Moonrise Capital LP

Item 5. Fees and Compensation

Moonrise, or one of its affiliates, typically receives compensation for providing investment
advisory services from each of its Clients in the form of (1) an annual management fee averaging
between 0.41% and 0.7% per annum (over a twelve-year period) based on a percentage of assets
managed (generally based on capital committed) and (2) performance-based compensation ranging
between 2.5% and 5% of distributable amount derived from portfolio investments after investors
receive an amount equal to their full contribution, which may be referred to as carried interest and
is not subject to a hurdle rate. Note that the management fee charged to each investor is calculated
based on capital committed multiplied by the applicable fee rate for such year.

Fees for advisory services are not negotiable, with multiple fee schedules that reflect certain
investor eligibility that vary over the lifespan of each Fund. Moonrise only receives performance-
based compensation when distributions occur in accordance with the relevant Governing
Documents for each Client relationship. As a result, Moonrise does not receive performance-based
compensation on a regularly-scheduled basis. The details of how Moonrise calculates its
management fee and performance-based compensation are set forth in each Client’s Governing
Documents.

Moonrise deducts its management fees directly from its Clients’ accounts each quarter in advance.
Clients who pay management fees in advance may be refunded a prorated portion of the
management fee if the advisory relationship was terminated prior to the end of the relevant billing
period.

In addition, the management fees paid by investors in a Client will be offset pro rata by any
director’s fees, monitoring fees, consulting fees, closing fees, commitment fees, or break-up or
other similar fees to the extent related to the investment activities of a Client (including any
options, warrants or other equity securities, but excluding reimbursements of out-of-pocket
expenses) that are received by Moonrise or its affiliates, as applicable, net of unreimbursed
expenses. Further details of how Moonrise calculates its management fee offsets are set forth in
each Client’s Governing Documents.

In connection with our advisory services, our Clients generally bear, or have borne, each of their
own operating and investment-related expenses, including, for example:

   •   organizational and formation expenses subject to certain limitations;
   •   fees, costs and expenses directly related to their purchase and sale of investments
       (including legal, due diligence and out-of-pocket expenses), including interest and
       expenses payable on any indebtedness incurred by a Client;
   •   costs and expenses of managing Clients’ investments;
   •   industry trade association membership fees and attendance costs;
   •   fees and expenses of outside consultants and experts that Moonrise may engage in
       connection with making or managing investments;
   •   any withholding or other taxes;
   •   expenses of custodians, third-party tax professionals and auditors, attorneys and other
       service providers;
   •   insurance, risk management, indemnity and litigation expenses;
   •   costs and expenses incurred in dissolving, winding-up and terminating each Fund and in
       realizing its investments;
   •   all expenses incurred in connection with the business, affairs and operations of the Clients,
       including the due diligence, purchase, acquisition, holding, transfer or sale, of any Portfolio
       Investment (whether or not consummated), including legal, accounting, and consulting fees
       and travel expenses;
   •   broken deal expenses;
   •   all expenses incurred in connection with the development of any Portfolio Investment,
       including the employment of third party consultants;
   •   all expenses incurred in connection with the securing of financing, including but not limited
       to expenses related to the negotiation and documentation of agreements with one or more
       lenders;
   •   all fees charged, and reasonable out-of-pocket expenses incurred, by any third-party
       administrator of the Clients (if any) in connection with the administration of a Client
       including administration of cash and in-kind distributions received by a Client;
   •   travel expenses shall include all travel-related costs expenses, including but not limited to
       those incurred in connection with transportation, lodging and meals;

   •   marketing expenses;
   •   other administration costs; and
   •   a portion of the fees and expenses of each underlying fund that Moonrise invests in.

Additional information, including a further detailed description of fees and expenses incurred by
Clients can be found in each Client’s applicable Governing Documents. Neither we nor any of our
Supervised Persons (as defined below) accept compensation in connection with the sale of interests
in the Clients.

Item 7. Types of Clients

Currently, Moonrise’s Clients are pooled investment vehicles. Investors in these vehicles include
or may in the future include (but are not/will not be limited to):

   •   endowments, foundations and charitable organizations;
   •   pension and profit sharing plans (domestic and foreign);
   •   family offices;
   •   individuals, estates and trusts; and
   •   limited liability companies and corporations.

Investors that are U.S. persons must be “Accredited Investors” under Regulation D under the
Securities Act and, in general, “Qualified Clients” under the Advisers Act eligible to be charged a
performance fee.

Generally, the Clients have a stated minimum investment amount of $1,000,000. Moonrise has
the discretion to change minimum investment requirements for investment in the Clients.