Glade Capital Management LP

Item 5: Fees and Compensation Management Fee for the Funds

As an investment adviser to the Funds, Glade receives a management fee dependent upon the particular
class of the Feeder Funds (or the Master Fund).

Glade is entitled to receive management fees, determined and payable as of the first day of each calendar
month.

Glade may reduce, waive or calculate differently the management fee for certain Investors in the Funds,
including but not limited to, members, employees and affiliates of Glade.

 Glade Capital Management LP                                                Form ADV Part 2A
Management Fee for the SPVs

As the investment adviser to an SPV, Glade intends to receive a management fee as outlined in the
applicable Offering Documents.

If applicable, management fees will be paid by each SPV based on the frequency specified in the applicable
Offering Documents.

Glade may reduce, waive or calculate differently the management fee for certain Investors in an SPV,
including but not limited to, members, employees and affiliates of Glade.

Other Fees and Expenses

Each Fund will pay or reimburse Glade for all of the following costs and expenses, and the costs and
expenses relating to Fund interests in the Master Fund, in accordance with the Offering Documents,
including:

Investment Program

All costs, fees and expenses related to the Funds’ or the Master Fund’s investment program, as well as
expenses related to any SPV formed for making or holding investments, including prospective Investments
whether or not consummated, including: the researching, making, holding, monitoring or disposing of
investments, including costs, fees and expenses related to research, due diligence, proxies, brokerage
commissions and borrowing charges on investments sold short; all research (e.g., all costs and expenses
of research reports, subscriptions to research services, research calls and meetings and research or
industry conferences) and market data, including alternative data, including any computer hardware,
software and connectivity hardware (e.g., telephone and fiber optic lines) incorporated into the cost of
obtaining such research and market data, and expert networks; transaction-related and settlement-related
expenses, which include all transaction-based expenses incurred in executing investments including
brokerage commissions, expenses relating to short sales, clearing and settlement charges, expenses
associated with consummating bank debt trades, dealer spreads, custodial fees, bank service fees, interest
expenses, and legal expenses associated with any potential transaction), outsourced trading, appraisal fees
and investment-related travel expenses, which are travel expenses related to the purchase, sale or
transmittal of, or due diligence regarding, investments, including business class or the equivalent with
respect to international travel, transportation, lodging, meals, admission costs for attending conferences
related to such investments and other similar costs and expenses; investment banking fees and expenses,
such as underwritings and private placement expenses; interest on, and commitment fees and expenses
arising out of, debt balances or borrowings (including stock borrowings) and banking and custody fees;
fees of consultants and finders relating to investments; and any attorneys, appraisers, accountants,
consultants (including consultants in specializations such as executive talent and human resources,
management, operations, manufacturing, procurement, technology, sales, marketing, acquisition due
diligence, integration/rationalization or other types of operations) or other experts, as well as other
expenses, related to investments.

Sale of the Interests in the Funds

Expenses incurred in connection with the offering and sale of Fund interests, including legal, accounting
and administrative fees, printing costs, expenses related to preparing Offering Documents and other
marketing materials, (other than any fees payable to any placement agent, which will be paid by Glade
either directly or indirectly by reducing the management fees owed to Glade), the cost of negotiating and
documenting any related documentation (including compensation arrangements and side letters), costs of
reporting and providing information to existing and prospective Investors, costs of structuring and
documenting any seeding arrangement, expenses related to the negotiation of and compliance with side
letters, travel expenses (including business class or the equivalent with respect to international travel,
transportation, lodging, meals and Investor entertainment) related to the Funds’ offering, registration and
other filing fees (including any Form D and “blue sky” filing fees) to the extent such fees are directly
related to the Funds’ activities, other out-of-pocket expenses, the cost of compliance with any applicable
federal, state and other laws directly related to the Funds’ activities, additional agreement negotiations

 Glade Capital Management LP                                                  Form ADV Part 2A
and other similar expenses.

Regulatory Compliance

All costs, fees and expenses incurred by the Funds, Glade, the General Partner, the Master Fund or their
respective affiliates directly related to the Funds’ organization, operations and investments, including the
costs, fees and expenses associated with compliance, regulatory filings or regulatory and governmental
inquiries of the Funds including: all costs, fees and expenses associated with any investigations, responding
to any subpoenas, participating in any proceedings, entering into any settlements or disgorging any profits
(i) for activity involving the Funds, or, to the extent the conduct is not disqualifying conduct, any
indemnified person or indemnified person of the Funds or (ii) that are directly related to the investments
or business as an investor; all costs, fees and expenses (including legal fees and expenses) incurred to
...

Item 7: Types of Clients

Currently, Glade intends to provide investment advice to the Funds. Each of the Domestic Fund’s and the
Offshore Fund’s (and any future SPV’s) Offering Documents sets forth the eligibility criteria and minimum
investment requirements for Investors. Initial and additional subscription minimums are disclosed in the
Offering Documents for each Fund, which may be waived at the discretion of Glade.

Domestic Fund

Each Investor generally must be (i) an “accredited investor”, as defined in Regulation D under the U.S.
Securities Act of 1933 (the “Securities Act”), and (ii) either a “qualified purchaser”, as defined in the
U.S. Investment Company Act of 1940 (the “Company Act”), or a “knowledgeable employee”, as
defined under Rule 3c-5 of the Company Act and must meet other suitability requirements. Interests may
not be purchased by non-resident aliens, foreign corporations, foreign partnerships, foreign trusts or
foreign estates, all as defined in the Internal Revenue Code. The subscription agreement contains
representations and questionnaires relating to these qualifications.

 Glade Capital Management LP                                                  Form ADV Part 2A
Offshore Fund

Each Investor generally must be either (i) a non-U.S. Person or (ii) a Permitted U.S. Person that qualifies
as an “accredited investor,” as defined in Regulation D under the Securities Act, and either a “qualified
purchaser,” as defined in the Company Act, or a “knowledgeable employee,” as defined under Rule 3c-5
of the Company Act, and must meet other suitability requirements. The subscription agreement contains
representations and questionnaires relating to these qualifications.

The minimum investment for an Investor into the Funds is US $5,000,000. The minimum investment
for additional contributions by an existing Investor is US $1,000,000. These minimums may be waived by
Glade in its sole discretion.