Orchard Hill Capital Management LP

Item 5. Fees and Compensation
Compensation received by the Company will generally be comprised of fees based on a
percentage of assets under management and performance-based amounts. The fees charged by the
Company are deducted directly from the investor’s account. The Funds may issue several classes
or series of interests or shares, of which each class or series may be subject to different investment
management fee rates and performance-based fee (or allocation) rates. Details concerning such
terms are set forth in the Funds’ respective governing documents.

In the sole discretion of Orchard Hill, management and performance-based amounts may be
waived, reduced or calculated differently with respect to certain investors, including, without
limitation, investors that are members, directors, shareholders, partners, affiliates or employees of
Orchard Hill, members of the immediate families of such persons and trusts or other entities for
their benefit.

Other Expenses

In addition to management and incentive allocations, investors will also be responsible for their
pro rata portion of the operating and administrative fees and expenses charged to the Funds as
specified in the relevant Fund’s governing documents. The types and amounts of fees may vary,
but typically will include the following: legal/compliance expenses; audit, accounting and tax
preparation fees and expenses; insurance costs and expenses; interest expense; administrative,
custodial, and transaction fees, costs and commissions paid to custodians, brokers and other third
parties; directors fees; regulatory filing fees and expenses; and third party fees and expenses
relating to investment research. For more information on brokerage transactions and costs, please
see Brokerage Practices. Investors should review all fees charged by the Company and the
expenses charged to the Funds to fully understand the total amount of fees to be paid by the
Funds. Investors’ ability to redeem from the Funds is subject to formal notice requirements and
other restrictions. In addition to the fees and expenses noted above, investors in the Asian Master
Fund and Global Macro Fund may be charged an early withdrawal fee in an amount equal to 3%
or 5%, respectively of the amount of a capital account requested to be withdrawn. The Funds’
governing document provide a summary of the expenses charged to the Funds, and the terms
investors are subject to when redeeming all or a portion of their investment.

Item 7. Types of Clients
Orchard Hill serves as investment manager to private investment funds that it sponsors. The Funds
operate as pooled investment vehicles and are organized in “master-feeder” or other types of
structures.

Orchard Hill seeks to obtain an investor base generally comprised of institutional investors (such
as endowments and foundations), fund of hedge funds, private bank clients, and high net-worth
individuals.

Orchard Hill has established a minimum dollar amount to invest in each of the Funds. The Fund’s
initial and additional subscription minimums are disclosed in the applicable Governing
Documents for such Fund. As described in each Fund’s applicable Governing Documents the
minimum subscription amounts may be waived or altered.

The Funds, and in certain cases the Investment Manager, will have the discretion to waive or
modify the application of, or grant special or more favorable rights with respect to, any provision
of the Governing Documents to the extent permitted by applicable law, including consent rights
with respect to certain elections of the Funds, which may adversely affect other investors. To
affect such waivers or modifications or the grant of any special or more favorable rights, the
Funds may create additional classes or series of interests. Certain such waivers, modifications or
grants of special or more favorable rights may also be affected by the Fund, and, in certain cases,
the Investment Manager, through agreements ("Side Letters"). Although certain investors may
invest in the Funds with different material terms, the Funds and the Investment Manager generally
will only offer such terms if they believe other investors in the Funds will not be materially
disadvantaged. The Funds may create additional classes of interests, and the Funds, or in certain
cases the Investment Manager, may enter into Side Letters without notice to, or consent of, other
investors.

Initial Investor

The Company has entered into an arrangement with an initial investor (the "Initial Investor"),
whereby the Initial Investor agreed to provide a significant capital contribution to the Funds. In
consideration for such capital contribution, the Initial Investor is entitled to receive a percentage
of the asset-based charges and performance-based allocations incurred by the Funds and has
received certain additional investment rights and/or preferential investment terms.