Asia Alternatives Management LLC

Item 5     Fees and Compensation
The management fees and performance-based compensation applicable to each Client are set forth in
detail in each of the Client’s governing documents or investment advisory agreement. Generally, the
Funds, Parallel Funds, AIVs and Separate Accounts will pay AAM a fee for investment management
services (a “Management Fee”) and will allocate a performance-based carried interest (the “Carried
Interest”) to AAM or one of its affiliates. Sidecar Funds generally do not pay Management Fees or
Carried Interest.

Management Fees

Management Fees paid by the Funds, Parallel Funds, AIVs and Separate Accounts are set forth in
their respective governing documents and are generally paid semi-annually in advance. Management
Fees vary based on the nature of each account. Management Fees are typically negotiated and agreed
upon in advance.

Carried Interest

AAM and its affiliates are entitled to receive Carried Interest from certain Clients. Carried Interest is
negotiated and agreed upon in advance.

Operating Expenses

The Clients also bear and pay all expenses related to the operation of their investment vehicle,
including, without limitation: (i) reasonable fees, costs and expenses, if any, incurred in developing,
sourcing, investigating, evaluating, diligencing, researching, negotiating, structuring (including
formation and operating aggregators, holding vehicles and other special purpose entities through
which investments are made), making, monitoring, transferring, holding and disposing of, or
attempting to dispose of, investments that are either completed or not completed, including
reasonable financing, legal, accounting, due diligence (including third-party diligence software and
service providers), advisory, travel and accommodation expenses (including first-class airfare, meals,
and private ground transportation), placement and consulting fees and expenses in connection
therewith (to the extent not subject to any reimbursement of such costs, fees and expenses by
investment funds or other third parties); (ii) all reasonable fees and expenses in developing, sourcing,
investigating, negotiating, and structuring prospective or potential investments that are not ultimately
made (“Broken Deal Expenses”) (including expenses that would have been attributable to potential
co-investors or borne by Sidecar Funds) to the extent not reimbursed by an entity in which a Client
has invested or proposes to invest or by other third parties; (iii) fees, costs and expenses related to the
organization, establishment, operation, maintenance and administration of any alternative vehicles or
any operating aggregators, holding vehicles or other intermediary or special purpose entity used to
acquire, hold or dispose of an investment or to otherwise facilitate the Client’s investment activities;
(iv) all out-of-pocket costs and expenses incurred in connection with obtaining, negotiating, entering
into, effecting, maintaining, varying, refinancing, or terminating third-party financing for an
investment or a proposed investment that is not made, including bridge financing expenses and
commitment, origination and similar fees that are paid, expenses related to loan services and other
similar services providers, and all interest and other fees and expenses arising out of all forms of
leverage, third-party financing or other borrowings, letters of credit and guarantees made by the Client
including the costs of legal counsel to both a Client and its lenders and other financers; (v) brokerage
commissions, sale, currency conversions, transfer, registration, custodial expenses, depository
expenses (including a depository appointed pursuant to the Alternative Investment Fund Managers
Directive), finders’ fees and other investment costs, fees and expenses actually incurred in connection
with the purchase or sale of securities, custody, hedging, currency conversions, transfer and
registration of securities and otherwise with making, holding or disposing of investments; (vi)
management fees; (vii) fees, costs and expenses of tax advisors, legal counsel, accountants, auditors,
actuaries, investment banking, consultants, and other advisors and professionals and all ordinary out-
of-pocket administrative expenses related to the operation, administration, cancellation or liquidation
of the Client and the Client’s general partner, including (a) the preparation, printing and distribution

of reports, disclosures, financial statements, Schedules K-1, other tax forms and other information or
notices, including any information requests, and conforming to investor-requested reporting
templates, such as the Institutional Limited Partners Association (“ILPA”), which differ from AAM’s
standard form of reporting, (b) preparation and filing of regulatory filings as they relate to the Clients’
compliance with applicable laws and regulations (including Form PF and other regulatory filings of
the Client or the Client’s general partner relating to the Client’s activities, including filings with the
SEC and the Commodity Futures Trading Commission and such other filings or reports required by
US and non-US regulators of the Clients or AAM relating to the Clients), (c) the Client’s regulatory
compliance obligations, including those arising from the Alternative Investment Fund Managers
Directive, (d) interpretation of or compliance (or monitoring compliance) with the governing
documents of the Clients and other agreements related to the Client (including side letters and the
“most favored nation” provisions therein) or any investment, the costs and expenses of any service
providers retained in connection therewith, and preparation of materials related thereto (including
documentation to solicit or implement any consent or approval of the investors or the advisory board
of the Client or any amendment or other modification of any such agreement) and the holding of
...

Item 7     Types of Clients
As disclosed in Item 4, AAM provides advisory services to Funds, Parallel Funds, Sidecar Funds, AIVs
and Separate Accounts.

The minimum amounts of investment in the Funds, Parallel Funds, Sidecars Funds and Separate
Accounts are set forth in each investment vehicle’s respective governing documents. With regard to
Separate Accounts, account minimums may be negotiated from time to time at the sole discretion of
AAM.