Griffin Global Asset Management Advisor LLC

Item 5. - Fees and Compensation

Management Fees

We receive management fees (calculated and payable in most instances monthly or quarterly), as
further described in the respective governing documents and/or offering documents of the relevant
Accounts. Management fees generally range from 0.75% to 1.5% per annum, depending on an
investor’s level of commitment to the Fund. In certain circumstances, management fees payable
to Griffin Advisory are reduced for certain investors subject to agreed upon terms and conditions
of a Fund’s offering documents and/or side letters with specific investors based on certain factors,
including the size of the investor’s investment and/or the timing the capital commitment is made.

Servicing and Other Fees

Affiliates of Griffin Advisory receive sourcing fees, servicing fees, facility management fees,
origination fees and/or other similar fees (collectively referred to as “servicing fees”), including
from Clients. See also “Conflicts of Interest” in Item 10.

Carried Interest and Performance Fees

Griffin Advisory receives carried interest or performance fees or allocations (collectively referred
to herein as “carried interest”) with respect to its advisory services for certain Accounts. Carried
interest is generally equal to 20% of net profits, subject to a preferred return or hurdle return (which
will vary depending on the Account), as more fully described in the applicable Account’s offering
documents and/or governing documents. The timing of payment of carried interest varies and may

be paid later in the life of an Account or, less frequently, annually. The carried interest allocable in
respect of the BG Fund is shared between us and an affiliate of Bain.

Other Information

As set forth in the “Servicing and Other Fees” above, affiliates of Griffin Advisory receive
servicing fees, including from Clients. Such fees generally do not offset the advisory fees to be
paid by such Clients. Certain other fees paid by Clients do offset advisory fees, such as board fees,
and other compensation received by the Adviser or its affiliates in connection with services
provided to actual or prospective investments. Offsets, if any, are applied in accordance with the
Fund’s governing documents.

Item 7. - Types of Clients

Our sole current Client is the BG Fund. We expect that in the future, our Clients will include
additional private investment funds and will also include separately managed accounts. The terms
and conditions of Accounts we advise will vary depending on the type of services provided or the
type of Client, and these terms and conditions could vary even among similarly situated Clients
receiving similar types of services. Furthermore, while we generally do not impose an investment
minimum on our Clients, certain Clients, such as BG Fund, will generally impose investment
minimums for investors in such Funds (which can be reduced or waived, subject to applicable
laws). Any investment minimums will be found in the applicable Account’s governing document
and/or offering documents. We will generally require investors to be “qualified purchasers” or
otherwise satisfy certain qualification standards, including to the extent required to comply with
certain Securities Act and/or Investment Company Act exceptions or exemptions