Epilog Partners LP

ITEM 5 – FEES AND COMPENSATION

Fund Management Fees

During a Fund’s investment period, each Fund will typically pay its respective General Partner an annual
management fee (“Management Fee”) and carried interest (“Carried Interest”). The Management Fee is
typically calculated based a percentage of committed capital based of such Fund. The precise amount of,
and the manner of and calculation of, the Management Fee are set forth in the Fund’s Governing
Documents.

The Management Fee is paid out of capital contributions of the Limited Partners, by application of
otherwise distributable proceeds or available cash or assets or reserves of the Fund, which will reduce the
unpaid commitments of the Limited Partners, or from a Fund credit facility.

Fund Investors are permitted to negotiate different Management Fees and other fee arrangements, rebates
or offsets. Investors and prospective Investors should refer to the Fund Governing Documents for a detailed
description of fees.

Similar investment advisory services may be available from other investment advisers for higher, similar
or lower fees.

Management Fee Offsets

Consistent with a Fund’s Governing Documents, the Management Fee will be reduced (but not below zero)
by the Fund’s Allocable Share of Other Fees (as defined below under “Portfolio Company Fees”). The
precise amount of, and the manner of and calculation of, the offsets are set forth in the Fund’s Governing
Documents.

Carried Interest

As further described in Item 6 – Performance-Based Fees and Side-by-Side Management below, in addition
to the Management Fee, each Fund (and indirectly, Investors in the Fund) is required to pay to the General
Partner certain performance-based compensation (“Carried Interest”). The precise amount of, and the
manner of and calculation of, the Carried Interest are set forth in the Fund’s Governing Documents.

Fund Expenses

The Funds generally pay all costs and expenses relating to its activities and operations (to the extent not
borne or reimbursed by a Portfolio Company); fund expenses are described more fully in the Fund
Governing Documents.

Manager Expenses

The Firm will bear all routine overhead expenses of the Manager, including, without limitation, rent,
utilities, compensation and benefits of employees, office furniture, fixtures, computer or other equipment
and any bookkeeping expenses related to the General Partner or the Manager.

ITEM 7 – TYPES OF CLIENTS

As noted in Item 4 – Advisory Business, Epilog provides investment advisory services to the Funds, which
are single company SPVs operating as private investment funds exempt from registration under the
Investment Company Act. Each Investor in a Fund must meet the eligibility provisions outlined in Item 4
above. Investments in the Funds may be subject to a minimum initial investment amount per Investor,
subject to increase, decrease or waiver at the discretion of Epilog and the General Partner of the Fund.