Great Range Capital LLC

Item 5: Fees and Compensation

Fees

In connection with the investment advisory services provided to its Clients, GRC and its affiliates are
generally entitled to receive a management fee as well as a performance-based fee based on the profits
earned on each Client’s account. The GPs serve as the respective general partners of the GRC Funds.
Such entities are GRC’s related persons and are typically entitled to the fees set out below.

Management Fees. GRC and its affiliates are generally paid an annual investment management fee for
each Fund (the “Management Fee”) of two percent (2%) of invested capital or committed capital of
each limited partner of the Fund (the “Limited Partners”). The Management Fee for Great Range
Capital Fund II, LP and Great Range Capital Fund III, LP is generally paid quarterly in advance based on
2% of committed capital during the Fund’s investment period, and 2% of invested capital thereafter.
Fees for all Clients are generally offset by a percentage of transaction, consulting, and similar fees
received from the applicable Fund’s portfolio companies, as more thoroughly described below.

Performance-Based Fees. Generally, net profits for the Funds are allocated 80% to the Limited Partners
and 20% to the applicable GP (a GRC affiliate) (the “Performance Fee”). The Performance Fee is only
paid if net profits are equal to or greater than an 8% per annum preferred return on capital contributed.

Please see the confidential private placement memorandum and the limited partnership agreement of
the respective Client for detailed information regarding the management fee and performance
distributions that may be made to GRC’s affiliates and other persons.

Other Fees. In the course of providing investment advisory services to the Funds, GRC and its affiliates
may receive certain other fees from portfolio companies of the Funds, including transaction fees,
breakup fees, director’s fees and monitoring fees. These fees generally offset the Management Fee paid
by investors to the applicable Fund.

Client Expenses

Each Client generally pays, directly or through reimbursement to GRC, all of the operating expenses and
organizational expenses of such account.

Operating expenses generally include, but are not limited to: the fees and expenses relating to
consummated portfolio investments, proposed but unconsummated investments and temporary
investments, including the evaluation, acquisition, holding and disposition thereof, to the extent that
such fees and expenses are not reimbursed by a portfolio company or other third person; interest on
and fees and expenses related to or arising from any credit support or any credit indebtedness;
premiums for insurance protecting a Fund and any covered persons from liabilities to third persons in
connection with fund affairs; legal, custodial and accounting expenses, including expenses associated
with the preparation of a Fund’s financial statements, tax returns and schedule k-1 s and the
representation of a Fund or the partners by the tax matters partner; auditing, accounting, banking and
consulting expenses; appraisal expenses; expenses related to organizing persons through or in which
portfolio investments may be made; expenses of the advisory committee; costs and expenses that are

classified as extraordinary expenses under generally accepted accounting principles; taxes and other
governmental charges, fees and duties payable by a Fund, other than taxes withheld from distributions
to a partner; damages; costs of reporting to the partners and of the annual meeting; and costs of
winding up and liquidating a Fund.

Organization expenses generally include all expenses (including, without limitation, travel, meals,
entertainment, lodging, tax, consulting, printing, legal, capital raising, filing, accounting, regulatory
compliance (such as initial compliance contemplated by the Alternative Investment Fund Managers
Directive or any similar law, rule or regulation) and any other administrative or other filings and other
organizational expenses) incurred in connection with the organization and funding of a Fund and
General Partner, including the preparation of, and negotiations with respect to, the Fund’s limited
partnership agreement and any side letters or similar agreements, but not including any placement fees.

The GPs and/or GRC pay all ordinary overhead and administrative expenses relating to a Fund incurred
by the applicable GP or GRC in connection with maintaining and operating their respective offices
(including salaries, rent, utilities and equipment expenses) to the extent not borne or reimbursed by a
portfolio company of such Fund.

Item 7: Types of Clients

The Adviser currently provides investment supervisory services to two Funds and one separately
managed account (collectively, the “Clients”). Investment advice is provided directly to a Client (subject
to the direction and control of the general partner of each such Fund, if applicable) and not individually
to investors in such account.

With respect to the Funds, the Adviser typically requires a minimum commitment size in the amount of
$1,000,000 for each investor in the Funds. The General Partner of each Fund has in the past and may in
the future, in its sole discretion, permit investments below the minimum amounts set forth in the
governing documents of such Fund.