Dundee Maestro Management LP

Item 5. Fees and Compensation
The fees and expenses applicable to an investment are set forth and agreed to in the specified Client
governing documents, which may include a private offering memorandum, limited partnership agreement,
subscription and operating agreement, and investment management agreement or other agreements
(collectively, the “Offering Documents”). Investors and prospective investors must carefully review the
Offering Documents of the Client in which they are invested or may invest, to review the specific fees and
expenses applicable to their investment.

The Adviser charges its Clients an asset-based investment management fee (the “Management Fee”) based
on the value of invested capital of each Limited Partner. The Management Fee is generally calculated and
payable quarterly in advance at an annual rate of 1.0%. In addition, the general partner of the Clients are
eligible to receive carried interest of 15% of the profits of the Clients, subject to an 8% preferred return and
general partner catch-up. In addition, the Clients bear all costs and expenses of the respective Client’s
operations, including but not limited to, legal and other expenses incurred in the formation of the Clients
and the offering of the interests, as set forth in the Offering Documents. Generally, placement fees will be
borne by the general partners or managers of the Clients (through an offset against the Management Fee or
otherwise), but with respect to certain Clients, investors introduced via certain placement agents will bear
an additional placement fee

The exact terms of these fees and expenses are set forth in the relevant Offering Documents. The Adviser,
in its sole discretion, has and may in the future waive or modify the Management Fee and the performance-
based fee for Investors that are members, employees or affiliates of the Adviser, relatives of such persons,
and for certain large, strategic or other Investors.

Item 7. Types of Clients
As discussed in Item 4, the Adviser provides investment management services to private fund Clients,
interest of which are in turn offered exclusively to sophisticated Investors.

Any initial and additional subscription minimums for investors will be disclosed in the applicable Clients’
Offering Documents.