Brigham Management LLC

Fees and Compensation

The fees and expenses associated with investments in the Funds are to be described in detail in
the Funds’ Offering Documents. Brigham acts as investment adviser to the Funds, all of which
are Delaware limited partnerships.

Brigham is permitted, in its sole discretion, to manage other funds or accounts with higher or
lower fees, different fee structures and different expense payment arrangements than the
Funds. Further, the General Partners, in their sole discretion, are permitted to agree with a
Limited Partner to waive or modify the applicable provisions of the Funds’ Offering
Documents, including the fees charged, with respect to such Limited Partner, without obtaining
the consent of any other Limited Partner.

Set forth below is a description of the Funds’ fees and expenses.

Management Fee. With respect to BEXP I, LP, BEXP II, LP, BEXP II (QP), LP, BEXP II (Parallel), LP,
BEXP III A, LP, BEXP III B, LP, BEXP III C, LP, Austin 512, LP, Langford Energy Partners I, LP and
Langford Energy Partners I (QP), LP, Brigham does not currently collect a management fee.

Carried Interest. With respect to the Funds, net proceeds from the disposition of the Funds’
investments, together with any distributions or interest earned on such investment, are
distributed to each participating Investor in accordance with the Funds’ Offering Documents.
Once certain hurdles are achieved, affiliates, employees, and other persons that help manage
the Funds are entitled to receive a portion of distributions (“Carried Interest”). Broadly speaking,
as the Funds’ realized return achieves certain IRR and ROI metrics over time, the Carried Interest
participants receive an increasing share of the Funds’ future cash flows.

Directors’ Fees, Advisory Fees and Ancillary Fees. With respect to the Funds, Brigham does not
currently collect any directors’ fees, advisory fees or ancillary fees. All such expenses are borne
by the respective Fund as incurred. To date, the Funds have not paid any such fees and do not
expect to pay any such fees in the future.

General & Administrative Expenses (“G&A”). On behalf of Brigham, the Funds will generally pay
their own ordinary administrative and overhead expenses, including office space, office supplies,
equipment, compensation, and benefits for employees. Aggregate Fund G&A budgets and their
allocation between Funds are presented annually for approval to the Funds’ respective Limited
Partnership Advisory Committee, in accordance with the Funds’ Offering Documents. Shared
service G&A, such as employee compensation, is allocated to each Fund based on total capital
commitments.

Other Fund Expenses. The Funds will generally pay, or will reimburse Brigham for, other expenses
of the Funds, as set forth in applicable Offering Documents.

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Types of Clients

Brigham provides investment advisory services to the Funds based on the investment objectives
and strategies described in the Funds’ Offering Documents. Brigham reserves the right, in its sole
discretion, to manage other funds or accounts with different objectives, higher or lower fees and
different fee structures than the Funds.

Investors in the Funds have been or will be required to complete and submit a subscription
agreement binding them to the terms of the Funds’ Offering Documents. Brigham only admits
“accredited investors”, as defined in Rule 501(a) of Regulation D under the Securities Act of 1933,
as amended, and the rules and regulations promulgated thereunder, and, in certain Funds,
“qualified clients,” as defined in Rule 205-3 of the Advisers Act. The minimum investment in the
Funds is $100,000, although the General Partners reserve the right to accept investments in a
lesser amount at their sole discretion.

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