DME Advisors LP

Item 5.        Fees and Compensation

Management Fee and Performance Allocation

       We receive from Solasglas a monthly management fee (the “Management Fee”) at an
annual rate of 1.5% of the value of the investment portfolio (as defined in the Limited
Partnership Agreement) (the “Investment Portfolio”) attributed to each Greenlight Re
subsidiary, valued and payable as of the beginning of each month (0.125% per month). We may
waive or reduce the Management Fee.

        Our affiliate, DME Advisors II, LLC (“DME II”), receives from Solasglas a
performance-based profit allocation (the “Performance Allocation”) on the positive performance
change of each Greenlight Re subsidiary’s investment equal to 20% of net profits calculated per
annum, subject to a loss carryforward provision. That provision allows DME II to earn a reduced
Performance Allocation of 10% on profits in any year subsequent to the year in which the
investment of a Greenlight Re subsidiary incurs a loss, until all the losses are recouped and an
additional amount equal to 150% of the loss is earned. DME II is not entitled to a Performance
Allocation in a year in which the Investment Portfolio incurs a loss. However, DME II is entitled
to earn the reduced Performance Allocation in subsequent years to the extent we generate profits.
We may waive or reduce the Performance Allocation.

Expenses

        Solasglas pays, whether directly or through reimbursement of us and our affiliates, all
costs and expenses related to its investments and operations, including Solasglas’ pro rata share
of such costs and expenses incurred, which costs and expenses include, without limitation,
brokerage and other transaction costs, data fees, clearing and settlement charges, outsourced
trading service expenses, trade break fees, research (including research-related travel expenses
incurred with respect to specific potential or existing investments) and brokerage products and
services (including market data terminals, risk management services and order management
systems) that fall within Section 28(e) of the U.S. Securities Exchange Act of 1934, as amended

(the “Exchange Act”), legal fees and other expenses in connection with conducting due diligence
and negotiating the terms of investments (including investment-related travel expenses incurred
with respect to specific potential or existing investments), regardless of whether such
investments are consummated, custodial fees, administrator fees and expenses, third party
valuation services, expenses and costs of expert networks, expenses and costs of obtaining
surveys, analysis or other data sets from third parties related to prospective investments or
sectors in which Solasglas may invest, initial and variation margin, interest and commitment fees
on debit balances or borrowings, stock borrowing fees and proxy solicitation expenses, legal
costs and expenses, audit and tax preparation expenses, accounting fees, insurance expenses
including costs of any liability insurance and fidelity bonds obtained on behalf of Solasglas or
officers’ and directors’ insurance, indemnification expenses, government and regulatory costs
and expenses (including filing and license fees and preparation and submission of filings and
licenses, including without limitation, Form PF preparation and filing fees) in connection with
specific investments or offering interests in Solasglas, any issue or transfer taxes chargeable in
connection with any securities transactions, any entity level taxes and fees, costs of reporting and
providing information to investors (including updates to offering documents), costs of
maintaining recognition as a professional fund, costs of maintaining registered agents and
registered offices, costs of litigation or investigation involving Solasglas’ activities and fees of
the administrator. A portion of these operating expenses may be shared with other investment
entities or accounts we and our affiliates manage on an equitable basis as determined in our and
our affiliate’s sole discretion.

        Neither our principals, members, managers, directors, officers and employees
(collectively, “supervised persons”) nor we accept any compensation for the sale of securities or
other investment products.

       For a further discussion of these and related items, see Item 12 (Brokerage Practices).

Item 7.        Types of Clients

       We provide investment advisory services to Solasglas. We may in the future provide
investment advisory services to additional clients including, but not limited to, other pooled
investment vehicles, corporations, trusts, institutions, high net worth individuals, investment
companies, pension plans, sovereign wealth funds, family offices, foundations and endowments.

      For a further discussion of these and related items, see Item 4 (Advisory Business) and