Darcyville Management LP

5. Fees and Compensation

Management Fees are charged to each Fund as a percentage of the assets under management.
The percentage used is determined by each Fund and is defined in the Shareholders and
Management Agreements of the specific Fund; in general, for the first 5 years assets under
management is defined as the capital commitment of the investors after which assets of
management is based upon the invested capital at the beginning of each management fee period.

The Fund is closed ended, which means the investors are unable to withdraw their money at will,
and investors pay the Fund the management fee which is used to pay the Advisor’s management
fee. If the Fund under management chooses to terminate its agreement with ECP, ECP will
repay the pro-rated amount of the prepayment to the Fund.

The Advisor and its personnel do not receive any compensation for the sale of securities or other
investment products.

7. Types of Clients

The Advisor’s specific clients are investment funds.

Due to the risks associated with investments in private equity and specifically funds invested in
emerging markets, investors in the Fund must be of a sufficient sophistication to understand the
risks involved and be able to bear the loss of their investments. Because of these requirements,
ECP therefore limits its investors in the Fund to institutional investors, development finance
institutions, investment banks, pension funds, high net worth individuals, family offices and fund

of funds. All investors in the Fund must be able to represent that they meet certain minimum
wealth, net worth and/or sophistication requirements.

The minimum investment required in the Fund is governed by the Shareholders Agreement of
the Fund and generally the Advisor, at its discretion, may accept a lower amount. It is the
standard policy of this Advisor that the minimum commitment from an investor must be at least
five hundred thousand (500,000) USD.

All investors in the Fund must also be able to provide the documentation and certifications
necessary to meet the “Know Your Clients” best practices for the United States, the European
Union/Luxembourg, the Republic of Mauritius and the United Kingdom of Great Britain and
Northern Ireland.