ORG Portfolio Management LLC

ITEM 5 – FEES AND COMPENSATION

ORG does not have a standard fee schedule. Fee arrangements are negotiated and agreed on
with each Client and vary based on, among other things, the nature and scope of services to be
provided, the relationship with the Client, amount of assets under management, structure of the
engagement and Client-specific investment mandates. ORG’s fees also may be subject to annual
Consumer Price Index increases as agreed.

Generally, for non-discretionary Clients, ORG may charge management or advisory fees based
on a fixed annual fee (without regard to assets under management), an asset-based management
fee (for example, based on asset allocations, committed capital or assets under management), a
performance-based fee or any combination of such fees. Generally, for discretionary Clients,
ORG may charge an asset-based management fee based on invested capital, committed capital,
assets under management or other agreed-on arrangement and also may charge
performance-based fees. ORG also may charge fees for individual projects and consulting
services on a per-project fee or hourly fee.

Fees are generally billed separately and not deducted from Client assets, unless otherwise agreed.
Generally, ORG will bill its fees on a quarterly basis, unless otherwise agreed. Clients may elect
to be billed in advance or in arrears. The specific manner in which fees are charged by ORG is
set forth in the Client’s written advisory agreement with ORG. For at least one Single Investor
Fund fees are paid to an ORG affiliate acting as the general partner (or managing member) and
then paid to ORG as a member of the General Partner. Fees and other material information
regarding each Single Investor Fund are set forth in its governing document such as its Limited
Partnership Agreement. In certain cases, as agreed with a Client, ORG is reimbursed for its
actual, out of pocket costs and expenses that are incurred in conjunction with a Client’s advisory
services, which may include, among other things, travel and related expenses, legal and
accounting fees, insurance, copying, mailing and other reasonable expenses but excluding any
salaries, fringe benefits, overhead or other similar costs of ORG.

In certain circumstances, as stated above, ORG also may charge performance-based
compensation based on net realized and unrealized gains (or in certain cases only on realized

gains after a property or investment is sold). Such arrangements vary and may be in combination
with other fees charged by ORG (such as a fixed fee or asset-based management fee). The
specific manner in which performance-based compensation is charged by ORG is set forth in the
Client’s written advisory agreement with ORG or, as applicable, in a Single Investor Fund’s
governing documents. Performance-based compensation may be subject to a high-water mark,
waterfall, preferred return, clawback or other arrangement as agreed with a Client. Performance-
based compensation is charged in conformity with Rule 205-3 under the Investment Advisers
Act of 1940 (the “Advisers Act”), as applicable. ORG either directly or through an affiliate may
receive management fees from the third-party investment funds for which it is a Co-General
Partner. These fees may also include any performance-based compensation.

Accounts initiated or terminated during a calendar quarter will be charged a prorated fee. On
termination of any Client account, any prepaid, unearned fees will be promptly refunded and any
earned, unpaid fees will be due and payable. Each Client has the right to terminate its advisory
agreement with ORG on written notice as set forth in such Client’s advisory agreement.

ORG’s fees are exclusive of any fees charged by any third-party investment manager or property
manager or other fees paid by the underlying investment vehicle. ORG’s fees do not include
transaction and brokerage charges, fees and costs and other related costs and expenses which
may be incurred by Clients in connection with the trading and maintenance of their accounts.
Clients may incur certain charges imposed by custodians, brokers and other third parties such as
commissions, custodial fees and other fees and taxes on brokerage accounts and securities
transactions. Such charges, fees and commissions are exclusive of and in addition to ORG’s fee
and ORG does not receive any portion of these commissions, fees and costs.

ITEM 7 – TYPES OF CLIENTS

ORG generally provides its investment advisory services, on a discretionary and
non-discretionary basis, to institutional Clients and non-institutional Clients including, but not
limited to, corporate and public pension and profit sharing plans, Taft-Hartley plans, charitable
institutions, foundations, endowments, trusts, individuals, family trusts, insurance companies,
municipal entities, pooled investment vehicles, corporations and other U.S. and international
institutions. ORG may provide advisory services to others on a case-by-case basis. ORG does
not have a standard minimum account size.