Entrust Global Partners LLC

Item 5.    Fees and Compensation

The fee structure for each Fund is set forth in the offering documents for that Fund, or in the account
agreement for the relevant Strategic Partnership, as the case may be. Offshore serves as the management
company of the Funds for which EnTrust Global Partners LLC or Blue Ocean GP LLC serve as general partner
and, in exchange for providing certain administrative and managerial services, receives a management fee
from the Funds (the “Management Fee”). The Management Fee is calculated monthly and may vary for
different classes of limited partnership interests, limited liability company interests, or shares in the Funds
(collectively, the “Interests”), but generally ranges from 0.10% (0.40% per annum) to 0.50% (2.0% per annum)
of each limited partner’s capital account, the net asset value of a particular class of Interests, committed
(but unfunded capital) or invested capital, as the case may be.

In addition, the Advisor may receive an incentive fee/allocation (the “Performance Allocation”) on an
annual basis (or, in some cases, quarterly or as agreed to with investors) in certain classes of Fund interests or
for certain Funds, generally ranging from 5% to 20% per annum of net profits (typically 15% per annum for the
Blue Ocean Funds and certain other Funds, pursuant to a waterfall rather than an annual fee, as described
below). As set forth more fully in the offering documentation for a particular Fund, the Performance
Allocation for Interests in some Funds is subject to hurdle rates or clawback provisions. The Performance
Allocation is generally subject to the recoupment of unrecovered net losses incurred previously. For certain
of the Funds (including the Blue Ocean Funds), the Performance Allocation is typically structured as a carried
interest, payable after investors have received all of their capital contributions back, plus a preferred return,
and subject to a catch-up for the Advisor.

Investors in Funds where the Performance Allocation is charged at the overall Fund level or to a particular
class as a whole should note that as equalization or series accounting is not used, the Performance Allocation
will be based on the overall performance of the Fund or class of Interests, as applicable, as opposed to the
specific performance of the shares held by a particular Investor.

The Advisor, in its sole discretion, may waive or reduce all or any portion of the Management Fee and/or
Performance Allocation for certain investors in the Funds. New Interests may also be created with different
fee structures. For Strategic Partnerships, fees generally will track the range of Management
Fees/Performance Allocation for the Commingled Funds depending on the amount of assets in the account
or as may be negotiated. Any Performance Allocation for a Strategic Partnership will be subject to
negotiation between the Advisor and the investor.

In addition, the Advisor and/or Funds may, without notice to investors, enter into agreements with certain
investors who, in the Advisor’s judgment, make a significant investment in a Fund, granting them, among
other things, greater portfolio transparency, fee waivers or reductions, additional rights to reports or other
information and other more favorable investment terms than the terms set forth in the offering
documentation. The Funds have the power to create different classes of Interests for certain substantial
investors and may create additional classes having different rights for the purpose of implementing such
agreements. For example, such additional classes of Interests may have different voting rights, management
fees or performance compensation arrangements. In offering more favorable investment terms to certain
investors, the Advisor and/or Funds shall have no obligation, subject to any applicable “most favored
nations” agreements, to offer such additional rights, terms or conditions to any other investors.

Each Fund’s expenses are set forth in the respective offering documents for the particular Fund and may
include, the Management Fee and the Performance Allocation (if applicable); fees of the Fund’s
independent auditors, legal counsel and Administrator; fees for the maintenance of the Fund’s books and
accounts, including license fees and costs associated with any software used to maintain the books and
records of the Fund, including portfolio management, risk management and investor reporting and
technology expenses; fees of any separate accountants retained for the Fund and fees paid pursuant to the

Services Agreement (see discussion below on the Services Agreement); registration, licensing and custodian
fees; taxes (including withholding and transfer taxes); bank service fees; insurance premiums; organizational
expenses; governmental fees, preparation and distribution of investor reports and other communications with
investors and the public, the costs incurred in connection with marketing the Fund Interests (including but not
limited to travel, car service, car rental and parking and lodging expenses incurred in attending conferences
and related business entertainment at such conferences, and presentations with investors and prospective
investors), the cost of updating the Fund’s offering documents, professional fees of consultants (including risk
management and compliance consultants and, where appropriate/applicable, valuation experts, agents
and ratings agencies) incurred in connection with the operations of the Fund, manager research costs and
background checks, subscription fees for market data services, databases, investment data and other news
to assist business development efforts and related research expenses and other due diligence tools (including
travel and expenses in connection with monitoring and conducting due diligence on investments) and the
costs and expenses of securing and maintaining any line of credit or liquidity facility, including interest
...

Item 7.    Types of Clients

The Advisor’s clients are noted in response to Item 4 above. The minimum initial investment amount for the
Funds (or capital commitment amount, as applicable) is set forth in the offering documentation for the
particular Fund. Minimum investment requirements are subject to waiver or reduction in the sole discretion
of the Advisor (subject to any requirements imposed by applicable law). For certain Funds, the Advisor may
refuse to permit a partial withdrawal if the withdrawing investor’s remaining capital account balance or the
value of the investor’s Interests, as the case may be, would be less than an amount set forth in the offering
documentation, as applicable. In addition, each prospective investor must satisfy the accreditation
requirements set forth in the offering documents of each Fund in which the Investor intends to invest.

Investors in the Funds may include public, corporate and Taft-Hartley pension funds, foundations,
endowments, sovereign wealth funds, insurance companies, high net worth individuals and family offices or
other investors. In addition, the Advisor may provide investment advisory services to Strategic Partnerships
for the benefit of such types of investors. Minimum account sizes for such accounts are subject to negotiation.