Catalur Capital Management LP

Item 5: Fees and Compensation

The fees applicable to each of the Funds are set forth in detail in the corresponding Offering
Documents. A brief summary of such fees is provided below.

Management Fee

Catalur is paid an investment management fee (“Management Fee”) ranging from 1.00% -
1.50% per annum of the net asset value of the applicable Fund or Separately Managed
Account. The Management Fee is calculated and paid quarterly in advance.

Generally, the Management Fee is not negotiable. However, Catalur in its sole discretion, may
waive, reduce or modify the Management Fee at any time, without notice to or consent from
any Fund or Separately Managed Account (or underlying investor in such Fund or Separately
Managed Account).

Other Types of Fees or Expenses

Catalur is responsible for and shall pay, or cause to be paid, all of their own ordinary
administrative and overhead expenses, including, without limitation, all costs and expenses
related to rent, furniture, fixtures, equipment, office supplies, clerical expenses and all
salaries, bonuses and benefits paid to, or on behalf of, personnel of Catalur.

The Funds bear all other expenses, which include, without limitation, the following expenses
incurred by or allocable to the Funds: (i) organizational and offering expenses; (ii) any and all
fees, costs and expenses incurred in connection with the evaluation, diligence, discovery,
sourcing, investigation, development, researching, negotiation, financing, structuring,
acquisition, consummation, monitoring, holding, maintaining, hedging, management or
disposition of investments (whether or not consummated) and temporary investments,
including (A) transaction fees; (B) research-related fees and expenses; (C) professional fees
and expenses, including legal, accounting, auditing and third-party industry and due diligence
experts; (D) filing, compliance and other related expenses; (E) travel, lodging and related
expenses; (F) loan servicing fees and related expenses; and (G) all other fees, costs and
expenses related to the evaluation, discovery, investigation, development, acquisition,
monitoring, maintenance or disposition of potential or actual investments, or short-term
investments; (iii) expenses of third-party or internal software tools, programs or other
technology for the benefit of the Funds and Bloomberg subscription service fees; (iv) any and
all costs and expenses and any other payments incurred in connection with the incurrence of
leverage and indebtedness; (v) any and all auditing and accounting expenses of the Funds and
any tax filings; (vi) any and all taxes and other governmental charges that may be incurred or
payable by the Funds; (vii) any and all fees, costs and expenses relating to the maintenance of
registered offices, corporate licensing and similar expenses; (viii) regulatory and compliances
fees, costs and expenses directly related to the Funds; (ix) any and all insurance premiums,
fees or expenses in connection with insuring the activities of the Funds, the Fund General
Partner, Catalur and/or their respective affiliates (x) any and all costs and expenses incurred
to comply with any law or regulation related to the activities of the Funds or incurred in
connection with any litigation or governmental inquiry, investigation or proceeding; (xi) any
and all costs and expenses incurred in connection with communications and reports and
distributions to the Investors and to provide access to a database; (xii) any and all costs, fees
and expenses incurred in connection with distributing proceeds to the Investors; (xiii) any and

all reasonable costs and expenses incurred in connection with any meeting of the Investors,
including, without limitation, travel, meal, and lodging and related expenses; (xiv) reasonable
out-of-pocket expenses incurred by members of the Governance Committee and their
representatives in connection with the fulfilment of their duties; (xv) the fees, costs and
expenses of any meeting of the Board of Directors of the Offshore Fund and director
registration fees; (xvi) any and all fees, costs and expenses incurred in connection with the
formation and organization, operation and restructuring of any alternative investment
vehicle, subsidiary, investment holding entity or special purpose entity; (xvii) any and all of the
Funds’ administrative fees, costs and expenses, including the fees and costs of the
Administrator, the fees, costs and expenses of negotiating an administrative services
agreement with the Administrator, expenses associated with data fees from the Administrator
and fees, costs and expenses associated with maintaining and reviewing the Fund’s books and
records; (xviii) the aforementioned administrative fees, costs, and expenses as they relate to
the Funds’ Shadow Administrator; (xix) any fees, costs and expenses of any professionals and
advisors who provide services to, or for the benefit of, the Fund, including the fees of any
accountants, counsel, valuation experts; (xx) any fees, costs and expenses in connection with
claims relating to investments, and collecting monies due to the Funds, (xxi) any and all fees,
costs and expenses incurred in connection with the dissolution, winding up or termination of
the Funds, the Fund General Partner or any special purpose entity; (xxii) any and all fees, costs
and expenses incurred in connection with any amendments, modifications, revisions or
restatements to the constituent documents of the Fund or any investment holding entity or
special purpose entity set up for the purpose of pursuing the Fund’s investment policy; (xxiii)
any and all fees, costs and expenses incurred in connection with computing the value and
attributes of the assets of the Fund; (xxiv) any and all fees and costs related to litigation or any
governmental inquiry, investigation or proceeding involving the Fund (including costs and
expenses incurred in connection with, as well as the amount of where applicable, the
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Item 7: Types of Clients

Catalur provides advisory services to the Clients (as described in Item 4 above), which are
private investment funds, sub-advised funds, and certain Separately Managed Accounts.
Investors in the Funds are generally high net worth individuals and institutional investors that
qualify as “accredited investors” (as defined in Rule 501 under the Securities Act of 1933, as
amended) and “qualified purchasers” (as defined under the 1940 Act).

Generally, the minimum initial investment in the Funds is $5 million. However, the Fund
General Partner and/ or Catalur, as applicable, may, in its sole discretion, accept smaller initial
investments from time to time.