Manna Tree Partners LLC

Item 5 – Fees and Compensation

Manna Tree generally earns an annual management fee of up to 2% of the total Capital Commitments
until the termination of each Funds’ investment period, as described in the Funds’ Limited
Partnership Agreement and thereafter, 2% of the total invested capital (total Capital Contributions
used to fund portfolio investments still held (the “Management Fee”)). The Funds pay Manna Tree
the Management Fee on a quarterly basis in advance. Investors are typically not permitted to
withdraw from the Funds but in the event of a withdrawal (in accordance with the Limited
Partnership Agreement), any paid or allocated Management Fee is not refundable. Certain Limited
Partners who are affiliated with Manna Tree do not pay Management Fees. The General Partner also
receives a carried interest which is discussed below in “Performance Based Fees.” Some SPVs pay
Manna Tree management fees, closing fees and/or carried interest while other SPVs do not.

At times, Manna Tree and the General Partner (the “Management Entities”) and their affiliates receive
additional compensation attributable to the Funds’ portfolio investments, including director fees,
transaction fees and other fees. Between 80% and 100% of these additional fees offset and reduce
the Management Fee paid by the Funds to Manna Tree. Such additional fees generally do not offset
any Management Fee paid by the SPVs. All investors should review the Offering Documents of the
relevant Fund in conjunction with this Brochure for complete information on the fees and
compensation payable with respect to that particular Fund.

In general, the Funds bear certain costs, expenses, liabilities and obligations in connection with their
operation, activities and investments, including but not limited to the Management Fee and expenses
related to:

   •   the sourcing, due diligence, purchase, acquisition, holding, transfer or sale of any actual or
       prospective portfolio investments;
   •   legal, auditing, custodial, consulting and accounting, valuation, compliance lending and other
       professional services;
   •   preparation of the Funds’ financial statements and tax returns;
   •   insurance and indemnity costs;
   •   extraordinary expenses (such as those related to litigation, if any);
   •   reporting to Limited Partners and regulators and meetings of the Limited Partners;
   •   winding-up and dissolving the Funds and the General Partner;

   •   the formation of special purpose vehicles, including any feeder funds or alternative
       investment vehicles; and
   •   analytical, database or other third-party research services and related subscription-based
       services, software and/or terminals for the delivery of such services.

The use of Operating Partners subjects Manna Tree to potential conflicts of interest. Manna Tree
typically compensates Operating Partners with an annual consulting fee and, in some cases, incentive
compensation in the form of a success fee. Portfolio companies may also compensate Operating
Partners directly. Operating Partners are reimbursed for certain travel and other costs in connection
with their consulting services. As described above, no such amounts will offset the management fee.

Item 7 – Types of Clients

Manna Tree provides investment advice to Funds organized and operated as exempt investment
pools under the Investment Company Act of 1940, as amended (the “Investment Company Act”).
Investors participating in the Funds include institutional investors such as family offices, funds of
funds, feeder funds, endowments and foundations, and high-net worth and ultra-high-net worth
individuals.

Manna Tree requires the Funds’ Limited Partners to be “accredited investors” as defined in
Regulation D under the Securities Act of 1933, as amended and “qualified clients” as defined in Rule
205-3 under the Advisers Act. For most Funds, Limited Partners must be “qualified purchasers” as
defined in Section 202(a)(51) of the Investment Company Act. Each Fund generally imposes a
minimum commitment of $5 million, which may be waived by the General Partner in its sole
discretion. Minimum investment amounts for each Fund are set forth in its Offering Documents.