Care Equity Capital Management LP

Item 5.        Fees and Compensation

Investors should consult the Offering Documents for each Fund for more details regarding the
calculation of fees and expenses.

Fees and Allocations

The Investors in the Funds are qualified purchasers. As a result, information on how Care Equity
is compensated for its advisory services and its fee schedule are not included here. Care Equity’s
compensation is negotiable and varies, but is set forth in each Fund’s Offering Documents.

The General Partners serve as the general partners of each Fund. As such, the General Partners
deduct management fees from the applicable Funds and are distributed carried interest
distributions, as applicable. Management fees are generally paid in advance on the first day of each
fiscal quarter, and any payment for a period of less than a fiscal quarter is pro-rated; provided that
if a Fund is terminated on a date other than the last day of a fiscal quarter, no refund of any pre-
paid management fees is made. Carried interest distributions are generally made on distributions
from the applicable Fund following the return of capital to such Fund’s Investors. Investors in the
Funds are not permitted to make voluntary withdrawals.

Care Equity provides certain affiliated Investors special fee and carried interest arrangements that
it does not provide to other Investors. Care Equity may waive all or any portion of the management
fees or carried interest distributions with respect to any Investor.

Care Equity believes that its fees are competitive with fees charged by other investment advisers
for comparable services. Comparable services may be available, however, from other sources for
lower fees.

Expenses

In addition to the management fees and carried interest distributions described above, each Fund
bears the costs and expenses of its formation, investment activity and operations as more fully
disclosed in the Offering Documents, including all investment, legal, accounting, administration,
auditing and borrowing expenses, as well as any extraordinary expenses (such as litigation
expenses). Investors should review the applicable Fund’s Offering Documents for a more detailed
description of that Fund’s expenses.

Item 7.        Types of Clients

Care Equity only provides investment advice to investment funds and does not advise individual
accounts.

Fund I and Fund II are closed to new Investors.