Beekman Investment Advisors LLC

Item 5. Fees and Compensation

Description
Each Fund pays Beekman a management fee at an annual rate of 2% per annum of the aggregate
commitments (during the Investment Period) and unreturned capital contributions (after the
Investment Period) of all limited partners, excluding amounts from Beekman’s Principals. The
management fee paid commences as of the initial closing of each Fund, unless specifically
determined otherwise. Investors admitted after any closing may be required to pay an additional
management fee of 8% per annum based on their proportional share. We may, in our sole
discretion, at any time waive, reduce, defer or assign any portion of the management fee.

Fee Billing
The management fee shall be calculated and made semi-annually in advance on the first day of the
first and third fiscal quarters in the amount of 50% of the annual management fee due. Fees are
payable through each Limited Partner’s capital account.

Certain percentage of the fees paid by the Fund’s portfolio companies and potential portfolio
companies to Beekman, including advisory, director, consulting, commitment and break-up fees,
will be offset on a dollar-for-dollar basis against payments of the management fee following the
date of the determination of such net remuneration; provided, however, that the management fee
for any semi-annual period will not be reduced below zero.

Other Fees
Investors of the Funds may pay additional expenses such as, but not limited to, liquidation expense
of the Funds, any sales or taxes, fees or government charges, commissions or brokerage fees
incurred in connection with the purchase or sale of securities, travel-related expenses of the
Advisory Board, costs with hosting annual or special meetings, expenses related to litigation, costs
associated with audit, accounting, appraisal, legal, custodial and registration. This does not include
all possible expenses which are explained in detail within each Fund’s PPM.

Fees Paid in Advance
Given the fact that management fees are not paid until commencement of a closing, there are no
refunds made to the investors.

Item 7. Types of Clients

Description
Beekman only provides investment advice to the Funds described above. The investors of each
Fund must meet specific financial requirements. Investment within each Fund generally is open to
sophisticated high net worth individuals and institutional investors, including pension and other
funds subject to ERISA.

Account Minimums
Each investor will be required to invest not less than $5 million. Lesser amounts may be accepted
at the sole discretion of the General Partner.