MB Global Advisers LLC

Item 5 - Fees and Compensation

A. Our fees and compensation are negotiable and are recited in the Clients’ governing documents. The
management fee is calculated quarterly and payable quarterly in arrears. The performance allocation is
subject to the return of invested capital as well as a preferred return to limited partners. All performance
allocations charged by the Advisor are consistent with Rule 205-3 under the Investment Advisers Act of
1940, as amended. All advisory Clients are “qualified purchasers” as defined in Section 2(a)(51) of the
Investment Company Act of 1940, as amended (the “Investment Company Act”). Consequently, the
Advisor is not required to include specific fee information in this Brochure.

B. The Advisor accrues expenses as they are incurred and deducts such expenses on a quarterly basis
from an investor’s capital account in the Partnerships.

C. Each Partnership bears all fees associated with its operation, including without limitation legal fees,
custodian fees, insurance, interest, taxes, travel expenses, due diligence expenses and other out of pocket
costs associated with the acquisition, monitoring and disposition of investments (including compensation
and overhead included in connection with hiring full and part-time consultants, brokerage, and other
transaction costs), costs associated with hedging transactions, commissions, audit fees and tax preparation
costs, data providers, computer software specific to the affairs of the Partnerships, research related and
market data expenses, costs of unconsummated Investments, costs associated with subscription line
indebtedness, expenses of the Advisory Board, expenses of annual and special meetings of Client
investors and extraordinary expenses such as litigation and indemnification. (See Item 12 “Brokerage
Practices” below).

Pursuant to the governing documents of the Partnerships, the Advisor and/or its affiliates may receive
directors’ fees, transaction fees, break-up fees, advisory fees, monitoring fees or other similar fees. A
specified percentage of these fees, (varying from 50% to 100% depending on the type of fund
investment), net of related expenses, is applied to reduce the management fees payable by the

Partnerships. The Advisor has adopted policies and procedures with respect to the preparation and review
of investment advisory fees payable by the Partnerships, and the respective offsets.

From time to time, the Advisor will use or retain certain consultants to provide services to (or with respect
to) one or more Clients or certain current or prospective Investments in which one or more Clients invest.
Such consultants generally are expected to provide services in relation to the identification, acquisition,
holding, improvement and disposition of Investments, including operational aspects of such Investments.
Such consultants can be expected to receive compensation, including, but not limited to, cash fees,
discretionary bonuses (whether or not based on pre-determined milestones), a profits, participation or
equity interest in an Investment, or other compensation, the amount of which could be determined
according to one or more methods, including, but not limited to, the value of the time (including an
allocation for overhead and other fixed costs) of such consultant, a percentage of the value of the
Investment and/or the invested capital exposed to such Investment. The relevant Fund typically will bear
the costs of all consultant compensation as well as fees, costs and expenses of structuring consultant
arrangements. Consultants are also expected to be reimbursed for certain travel and other costs in
connection with their services. None of the foregoing compensation paid or granted, or expenses
reimbursed, to such consultants will reduce or offset the management fees paid or payable by the
Partnerships or any other Client.

In the event that a transaction in which a co-investment was planned, including a transaction for which a
co-investment was believed necessary in order to consummate such transaction or would otherwise be
beneficial, in the judgment of the Advisor, ultimately is not consummated, all costs relating to such
proposed transaction will be borne by the Client(s), and not by any potential co-investors, that were to
have participated in such transaction. To the extent that any such co-investors have already committed to
make such a co-investment in connection with such transaction and agreed to bear their share of such
costs, then such co-investors would be expected to bear such share. However, the Advisor believes that
most instances of Investments that fail to consummate are likely to occur before co-investors have
committed to invest, and accordingly does not expect that co-investors would bear such costs in most
instances.

D. Management fees are generally paid quarterly in arrears, and are not refundable if the advisory contract
is cancelled prior to the end of a payment period.

E. Not applicable.

Item 7 - Types of Clients

The Advisor provides investment advice to, and manages the investment portfolios of, private investment
funds. Investors in such private investment funds are generally institutional investors and high net worth
individuals that qualify as “accredited investors” (as defined in Rule 501 under the Securities Act of 1933,

as amended) and “qualified purchasers” (as defined in Section 2(a)(51) of the Investment Company Act.
The minimum investment in the Partnerships is generally $5 million. The minimum investment for a
separate account is generally $50 million.