Omega Fund Management LLC

ITEM 5: FEES AND COMPENSATION

   a) Compensation

Omega’s compensation is negotiable and varies, but typically Omega charges each Fund an annual
management fee. In addition, Omega affiliates that serve as general partners of each of the Funds
receive a percentage of net profits distributed to the partners in such Fund as its “carried interest.”

Additionally, consistent with the organizational documents of a Fund, the Fund typically
reimburses Omega and/or bears certain out-of-pocket expenses incurred by Omega in connection
with the services provided to the Fund and/or the portfolio companies. Further details about certain
common fees and expenses are set forth below and in the organizational documents of a Fund.

       Private Funds Fees

Each Fund pays a management fee to its general partner (or its designee) in accordance with the
limited partnership agreement of such Fund. Such management fees are typically calculated based
on such Fund’s aggregate capital commitments and reduced during the life of such Fund. The
precise amount of, and manner and calculation of, the management fees for each Fund are
established by the Adviser and are set forth in the Fund’s limited partnership agreement. Unless
otherwise agreed with a Fund’s investors, management fees will continue to be payable during any
term extensions. Additionally, the management fees paid by a Fund will generally be reduced (but
not below zero) by: (1) deemed or cashless contributions by the Fund’s general partner (2) the
amount of fees paid by such Fund to persons acting as a placement agent in connection with the
offer and sale of interests in such Fund to certain eligible potential investors, (3) the fees incurred
by Omega in connection with the organization of such Fund that exceed a limit specified in such
Fund’s limited partnership’s agreement and/or (4) certain directors fees or other portfolio entity
remuneration received by Omega or its affiliates. The amount and manner of such reduction, if
any, is set forth in the limited partnership agreement of the applicable Fund. Such management
fees are negotiated with Investors in each Fund. A limited partner who is permitted to withdraw
from a Fund on a date other than the last day of a quarter does not receive a refund of any
management fee previously paid. A limited partner is not generally permitted to withdraw from a
Fund, except in extraordinary circumstances. From time to time the Adviser may maintain the
amounts associated with such directors fees received by Omega or its affiliates in accounts that
bear interest before such amounts are offset. Any such interest is not considered a directors fee and
does not reduce the management fees or otherwise benefit the Funds or Investors.

       Managed Accounts

Omega may, from time to time in the future, offer separate account management to clients with a
fee that is agreed upon between Omega and any such client.

   b) Billing

Management fees are payable by Funds quarterly in advance, at the beginning of each calendar
quarter. Omega US deducts such management fees directly from the Funds or their respective

general partners, as applicable. In all cases, expenses and other compensation are charged to a
Fund through the date of termination of such Fund, with management fees typically charged
through the end of the Fund’s term (prior to any extension periods). Fees from separate advisory
accounts managed or advised by Omega are billed in accordance with the terms of any applicable
advisory agreement.

   c) Other Expenses

Each of the Funds is responsible for and does incur other expenses separate and apart from the
management fee payable by each of them. These expenses typically include all fees, costs,
expenses, liabilities and obligations relating to a Fund’s activities, investments and business,
including, without limitation: (a) any taxes, fees, interest, duties, penalties or other governmental
charges (except as provided below) levied against a Fund and all expenses incurred in connection
with any tax audit, investigation, settlement or review of a Fund (other than income taxes, assessed
against either a Fund, its general partner, or the Adviser in respect of the management Fee); (b)
duties, fees or government charges of any kind which may be assessed against a Fund; (c) all fees,
costs, expenses (including travel, lodging and meal expenses), liabilities and obligations incurred
in the investigation, due diligence (including third-party diligence software and service providers),
negotiation, sourcing, discovering, organizing, structuring, seeking regulatory approvals or
clearance for, monitoring, holding, acquiring, managing, operating, taking public or private,
valuing, restructuring, winding up, liquidating, dissolving, sale, exchange or disposition of a
Fund’s investments (whether or not any transaction by a Fund is ultimately consummated)
including, without limitation, any financing, legal, tax, accounting, advisory, consulting, other
professional fees and expenses, filing fees and interest and fees on money borrowed by a Fund;
(d) all expenses incurred in connection with securing financing, including but not limited to fees
and expenses related to the negotiation and documentation of agreements with one or more lenders,
as well as the costs and expenses incurred in obtaining, negotiating, entering into, effecting,
maintaining, varying, refinancing or terminating any such financing arrangements; (e) principal
and interest on, and fees and expenses arising out of, all permitted borrowings made by a Fund; (f)
expenses incurred in connection with any restructuring or amendments to the constituent
documents of a Fund; (g) all expenses incurred in connection with the formation, organization,
management, operation and dissolution, liquidation and final winding up of any special purpose
investment vehicles, including any alternative investment vehicles and any general partners or
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ITEM 7: TYPES OF CLIENTS

Omega US provides discretionary investment advisory services to private investment funds
organized and sponsored by Omega (i.e., the Funds). Omega US advises the Funds on a
discretionary basis, but does not have investment discretion over the Funds.

The Funds are typically organized as limited partnerships, limited liability companies, or similar
legal entities. The Funds are not considered “investment companies” as defined under the
Investment Company Act pursuant to definition exemptions under Sections 3(c)(1) or 3(c)(7) of
the Investment Company Act. Interests in the Funds are only available to qualified investors.

The Adviser may, from time to time in the future, also provide investment advice to separately
managed accounts for institutional investors.

Fund investors and institutional clients doing business with Omega include pension funds,
insurance companies, private banks, foundations, endowments, trusts, family offices, accredited
individual investors and other institutions.

In general, the minimum investment in the Funds ranges from $1 million to $5 million, with the
general partner of a Fund reserving the right to accept capital commitments of lesser amounts, at
its discretion. General partners may, in their discretion, reject any subscription that is tendered.