Hoplon Asset Management LP

Item 5 Fees and Compensation
Generally, with respect to the Funds, Hoplon receives a management fee and carried interest in
connection with the provision of advisory services to its clients. In certain Funds, Hoplon or its
affiliates may receive additional compensation in connection with management and other services
performed for portfolio companies of the Funds, including but not limited to, financial consulting
fees, commitment fees, monitoring fees, directors’ fees, break-up fees, success fees, transaction fees
and syndication fees, and such additional compensation will offset in whole or in part the

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management fees otherwise payable to Hoplon to the extent provided by the Governing Documents.
In addition, each Fund will also bear its share of certain expenses related to the management or
operation of the Fund as described below.
Specific information regarding management fees, performance-based fees or allocations, or Fund
expenses are described below, but are more fully set forth in each Fund’s respective Governing
Documents.
Hoplon may waive or reduce fees for certain Funds or clients, at the discretion of Hoplon or the
Fund’s general partner.

Management Fee
Hoplon Funds will pay Hoplon or one of its affiliates for advice and services to be provided an
annual fee over the life of the partnership that is a percentage of each limited partner’s actively
invested capital.

In the event of any increase in the subscription amount (including an increase in the subscription of
an existing limited partner), the management fee that is payable on the amount of such increase will
be calculated from the effective date and determined on a retroactive basis and initially shall be
payable on the date of such new subscription and subsequently on each quarterly fee payment date.

Management fees for Hoplon Funds will be payable in advance, typically on a quarterly basis. If
the Fund’s final payment of the management fee is for a period shorter than the full billing period,
then such payment shall be for the pro rata amount due from the beginning of such partial period
until the end of such partial period.

Carried Interest
Hoplon will receive carried interest from the Hoplon Funds pursuant to a payment waterfall as
defined in the Governing Documents. Please refer to the Governing Documents of each Fund for a
complete description of the carried interest terms.
Expenses
For Hoplon Funds I and II:
In addition to the management fees and carried interest payable to Hoplon, each Fund will bear its
share of certain expenses. As more fully set forth in the Governing Documents, each Fund shall
bear directly or reimburse the general partner, the management company and/or their respective
affiliates for the Fund’s share of organizational expenses incurred by any of them. The Fund shall
be responsible for all other expenses related to the Fund and its activities including, without
limitation, all expenses set forth in this sentence and elsewhere in the Governing Documents,
including, without limitation: the Fund’s share of any organizational expenses; the management fee;
corporate finance fees; unless otherwise reimbursed by a portfolio company, all expenses incurred
in connection with the business, affairs and operations of the Fund, including the sourcing, due
diligence, purchase, acquisition, holding, transfer or sale of a portfolio investment (whether or not
consummated, i.e., including “broken-deal” fees and expenses), including all commission,
brokerage, placement, underwriting, registration, legal, accounting, tax advisory, professional or
consulting fees and expenses, travel expenses (including first or business class commercial travel)

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including reasonable accommodations and meals; unless otherwise reimbursed by the portfolio
company, merger fees and expenses payable to third parties and the fees and expenses of any third-
party administrator of the Fund and the or Hoplon or its affiliates; unless otherwise reimbursed by
the portfolio company, all reasonable expenses related to meetings and business-related
entertainment with portfolio company personnel, intermediaries and personnel affiliated with
prospective acquirers or prospective strategic partners of the portfolio company; all expenses related
to the portfolio company that the portfolio company agrees to reimburse the Fund for in the future
(whether or not such amounts are actually reimbursed but without duplication); extraordinary
expenses; all costs and fees relating to the accounting, administrative, reporting and audit expenses
of the Fund, and the preparation, printing and distribution of all communications, reports (including
financial and tax reports), Schedule K-1s, portfolio valuations and tax returns of the Fund to the
limited partners (including the costs and fees of maintaining any internet-based portal or website
from which such items are made available); all professional fees, costs and expenses (including
those relating to legal, advisory, regulatory, administrative, custodial, audit, accounting, consulting
(including professional due diligence services and for “expert networks”), appraisal, valuation and
compliance services rendered) incurred by or for the benefit of the Fund (including expenses
incurred by Hoplon or its affiliates in connection with or compliance with the rules and regulations
of the U.S. Securities and Exchange Commission (or similar state or non-U.S. rules and regulations)
applicable to it as a registered investment adviser or that relate to Hoplon and its employees
generally and are not specific to the Fund and its activities), including all costs and expenses, if any,
incurred in connection with the Fund’s legal and regulatory compliance with U.S. federal, state and
local and non-U.S. or other law or regulation (including, by way of example only, Form PF
...

Item 7 Types of Clients
Hoplon provides investment advice to the Funds. The Funds generally include investment
partnerships or other investment entities formed under U.S. laws and operate as exempt investment
pools under the U.S. Investment Company Act of 1940, as amended.

There is no minimum required investment amount for the Hoplon Funds.

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