DHM Partners LLC

Item 5 – Fees and Compensation

The Adviser or its affiliates generally receive management fees and carried interest or performance-based
fees from a Fund. A Fund, and/or its portfolio companies also typically reimburse the Adviser and its
affiliates for certain expenses and/or make other payments to the Adviser or its affiliates for services
provided to the Fund and/or its portfolio companies, which, in certain circumstances, reduce the
management fees payable to the Adviser. Additionally, consistent with the Governing Documents of a
Fund, the Fund typically bears certain out-of-pocket expenses incurred by the Adviser in connection with
the services provided to the Fund and/or the portfolio companies. Details about such fees and expenses are
contained in the Governing Documents of a Fund. Further details about certain common fees and expenses
are set forth below.

Management Fee

Pursuant to the Governing Documents with each Fund, the Adviser is entitled to an annual management fee
typically calculated based on a percentage of committed capital or remaining invested capital with respect
to such Fund. Management fees with respect to the Funds are payable quarterly in advance. Management
fees are typically reduced during the life of a Fund. Management fees paid by a Fund are indirectly borne
by the limited partners in such Fund but such management fees are added to the cost of investment prior to
any performance-based fees (as discussed below in Item 6) taken by the Adviser. Investors participating in
a closing after a Fund’s initial closing date bear management fees from the initial closing date, generally in
addition to an interest component payable to the Adviser or an affiliate thereof.

The precise amount of the timing and the manner and calculation of, and the annual management fee (and
the terms of the reimbursement of expenses) for each Fund are set forth in such Fund’s Governing
Documents. Management fees may differ from one Fund to another, as well as among limited partners in
the same Fund.

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The management fees and other fees described herein are generally subject to modification, waiver or
reduction by the Adviser in its sole discretion, both voluntarily and on a negotiated basis with selected
limited partners via Side Letter and other arrangements, which may not be disclosed to other investors in
the same Fund. With respect to certain Funds as set forth in more detail in such Fund’s Governing
Documents, the management fees are generally reduced by 100% of placement agent fees, excess
organizational expenses and/or the receipt by the Adviser or its related persons of various fees paid by
actual or prospective portfolio companies (as described below). The management fee and other fees with
respect to the Funds are generally subject to waiver or reduction by the Adviser in its sole discretion. The
amount and manner of any such reduction, if any, is set forth in the Governing Documents of the applicable
Fund. The fee structures described above may be modified from time to time as allowed by a Fund’s
Governing Documents. The Adviser directly invoices the limited partners of each such Fund for their
portion of the management fee. In the event an Advisory Agreement is terminated, any fees paid in advance,
and not yet earned, will be handled in a fair and equitable manner as determined by Adviser in its sole
discretion. In accordance with the terms of the Governing Documents for each Fund, the Adviser has the
right to waive or reduce the management fee with respect to certain investors in the Executives Entities
relating to such Funds. The GP Entities and Associates Entities do not pay a management fee.

As described above, the Adviser is permitted to waive or reduce all or a portion of the management fee paid
by a Fund in full or partial satisfaction of any obligation of the general partner and certain employees and
former employees of the Adviser or its affiliates, certain business associates, other “friends of the firm,” or
other persons to invest in and alongside such Fund. Any such waived or reduced portion of the management
fee may be treated as a deemed capital contribution by the general partner and its affiliates in respect of the
general partner’s commitment after the date such waived amount would otherwise be due and reduces the
amount of capital the Fund’s general partner would otherwise be required to contribute to such Fund as part
of its commitment. A Fund’s investors other than the general partner are required to make a pro rata
contribution according to their respective capital commitments to the Fund. Any contribution that would
otherwise be required of a Fund’s general partner in connection with any such waiver or reduction as
described above and, as a result, the exercise of such waiver results in an acceleration of investor capital
contributions. Waived or reduced management fees generally are not subject to any reduction of the
management fee described below. Due to waived or reduced management fees by a Fund’s general partner
and/or timing of receipt of compensation subject to management fee offsets (as described herein), it is
possible that such offsets will not be fully realized by investors in such Fund until liquidation of the Fund
and the refunding of any unapplied offset (as described below) and will result in a benefit to the general
partner until such liquidation.

Where the Governing Documents calculate management fees based on the amount of commitments or the
amount of invested capital, the amount of management fees generally will not be reduced based on
reductions in investment value, except where specified by the relevant Governing Documents, such as in
cases where an investment is determined to have no realizable value (as further described below) or in
events that do not constitute a complete realization such as a partial sale or disposition, reorganization,
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Item 7 – Types of Clients

The Adviser provides investment advisory services to pooled investment vehicles exempt from registration
under the 1940 Act, which are organized as limited partnerships and for which an affiliate of the Adviser
serves as general partner or controls the general partner. Investment advice is not given to the limited
partners of the Funds.

Investors in the Funds typically include endowments and foundations, corporate and public pension funds,
private funds, financial institutions and family offices.

There is typically a minimum dollar amount requirement for the creation of a new Fund, which is decided
by the applicable Fund general partner. This amount varies by Fund and is not a specified amount set by
the Adviser. Additionally, there is generally a minimum investment amount for the limited partners within
each Fund discussed in the applicable Fund’s Governing Documents. The applicable Fund general partner
reserves the right to, and periodically does, waive the minimum investment amount for the limited partners.

The Funds have in the past entered into, and expect to enter into in the future, Side Letters with investors
in the Funds that have the effect of establishing rights under or altering or supplementing the terms of the
Governing Documents of a Fund as they apply to a particular investor in that Fund. As a result of such Side
Letters, to the extent permitted under applicable law, certain investors can receive additional benefits that
other investors will not receive.