LSCP Advisors LLC

Item 5 - Fees and Compensation

A. Below is a discussion of how the Adviser is compensated in connection with providing advisory
   services to its Funds. The Adviser may enter into different fee arrangements on a Fund-by-
   Fund basis.

    The Adviser (or affiliates under common control with the Adviser) will generally receive
    management fees and/or performance fees (also known as carried interests) (assuming certain
    regulatory requirements are satisfied) in connection with the advisory management services
    that the Adviser provides to its Funds. Management fees, performance fees, and any other
    compensation payable to the Adviser or its affiliates for such services to a Fund and its investors
    are generally set forth in each Fund’s limited partnership agreement or other governing
    documents, and in intercompany agreements negotiated with each Fund, and will depend on a
    number of factors.

    Management Fees. The management fees received by the Adviser, or its affiliate, will be based
    on committed and/or invested capital in accordance with the terms of the partnership agreement
    or other governing documents of the applicable Fund and/or a separate investment management
    agreement. Generally, the management fee typically is 1.0%-2.0% of the aggregate capital
    commitments made by the investors during the entire term of the Fund. The management fee
    structure may vary fund by fund. Please refer to applicable Fund’s governing documents for
    exact details.

    Carried Interest. The general partners of each Fund that are affiliates of the Adviser typically
    receive carried interest allocations from such Fund of up to 20% of distributable cash,
    determined with respect to each Fund on a whole fund basis. Carried interest allocations may
    be subject to preferred return hurdles and/or claw-back obligations, depending on, among other
    things, the strategy of the relevant Fund and market terms at the time of the Fund’s formation.

    As indicated above, the fees and other compensation payable to the Adviser or its affiliates by
    its Funds are established at the time of the formation of the relevant Fund and sometimes
    negotiated with key participating investors prior to their investment. Specific details of such
    compensation and expenses, and their method of calculation are set out in the offering
    materials, disclosure documents and governing documents of the relevant Fund and as
    indicated, may vary from Fund to Fund. Once the relevant Fund has been established and
    commenced operations, such compensation and expenses are generally not negotiable,
    although the Adviser may, from time to time, enter into side letter agreements or other
    arrangements with specific investors in certain Funds whereby such investors receive
    reductions of management fees or other compensation otherwise payable with respect to their
    investment in such Funds. Affiliates of the Investment Adviser may receive a 50% reduction
    in Management Fees and Carried Interest.

B. Management fees typically will be calculated and paid monthly in advance, subject to the terms
   of the relevant governing documents applicable to each Fund. The general partners of each
   Fund may make capital calls on investors in such Fund for the amount of the management fees
   and remit the amounts received to the Adviser or other affiliates. The Adviser and its affiliates
   generally have the authority to deduct fees from the Funds’ accounts.

C. Each Fund will typically pay, or reimburse the Adviser or its affiliate for, all direct and indirect
   expenses it incurs or payments it makes on behalf of the Fund (including fees and related
   expenses incurred on behalf of the Fund for professional services rendered by third parties,
   such as accounting fees, title examination fees, and attorneys’ fees; travel expenses and other
   pursuit costs associated with the business of the Fund; and expenses related to formation of the
   Fund). Investors in the Funds will typically not receive a reduction in management fees in
   respect of the Fund’s expenses.

    In addition, the Fund may pay to the Adviser or its affiliate a one-time Due Diligence &
    Operating Expense Reimbursement (“DDR”) for the time and effort expended by the Adviser
    or its affiliate in structuring, evaluating, and conducting due diligence in connection with the
    decision to invest in, and providing other services essential to the selection, acquisition, and
    disposition of, the Fund’s investment(s), including directly-related operating expenses of the
    Adviser or its affiliates. The DDR will vary but will not exceed in the aggregate, a pre-
    determined amount set forth in the Fund’s partnership agreement or other governing document.
    The cost of the DDR will be allocated to the Fund investors in proportion to their respective
    Fund interests, and the DDR is not considered a management fee payment.

    The Adviser does not typically collect transaction, monitoring, advisory, investment banking,
    directors’, break-up, or other similar fees with respect to the investments or investment
    activities of its Funds.

    The Adviser does not maintain any trading accounts and does not use “soft” dollars.

    Please refer to Item 12, Brokerage Practices, for more information.

    It is critical that investors and prospective investors refer to the respective Fund’s disclosure
    documents (as applicable) and/or governing documents for a complete understanding of how
    the Adviser and the applicable general partner are compensated for advisory services. The
    information contained herein is a summary only with respect to current Fund client(s) and
    is qualified in its entirety by the applicable Fund’s disclosure documents and/or governing
    documents.

D. Subject to the terms of the applicable Fund organizational documents and/or separate
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Item 7 - Types of Clients

The Adviser provides investment advisory services to the Funds, which are pooled investment
vehicles organized as private funds — entities that are investment partnerships or other investment
entities formed under domestic or foreign laws and are exempt from registration under the
Investment Company Act of 1940, as amended (the “Investment Company Act”).

Generally, investors participating in the Funds are required to meet certain suitability and net worth
qualifications, including qualifying (a) as an “accredited investor” as defined in Rule 501 of
Regulation D under the Securities Act of 1933, as amended (the “Securities Act”), (b) as a
“qualified client,” for purposes of the Advisers Act, or (c) as a “knowledgeable employee” within
the meaning of Rule 3c-5 of the Investment Company Act, depending on the applicable eligibility
requirements of the respective Fund.

The Funds are or will be invested in by a broad range of U.S. and non-U.S. investors, including,
among others:

    1.   Individual investors;
    2.   Private retirement and profit-sharing plans;
    3.   Trusts;
    4.   Charitable foundations;
    5.   Educational endowments;
    6.   Corporations and investment partnerships;
    7.   Hedge funds;
    8.   Funds of funds; and/or
    9.   Other business entities.

The Funds generally have specified minimum investment amounts set forth in their respective
offering materials, disclosure documents and/or governing documents. This amount is generally at
least $1 million, but lower capital commitments may be accepted in the discretion of the general
partner of each Fund.