IPI Partners LLC

Item 7. Types of Clients and Account Requirements

The Company provides investment advisory services to the Private Funds. Investors in the Private
Funds managed by the Company may include, without limitation:

      family offices;
      individuals and high net worth individuals;
      trusts, estates or charitable organizations;
      corporations, limited liability companies and/or other business entities;
      state or municipal government entities;
      sovereign wealth and foreign official institutions;
      pooled investment vehicles; and
      governmental and non-governmental pension plans.

All investors are required to be “accredited investors” (as defined in Regulation D promulgated
under the Securities Act of 1933, as amended) and must satisfy such other investor qualification
requirements in order to satisfy applicable securities laws.