Melkonian Capital Management LLC

ITEM 5 – FEES AND COMPENSATION

MCM, or an affiliate, is compensated in the form of an asset‐based management fee (a
“Management Fee”) and performance‐based compensation or allocation (an “Incentive
Allocation”). Investors in the Funds each bear their respective portions of the Management Fee
and Incentive Allocation. The specific fee schedules for the Funds are described in detail in the
Offering Documents.

The LTE Master Fund will pay to MCM a quarterly Management Fee calculated at an annual rate
of 2.0% of each Investor’s capital account (the “LTE Management Fee”). The LTE Management Fee
will be paid quarterly in advance, based on the value of each Investor’s capital account, as ofthe
first business day of each calendar quarter. The LTE Master Fund will not refund any portionof the
LTE Management Fee previously paid with respect to any intra‐quarter withdrawal. For the
avoidance of doubt, the LTE Onshore Fund will not pay MCM any LTE Management Fee directly,
however, as Investors in the LTE Master Fund, and the LTE Onshore Fund, and therefore each
Investor in such a fund, will bear their pro rata portion of the LTE Master Fund’s LTE Management
Fee.

MCMSH IV will pay MCM a Management Fee as follows: 1% of the aggregate capital contributions
of the limited partners used for the purchase of securities.

At the end of each fiscal year (December 31), the Manager receives an annual incentive allocation
equal to 20% of the net profits (including realized and unrealized gains and losses) attributable to
each Investor’s capital account, if any, subject to a loss carryforward provision (the “LTE Incentive
Allocation”). Although the governing documents contemplate that the incentive allocation may
be affected through LTE Holdings, LLC, a wholly owned subsidiary of the LTE Master Fund, the
Manager currently implements the incentive allocation directly and has not utilized LTE Holdings,
LLC for this purpose. In the event that an Investor withdraws/redeems capital (in whole or in part)
at anytime other than at the end of a fiscal year, the deduction of the LTE Incentive Allocation will
be made with respect to such Investor as of the withdrawal/redemption date.

Melkonian – Form ADV, 2A Firm Brochure

The Manager has waived or modified the LTE Management Fee and/or LTE Incentive Allocation
for certain Investors that are members, employees or affiliates of the Manager or MCM, relatives
of such persons, and for certain other Investors.

MCM (or an affiliate) deducts fees from Investors’ assets invested in the Funds. Investors do not
have the ability to choose to be billed directly for fees incurred.

The LTE Management Fee will be paid quarterly in advance. The LTE Incentive Allocation will be
paid annually.

Series A of Eyevance will pay the Eyevance Manager 20% of the Net Cash Flows, as defined in the
Limited Liability Agreement, that exceed 125% of the initial investment of each individual investor.
It should be noted that the 125% hurdle for Series A has been satisfied.

Series B of Eyevance will pay the Eyevance Manager 20% of the Net Cash Flows, as defined in the
Limited Liability Agreement, that exceed 125% of the initial investment of each individual investor.

MCMSH IV will pay the MCMSH IV General Partner 20% of the Net Cash Flows, as defined in the
Amended and Restated Agreement of Limited Partnership, that exceed 100% of the aggregate
Capital Contributions as well as certain preferred return and multiple of aggregate Capital
Contribution targets, as defined in the Amended and Restated Agreement of Limited Partnership.

MCM and/or its principals and affiliates may receive director, transaction, origination,
commitment, development, monitoring, management services, breakup or broken deal fees
and/or similar fees, for their own respective accounts in relation to investment activities of the
Funds and such fees will not reduce MCM’s Management Fees and Incentive Compensation.

In addition, the Funds may retain MCM or certain of its affiliates for services relating to certain
investments acquired by the Fund, including providing financial, managerial and operational
advice to portfolio investments, management, insurance, construction, leasing, development,
group purchasing and other property management services and asset management services. Any
compensation earned by MCM and/or its affiliates for such services will be retained by them.
While MCM will seek to enter into the relevant service agreements on arm’s length terms, MCM
has a conflict of interest in selecting itself and/or such affiliates to perform the relevant services
as doing so increases compensation paid to MCM or its affiliates, as the case may be. In addition,
because such fees are retained by MCM and/or its affiliates, MCM has a conflict of interest in
selecting certain investments for the Funds as the Manager, the General Partner and/or the
Eyevance Manager may be incentivized to select investments on the basis that they generate fees
for it and/or its affiliates, rather than solely basing its decision to invest in an investment on the
merits of such investment. Additionally, affiliated service providers may not have the same
independence with respect to the performance of their duties to the Fund as an unaffiliated
service provider.

It is critical that Investors refer to their respective Fund’s Offering Documents for a complete
understanding of how MCM is compensated for its advisory services. The information contained
herein is a summary only and is qualified in its entirety by the relevant Fund’s Offering
Documents.

Melkonian – Form ADV, 2A Firm Brochure

LTE Funds

The LTE Onshore Fund pays all of its (and its pro rata share of the LTE Master Fund’s) ordinary and
extraordinary expenses, including (i) expenses in connection with the organization of each class
and in the case of the LTE Onshore Fund, expenses in connection with the reorganization of the
...

ITEM 7 – TYPES OF CLIENTS

As described above in Item 4, MCM provides discretionary investment advisory services to
privately pooled investment funds.

In order to invest in the Funds, a prospective Investor is required to make certain representations
as to suitability and legal requirements of the respective Fund.

LTE Funds

Investors in the LTE Onshore Fund must be “accredited investors” as that term is defined in Rule
501 of Regulation D of the Securities Act of 1933 (the “Securities Act”). Investors in the LTE Master
Fund must be “accredited investors” as that term is defined in Rule 501 of Regulation D of the
Securities Act and must also be “qualified purchasers” within the meaning of Section 2(a)(51) and
Rule 2a51‐1 under the Investment Company Act of 1940.
MCM may also impose minimum initial investment amounts for Investors in the Funds. The LTE
Funds impose a $2 million minimum initial investment amount and a $50,000 minimum for
subsequent investments. The minimum investment amounts are subject to waiver at the
discretion of MCM (or an affiliate of MCM).

MCMSH IV

Investors in MCMSH IV must be “accredited investors” as that term is defined in Rule 501 of
Regulation D of the Securities Act and must also be “qualified purchasers” within the meaning of
Section 2(a)(51) and Rule 2a51‐1 under the Investment Company Act of 1940.

MCMSH IV is currently closed to new Investors.

Eyevance

Investors in Eyevance must be “accredited investors” as that term is defined in Rule 501 of
Regulation D of the Securities Act.

Eyevance is currently closed to new Investors.

Melkonian – Form ADV, 2A Firm Brochure