Bar Point Management Limited Partnership

Item 5.     Fees and Compensation

The Firm’s fees and compensation will be described in each client’s Governing Documents. All of the Firm’s
clients are expected to be “qualified purchasers” (as defined in Section 2(a)(51) of the Investment
Company Act of 1940, as amended).

The Firm expects to be paid management fees from the Funds quarterly in advance. Once paid, the
management fees will be non-refundable. The Firm expects that it will deduct such management fees
from each Fund. The Firm expects that it may waive or modify the management fee payable with respect
to any investor.

The Firm also expects that Bar Point Partners GP LLC will be entitled to receive performance-based
allocations from the Funds, as further described in Item 6 – Performance-Based Fees and Side-By-Side
Management.

The Funds will be expected to bear their own organizational and operating expenses as described in the
Funds’ respective Governing Documents, including, without limitation, investment expenses.

Bar Point Management Limited Partnership                                                    Form ADV Part 2A

The expenses that will be charged to any future client account will be determined on a case-by-case basis
and will be disclosed in each client’s respective Governing Documents.

The Firm may also allocate a portion of certain clients’ capital to money market funds or exchange-traded
funds. In addition to the fees and expenses discussed above, clients will indirectly incur similar fees and
expenses if the Firm invests their capital in such funds, as these funds in turn pay similar fees and expenses
to their investment managers and other service providers.

For a more detailed discussion of brokerage and transaction costs, see Item 12 - Brokerage Practices.

Item 7.     Types of Clients

Separate account clients and investors in the Funds are generally expected to be high net worth
individuals, endowments, foundations, and institutional investors that qualify as “accredited investors”
(as defined in Rule 501 under the Securities Act of 1933, as amended) and qualified purchasers. The
minimum initial investment in the Funds will be determined by the Firm and set forth in the Funds’
Governing Documents. The minimum account size for separately managed accounts is $100,000,000. The
Firm may waive such minimums under certain circumstances.

Bar Point Management Limited Partnership                                                   Form ADV Part 2A