Credit Value Partners LLC

Item 7         Types of Clients

CVP provides or may provide advice to, banks and thrift institutions, investment companies, pensions
and profit-sharing plans, charitable arrangements, corporations, sovereign wealth funds, and other
entities, registered and/or unregistered pooled investment vehicles, institutions or other investment
advisers. In this role, CVP may either act as an adviser or a sub-adviser. CVP may also engage sub-
advisers to perform advisory services.

As a requirement for opening or maintaining a separately managed account, CVP may impose a
minimum dollar value of assets. CVP may consider the characteristics of certain asset classes when
determining whether a separately managed account will be subject to a requirement to maintain a
minimum dollar value of assets. CVP may make exceptions to minimum dollar value limits in its
sole discretion.

While CVP does not place a limit on the minimum or maximum offering amount for any of the Funds,
individual investors who want to participate in the Funds may be required to invest a minimum
amount which varies depending on the Fund. The Funds offer interests/shares/notes only to certain
qualified investors and admission to the Funds is not open to the general public. An investment in a
Fund is generally restricted to investors which qualify as “accredited investors,” as that term is
defined under rule 501(a) of Regulation D of the Securities Act of 1933, as amended. Some Funds
further require investors to qualify as “qualified eligible persons” as that term is defined under the
rules of the Commodity Futures Trading Commission, and/or “qualified purchasers” as that term is

defined under the Company Act. These requirements are disclosed in each Fund’s offering
documentation.