CT Investment Management Co LLC

Item 5 – Fees and Compensations

Investors in a Client are typically allocated (or otherwise bear) their pro rata share of such fees and
expenses, which may be calculated based on capital commitments, invested capital, available
capital, or other metrics as determined by the CTIMCO Managers in their sole discretion. From
time to time, the Adviser will be required to decide whether costs and expenses are to be borne by
a Client, on the one hand, or the Adviser, on the other, and/or whether certain costs and expenses
should be allocated between or among the Clients, on the one hand, and the Other Blackstone
Vehicles on the other. Certain expenses may be suitable for only a particular Client or participating
Other Blackstone Vehicles and borne only by such Client, or, as is more often the case, expenses
may be allocated pro rata among the Clients and participating Other Blackstone Vehicles, even if
the expenses relate only to particular vehicle(s) and/or investor(s) therein, such allocation may be
calculated based on capital commitments, invested capital, available capital, or other metrics as
determined by the CTIMCO Managers in their sole discretion. The Adviser will make such
judgments in its fair and reasonable sole discretion, notwithstanding its interest in the outcome,
and may make corrective allocations should it determine that such corrections are necessary or
advisable. There can be no assurance that a different manner of allocation would not result in a
Client bearing less (or more) expenses.

CT Investment Management Co., LLC

Item 7 – Types of Clients

Documents. The CTIMCO Manager reserves the right, with the consent of majority-in-interest of
the investors, to waive the minimum dollar amount.

The Separate Account – Investor Suitability Requirements

The Adviser provides Separate Account services to an institutional investor capable of
understanding the risks of its investment. The amount of invested capital committed to a Separate
Account was negotiated with the Client or CDO.

CDOs – Investor Suitability Requirements

The CDOs were offered through private offerings made to “Qualified Institutional Buyers” under
the Securities Act and in a manner whereby the CDOs are not required to register as an “investment
company” under the Investment Company Act.

CT Investment Management Co., LLC