Maxwell Street Capital Partners LP

Item 5: Fees and Compensation
MSCP provide investment advisory services to the Funds pursuant to management services
agreements (the “Agreements”). The Agreements, along with the Governing Fund Documents, set
forth in detail the fee structure relevant to each such Fund. The terms of the Agreements are
generally established at the time of the formation of the applicable Fund.
MSCP typically receives compensation from fees based on a percentage of the aggregate capital
commitments of the limited partners, carried interest allocations, and certain other fees or expenses
related to transactions. Investors should review all fees charged by MSCP and others to fully
understand the total amount of fees to be paid by a Fund and, indirectly, by their limited partners.

Management Fee

The Funds are charged a management fee, payable quarterly in advance, of up to 2.0% annually in
an amount proportionate to each limited partner’s capital commitment during the investment period
and on invested capital thereafter for limited partners not designated “Affiliated Partners” by the
General Partner Monitoring fees, directors’ fees or other similar fees from portfolio companies
(collectively, “Portfolio Company Fees”) will be paid directly to MSCP or an affiliate, which will
then, subject to the terms of the Funds’ Governing Documents, reduce future Management Fees
otherwise payable by the Fund. The Management Fee will also be reduced by a percentage of
Transaction Fees attributable to Partners not designated as “Affiliated Partners” by the General
Partner subject to the terms of the Funds’ Governing Documents.

Carried Interest Allocations

The General Partner of each Fund is entitled to a “carried interest” of 20% of the profits of
distributions from the Funds, typically after a return on invested capital and a preferred return is
distributed to the limited partners. The manner of calculation of such carried interest is disclosed
in the Governing Fund Documents and may vary by Fund.

Expenses

The General Partner is responsible for all ordinary administrative and overhead expenses incurred
in connection with maintaining and operating its office(s), including employees’ salaries, rent and
equipment expenses.

In addition to the Management Fees, the Funds shall pay structuring, organizational, funding and
startup expenses (“Organizational Expenses”), including travel (including, where appropriate as
determined by the General Partner, the cost of using or chartering private aircraft or other private
air travel at a cost not to exceed the cost of corresponding first class commercial airfare, other air
travel, car or ride sharing services and other modes of transportation), lodging, meals, entertainment,
printing, mailing, courier, legal, capital raising, accounting, regulatory compliance (including
expenses associated with the initial and/or preliminary registrations, filings and compliance

obligations and other offering requirements contemplated by the European Union Alternative
Investment Fund Managers Directive (the “AIFMD”) or any law, rule or regulation relating to the
implementation thereof in any relevant jurisdiction, or any similar law, rule or regulation), the
engagement of a Swiss representative and/or paying agent (appointed pursuant to the Swiss
Collective Investment Schemes Act (as amended), including any law, rule or regulation related to
the implementation thereof) and any depositary appointed by the General Partner (or an affiliate
thereof), any administrative or other filings and other organizational expenses, but not including
any costs or expenses incurred in connection with the “most-favored-nations” election process. The
Funds will also bear expenses of the type described in the preceding sentence to the extent incurred
by any placement agents, finders or other third parties performing similar services. The General
Partner (or an affiliate thereof) will bear the cost (through an offset against the Management Fee or
otherwise) of all such Organizational Expenses in excess of the amount set forth in the Partnership
Agreement, if any, and of any placement fees (“Placement Fees”) payable to any placement agent
in connection with the formation of the Funds.

The Funds shall pay all other fees, costs, expenses, liabilities and obligations relating to the Funds’
and/or its subsidiaries’ activities, business, portfolio companies or actual or potential investments,
including with respect to any entity formed to effect the acquisition and/or holding of a portfolio
company (to the extent not borne or reimbursed by a portfolio company or potential portfolio
company, and whether or not incurred by the General Partner or any of its affiliates), including all
fees, costs, expenses, liabilities and obligations (referred to collectively in this section as “costs”)
relating or attributable to: (i) activities with respect to the origination, identification and sourcing of
investment opportunities for the Funds, including attending and sponsoring industry conferences
and events, trade association memberships, meeting with consultants, finders, broker-dealers,
investment banks and other buy side advisors and other sources of investments and developing and
maintaining an investment pipeline; (ii) activities with respect to the pursuing, structuring,
organizing, negotiating, consummating, financing, refinancing, diligencing (including any
subscriptions to any periodicals, databases and/or research services), acquiring, bidding on, owning,
managing, monitoring, operating, holding, hedging, restructuring, trading, taking public or private,
selling, valuing, winding up, liquidating, dissolving or otherwise disposing of, as applicable, the
Funds’ portfolio companies and the Funds’ actual and potential investments (including follow-on
investments) or seeking to do any of the foregoing (including any associated legal, financing,
...

Item 7: Types of Clients
All of MSCP’s clients are private funds that are exempt from registration under the Investment
Company Act. Each Fund operates as a pooled investment vehicle intended to provide management
expertise and other advantages to clients. The minimum capital commitment for a limited partner
is outlined in the Funds’ Governing Fund Documents; however, MSCP maintains discretion to
accept less the minimum investment threshold. In addition, the Funds may enter into separate
agreements, commonly referred to as “side letters,” with certain investors, to waive certain terms,
or allow such investors to invest on different terms than those specifically described in the
Governing Fund Documents. Under certain circumstances, these agreements could create
preferences or priorities for such investors with respect to other limited partners.

Investors will be required to make certain representations when investing in a Fund, including but
not limited to that (i) they are acquiring an interest for their own account, (ii) they received or had
access to all information they deem relevant to evaluate the merits and risks of the prospective
investment, and that (iii) they have the ability to bear the economic risk of an investment in the
Funds. Each investor will be furnished with a copy of the Agreement of Limited Partnership and
other Governing Fund Documents.

The following Funds are currently managed by MSCP:

HALSTED AGGREGATOR LP
MSCP PJL AGGREGATOR, LP
MSCP FUND I, LP
MSCP FUND I-A, LP