Corbin Capital Partners LP

Item 5: Fees and Compensation
In general, Corbin charges a management fee of up to 1.5% of the net assets or capital of each Corbin
Fund that it manages. The management fee may differ both within certain Corbin Funds and across the
various Corbin Funds. Fees are generally deducted from Corbin Funds’ assets although investors in
Customized Funds that take the form of separate accounts are typically billed for fees incurred.

In certain circumstances management fees charged by Corbin Funds are waived, reduced, modified or
rebated. For example, Investors that are principals or employees of Corbin or its related persons are
generally not charged management fees. In addition, from time to time, the proceeds of any revenue
share owned by a Corbin Fund may be paid to Corbin instead of such Corbin Fund for tax, regulatory or
other reasons. Any such proceeds paid to Corbin will reduce the management fee payable and/or
performance-based compensation payable by such Corbin Fund to Corbin or its affiliates.

In general, Corbin Funds pay their operating expenses and expenses incurred in connection with the sale
of their interests. Corbin Funds’ operating expenses currently include, or in the future may include, but
are not limited to, investment expenses (e.g., expenses which Corbin determines to be related to the
investment of Corbin Funds’ assets, such as custodial fees; brokerage fees and commissions; clearing and
settlement charges; bank service fees; other transaction costs; costs related to the negotiation, acquisition,
holding, monitoring, restructuring or disposition of any Corbin Fund investment (including expenses
related to actual or threatened disputes); other transaction costs; costs related to the investigation of actual
and/or potential Corbin Fund investments, including travel costs; expenses relating to potential Corbin
Fund investments that are not consummated; expenses relating to investing in other entities, including
payment of a pro rata share of such entities’ operating and other expenses as well as, except as otherwise
described, payment of associated management and performance fees; expenses payable to Investment
Managers in connection with investments that are not made in other entities, including management fees,
performance fees and other fees and expenses); research expenses (including third-party research
expenses; costs and expenses of products and services relating to research concerning the Corbin Fund’s
investments or potential investments; periodicals; publications; subscriptions; data (e.g., Bloomberg); data
maintenance, processing and retrieval); directors’ fees; taxes (including taxes paid with respect to, or
withheld from, receipts of the Corbin Fund from an investment, directly or indirectly, in a Portfolio Fund
or in any other security or financial instrument and costs and expenses incurred in connection with any
tax audit, inquiry, settlement or review); insurance costs and expenses (including costs and expenses
relating to financial institution bonds, ERISA bonds, professional liability insurance, errors and omissions
insurance, directors’ and officers’ insurance, fiduciary liability insurance and investment fund
management insurance); auditing and tax preparation expenses (including expenses relating to Corbin
Funds’ tax returns and tax reporting for Investors); printing and mailing expenses; legal, regulatory and
governmental fees, charges and expenses; filing and reporting fees and expenses (including fees and
associated expenses relating to filings and/or reports concerning investment and other activities of Corbin
Funds made with government, regulatory or self-regulatory organizations by Corbin Funds, Corbin or any
of their affiliates, including but not limited to Form PF and Annex IV); fees and expenses relating to the
establishment of placement agent, solicitation, distribution and similar arrangements; corporate licensing
fees; registration fees; and fees and out-of-pocket expenses of any service company retained to provide

certain accounting, bookkeeping, middle-office, administrative services, services of anti-money
laundering officers, or other similar services; expenses of winding up the affairs of the Corbin Funds; the
expenses of any Advisory Committee of a Corbin Fund in accordance with the applicable Constituent
Documents (including third-party costs and expenses incurred thereby in connection with such committee
retaining advisors to perform services contemplated by the Constituent Documents) and any costs and
expenses of annual or special meetings of the Investors or any meetings or conferences with Investors or
their representatives, whether individually or in a group, including costs and expenses associated with the
presence of a Corbin Fund’s lawyers, accountants or advisers at such annual or special meetings or such
other meetings or conferences; all costs and expenses incurred in relation to obtaining waivers, consents
or approvals pursuant to the Constituent Documents, and all costs and expenses of, and/or incidental to,
the preparation of amendments to the Constituent Documents; costs and expenses incurred in connection
with amendments to, and waivers, consents or approvals pursuant to, side letters or similar agreements
with Investors and the “most favored nations” election processes in connection therewith. Corbin Funds
also pay or reimburse Corbin for certain operating expenses including Corbin Funds’ pro rata portion of
the expenses of quotation equipment and other computer software (including the cost of software
development) utilized in investment decision-making and investment monitoring, portfolio reporting
and/or order/portfolio management; professional fees (including expenses of attorneys, consultants,
accountants, advisors and experts) relating to investments and/or operation of the Corbin Funds, expenses
relating to third-party pricing services, financial modeling services, valuation agents, and appraisals,
...

Item 7: Types of Clients

Corbin provides investment supervisory services principally to Corbin Funds. (See Item 4 – Advisory
Business). The Investors in Corbin Funds are based in the U.S. and outside the U.S and generally consist
of:

    ➢   Banks and other financial institutions
    ➢   Insurance companies
    ➢   Retirement and pension plans
    ➢   Profit sharing plans
    ➢   Trusts and estates
    ➢   Charitable organizations
    ➢   Sovereign wealth entities
    ➢   High-net-worth individuals
    ➢   Corporations
    ➢   Business entities other than those listed above

Generally, the minimum initial investment amount for Investors in the Commingled Funds is $5,000,000.
The minimum initial investment amount may be waived at the discretion of the general partner or board of
directors of each Commingled Fund, and such waivers are frequently granted.

There is no fixed minimum account size required for Customized Funds. The size of a Customized Fund
is subject to negotiation and typically significantly exceeds the minimum investment required for
Commingled Funds.