Inter US Management LLC

Item 5: Fees and Compensation
Management and Incentive Fees

Management fees are paid to the General Partner of the Funds periodically, in advance or in arrears,
pursuant to the terms of each Fund’s governing documents. Management fees may vary by Fund.
See each Fund’s offering documents for specific management fee information.

Each Fund also typically pays Inter Management an incentive fee once the amounts distributed to
Investors equal their capital contribution plus a specified preferred return. See Fund offering
documents for specific incentive fee structures.

Inter Management may waive or reduce the management and/or incentive fees for certain investors,
primarily those affiliated with Inter Management and certain other investors.

Additional Fees and Expenses

In addition to the management and incentive fees discussed above, the Funds are typically
responsible for fees and expenses relating to, among other things:

     ➢ organizational expenses including travel, legal, accounting, filing and other expenses in
       connection with the offer and sale of interests in the Funds (in some cases with a cap);
       and
     ➢ all costs incurred by the Fund, the General Partner or Inter Management that are related to
       the Fund’s operations, including but not limited to: (i) accounting, bookkeeping, tax and
       auditing fees and expenses (including the allocable share of the costs, fees and expenses
       relating to internal accounting and tax preparation functions); (ii) legal fees and expenses,
       including, but not limited to, fees and expenses incurred in connection with this
       Memorandum and the Funds Agreement, any offering of Funds Interests, Funds contracts
       and investments; (iii) all fees and disbursements of the Funds’, the General Partner’s
       attorneys, consultants and other third parties performing work benefiting the Funds or
       otherwise in connection with the Funds’ investment activities (including, without
       limitation, the legal and other fees, costs and expenses of such parties in or related to any
       proxy contest or other shareholder initiative or proceeding and in any threatened or actual
       litigation or governmental investigation or proceeding, and the amount of any judgments
       or settlements paid in connection with such proxy contest, shareholder initiative or
       litigation, or fines or penalties levied as a result of any such investigation or proceeding);
       (iv) insurance and bonding costs; (v) all trading expenses and transaction costs, including,
       but not limited to, brokerage commissions and expenses relating to short sales, clearing
       and settlement charges, interest on loans and debit balances, margin interest, broker
       service fees and other clearing and custodial expenses; (vi) fees or assessments in
       connection with any regulatory registrations, qualifications and/or approvals of the Funds,
       the General Partner, and related compliance fees and expenses, deemed appropriate by the
       General Partner; (vii) such research and portfolio management expenses as the General
       Partner deems appropriate, which may include, but are not limited to, expenses incurred
       in connection with due diligence investigations or research as to investments or potential
       investments, including travel, lodging and other expenses incurred in connection with
       visits to companies, meetings, research symposiums and communications with company
       management, security holders, analysts and other third parties, costs of research reports,
       data feeds and databases, news wires and quotation services, periodical subscription fees
       and costs of software (including risk control) utilized by the General Partner in connection
       with managing the Funds’ portfolio; (viii) fees of the Funds’’ registered agent; (ix) fees of
       the Administrator; (x) the cost of preparation and distribution of reports and statements to
       Investors; (xi) all filing and recording fees; (xii) all custodial fees, bank service fees, and
       fees or expenses associated with insuring the Funds’ assets; (xiii) all applicable federal,
       state, local and foreign taxes payable by the Funds; and (xiv) any extraordinary expenses,
       such as indemnification and litigation expenses.

Item 7: Types of Clients
Inter Management provides investment advisory services to private pooled investment vehicles
(Funds) that are exempt from registration and whose securities are not registered under the
Securities Act of 1933, as amended (“Securities Act”).

The Funds’ investors are primarily “qualified purchasers”, as defined in the Company Act, and may
include, among others, banks, thrift institutions, pension and profit-sharing plans, trusts, estates,
charitable organizations, corporations, limited liability companies, and individuals.

The offering documents for each Fund sets minimum amounts for investment by prospective
investors. Inter Management has waived, and reserves the right to modify or waive, the minimum
new investment commitments for the Funds from time to time.