Lonetree Capital LLC

Item 5 Fees and Compensation
As outlined in our Investment Management Agreement with the Fund(s), our annual management fee
for management of the Fund(s) will be equivalent to two percent (2%) of the committed capital paid
quarterly in advance. The fee will be calculated based on the capital commitments at the end of the
prior quarter. Co-investment vehicles are offered to certain existing investors alongside the Fund on
terms that may differ from the Fund, including being offered on a fee-free basis. The applicable fees
and expenses, if any, are set forth in the governing documents for the applicable vehicle and any
related side letters.

Item 7 Types of Clients
We provide investment management services to private funds. As stated in Item 4, such funds are
available for investment only by institutional investors and other sophisticated, high-net-worth
investors, who meet the eligibility requirements of the applicable fund set forth in its Governing
Documents.

We have no minimum fund size requirement.