E Capital Management LP

Item 5 – Fees and Compensation

The Advisor charges a fee for serving as general partner of the Advisor Managed Funds. In
the case of an Advisor Managed Fund that makes hedge fund investments, the Advisor
charges either 0.0%, 0.5% or 1.0% per annum of the net asset value of assets under
management (the “HF Management Fee”), depending on the fee percentage applicable to a
particular class of interests of such fund. In the case of Advisor Managed Funds that make
private equity investments, the Advisor charges either 0.0%, 0.5% or 1.0% of net invested
capital (the “PE Management Fee” and, together with the HF Management Fee, the
“Management Fees”), depending on the fund. The Management Fees are negotiable in that
they may be waived or reduced at the Advisor’s discretion. Management Fees are generally
waived for certain affiliated investors or for certain classes of interests.

Management Fees are calculated either quarterly in advance and deducted monthly in
arrears or calculated annually in advance and deducted monthly in arrears, depending on
the type and vintage of the Advisor Managed Fund.

Advisor Managed Funds invest in one or more non-affiliated pooled investment vehicles
which may include limited partnerships, joint ventures, investment companies and other
similar entities managed by professional specialized fund managers that utilize a broad
range of investment strategies (“Portfolio Funds”), exchange traded funds and in managed
accounts. Assets invested in Portfolio Funds, exchange traded funds or in managed accounts
are separately subject to management and/or incentive fees which may be imposed by those
managers or entities directly and which are in addition to the Management Fees. The
Advisor does not share in any such other fees.

The Advisor Managed Funds incur all expenses in connection with their organization and the
offering of interests. Each Advisor Managed Fund also pays all direct expenses relating to its
operation. Such direct expenses include, but are not limited to, accounting, tax, auditing and
legal expenses; fees paid to a third party administrator; certain investment expenses
(including investment related due diligence expenses); insurance expenses; interest and
taxes paid by the Advisor Managed Fund (but not by the partners of such Advisor Managed
Fund); the costs of maintaining the Advisor Managed Fund’s existence under Delaware law;
the cost of any borrowings from affiliated funds or other third party lenders; any filing or
other fees paid in connection with the filing of the Advisor Managed Fund’s organizational
documents, any amendment to such organizational documents and any other required filings
(including Form PF filing expenses); banking fees; and a portion of fees and out-of-pocket
expenses of any service company retained to provide systems and market research data to
the Advisor Managed Funds. Expenses of an Advisor Managed Fund are borne pro rata by
all investors in such Advisor Managed Fund in accordance with their respective ownership
interests.

Item 7 – Types of Clients

The Advisor provides advisory services only to affiliated pooled investment vehicles which
include the Advisor Managed Funds and any future investment pools formed by the Advisor
or its affiliates.