DB Investment Managers Inc

Item 5 – Fees and Compensation

DBIM’s Fund Clients

DBIM provides investment advisory services to certain U.S. and non-U.S. unregistered pooled investment
vehicles structured as funds of funds. Currently, all of DBIM’s fund clients are in process of liquidating their
portfolios and interests in the funds are not being offered to new investors.

Page | 4

Fee schedules, account minimums and payment arrangements

As compensation for these investment advisory services, DBIM generally receives a quarterly management
fee, payable in arrears, in an amount equal to a percentage (generally ranging from 1% to 2% on an
annualized basis) of the net assets of the fund client, as detailed in the applicable fund client’s offering
materials. DBIM also historically received an annual performance fee or allocation, accrued monthly and
payable in arrears, in an amount equal to a percentage, generally ranging up to 10% of the amount by
which net profits exceed a hurdle of realized and unrealized net profits, subject to a "high water mark" such
that in the event the investor's series suffers a net loss in a particular performance period, no performance
fee is due until such net loss is first recovered taking into account interim redemptions and subscriptions.
Fees are prorated for partial periods. Management fees and performance-based fees and allocations may
be reduced, waived, rebated, or calculated differently with respect to certain investors in the fund of fund.

Effective as of January 1, 2009, DBIM has reduced the management fee it charges its fund clients by half
and waived the performance based fee to which it is entitled for the fund clients’ currently in liquidation.

The specific manner in which DBIM charges fees is established in a written agreement between the fund
client and DBIM. As a general matter DBIM does not calculate or invoice the management \ fee and has
not been conferred the authority to deduct fees directly from the fund clients. Rather, the fund client’s
administrator, appointed pursuant to a separate administration agreement, calculates and pays to DBIM
the investment management \ fees. The investment management agreement for each of the fund clients
expressly provides that DBIM has no right to withdraw or possess any funds or securities from any account
of a fund client except to transfer to another account held in the name of the fund client or to a broker or
counterparty of the fund client.

DBIM’s fees are exclusive of other operational expenses associated with a fund client. Investors in the fund
clients bear asset-based management fees and allocations at the Portfolio Fund level in addition to the fund
client's pro rata allocation of the expenses and charges by other service providers, including, but not limited
to:

    •   administrator's fees;
    •   custodial fees;
    •   legal fees;
    •   filing fees and expenses;
    •   accounting, audit, and tax preparation expenses;
    •   director's and conflicts advisory board fees;
    •   out-of-pocket expenses of the directors and administrator;
    •   interest expenses;
    •   currency hedging costs; and
    •   other investment and operating related expenses.

Other Compensation

DBIM and DBIM’s supervised persons do not earn commissions for the sale of securities or other
investment products. DBIM’s supervised persons receive a base salary along with an annual discretionary
bonus that is based upon a variety of factors including, but not limited to, the profitability of the parent
company, and DBIM businesses, and contributions of that individual to the success of the division and
DBIM related businesses.

Item 7 – Types of Clients

DBIM offers advice to a number of fund clients with respect to interests in limited partnerships, limited
liability companies, or other pooled investment vehicles set up in the form of other entities which, in turn,
invest in a variety of securities and financial instruments.

All of DBIM’s fund clients are in process of liquidating their portfolios and are not being offered to new
investors. DBIM does not intend to sponsor or advise any new fund clients.