Claritas Capital Management Services Inc

Item 5.    Fees and Compensation

The Adviser or its affiliates generally receive Advisory Fees and Carried Interest (each as defined
below) or similar performance-based remuneration from a Client. A Client and/or its portfolio
companies also typically reimburse the Adviser and its affiliates for certain expenses and/or make
other payments to the Adviser or its affiliates for services provided to the Client and/or its portfolio
companies. Additionally, consistent with the Organizational Documents of a Client, the Client
typically bears certain out-of-pocket expenses incurred by the Adviser in connection with the
services provided to the Client and/or the portfolio companies. Details about such fees and
expenses are contained in the Organizational Documents of a Client. Further details about certain
common fees and expenses are set forth below.

Advisory Fees

As compensation for investment supervisory services rendered to the Clients, the Adviser receives
from each such Client an advisory fee (each, an “Advisory Fee”) typically calculated based on
committed capital with respect to such Client. The precise amount of, and the manner and
calculation of, the Advisory Fees for each Client are established by the Adviser and are set forth
in such Client’s Organizational Documents. The Advisory Fees and other fees and distributions
described herein are generally subject to modification, waiver or reduction by the Adviser in its
sole discretion, both voluntarily and on a negotiated basis with selected investors via side letter
and other arrangements, which may not be disclosed to other investors in the same Client. The fee
structures described herein may be modified from time to time. Fees may differ from one Client
to another, as well as among investors in the same Client.

Certain investors in the Clients such as “friends and family” of the Adviser, its affiliates or their
personnel (including any related entity established by any of the foregoing, such as trusts,
charitable programs, endowments or related programs, family investment vehicles and other estate
planning vehicles) in certain cases will not pay Advisory Fees or Carried Interest in connection
with their investment in a Client. Furthermore, the Adviser has in the past and may, from time to
time in the future establish certain investment vehicles through which such investors or other third
parties may invest alongside one or more Clients in one or more investment opportunities, which
in certain cases do not pay Advisory Fees or Carried Interest, although they may pay for their pro
rata share of certain Client expenses, or the pro rata portion of such investors’ expenses will be
allocated to the Adviser or the general partner of the applicable Client.

The Adviser from time to time may enter into economic and/or other fee-sharing arrangements
with respect to one or more Clients and/or certain limited partners thereof, the rights of which will
not generally be offered to other limited partners.

As a general matter, the Advisory Fee paid by the Client is 2.5% per annum of the aggregate
amount of capital commitments of such Client. For certain Clients, following the termination of a
Client’s investment period, the Advisory Fee paid by such Client for the balance of the term of the
Client will be reduced to the amount of capital that remains invested in such Client. Advisory Fees
for a specific Client may be higher or lower depending on various factors such as the size of the
Client and the nature of the Client’s investment program and strategy.

In addition, the Adviser may waive or reduce all or a portion of the Advisory Fee paid by a Client
in full or partial satisfaction of any obligation of the Adviser and certain employees and affiliates
of the Adviser to invest in and alongside such Client, which could result in acceleration of investor
capital contributions.

Advisory Fees are deducted from the assets of the Clients quarterly in advance. Upon termination
of an Advisory Agreement, Advisory Fees that have been prepaid are generally returned on a
prorated basis.

Other Fees and Expense Reimbursement

Other Fees

In addition to the Advisory Fees and Carried Interest, the Adviser and its affiliates receive a variety
of other cash, equity and other non-cash fees relating to the investment activities of a Client, its
portfolio companies and prospective portfolio companies, including transaction fees, break-up
fees, commitment fees, termination fees, portfolio company management fees, directors’ fees,
investment banking fees and similar fees, payments or compensation (in the form of cash)
(collectively with the other fees described in this section, “Other Fees”). The amount and timing
of Other Fees received by the Adviser or its affiliates are generally specified in the agreement or
other documentation governing the applicable transaction.

The Adviser and its affiliates receive “portfolio company management fees” pursuant to portfolio
company management agreements with portfolio companies of the Clients governing the advice,
consultation and other similar ongoing services provided by the Adviser to such portfolio
companies. The terms of a portfolio management agreement may include (among other things)
annual automatic renewals, the payment of portfolio company management fees (which may be
fixed fees or calculated as a percentage of EBITDA or similar performance metric).

Other Fees are often substantial and may be paid in cash, in securities of the portfolio companies,
prospective portfolio companies or investment vehicles (or rights thereto) or otherwise. The
payment of Other Fees and reimbursements by portfolio companies and prospective portfolio
companies will, in some, but not all, circumstances create a conflict of interest between the Adviser
and its affiliates, and the Clients and their investors, because the amounts of these Other Fees and
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Item 7.    Types of Clients

The Adviser currently provides investment supervisory services to the Clients. Investment advice
is provided directly to the Clients (subject to the direction and control of the general partner of
each such Client, if applicable) and not individually to investors in such Client.

Interests in the Clients are offered pursuant to applicable exemptions from registration under the
Securities Act and the 1940 Act. Investors in the Clients are generally “qualified purchasers” as
defined in the 1940 Act, and may include, among others, high net worth individuals, banks, trusts,
estates, charitable organizations, foundations, university endowments, family offices,
corporations, limited partnerships and limited liability companies or other entities.

The Adviser does not have a minimum size for a Client, but minimum investment commitments
may be established for investors in the Clients. The general partner of each Client may in its sole
discretion permit investments below the minimum amounts set forth in the Organizational
Documents of such Client.