Dextra Advisors LLC

Item 5 – Fees and Compensation

Dextra and its affiliated General Partners receive fees and compensation in exchange for
advisory services provided to the Funds, including management fees, carried interest, and
in certain cases, additional compensation in connection with services performed for the
portfolio investments of the Funds. The Funds are also responsible for bearing certain

expenses as detailed below and in each Fund’s Governing Documents. The following is a
general description of fees, compensation and expenses expected to be borne by the Funds.
Investors should refer to the Governing Documents of the applicable Fund for a complete
understanding of how Dextra is compensated for its advisory services; the information
contained herein is a summary only and is qualified in its entirety by such documents.

Management Fees

Dextra charges each Fund a management fee (the “Management Fee”), assessed quarterly
in advance, which differs in amount depending on the Fund and which is described in the
Governing Documents of the relevant Fund. Depending on the Fund, the Management Fee
is calculated as a percentage of a non-affiliated investor’s capital commitment to the Fund
or net invested capital, which in some cases is dependent on the lifecycle of the relevant
Fund, and only with respect to investments that have not been disposed of or permanently
written off. The amount of Management Fees will not correspond with fluctuations in the net
asset value of individual investments, aggregate investments in a portfolio company or of a
Fund, including following the stepdown date, and will not be reduced in connection with any
write-downs, except in the case of investments that have been permanently written down.
Permanent write-down determinations are made in the discretion of the Valuation
Committee in accordance with the relevant Governing Documents and the Firm’s valuation
policy. Except where the Governing Documents expressly provide to the contrary,
Management Fees will not be reduced (in whole or in part) in the case of partial distributions,
partial sales of investments, reorganizations, restructurings, roll-over of investments or
similar transactions, in each case in circumstances that do not result in the complete
disposition of the relevant Fund’s interest therein, and even in cases where the value of such
Fund’s investment or ownership percentage in a portfolio company has been reduced as a
result of such transaction. In some circumstances, the post step-down Management Fee
base will include capitalized transaction-specific fees and expenses of unrealized
investments, including transaction fees charged by Dextra in connection with the
investment, which poses a conflict of interest in that the inclusion of such fees and expenses
results in a higher Management Fee than if such transaction fees and expenses were not
capitalized into the asset base.

The General Partners are permitted, in their discretion, to waive in whole or in part the
Management Fee payable with respect to limited partners that are key persons, employees
or affiliates of Dextra, consultants or advisors to, directors of or family members of any such
persons, or certain other significant or strategic investors.

Management Fees are generally reduced by, as applicable: (i) the amount of fees paid by a
Fund to entities or persons acting as a placement agent in connection with the offer and sale

of interests in such Fund; (ii) costs incurred by Dextra in connection with the organization of
a Fund that exceed a limit as specified in such Fund’s Governing Documents; (iii) an
allocable portion of origination, acquisition, disposition, break-up, commitment, financing,
advisory, consulting, directors’, monitoring fees and other similar fees (“Special Income”)
earned with respect to an investment, proposed investment or portfolio partnership realized
by Dextra, a General Partner, sponsor, key person(s) or their respective officers, directors,
managers, employees or affiliates, net of any unreimbursed transaction and out-of-pocket
expenses with respect to a transaction, whether consummated or not consummated.

Any such reduction as a result of Special Income shall be applied to reduce the amount of
the Management Fee assessed against each limited partner in respect of which the
Management Fee is being assessed pro rata based on their respective capital commitment
percentages or on such other basis as Dextra determines to be equitable.

To the extent that such an offset credit would reduce a Fund’s Management Fee for a given
quarter below zero, the credit will be carried forward for future application against payable
Management Fees, and if a credit remains upon dissolution, a payment will be made to
limited partners that have not elected to waive such amount for tax or other reasons.

Carried Interest

Each Fund’s General Partner or Special Limited Partner, as applicable, is entitled to be paid
carried interest (“Carried Interest”) with respect to the Funds, which is based on a
percentage of certain realized profits, subject to an annually compounded preferred return
(or hurdle) and reimbursement of capital called to pay certain Fund expenses, including
Management Fees and general partner catch-up provisions. Each Fund’s Carried Interest
arrangement differs as further described in the relevant Fund’s Governing Documents and
more briefly in Item 6, below.

Fund-of-One Mandates

Fund-of-one mandates pay management fees and performance fees to Dextra as negotiated
on a case-by-case basis and reflected in the Governing Documents for each such fund-of-
one.

Fund Expenses

Each Fund is governed by its own Governing Documents, which details a description of
expenses payable by such Fund. While differences will exist among Funds, the following is
a description of expenses generally charged to each Fund:

•   Organizational Expenses (as defined below);

•   the Management Fee;
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Item 7 – Types of Clients

Dextra provides investment advice to the Funds. The Funds are exempt from registration
under the Investment Company Act of 1940, as amended, and the rules and regulations
promulgated thereunder (“Investment Company Act”) and limit their respective investors to
(i) “accredited investors” as defined in the Securities Act of 1933 (the “Securities Act”), and
(ii) “qualified purchasers” or “knowledgeable employees,” each as defined in the
Investment Company Act, or (iii) if applicable, “qualified clients,” as defined in the Advisers
Act. Investors in the Funds must also meet certain other suitability qualifications prior
to making an investment in a Fund. The Funds are not registered or required to be
registered under the Investment Company Act, are not made available to the general public,
their securities are not registered or required to be registered under the Securities Act and
Fund interests are privately placed to qualified investors. Qualified investors include
individuals or entities to which Fund interests are permitted to be sold, which generally
includes (i) in the United States, people or organizations who meet certain net worth, income
and/or financial sophistication requirements as described above or (ii) in other countries, as
permitted by the relevant securities laws in such jurisdiction and in compliance with any
foreign offering provisions applicable to Dextra and/or the Funds. The Funds require
minimum capital commitments from each investor of at least $5 to $10 million, depending
on the Fund, although the applicable Fund’s General Partner has discretion to accept lesser
amounts.

The investors participating in the Funds include high net worth individuals, other investment
entities, university endowments, family offices, pension and profit-sharing plans, trusts,
estates or charitable organizations, fund-of-funds, corporations, limited partnerships,
limited liability companies, other business entities, service providers retained by Dextra,
and, directly or indirectly, principals and other employees of Dextra, its affiliates and
members of their families.