Lorient Capital Management LLC

Item 5: Fees and Compensation

In general, Lorient receives a Management Fee (as defined below) and a carried interest in
connection with the provision of advisory services to its clients. Lorient or other Lorient entities
or affiliates receive additional compensation in connection with management and other services
performed for portfolio companies of the Funds and such additional compensation will offset in
whole or in part the Management Fees (as defined below) otherwise payable to Lorient to the
extent provided by the Governing Documents. Investors in a Fund also bear certain expenses as
further detailed below.

Management Fees

Certain of the Funds will pay Lorient a quarterly management fee (the “Management Fee”)
payable in advance at the beginning of each calendar quarter equal to 2.0% per annum of each
investor’s capital commitment or invested capital, as described in each Fund’s Governing
Documents, as of the first day of the calendar quarter (the “Management Fee”). Notwithstanding
the foregoing, the Management Fee may be reduced or waived by Lorient or the General Partners
in their discretion. In addition to the Management Fee, the General Partners (or a principal of the
General Partner) may receive a fee in connection with an investment by the Funds (e.g., a loan
closing fee) or for ongoing services to a company that is an investment of the Funds (e.g., director
fees for serving as a director of a portfolio company). Upon a date specified in the Governing
Documents (the “Stepdown Date”), the Management Fee will be reduced and will equal 2.0% of
(a) the aggregate invested contributions and unrecouped bridge financing contributions, as reduced
by (b) permanent write downs and distributions constituting returns of capital. The Management
Fee will be payable until proceeds from all portfolio investments are distributed or until Lorient’s
relationship with the relevant Fund is terminated for other reasons (as described in the Governing
Documents). Installments of the Management Fee payable for any period other than a full quarterly
period are adjusted on a pro rata basis according to the actual number of days in such period. As
a general matter, Management Fees will be payable during term extensions unless otherwise
agreed with investors.

As is generally the case in private equity funds, the Governing Documents provide that a Fund’s
Management Fees will be calculated and charged on a basis that generally is not tied to the Fund’s
then-current net asset value. As further specified in the Governing Documents, from the effective
date of the relevant Fund until the Stepdown Date, Management Fees generally will be charged
based on a formula tied to the amount of the relevant Fund’s aggregate invested contributions and
unrecouped bridge financing contributions. Further, after the Stepdown Date, Management Fees
generally will be charged and calculated based on a formula tied to the amount of aggregate
invested contributions and unrecouped bridge financing contributions (including, where
applicable, the amount of any capitalized Supplemental Fees (as defined below) or expenses,
including costs of the Operations Team) or expenses made by the relevant Fund relating to the

Fund’s aggregate investment(s) in its portfolio companies that have not been realized or
completely written off in accordance with U.S. GAAP principles (such investments, “Impaired
Value Investments”). Due to differences in the criteria set forth in their respective Governing
Documents, in the event where more than one Fund participates in an investment, there is the
possibility that an investment will become an Impaired Value Investment for purposes of one
Fund’s Governing Documents but not those of one or more other Funds.

As a result, and as is generally the case for private equity funds, the amount of Management Fees
generally will not correspond with fluctuations in the net asset value of individual investments or
of a Fund, including following the relevant investment period, and will not be reduced in
connection with any write downs (whether temporary or permanent), except in the case of Impaired
Value Investments. Except where the Governing Documents expressly provide to the contrary,
Management Fees will not be reduced (in whole or in part) in the case of partial sales or
dispositions, distributions (e.g., those resulting from a dividend recapitalization) or
reorganizations, restructurings, roll-over investments, extraordinary dividends or similar
transactions or in circumstances where one or more other Fund(s) divest their respective
investment(s) in the relevant portfolio company, whether in whole or in part, in each case in
circumstances that do not result in the complete disposition of the relevant Fund’s interest therein,
and even in cases where the value of the Fund’s investment or the Fund’s ownership percentage
in such investment has been reduced (including substantially reduced) as a result of such
transaction.

In many circumstances, the post-Stepdown Date Management Fee base will include capitalized
transaction-specific fees and expenses of unrealized investments, including certain fees (such as
Supplemental Fees) and expenses paid to Service Providers, the Operations Team, Lorient or its
affiliates. Further, Management Fees generally will not be reimbursed or refunded under the
Governing Documents in the event of realizations, dispositions or partial write-downs or write-
offs that occur partway through the relevant calculation period.

The Governing Documents set forth the full list of terms under which Management Fees will be
reduced, offset or otherwise be limited, and consequently investors should expect to bear the full
specified Management Fee rate in the Governing Documents until they are reduced in the
circumstances and on the date(s) specified therein.

To the extent specified in a Fund’s Governing Documents, Lorient or another Lorient entity will
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Item 7: Types of Clients

Lorient provides investment advice solely to its Fund clients, and references throughout this
Brochure to “clients” and to Lorient’s related duties to and practices on behalf of its clients and/or
investors should be construed accordingly. The Funds generally include investment partnerships
or other investment entities formed under and operated as exempt investment pools under the U.S.
Investment Company Act of 1940, as amended (the “Investment Company Act”). The investors
participating in the Funds generally include individuals, banks or thrift institutions, other
investment entities, university endowments, sovereign wealth funds, family offices, pension and
profit-sharing plans, trusts, estates or charitable organizations or other corporations or business
entities and often include, directly or indirectly, principals or other personnel of Lorient and its
affiliates and members of their families, the Operations Team or other Service Providers retained
by Lorient or a Fund, as well as executives of portfolio companies.

The relevant General Partner also generally is permitted to establish Funds that are alternative
investment vehicles in order to permit certain investors to participate in one or more particular
investment opportunities in a manner desirable for tax, regulatory or other reasons. Alternative
investment vehicle sponsors generally have limited discretion to invest the assets of these vehicles
independent of limitations or other procedures set forth in the organizational documents of such
vehicles and the Governing Documents of the related Fund.

Investors are generally “accredited investors” within the meaning of Rule 501(a) under the
Securities Act of 1933, as amended (the “Securities Act”), and are generally either “qualified
purchasers” within the meaning of Section 2(a)(51) under the Investment Company Act, or
“qualified clients” within the meaning of Rule 205-3 under the Advisers Act. Each Fund generally
has a minimum investment amount for third-party investors as provided in such Fund’s Governing

Documents. Lorient generally is permitted to waive such minimum investment amount.