Five Points Capital LLC

Item 5: Fees and Compensation.

Fees For Pooled Investment Advisory Services

The Funds generally pay the Adviser an annualized management fee of up to 2.00%, as
set forth below, and as further described in each Fund’s offering documents (the
“Management Fee”). The Management Fee is paid quarterly in advance and is deducted
from the Fund. Generally, each Fund pays the Management Fee on capital committed by
the Fund’s investors for an initial period (e.g., the first five years of the Fund’s
existence), and thereafter, the fee percentage is typically applied only to the amount equal
to the Fund’s invested capital, and also may be scaled down. The Management Fee is
generally subject to waiver or reduction by each General Partner in its sole discretion,
including in connection with investments made by the General Partner or its related
persons.

As of June 13, 2018, Five Points Small Buyouts Strategies I, LLC does not charge a
management fee.

Each Fund is also responsible for its organization expenses, including the fees, costs and
expenses of and incidental to the formation, qualifications to do business and fund raising
of the Fund, the applicable General Partner and the applicable Five Points Limited
Partner and the application to be licensed and the licensing of the Fund as an SBIC, as
applicable. This includes reasonable travel and other similar expenses incurred by or on
behalf of the General Partner, which may mean, with respect to future funds, the
expenses of employees of the Sister Companies incurred in assisting with fund raising of
the Fund.

In addition, each Fund is responsible for certain of its operating expenses including,
without limitation, legal, accounting, tax, auditing and administrative fees, as outlined in
its offering documents. To the extent the Adviser or its affiliates provide and are
compensated for any of the foregoing services not covered by the Management Fee, such
payments may offset the Management Fee, as described in each Fund’s offering
documents. Each Fund is also responsible for brokerage commissions and custodial fees
paid to third parties.

In the event of a termination of a Fund’s investment advisory agreement, fees will be
prorated. Any paid but unearned fees will be promptly refunded to the Fund, and any
fees due to the Adviser from the Fund will be invoiced or deducted from the Fund’s
account prior to termination.

Notwithstanding the foregoing, the Adviser may negotiate or set a management fee
different from the foregoing with respect to any Fund it manages.

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Institutional Investor Advisory Services Fees
The Adviser’s fees for Institutional Investor Advisory Services are negotiated
individually with each client.

Additional information related to the foregoing Fee discussion is set forth below under
“Performance-Based Fees and Side-By-Side Management” and “Brokerage Practices”.

Item 7: Types of Clients

The Adviser currently provides investment advisory services solely to the Funds, subject
to the direction and control of the General Partner of each Fund, and not individually to
the investors of a Fund.

Interests in the Funds are offered pursuant to applicable exemptions from registration
under the Securities Act and the 1940 Act. Permitted investors in the Funds may include
high net worth individuals, banks, thrift institutions, pension and profit-sharing plans,
trusts, estates, charitable organizations and other business entities.

The minimum investment requirement for a Fund offered by the Adviser varies from
Fund to Fund, but typically begins at $250,000. However, the General Partner of each
Fund, in its sole discretion, may permit investments that are less than the required
minimum investment commitment set forth in the applicable Fund’s offering documents.

Differential Business Terms and Access to Information

The Adviser may allow certain investors to invest in a Fund on different business terms
than other investors. For example, one Fund may agree to provide certain investors
additional or different information from the information made available to the investors
in that Fund. The Adviser also may agree to provide certain investors with a fee
arrangement that differs in structure and amount from that generally available to investors
in the same Fund. In determining whether to allow an investor to participate in a Fund on

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different business terms, the Adviser may consider a number of different factors
including, but not limited to, the Adviser’s belief about whether the different terms will
adversely affect the other investors in the relevant Fund considered as a group; such
investor’s objectives in requesting or accepting such terms; whether such investor is
under legal, regulatory or “best practices” obligations to request such terms; and/or
whether granting such terms is in any respect inconsistent with representations made by
the Fund or the Adviser to investors.