Juniper Investment Company LLC

Item 5 - Fees and Compensation
The information included in this Item 5 is summary in nature and is qualified in its entirety by
the more comprehensive treatment of Advisory Client fees and expenses included in the
relevant Client Account Documents. Investors should refer to their respective Client Account
Documents for additional details regarding the information summarized below.

A.      Management Fees and Performance Allocations

Each Advisory Client generally compensates the Firm through (i) an asset-based management fee
(a “Management Fee”) and/or (ii) a performance-based allocation or distribution of profits
generated for the Advisory Client or its Investors (a “Performance Allocation”).

Juniper receives a Management Fee from the Funds. The Management Fee paid by the Funds is
generally calculated and payable in arrears as of the end of each calendar month, in an amount
equal to one-twelfth of 1.5% of the net asset value of the Master Fund (prior to deduction of any
accrued but unearned Performance Allocation to the Master Fund GP). Juniper deducts the
Management Fee from the Master Fund’s account on a monthly basis.

An affiliate of Juniper is also entitled to receive a Performance Allocation from each Advisory
Client. The Performance Allocation to which the Firm is entitled in respect of the Funds is
calculated and allocable to the Master Fund GP on an Investor-by-Investor basis, and is calculated
separately with respect to each investment in the Feeder Fund or the Master Fund made by a given
Investor. The Performance Allocation allocable in respect of a given Investor’s investment in the
Feeder Fund or the Master Fund is generally calculated and, if applicable, allocated to the Master
Fund GP as of the end of each calendar year, upon an Investor’s withdrawal of capital (solely to the
extent of profits attributable to such withdrawn capital) and, under certain conditions, upon the
realization or deemed realization of a portfolio investment. The Performance Allocation allocable
in respect of an Investor’s investment is generally allocable to the Master Fund GP at the rate of
20% of the applicable net profits experienced by the Investor during the applicable performance
period, and generally takes into account both realized and unrealized gains and losses in the Master
Fund’s portfolio. The Master Fund GP is authorized to withdrawal the Performance Allocation from
the Master Fund’s account but generally has not done so, allowing such amounts to remain invested
in the Master Fund.

The Performance Allocations to which the Firm is entitled in respect of TGX Partners and each series
partnership of Opportunities LP take the form of carried interest distributions in respect of net profits
earned by Investors. These Performance Allocations are distributed to Juniper TGX, in the case of
TGX Partners, and to Opportunities GP, in the case of each series partnership of Opportunities LP,
pursuant to multi-step distribution “waterfall” provisions contained in the applicable Client Account
Documents. In general, these waterfall provisions provide that, following the receipt of proceeds
from a portfolio investment, and following distributions of such proceeds to Investors in an amount
reflecting a return of their invested capital and a preferred rate of return thereon, (i) distributions of
proceeds will then be made to Juniper TGX or Opportunities GP, as applicable, reflecting a
Performance Allocation payment in respect of the preferred return amounts distributed to Investors
and, thereafter, (ii) additional Performance Allocation payments may be distributed to Juniper TGX
or Opportunities GP, as applicable, subject to the availability of sufficient investment proceeds and
subject to the further provisions of the applicable waterfall. Juniper TGX’s and Opportunities GP’s

Performance Allocation percentage may vary between 10% to 20%, subject to the provisions of
the applicable distribution waterfall. It is important to note, however, that the foregoing
descriptions of Opportunities GP’s Performance Allocation contain generalizations, and that such
compensation arrangements may be tailored on a co-investment-by-co-investment basis, as
outlined in the applicable Client Account Documents for the specific co-investment opportunity.

The extent to which an Investor will be subject to any Management Fee and/or Performance
Allocation is subject to negotiation. Accordingly, the Firm in its discretion may waive, reduce or
rebate all or any portion of any Management Fee or Performance Allocation that would otherwise
be borne by a particular Investor.

B.     Other Compensation to the Firm

Neither the Firm nor any of its supervised persons accepts compensation (e.g., brokerage
commissions) for the sale of securities or other investment products.

In consideration for the rendition of certain management services, the Firm receives an annual
management fee from Theragenics Corporation, which is wholly owned by, and the sole portfolio
company of, TGX Partners. Such fee is accrued and paid to the Firm based on a 1.0% of the value
of the members’ capital of TGX Partners for the applicable year.

The Firm has also received (and in the future may receive) from one or more Advisory Clients or
their portfolio companies one-time or recurring fees for the rendition of advisory or other services
in connection with strategic transactions of a portfolio company.

The Firm or its personnel from time to time also may receive break-up or other investment-related
fees from third parties (i.e., parties other than an Advisory Client or its portfolio company) in
connection with an investment or divestment, or a proposed investment or divestment, by an
Advisory Client. The amount of any such fees, net of any expenses that the Firm or its personnel
may have incurred in the course of their services that occasioned such fees, will generally be
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Item 7 - Types of Clients

The Firm provides investment advisory services to the Advisory Clients, which are private
investment funds. The Firm may provide investment advisory services to other types of clients in
the future. Investors in the Advisory Clients from time to time may include high net worth
individuals and their trusts and related entities, financial institutions, endowments and foundations,
family offices, proprietary capital from certain personnel of the Firm and related entities, and other
types of investors. Investors in the Advisory Clients must satisfy certain eligibility criteria and
investment minimums, as set forth in the applicable Client Account Documents, some of which
requirements are subject to waiver by the Firm. Investors in Advisory Clients must independently
make a determination with respect to the suitability of their making or continuing any investment
in an Advisory Client. The Firm does not make any such suitability determination or otherwise
provide investment advisory services to Advisory Client investors solely as a result of their
investing in an Advisory Client.