Creation Investments Capital Management LLC

ITEM 5. FEES AND COMPENSATION

Below is a brief summary of certain fees and expenses paid by Clients. Investors and prospective investors are
advised to review the relevant Client’s Offering Documents for a more comprehensive discussion of fees and
expenses.

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A. The Clients will generally be offered only to “accredited investors”, who are also “qualified clients”
   or “qualified purchasers” as defined as amended by applicable law. Creation Investments, as
   outlined in the private equity Fund Offering Documents, charges a 2.0% management fee based
   on the aggregate commitments during the investment period, and a 2.0% management fee based
   on the invested and reserved capital thereafter. As per the Offering Documents for the private
   credit Funds, the Firm charges a 1.25% management fee based on invested capital of each private
   credit Fund. The Firm may, at its discretion, waive or reduce such fees for certain investors as
   permitted in the Offering Documents as permitted in the Offering Documents.
   Fees charged to co-invest vehicles and separately managed accounts may vary between each co-
   invest vehicle or separately managed account, and payment terms would be detailed in an
   investment management agreement entered into with each Client. However, these Clients are
   charged a management fee in a manner similar to that of the Funds.
B. Creation Investments deducts the management fee from Client accounts quarterly in advance.
   Creation Investments may reduce or waive the management fee with respect to any Client or
   investor.
C. In addition to the management fees described above, each Client will be responsible for certain of
   its operating expenses as disclosed in the Offering Documents. These expenses include but are not
   limited to: (i) organizational expenses of the Client (including the out-of-pocked expenses of the
   Firm and the “General Partner” (please see Item 10 for a list of the General Partners for each Fund)
   incurred in connection with the formation of the Client, up to certain amounts as detailed in the
   Offering Documents); (ii) all ongoing accounting (including a portion of the compensation of Firm
   personnel providing such services to the Fund that would otherwise be provided by third party
   service providers), auditing, legal, custodial, administrative, reporting and tax return preparation fees
   and expenses (including reimbursable expenses of members of the LP advisory committee); (iii)
   costs of insurance; (iv) other expenses associated with the evaluation, making, holding and
   disposition of actual or prospective portfolio investments (including broken deal costs and certain
   travel costs); (v) costs of meetings of investors; and (vi) all extraordinary expenses of the Client
   (such as any indemnity or litigation expense).
   Each investor will bear its pro rata share of the organizational expenses incurred in connection with
   the organization of a Fund, co-invest vehicle or separately managed account which it is invested
   in. The amount and type of permitted organizational expenses varies by Fund, co-invest vehicle,
   or separately managed account and is further detailed in the Offering Documents of each Fund,
   co-invest vehicle, or separately managed account. Any amounts in excess of such specified
   amounts are offset dollar for dollar against management fees.
   In good faith and in its fair and reasonable discretion, Creation Investments determines on a case-
   by-case basis whether an expense should be borne by the Firm, a single Client, multiple Clients or
   a portfolio company. To the extent that the Offering Documents do not expressly provide for a
   method of allocation or to the extent an invoice does not relate to a specific Fund, co-invest vehicle,
   or separately managed account, the Firm will typically allocate common expenses among multiple
   Clients on a pro rata basis and in accordance with its policies and procedures on expense
   allocation, unless another method is more equitable. Where one or more Clients to which an
   expense would otherwise be allocable are not permitted to receive an allocation based on the
   applicable Offering Documents, the portion of the expense attributable to such Client will be borne
   by the Firm.
   Certain expenses related to the Firm’s oversight of portfolio companies on behalf of its respective
   Client are reimbursed by a portfolio company pursuant to the legal or shareholder’s agreements
   with each portfolio company. These expenses are paid by the Firm and reimbursed by a portfolio
   company or paid directly by a portfolio company. These expenses can include, without limitation
   (i) travel expenses, such as flights, hotel accommodations, and taxi or car services; (ii) expenses
   relating to training programs, meetings, conference or other events (to the extent such programs,
   meetings or events are attended by portfolio company personnel); (iii) meals and closing dinners;

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         and (iv) certain legal, corporate or tax filing expenses. Reimbursement by a portfolio company of
         out-of-pocket expenses incurred by the Firm, including its respective affiliates, or the Firm’s Clients
         will not be offset against management fees due from the Funds, co-invest vehicles, or separately
         managed accounts.
         The Clients will incur brokerage costs if applicable; however, due to the nature of the Firm’s
         business, broker-dealers are not generally used. See Item 12 – Brokerage Practices.
         At the General Partner’s discretion and with the consent of Creation Investments as investment
...

ITEM 7. TYPES OF CLIENTS

Creation Investments provides investment advisory services to pooled investment vehicles which generally
operate as exempt investment companies under the Investment Company Act of 1940, as amended. The
minimum investment in the Funds is typically $1,000,000 for investors, although Creation Investments
maintains discretion to individually waive, increase or reduce the minimum investment required.
The Firm may also provide investment advisory services to separate co-invest vehicles and separately
managed accounts. Creation Investments may impose minimum account requirements on separate co-
invest vehicles and managed accounts. Any such minimum would be described in the written investment
management agreement entered into by and between Creation Investments and the Client.

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