Kingfish Capital Partners LLC

Item 5: Fees and Compensation

The fees applicable to each of the Funds are set forth in detail in the corresponding Offering
Documents. A brief summary of such fees is provided below.

Management Fee

The Firm is paid an investment management fee (“Management Fee”) per annum of the net
asset value of the Funds.

The Management Fee will be determined based on the type of account, Fund structure and
Fund strategy and can range from 0% to 2.0% per annum. The calculation of Management
Fees for each Fund is established by the Firm and is set forth in such Fund’s Offering
Documents received by each investor prior to making investments in such Fund.

As a general matter, the Firm seeks to apply similar terms to all investors in each Fund. The
Firm reserves the right, in its sole discretion, to waive or modify the Management Fee and
other fees described herein for any investor, both voluntarily and on a negotiated basis, via
side letters and other arrangements, which may not be disclosed to other investors in the
same Fund.

Other Types of Fees or Expenses

The Firm is authorized to incur and pay in the name and on behalf of the Funds all expenses
which they deem necessary or advisable.

To the extent provided in the Offering Documents of the Funds, the Firm is responsible for and
shall pay, or cause to be paid, all of their own ordinary administrative and overhead expenses,
including, without limitation, all costs and expenses related to rent, furniture, fixtures,
equipment, office supplies, clerical expenses and all salaries, bonuses and benefits paid to, or
on behalf of, personnel of the Firm.

In addition to any Management Fees payable to the Firm, a Fund will incur certain charges
imposed by third parties and other expenses. Such expenses may include, without limitation,
the following expenses: (i) (A) all fees, costs and expenses, if any, incurred in evaluating,
developing, negotiating, structuring, making, holding and disposing of investments, including,
without limitation, any financing, legal, accounting, due diligence, advisory, appraisal fees,
sales commissions, taxes, brokerage fees, underwriting commissions and discounts, travel
expenses, placement and consulting fees and expenses in connection therewith as well as the
costs and expenses of industry-specific business intelligence and information service providers
(to the extent not subject to any reimbursement of such costs, fees and expenses other
parties) and (B) all broken deal expenses, to the extent not reimbursed by an entity in which
the Fund has invested or proposes to invest or by other third parties or capitalized as part of
the acquisition of a transaction; (ii) brokerage commissions, custodial expenses and other
investment costs, fees and expenses actually incurred in connection with making, holding or
disposing of investments; (iii) fees, costs and expenses of tax advisors, legal counsel,
accountants, investment bankers, auditors, consultants, third party administrators and other
advisors and professionals and all ordinary out-of-pocket administrative expenses related to
the operation, administration or liquidation of the Fund, including, without limitation, the
preparation and distribution of reports (including the Fund’s financial statements and tax
returns), the holding of meetings of the Fund; (iv) any out-of-pocket expenses incurred in
connection with the Fund’s legal and regulatory compliance with U.S. federal, state, local, non-
U.S. or other laws and regulations; (v) interest on and fees and expenses arising out of all
borrowings made by the Fund, including, but not limited to, the arranging thereof; (vi) the
costs, fees and expenses of any litigation, directors and officers liability or other insurance and
any indemnification (including any indemnification granted to any third-party placement
agent or finder engaged by the Fund or its affiliates including, for the avoidance of any doubt,
the general partner of each Fund (each, a “Fund General Partner” and collectively, the “Fund
General Partners”) or its affiliates and indemnification expenses or liabilities arising or
extraordinary expense or liability, including, without limitation, workout expenses, relating to
the affairs of the Funds; (vii) expenses of dissolving, liquidating, winding-up and terminating
the Fund; (viii) taxes, fees or other governmental charges levied against the Fund and all
expenses incurred in connection with regulatory compliance, any tax audit, investigation,
settlement or review of each Fund and Fund General Partner, or any of their tax returns and
Schedules K 1 (and similar schedules); (ix) any expenses related to the making of temporary
investments; (x) any expenses related to hedging transactions; (xi) any expenses incurred in
connection with any market data, relevant news or third-party research services and related
terminals for the delivery of such services; (xii) expenses incurred in connection with
communications and meetings with investors; (xiii) certain expense incurred in connection
with any restructuring or amendments to the constituent documents of the Fund and related
entities; (xiv) expenses relating to defaults by investors in the payment of any capital

contributions; (xv) the expenses of the advisory committee of each Fund; and (xvi) expenses
incurred for the formation and maintenance of alternative investment vehicles formed due to
a legal, tax, or regulatory consideration that would cause for it to be beneficial and necessary
for all investors or a group of investors to participate through one, and (xvii) organizational
expenses of each fund. The precise amounts of, and the manner of calculation of, any expenses
for each Fund are established by the Firm and are set forth in such Fund’s Offering Documents
received by each investor prior to making investments in such Fund.

Kingfish maintains ongoing relationships with other unaffiliated private equity managers
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Item 7: Types of Clients

Our clients are the Funds, as described in Item 4 above, and the Funds are generally open to,
among others, institutions, pension plans, endowments, high net-worth individuals, family
offices, financially sophisticated individuals, knowledgeable employees of the Firm, and other
sophisticated investors.