Cypress Ridge Capital LP

Item 5: Fees and Compensation

The fees applicable are set forth in detail in its respective Offering Documents. A brief summary
of such fees is provided below.

Management Fee & Portfolio Company Fees

Private Equity Funds

Cypress Ridge charges an investment management fee (“Management Fee”) of 2% per annum.
The Management Fee is or will be charged quarterly in advance. The Management Fee may be
reduced by Cashless Contributions. Specific details are set forth in the respective Private Equity
Fund’s limited partnership agreement, and/or other agreements governing the terms and
conditions of investments in the Funds.

Generally, the Management Fee is not negotiable. However, Cypress Ridge may, in its sole
discretion, waive, reduce or modify the Management Fee at any time.

THE SPVS

For the SPVs, which each invest in a single portfolio company, the portfolio company is expected
to pay certain fees, including add-on fees, exit fees, monitoring fees and any other similar fees
(“Portfolio Company Fees”) to the respective general partners or affiliates thereof. Certain
Investors in the SPVs have entered into separate agreements pursuant to which such Investors
pay a management fee directly to Cypress Ridge or its affiliates. The terms of these arrangements,
including the applicable fee rate, payment frequency, and any offsets or credits, are set forth in
the Investor’s individual side letter or subscription agreement and may differ materially from the
terms applicable to other Investors in the same fund.

Other Types of Fees or Expenses

Private Equity Funds

From the Management Fee, the Firm shall bear all normal operating expenses incurred in
connection with the management of the Private Equity Funds, the Firm and its affiliates, except
for those expenses borne directly by a Private Equity Fund. Such normal operating expenses to
be borne by the Firm (or its designees) shall include, without limitation, expenditures on account
of salaries, wages and other expenses of employees, the Firm, overhead and rentals payable for
space used by the Firm and its affiliates, office expenses, expenses for clerical services,
bookkeeping services and equipment and fees for consulting services not related to a particular
portfolio company (other than those borne by a Fund) and all normal expenses incurred in
connection with research and analysis of industry sectors in which the Private Equity Funds invest
and identifying potential investment opportunities (other than those borne by a Private Equity
Fund).

As a general matter, the Private Equity Funds will pay, or reimburse the Firm and its affiliates for,
all other fees, costs, expenses, liabilities and obligations relating to a Private Equity Fund’s and/or
its subsidiaries’ activities, business, portfolio companies or actual or potential investments,
including with respect to any person formed to effect the acquisition and/or holding of a portfolio
company (to the extent not borne or reimbursed by a portfolio company or potential portfolio
company), including all fees, costs, expenses, liabilities and obligations relating or attributable to:
travel (including air travel (at a cost not exceeding the cost of refundable business class
commercial airfare), ground transportation (including car service) and incidental travel expenses),
lodging, meals, entertainment, printing, legal, capital raising, accounting, regulatory compliance
(including, should it become relevant, expenses associated with the initial registrations, filings
and compliance and other offering- or placement-related obligations contemplated by the
AIFMD, the UK Alternative Investment Fund Managers Regulations 2013 or any similar law, rule
or regulation), and any administrative or other filings incurred (including to the extent incurred
by any placement agents, finders or other third parties performing similar services) in connection
with the organization, funding and start-up of the Firm and its affiliates, any parallel fund,
including the preparation of, and negotiations with respect to, a Private Equity Fund’s Agreement
and any side letters or similar agreements, and the costs and expenses associated with the Firm’s
initial regulatory requirements, including legal costs incurred by the Firm associated with analysis
and advice relating to the Firm’s formation, structure and operations, its filing as an exempt
reporting adviser with the SEC or its registration as an investment adviser under the Investment
Advisers Act or applicable state laws, as applicable, and the costs associated with the creation
and initial implementation of policies and procedures of the Firm and its affiliates (including the
cost of legal advice and compliance consultants, in connection therewith), but not including any
placement agent fees.

THE SPVS

The SPVs shall pay, or reimburse the Firm and its affiliates for, for all expenses to the extent not
reimbursed by the portfolio company. In addition, the SPVs may charge the relevant portfolio
company for any expenses (including those of any partner) to the extent Cypress Ridge
reasonably determines such expenses are attributable to the portfolio company or the SPV’s
investment or liquidation thereof. Cypress Ridge may engage placement agents and incur
placement agent fees to be borne by the SPVs as Fund Expenses.

If any of the expenses listed above are incurred jointly for the account of more than one Client, such
expenses will be allocated among such Clients in proportion to each Client's net assets or the size
of the investment made by each to which such expense relates, or in such other manner as Cypress
Ridge, as applicable, considers fair and equitable.

Neither the Firm nor its employees accept compensation, including sales charges or service fees,
from any person for the sale of securities or other investment products.

Item 7: Types of Clients

Cypress Ridge’s Clients are the Funds. An investment in a Fund is open to, among others,
institutions, pension plans, endowments, high net-worth individuals, financially sophisticated
individuals, and other sophisticated Investors.

The minimum initial investment in a Private Equity Fund or the SPVs ranges from $0 to
$10,000,000 for third-party Investors, depending on the particular Fund. In most cases, Cypress
Ridge, as applicable, may, in its sole discretion, accept a lower initial investment from time to time.