Lighthouse Investment Partners LLC

Item 5 – Fees and Compensation
We do not have a single standardized management fee or performance fee schedule for our services.
Depending on the offering document or constitutional document of our Funds, we receive (i) a
management fee (“Management Fee”), (ii) a performance fee (“Performance Fee”), or a combination
thereof. In certain cases, we may be entitled to receive both a Management Fee and a Performance Fee.
The Management Fee may vary among our Funds, share classes, or series of interests within each Fund.
Management Fees are typically paid monthly or quarterly in arrears following the calculation of the net
asset value of each Fund. Please see each Fund’s offering or other disclosure documents for more
information about the specific fees charged with respect to such Funds.

The Performance Fee is typically subject to a loss carryforward or “high water mark” and, if applicable, a
“hurdle rate” as set forth in the offering documents or constitutional document of our Funds. Certain share
classes within the Funds place additional limitations on the calculation or payment of the Performance
Fee related to such share classes, series of interests, and/or Funds. If an investor in a Fund that is
subject to a Performance Fee redeems all or part of its shares or interests in the fund other than as of the
date that a Performance Fee is calculated, a Performance Fee is paid with respect to the redeemed
amount at the time of redemption.

We may waive, reduce, or rebate the Management Fee or Performance Fee with respect to any investor,
either in whole, or in part. In addition, we may enter into side letters with certain investors granting them
preferential fee terms. Our determination to offer lower fees may be based on the relevant investor’s
investment size or the aggregation of accounts for investors sourced from a certain investment advisor,
consultant, or other third party, although we also may consider other factors. Employees who are
permitted to invest in our Funds are not subject to a Management Fee or Performance Fee. In certain
circumstances, we invest directly in Funds that hold Fund Accounts and will not bear the costs and
expenses of other Funds. Where we engage third parties to assist in the placement of interests or shares
in our Funds, we pay part, or all, of our Management Fees and/or Performance Fees to such third parties.

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Fees for Platform Services (“Platform Services Fees”) are independently negotiated based on the type of
service and size of the relationship. Platform Services Fees typically constitute a percentage of notional
asset value of a Fund and will be paid in arrears, either monthly or quarterly.

Generally, the administrator of the Funds calculates the Management Fee, Performance Fee, and
Platform Services Fee and communicates the net asset value and fee calculation to us. We confirm the
calculations, and then the administrator directs the bank of the applicable Fund to make payment to us.
Fees are customarily deducted from investors’ assets. In certain limited circumstances, an investor may
pay fees to Lighthouse in a manner outside those described above whereby Lighthouse submits a bill to
the client and such client pays Lighthouse directly rather than having the fees deducted from their assets.

In addition to the Management Fees, Performance Fees, or Platform Services Fees deducted from an
investor’s assets, each investor also pays a portion of the ongoing investment and operating expenses of
such Fund, most commonly on a pro rata basis. Such expenses include, without limitation, administrator
fees; professional fees relating to investments; liability insurance premiums; legal and regulatory
expenses; tax-related expenses; audit and accounting expenses; research; and software and technology
expenses. All these are described more fully in the applicable offering document or relevant constitutional
document of our Funds.

Certain Funds employ a “pass-through” expense model (“Pass-Through Funds”) that incur various
expenses in connection with or otherwise related to the operations and activities incurred at various levels
of (i) the Pass-Through Fund, (ii) Lighthouse or one of its subsidiaries, that manages such Pass-Through
Fund (“Pass-Through Fund Manager”), (iii) a co-investment adviser, where applicable, and (iv) Portfolio
Managers (collectively, “Pass-Through Expenses”). Each Fund that invests in a Pass-Through Fund will
also be responsible for such expenses. In addition, Lighthouse may elect and has elected in the past to
not pass through certain expenses such that they are not borne by investors. This is done at the sole
discretion of Lighthouse.

Pass-Through Expenses include, but are not limited to:

   Investment-Related Expenses. investment expenses (e.g., expenses that the Pass-Through Fund
    Manager determines to be related to the investment of the Pass-Through Fund’s assets, such as
    brokerage commissions, expenses relating to short sales, financing charges, exchange fees, clearing
    and settlement charges, custodial fees, bank service fees, and interest and financing expenses);
    currency hedging expenses; costs associated with establishing and maintaining exchange
    memberships; currency hedging expenses; legal expenses and professional fees (including, without
    limitation, expenses of third-party consultants, compliance consultants, expert networks, risk service
    providers, and portfolio finance and treasury service providers); proxy voting services, class action
    recovery and monitoring or tax reclamation service providers; valuation expenses, including the cost
    of valuation agents; performance-based compensation of Portfolio Managers (if any); asset-based
    compensation of Portfolio Managers (if applicable); and management fees, performance fees, and
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Item 7 – Types of Clients
Lighthouse clients are primarily the Funds managed by Lighthouse. These Funds are offered consistent
with private offering requirements applicable to the jurisdiction where both the Fund is domiciled along
with where the underlying investors are domiciled. The investors of these Funds include institutional
investors and high net worth individuals. Institutional investors include, but are not limited to, sovereign
wealth funds, governmental and corporate pension plans, insurance companies, banks, corporations,
government entities, healthcare organizations, charitable organizations, foundations, endowments
(including those benefiting universities and colleges), religious entities, and other business entities.

Each investor in a Fund must generally be (a) an “accredited investor” as defined in Regulation D under
the Securities Act of 1933, as amended (the “Securities Act”) and (b) either a “qualified purchaser” as
defined in the Investment Company Act or a “knowledgeable employee” as defined in the regulations
thereunder. In the case of certain offshore Funds, non-U.S. investors generally need not be “accredited
investors” or “qualified purchasers” so long as each such non-U.S. investor is not a “U.S. person” as
defined in Regulation S under the Securities Act, as amended. Certain Funds impose other eligibility
requirements in addition to those discussed above, such as minimum investment thresholds ranging from
$1,000,000 to $100,000,000. Lighthouse reserves the right to waive or reduce any such minimum
investment thresholds, except those that are required under applicable law.