JP Morgan Partners LLC

ITEM 5. FEES AND COMPENSATION

Effective November 2, 2013, JPMP no longer earns a management fee (“Management Fee”) in connection
with providing the advisory services described herein. JPMP continues to earn performance-based
compensation for one or more JPMP Clients. Performance-based compensation is calculated based upon a
percentage of the JPMP Client’s return on its invested capital (including any borrowed funds)
(“Performance-Based Compensation”). The Performance-Based Compensation paid by a JPMP Client
generally is paid to an affiliate of JPMP in its capacity as general partner of the JPMP Client.

Performance-Based Compensation payable to a JPMP affiliate is approximately 20% of calculated net
proceeds and is payable only when and if certain threshold amounts are returned in accordance with the
applicable JPMP Client’s limited partnership agreement.

Other Fees and Expenses

Generally JPMP Clients are responsible for all reasonable expenses, including legal, tax and accounting
expenses, incurred by the Registrant or its affiliate related to the JPMP Client. The Registrant is responsible
for certain of its overhead expenses, including salaries and employee benefits, rent, utilities and out-of-
pocket items.

Certain brokerage commissions, transaction fees, and other related costs and expenses may be incurred by
JPMP Clients. JPMP Clients may incur other fees and charges imposed by brokers and other third parties,
such as investment banking fees, underwriting fees, wire transfer fees, electronic fund fees, fund
administration service provider fees, other fees and taxes on brokerage accounts and securities transactions,
and all costs that may otherwise be authorized by a limited partnership agreement or approved by a majority
in interest of the limited partners or advisory committee.

Please see Item 12 below for further discussion of the factors that Registrant considers in selecting or
recommending broker-dealers for JPMP Clients’ transactions and determining the reasonableness of their
compensation (e.g., commissions).

ITEM 7. TYPES OF CLIENTS

JPMP Clients are typically pooled investment vehicles exempt from registration under the Investment
Company Act of 1940 (the “Act”). Certain JPMP Clients are considered “third party funds” as the limited
partnerships interests of such vehicles were offered to accredited investors unaffiliated with JPMP at the
time of offering. In addition, JPMP Clients include funds that are “employees’ securities companies” as
defined in Section 2(a)(13) of the Act, some of which participate pro rata alongside proprietary investment
vehicles (the “Underlying Vehicles”), made for the account of JPMC or affiliates of JPMC. JPMP also
manages participation plans through which certain employees of entities with close business relationships
with JPMC (i.e. “friends plans”) participate and which are linked to the performance of Underlying
Vehicles. JPMP also manages third party funds that may have been assigned as a result of mergers and
acquisitions or other corporate actions by JPMC.

JPMP does not manage individual investment accounts and does not have any requirements, such as
minimum account size, for opening or maintaining an account.