Core Capital Management LLC

Item 5: Fees and Compensation

Item 5.A.

Core Capital

Core Capital charges profit-based allocations (collectively “Incentive Allocations”) and administration
fees (collectively “Administration Fees”) to its clients as discussed below.

Global Credit Strategy

Related to the Global Credit Strategy, the Core Classic Funds (Core Classic Fund LP and Core Classic
Fund (QP) LP) will allocate to Core Capital a performance-based profit allocation (the “Incentive
Allocation”) and asset based management fee (the “Management Fee”).

Each Fund allocates the Incentive Allocation (if applicable) and Management Fee to Core Capital
according to the following share class schedule:

Fee Options

               Class                    Minimum Investment                     Fee Options
               Q25                           $250,000                     Option 1: 0.75% annual
                                                                         management fee plus 10%
                                                                                 incentive

                                                                           Option 2: 1.2% annual
                                                                             management fee

     Institutional Q25 (IQ25)                $10,000,000              Option 1: the greater of (i) 0.7%
                                                                      annual management fee OR (ii)
                                                                         10% incentive allocation

                                                                           Option 2: 0.9% annual
                                                                             management fee

               Q25-E                           $250,000                   Option 1: 0.75% annual
                                                                         management fee plus 10%
                                                                                 incentive

                                                                           Option 2: 1.2% annual
                                                                             management fee

   Institutional Q25-E (IQ25-E)              $10,000,000              Option 1: the greater of (i) 0.7%
                                                                      annual management fee OR (ii)
                                                                         10% incentive allocation

                                                                           Option 2: 0.9% annual
                                                                             management fee

                  O                       See Below Discussion of          Annual management fee of 1%
                                             Portfolio Options              and subject to a 10% carried
                                                                             interest allocation over an
                                                                               annualized 5% return

        Institutional O (IO)              See Below Discussion of             Annual management fee of
                                             Portfolio Options               0.75% and subject to a 10%
                                                                            carried interest allocation over
                                                                               an annualized 5% return

Portfolio Options

Limited Partners of the Core Classic Funds are offered three portfolio options: the Main Portfolio, the
Enhanced Portfolio, and the Opportunistic Portfolio.

The Main Portfolio typically invests in 10 to 20 sub-funds or managed accounts which invest globally in
public and private debt or debt-related securities. The Funds also offer holders of classes Q25-E and IQ25-
E the opportunity to invest up to 20% of their investment in the Main portfolio to a sub-portfolio
referred to as the Enhanced Portfolio which invests in less liquid evergreen sub-funds with liquidity terms
that typically range from 1-3 years. Finally, the Funds offer all classes the opportunity to invest in a separate
portfolio of sub-funds or direct co-investments with a 2-5-year target lifecycle referred to as the
Opportunistic Portfolio.

Investors of the Funds may participate in the Opportunistic Portfolio in one of two ways: 1) investors may
commit up to 50% of their investment in the Main Portfolio to class O or IO (40% for classes Q25-E and
IQ25-E); 2) direct capital commitments (minimum $25,000,000) may be made to class IO (without a
corresponding investment to the Main Portfolio).

Core Capital may, in its discretion, waive or reduce the Core Classic Incentive Allocations and
Management Fees with respect to any or all investors.

Aiperion

Aiperion has various fee arrangements with its clients. For ongoing consulting and advisory services,
Aiperion generally charges a flat fee per client, paid on a quarterly basis. For project-based work, a flat
fee is charged, often on completion of the project. These fees are negotiable on a client-by-client basis.

Item 5.B.

Core Capital

For each strategy, Core Capital deducts the Incentive Allocations and Administration Fees from each of
the Funds’ accounts in arrears.

Aiperion

Aiperion is paid directly by each client for its services.

Item 5.C.

Core Capital

In addition to the compensation described in 5.A. above, the Funds may be subject to additional expenses

as follows:

Underlying Manager Compensation

In general, investment managers with which the Funds invest will receive management fees from the Funds
ranging from 0-3% per year of the Funds’ net assets allocated to the investment manager and performance
fees or allocations ranging from 15-25% of any net capital appreciation on the Funds’ net assets allocated
...

Item 7: Types of Clients

Core Capital
As detailed in Item 4, Core Capital provides investment advisory services on a discretionary basis to
privately offered pooled investment vehicles.

Investors in the Funds must be accredited investors within the meaning of Regulation D under the Securities
Act of 1933, as amended, and, for certain Funds, qualified purchasers within the meaning of the Investment
Company Act of 1940, as amended. Generally, the minimum commitment by a limited partner to a Fund
is $250,000. However, the Adviser reserves the right to accept commitments of lesser amounts.

Aiperion

Aiperion provides investment advisory, risk modeling and asset allocation services to institutional clients.