Dreamers Management LLC

Item 5: Fees and Compensation

In general, each Adviser receives a management fee and a performance-based fee in connection with
advisory services to Funds. Each Adviser is also entitled to, in certain instances, additional compensation
in connection with management and other services performed for portfolio companies of Funds, and such
additional compensation offsets, in whole or in part, the management fees otherwise payable to the
Adviser as set forth in the corresponding Governing Documents of such Fund. Investors in a Fund also
bear certain expenses related to the organization and operation of such Fund.

The fees applicable to each of the Funds are set forth in detail in the corresponding Governing Documents.
A brief summary of such fees is provided below.

Management Fee

As compensation for its investment advisory services, the Adviser typically receives a management fee
(the “Management Fee” or “Management Fees”) from each of the Funds, which is generally equal to a
percentage of a Limited Partner’s capital commitments to such Fund (other than Limited Partners who
are Affiliates of the Manager). The fee percentage and/or the base upon which the fee is calculated varies
by Fund and will also vary over the life of the Fund, as negotiated, and determined at the time the Fund
is established and as set forth in its Governing Documents. The rate of the Management Fee generally
starts at two and a half percent (2.5%) annually for Funds and is then reduced upon occurrence of certain
events that are fully described in the Governing Documents of each Fund. Management Fees are payable
quarterly and in advance. Management fee is subject to proration in the event an Adviser is terminated
prior to the end of any such quarterly period. Management Fees are typically funded with capital
contributions drawn for such purpose but may also be funded with or withheld from proceeds from
investments.

Performance-Based Fee (the “Carried Interest”)

In addition, each Manager typically receives certain allocations and distributions calculated and charged
based on a share of capital gains on or capital appreciation of the assets of such Fund, as negotiated and
determined at the time such Fund is established and as set forth in its Governing Documents. These
allocations and distributions are commonly known as “carried interest” (the “Carried Interest”). Each
Manager generally does not receive Carried Interest until all investors have received aggregate
distributions equal to the sum of their capital contributions to the Fund. Management Fees and Carried
Interest distributions generally are not negotiable. However, each Adviser (or a Manager) has discretion
to reduce or waive Management Fees and/or Carried Interest distributions as set forth in the Governing
Documents of each Fund. Carried Interest distributions generally will be distributed to a Manager from
time to time upon the disposition of investments by a Fund and are distributed to such Manager in
accordance with the terms of the applicable Governing Document.

Manager Expenses

All routine overhead expenses of each Manager will be borne by such Manager, to the extent such
expenses are not allocable to the sourcing, investigating, identifying, developing, negotiating, structuring,
trading, settling, monitoring, purchasing, holding and disposing of any actual or potential investments of
the Funds, including expenses related to travel and accommodation, regardless of whether such
investments are subsequently consummated. The Managers and/or the Management Company shall
bear, and the Funds shall not bear, any regulatory compliance costs of the Managers or Management
Company which are not directly related to the Funds or their operations, including, without limitation,
expenses incurred in connection with the registration or other filings of the Management Company as an
investment adviser and other regulatory compliance costs.

Fund Expenses

All costs, expenses and losses of the organization and operations of each Fund will be borne by such Fund
(such expenses, “Fund Expenses”), whether arising prior or subsequent to the Initial closing, whether
incurred by such Fund, the Manager of such Fund, the Management Company or any of their respective
Affiliates, and associated with, without limitation, the formation, operation, dissolution, winding-up, or
termination of such Fund and any holding vehicles, alternate investment vehicles, or feeder vehicles,
including, without limitation: (i) out-of-pocket expenses associated with the organization of (A) the
Manager of such Fund and (B) the Fund or the syndication of interests therein, holding vehicles, alternate
investment vehicles, or feeder vehicles (or the syndication of interests therein) (the costs and expenses
set forth in this clause (i), collectively, “Organizational Expenses”); (ii) the out-of-pocket expenses
incurred in connection with maintaining the existence of the Manager of such Fund, the Fund and their
related vehicles (including holding vehicles, alternate investment vehicles, or feeder vehicles) and the
routine administrative expenses of the same, including all costs and expenses in connection with any
required registration or regulatory compliance by the Fund, holding vehicles, alternate investment
vehicles, or feeder vehicles; (iii) legal, accounting, audit, valuation, tax compliance, custodial, consulting
and other professional fees; (iv) banking, brokerage, broken-deal, registration, qualification, finders,
depositary and similar fees or commissions; (v) transfer, capital and other taxes, as well as charges, duties
and fees, and any other costs (including broken-deal, unconsummated deal and similar costs), incurred in
or related to sourcing, investigating, identifying, developing, negotiating, structuring, trading, settling,
monitoring, acquiring, holding, selling or otherwise managing or disposing, or hedging against changes in
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Item 7: Types of Clients

As described in Item 4 above, the Advisers provide investment advice to the Funds which are exempt from
registration as an investment company under the Investment Company Act, and whose interests are not
registered under the Securities Act.

The Funds are private investment partnerships or other investment entities formed under domestic or
foreign laws (typically the Cayman Islands). At this time, it is not anticipated that the Advisers would
provide advisory clients that are “retail investors” as defined by Rule 204-5(d)(2) under the Investment
Advisers Act of 1940, as amended (“Advisers Act”).

Investors in the Funds include institutions, sovereign wealth funds, pension funds, endowments,
foundations, family offices, health systems, consultants, private wealth platforms, insurance companies,
high net-worth individuals, trusts, funds of funds, and other sophisticated investors that meet certain
qualification requirements. Please note that investors in the Funds are not clients of the Advisers by virtue
of their investment in a Fund. The Funds generally have a minimum investment amount as further
described in the respective Fund’s Governing Documents for third-party Investors. The Advisers may
waive the minimum investment or contribution with respect to any Client in its sole discretion.

Interests in the Funds are currently offered on a private placement basis, and where applicable, in reliance
on Section 3(c)(1) and Section 3(c)(7) of the Company Act, to persons who generally are “accredited
investors” as defined under the Securities Act that are also “qualified clients” for purposes of the Advisers
Act (or qualified knowledgeable Adviser personnel), and who are subject to certain other conditions,
which are fully set forth in the offering documents of such Funds. Interests in, or shares of, non-U.S. Funds
are generally offered to persons who are not “U.S. Persons,” as defined under Regulation S of the
Securities Act, or who are tax-exempt U.S. Persons (or entities substantially comprised of tax-exempt U.S.
Persons) on a private placement basis, and who are subject to certain other conditions, which are fully set
forth in the offering documents of such Funds.