Foreword Capital LP

Item 5: Fees and Compensation

Foreword Capital is entitled to receive asset-based management fees from the Funds. In addition, the
General Partner is entitled to receive performance-based fees (if any) with respect to the Funds.

The fees applicable to each Feeder Fund are set forth in detail in each Feeder Fund’s Offering Documents.

A brief summary of such fees, expenses and compensation (all of which is qualified by and subject to the
language of each Feeder Fund’s Offering Document) is provided below.

Asset-Based Fees

The Funds pay the Investment Adviser an asset-based fee (the “Management Fee”) equal to 0.375% per
quarter (approximately 1.5% per year) without deducting or accruing the Performance Allocation for that
period. The Master Fund will calculate and pay the Management Fee, from the applicable sub-capital
accounts of the Feeder Funds, quarterly in advance on the first day of each calendar quarter, equal to the
applicable management fee percentage of the net asset value of each sub-capital account of each Investor
as of such date.

Management fees are generally prorated for partial periods (i.e., less than a quarter). Capital contributions
made on dates other than the first day of a calendar quarter will be assessed a pro rata management fee
at the time such capital contributions are made. Once paid, the management fee is non-refundable
(notwithstanding, for the avoidance of doubt, a subsequent withdrawal). Notwithstanding the foregoing,
in the case of a mid-quarter compulsory withdrawal or a mid-quarter liquidation of the Funds, Foreword
Capital will refund a pro rata portion of the management fee at the time of such compulsory withdrawal
or liquidation, as applicable.

Foreword Capital or the General Partner may reduce, waive or calculate differently the management fee
for certain Investors, including but not limited to, employees, and/or designated persons that are affiliates
of Foreword Capital, without notice to, or consent from, the other Investors.

Foreword Capital, LP                                                           Form ADV Part 2A

Item 7: Types of Clients

Foreword Capital provides investment advice to the Funds. The Offering Documents of the Feeder Funds
set forth the eligibility criteria and minimum investment requirements for Investors. Initial subscription
minimums are disclosed in the Offering Documents for the Feeder Funds, which may be waived at the
discretion of Foreword Capital.

Each Investor in the Feeder Funds generally must be (i) “accredited investors” for purposes of Regulation
D under the Securities Act, and (ii) “qualified purchasers” as defined in Section 2(a)(51) of the Investment
Company Act. The subscription agreement contains representations and questionnaires relating to these
qualifications.

The minimum investment for an Investor in the Feeder Funds is US $5,000,000. The minimum may be
waived by Foreword Capital in its sole discretion.