Fintan Partners LLC

Item 5 - Fees and Compensation

General

We are allocated (1) a quarterly management fee (paid in advance) equal to 0.25% (1.0% per
annum) of the aggregate amount in the capital accounts of all limited partners of the Domestic
Fund and the value of each limited partner’s interest in any designated investment as of the first
day of each quarter; (2) a quarterly advisory fee equal to 0.25% (1.0% per annum) of the net asset
value of each series of shares of the Offshore Fund as of the beginning of each quarter;
(3) a quarterly advisory fee equal to 0.1875% (0.75% per annum) of the net asset value of each
series of shares of the Institutional Fund as of the beginning of each quarter; (4) a quarterly
management fee (paid in advance) equal to 0.125% (0.5% per annum) of the aggregate amount
in the capital accounts of all limited partners of the Specialty Credit Fund II; The Irusan Fund does
not charge a management fee.

As set forth in Item 6 below, we are also allocated/paid certain incentive and performance-based
fees with respect to the Feeder Funds, and the Irusan Fund.

Our fees are usually non-negotiable. However, we have the right to reduce or waive any fees
and/or allocations chargeable to any limited partner’s or shareholder’s account without the
consent of or notice to any other limited partner or shareholder. In addition, we have the right to
share, participate or assign any fees, and/or allocate chargeable to any limited partner’s or
shareholder’s account that would otherwise be payable to us from the Domestic Fund, the
Offshore Fund, the Institutional Fund, the Specialty Credit Fund II, and/or the Irusan Fund (as
applicable).

Including and in addition to the foregoing rights with respect to fees and/or allocations, and subject
to the organizational documents of the Funds and applicable law, we have and may, without the
approval of any other partner or shareholder, enter into side letters or similar written agreements
with one or more partners or shareholders that have the effect of establishing rights under, or
altering or supplementing the terms of, the organizational documents of the Funds. Any rights
established, or any terms of the organizational documents of the Funds altered or supplemented,
in such agreement with a partner or shareholder shall govern with respect to such partner or

shareholder notwithstanding any other provision of the Funds’ organizational documents.

Fee Payments

Fees are deducted directly from the Funds’ assets.

Other Fees

The Funds are responsible for all operating expenses of the Funds, including, but not limited
to, organizational expenses, legal, audit, accounting fees, insurance premiums, regulatory
filing fees, custodial, administration, other fees, and commissions. Each Feeder Fund is also
responsible for its share of expenses directly related to the purchase and sale of securities by the
Master Fund. In addition, the Funds may be responsible for expenses related to the
indemnification of certain parties in connection with the business of the Funds.
Advance Payment of Fees

We are paid the fixed advisory fee and fixed management fee, as described in Item 5
above, in advance on the first day of each quarter.

In the event a Fund investor withdraws from the Domestic Fund, the Specialty Credit Fund I, the
Specialty Credit Fund II, the Irusan Fund, or redeems its shares from the Offshore Fund or the
Institutional Fund intra- quarter, a pro rata portion of the advisory/management fee will be
returned to the investor based upon the number of days left in the quarter.

Fees and Compensation from the Sale of Securities or Mutual Funds

Neither the Adviser nor any supervised person accepts compensation from the sale
of securities or mutual funds.

Item 7 - Types of Clients Our sole clients are the Funds

The Funds require each investor to be sophisticated in financial and business matters generally
and in investing in securities. In addition, each U.S. investor must be an “accredited investor,” as
that term is defined in Rule 501 of Regulation D, adopted pursuant to Section 4(2) of the Securities
Act of 1933, as amended, and must also be a “qualified purchaser,” as that term is defined in
Section 2(a)(51) of the Investment Company Act of 1940, as amended. Each U.S. investor, by virtue
of being a “qualified purchaser,” also meets the Funds’ requirement that each investor be a
“qualified client,” as defined in the Advisers Act. The minimum initial subscription for interests in
the Domestic Fund and for shares in the Offshore Fund and the Institutional Fund, and the
minimum additional subscription, is $1,000,000 (subject to our right to waive these minimums;
provided that, in no event, will initial subscriptions of less than $100,000, or such other amount
as may be prescribed by the Cayman Islands Monetary Authority from time to time, be accepted
on behalf of the Offshore Fund or the Institutional Fund). In the case of a partial withdrawal, a
limited partner in the Domestic Fund, or a shareholder in the Offshore Fund or the Institutional
Fund, must maintain a capital account or share value, as applicable, of not less than $1,000,000
after giving effect to the partial withdrawal (subject to our right to waive these minimums). The
minimum capital commitment for interest in the Specialty Credit Fund II is $5,000,000 (subject to
the General Partner II’s right to waive the minimum). The minimum initial subscription for
interests in the Irusan Fund is $50,000 (subject to our right to waive the minimum).