Hazoor Partners LLC

Item 5: Fees and Compensation

A. Below is a discussion of how the Adviser is compensated in connection with providing advisory
   services to its Clients. The Adviser may enter into different fee arrangements on a client-by-client
   basis. It is critical that all Investors refer to the applicable Client’s Governing Documents for a
   complete understanding of how the Adviser and its affiliates are compensated for advisory services.
   The information contained herein is a summary only and is qualified in its entirety by each
   applicable Client’s Governing Documents. Hazoor Partners may, in its sole discretion, manage
   other Clients with higher or lower fees, different fee structures and different expense payment
   arrangements than the currents Clients.

    Management Fees. The Adviser receives management fees from the Funds between 1.0% to 2.0%
    per annum, including on unfunded commitments, depending on the class of partnership interests.
    Depending on the Fund, the Management Fee is payable either monthly or quarterly, as described
    in each Fund’s respective governing documents. The Management Fee is paid in advance and pro-
    rated for partial periods. Fees with respect to SPVs vary; currently, the Adviser receives a
    management fee of 0.3% per annum of net asset value and is payable quarterly and in advance.
    Fees for SMAs are typically negotiated and will vary.

    Incentive Allocation. Additionally, the general partner of a Client, or other affiliate of the Adviser,
    may be eligible to receive an incentive or performance allocation from a Client based on a percentage
    of net capital appreciation (both realized and unrealized) during each yearly measurement period,
    subject to a high water mark. The Adviser expects the Incentive Allocation to be 10% - 50% of
    net capital appreciation of Investors’ capital account in the respective Fund or SPV. Incentive
    Allocations for SMAs are typically negotiated and will vary.

    The compensation described above is the Adviser’s typical compensation rates. However,
    Management Fee and Incentive Allocation rates may be negotiable. The Adviser has the right to
    enter into agreements with one or more Investors to waive or modify certain terms of the offering
    of a Client’s interests, or certain rights and obligations of Investors, including compensation,
    otherwise applicable to such interest(s), in each case without notice to the other Investors.

    In some Funds, Management Fee and Incentive Allocation amounts will vary amongst Investors,
    depending on the investment category that the Investor participates in. The Management Fee can
    vary between 0% to 1% and Incentive Allocations from 10% to 50%, respectively.

B. The Management Fee and the Incentive Allocation are proportionally adjusted for capital
   contributions or directly deducted from the capital account balances of fee-paying Investors. The
   terms for the Management Fees and Incentive Allocation computation and amount charged vary
   from Client to Client. Investors should read the applicable Governing Documents carefully
   regarding the fees that they may bear.

C. Each Client bears its own legal and other organizational expenses incurred in the formation of the
   entity (the “Organizational Expenses”) up to an aggregate amount agreed upon in the Client’s
   Governing Documents. In the General Partner’s sole discretion, certain Organizational Expenses
   related to the offer and sale of interests in certain Clients may be amortized over a period of up to
   60 months from the date the Client commences its investment activities. The operating and
   administrative expenses that are borne by each Client are outlined in the applicable Governing
   Documents.

    In addition to paying investment management fees and performance-based compensation, Fun ds

    and SPVs (and, indirectly, the Investors therein) will pay such additional expenses as are
    disclosed in their applicable Offering Documents. These expenses include, among others: (i)
    Management Fees, (ii) all general investment expenses (i.e., brokerage commissions, clearing and
    settlement charges, research expenses, data processing costs and expenses, bank service fees,
    interest expenses, borrowing charges, custodial expenses and other investment expenses); (iii) all
    administrative, legal, accounting, auditing, record-keeping, tax form preparation, compliance and
    consulting costs and expenses; (iv) all fees, costs and expenses related to middle office operations
    which may include daily reconciliation of cash, cost, positions and valuations; (v) fees, costs and
    expenses of third-party service providers that provide such services; (vi) costs and expenses
    associated with preparing Investor communications, printing and mailing costs; (vii) insurance
    costs and expenses; (viii) taxes and other governmental charges payable by the partnership; (ix)
    governmental licensing, filing and exemption fees (including blue sky filing fees); (x)
    indemnification obligations; (xi) all expenses (including reasonable attorneys’ fees) incurred in
    connection with any threatened, pending, or anticipated litigation, U.S. Internal Revenue Service
    examination or audit, or similar audit or examination by any state or local taxing authority, or other
    legal proceeding; and, (xii) any extraordinary expenses. Expenses generally will be shared by all
    of the partners of the Fund or SPV, including the General Partner, pro rata in accordance with their
    capital account; provided, however, that the General Partner will specially allocate expenses related
    to a side pocket investment to the capital account of the partners participating therein, such allocation
    to be in proportion to such partners’ participating percentages in such side pocket investment. Fees
    for SMAs are similar, though these terms are negotiable and may vary.
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Item 7: Types of Clients

As described in Item 4, the Adviser provides discretionary investment advisory services to privately
offered, private funds that are exempt from registration under the Investment Company Act of 1940
(the “IC Act”), as amended. The offering of interests to qualified Investors in the Funds are not
registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws
of any U.S. state or any other jurisdiction. The respective minimum initial and subsequent subscription
amounts are detailed within the Offering Documents. Hazoor Partners may, in its sole discretion, elect
to reduce or waive the minimum threshold for subscription amounts with respect to any Investor. The
Adviser’s SMA Clients are typically other private funds and institutional Clients.