Metropolitan Equity Partners LLC

Item 5: Fees and Compensation

Metropolitan typically charges a management fee of up to 2% per annum, based on capital under management
or committed capital, paid either in advance or in arrears, based on the Fund Documents. This fee may be
deducted from clients’ initial capital contribution or it may be deducted from the Clients’ gross returns prior
to making distributions to investors. Management fees may be paid to Metropolitan or any of its affiliates.

In addition, typically Metropolitan will be compensated under a performance-based arrangement in
compliance with Rule 205-3 under the Investment Advisers Act of 1940 (the “Advisers Act”). In such
instances, Metropolitan is generally entitled to receive a carried interest or incentive allocation of 15%-20%
of profits on distributions derived from the disposition of investments or securities, subject to a cumulative
annual hurdle rate that may vary from 8% to 18%, calculated on the basis of each investor’s contributed capital.
Such carried interest may be paid to Metropolitan or any of its affiliates. Generally, fees are not negotiable.
However, Metropolitan may apply a different fee schedule to investors who are Metropolitan employees, their
family members and certain other investors.

As described above in Item 4, Metropolitan may also receive fixed monthly fees for general consulting services
rendered to both corporate and high net worth individual clients.

Metropolitan may also receive monitoring, due diligence and administrative fees. Certain of these fees may
be received by Metropolitan or any of its affiliates, including certain of the Funds.

Item 7: Types of Clients

Metropolitan’s investment advisory clients are private funds and separately managed accounts, which are
intended for high net worth individuals, family offices, foundations, endowments, public and private pension
funds and other sophisticated or institutional investors.

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