Corsair Capital Management LP

Item 5 - Fees and Compensation

          The below is intended as a summary, and prospective investors should refer to the offering
          and governing documents for the Private Fund(s) in which they are considering investing
          for a more complete description.

          Generally, Corsair receives performance-based fees or allocations from the Private Funds
          as described below on an annual basis in arrears and upon redemptions by investors from
          the Private Funds. Corsair also receives management fees from the Private Funds as
          described below.

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Corsair Capital Management, L.P. Form ADV: Part 2A                                                 Page 4

          The General Partner of Corsair Capital Partners 100, L.P. generally charges performance
          compensation at rates ranging from 15% to 20% of the increase in net asset value of this
          Private Fund, subject to a high water mark. CCM generally charges Corsair Capital
          Partners 100, L.P. a management fee, paid quarterly in advance, at rates ranging from 1.0%
          to 1.5% per annum of the net asset value of this Private Fund.

          The Operations Manager of Corsair Capital Investors, Ltd. generally charges performance
          compensation at rates ranging from 15% to 20% of the increase in net asset value of this
          Private Fund, subject to a high water mark. CCM generally charges Corsair Capital
          Investors, Ltd. a management fee, paid quarterly in advance, at rates ranging from 1.0% to
          1.5% per annum of the net asset value of this Private Fund.

          The General Partner of Corsair Select 100, L.P. generally charges performance
          compensation at rates ranging from 15% to 20% of the increase in net asset value of this
          Private Fund, subject to a high water mark. CCM generally charges Corsair Select 100,
          L.P. a management fee, paid quarterly in advance, at rates ranging from 1.5% to 2.0% per
          annum of the net asset value of this Private Fund.

          Corsair’s compensation and fees are generally non-negotiable with respect to the Private
          Funds listed above but do vary amongst the Private Funds and within each Private Fund.

          Corsair’s compensation schedules for Corsair Capital Partners, L.P., Corsair Select, L.P.
          and Corsair Select Offshore, Ltd. are contained in their respective Confidential Offering
          Memoranda. Each Private Fund’s Confidential Private Offering Memorandum is herein
          referred to as its “PPM”.

          Corsair generally deducts its management fees from the Private Funds quarterly in advance.
          Management fees for the Private Funds will be pro-rated or refunded for any period for
          which the applicable Private Fund no longer exists and for any intra-quarter redemptions
          from the Private Funds by investors. Management fees accrue monthly.

          Corsair retains the right to waive or reduce fees, or charge different fees, with respect to its
          investors in the Private Funds. In addition, employees and their immediate family members
          are generally not charged performance compensation nor management fees in connection
          with their investments in the Private Funds.

          Expenses Generally

          Corsair’s clients will generally be obligated to pay certain fees and expenses of, or
          pertaining to, the applicable client.

          Without limiting the foregoing, generally, the Private Funds shall pay, or reimburse Corsair
          for, certain fees and expenses of the applicable Private Fund, which may include, in some
          or all instances, organizational and offering costs, fees and costs relating to the trading of
          securities, interest and commitment fees on loans and debit balances, brokerage
          commissions (see Item 12, “Brokerage Practices”), costs of borrowing securities to be
          sold short, legal, accounting (including the fees and expenses of third party service
          providers who provide trade reconciliation services to the Private Funds and maintain the
          Private Funds’ shadow books and records), auditing and tax preparation fees and expenses,

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          costs of any outside appraisers and other experts or consultants engaged by Corsair in
          connection with specific transactions, withholding and transfer taxes, government charges,
          bank charges, insurance costs, costs of preparing and mailing reports to investors, and other
          similar fees and expenses.

          The Private Funds will also pay or reimburse Corsair for research fees and expenses
          (including online news and quotation services) appropriately allocable, in Corsair’s
          discretion, to the applicable Private Fund’s operations.

          To the extent that Corsair incurs any expenses for the benefit of multiple clients, Corsair
          generally will allocate such expenses in any manner that it deems equitable, taking into
          account written agreements with such clients (including the Private Funds’ governing
          documents) and applicable facts and circumstances, including the relative size of the
          applicable entity or account, the nature or source of the product or service and the benefits
          derived from and the extent of use of the product or services. Nonetheless, the portion of
          an expense that Corsair allocates to a client for a particular product or service might not
          reflect the relative benefit derived by such client from that product or service in any
          particular instance. Our expense allocations often depend on inherently subjective
...

Item 7 - Types of Clients

          Investors in the Private 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 (the “Securities Act”)). New investors in Corsair Capital Partners,
          L.P. and Corsair Select, L.P. as well as investors who are United States persons in Corsair
          Select Offshore, Ltd. will generally need to be “qualified purchasers” as defined in Section
          2(a)(51)(A) of the Investment Company Act of 1940, as amended. New investors in
          Corsair Capital Partners 100, L.P. and Corsair Select 100, L.P. will generally need to be
          “qualified clients” as defined in Rule 205-3 of the Investment Advisers Act of 1940, as
          amended (the “Advisers Act”). The minimum investment in the Private Funds is generally
          $500,000, provided that Corsair may accept lesser investments in its discretion, to the
          extent permitted by applicable law.