Origami Capital Partners LLC

ITEM 5 – FEES AND COMPENSATION

       Origami Partners V

        Origami Partners V only accepted investments from one unaffiliated investor and is not
open to new investors. Origami receives a management fee paid quarterly in advance and is also
eligible to receive performance-based compensation at rates that were negotiated with the sole
outside investor in Origami Partners V. Such terms are set forth in the respective limited
partnership agreements signed by the investor in Origami Partners V.

        Fees are deducted from Investor capital accounts. Investors do not have the option to be
billed directly.

       In addition, Origami Partners V will be responsible for and will pay all Fund expenses,
including:

      (i)    all organizational and offering expenses (excluding placement fees, if any) up to
$150,000 collectively (any such expenses in excess of $150,000 were paid by Origami without
reimbursement);

        (ii) all expenses directly or indirectly attributable to the Fund’s consideration and
evaluation of, as well as participation in, any investment opportunity (both investment
opportunities in which Origami Partners V participates and prospective investment opportunities
which are considered by Origami Partners V but in which Origami Partners V does not participate),
including: due diligence; reasonable travel and customary entertainment costs of Origami and
certain related parties, database for use in tender offers and auctions and research and valuation
software, custodian fees and all unreimbursed expenses incurred in connection with the actual or
proposed making, holding, management, supervising, pledging, sale or other disposition of all or

any portion of residual interests; any investment vehicle formed with respect to any investment
opportunity or prospective investment opportunity; and any indemnification obligation arising with
respect to any investment opportunity or prospective investment opportunity; and

        (iii) all other expenses of Origami Partners V incurred in connection with the ongoing
operation and administration of Origami Partners V, including, without limitation: (A) maintaining
of the books and records including associated auditing expenses; (B) preparing and delivering to
the Limited Partner wire transfers, financial reports and other information; (C) indemnification
obligations; (D) reasonable travel and customary entertainment expenses incurred by persons
responsible for matters relating to Origami Partners V, including Origami personnel as well as any
consultants, agents, accountants, lawyers, advisers (including financial advisers) or
representatives; (E) expenses incurred in connection with obtaining legal, tax, and accounting
advice (including the expenses incurred in connection with an audit and any tax preparation costs)
and the advice of other consultants and experts on behalf of Origami Partners V; (F) the expenses
of valuation services; (G) the expenses incurred by Origami Partners V in connection with
registration, qualification, or exemption of Origami Partners V under any applicable Cayman
Islands and U.S. federal, state or non-U.S. Law; (H) expenses incurred in connection with the
preparation of amendments to this agreement; (I) any taxes imposed on Origami Partners V and
any expenses incurred in connection with tax proceedings; (J) expenses incurred in connection
with any proceeding involving Origami Partners V (including the cost of any investigation and
preparation) and the amount of any judgment or settlement paid in connection therewith; (K) any
indemnification obligation and any other indemnity, contribution, or reimbursement obligations of
Origami Partners V with respect to any person; (L) any insurance premiums or related expenses;
(M) costs and expenses relating to U.S. and non-U.S. regulatory compliance, including, without
limitation, costs of compliance programs, examinations, regulatory inquiries and regulatory filings;
and (N) terminating, liquidating and dissolving the Fund.

        In light of the Fund’s investment strategy, the Fund does not utilize traditional broker-
dealers to execute open-market transactions.

       Origami Opportunities III

        Origami Opportunities III is a co-mingled vehicle that is no longer open to new investors.
During Origami Opportunities III’s investment period, Origami is compensated by a management
fee paid quarterly in advance at a rate equal to 1.00% per annum of each Investor’s unfunded
capital commitment plus 2.00% of net invested capital, though Investors admitted within 6 weeks
of the first closing date (which occurred March 2015) pay a reduced management fee of 1.5% of
net invested capital per annum. From and after the end of the investment period, Origami is
compensated by a management fee paid quarterly in advance at a rate equal to 2.00% of net
invested capital, though Investors admitted within 6 weeks of the first closing date will continue to
pay a reduced management fee of 1.5% of net invested capital per annum.

       In addition, Origami generally receives a 20% performance allocation after Investors
receive a return of capital, as well as an 8% preferred return (9.0% for Investors who made capital
commitments within six weeks of the first closing date).

       Origami may waive or modify fees applicable to certain Investors, including affiliated
Investors.

        Fees are deducted from Investor capital accounts. Investors do not have the option to be
billed directly.

        In addition, Origami Opportunities III will be responsible for and will pay all Fund
expenses, including: all organizational and offering expenses up to $800,000 collectively.
Organizational and offering expenses in excess of $800,000 will be paid by Origami Opportunities
III but borne by Origami through a 100% offset against the management fee.

       (i)    all placement fees, which will be offset against the management fee;
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ITEM 7 – TYPES OF CLIENTS
        Origami provides investment advisory services to various pooled investment vehicles that
 operate as private investment funds. There is no technical minimum commitment for the Overflow
 Fund, Origami Partners III, Origami Offshore V and Origami Partners V; the minimum
 commitments for a single unaffiliated Investor in such Funds were negotiated with such Investor.
 Similarly, there is no technical minimum commitment for Origami DWC, Origami Taomo and
 OCP Liberty. Origami Opportunities III, Origami Opportunities IV and Origami Opportunities V
 have a minimum initial capital commitment of $10,000,000, subject to the discretion of Origami
 to accept lesser amounts (but in no event less than applicable legal minimums).

Interests in Origami Opportunities III, Origami Opportunities IV, Origami Opportunities V and the
Overflow Fund are intended for “U.S. Persons”, non- “U.S. Persons” and U.S. tax-exempt investors.
All U.S. Persons which invest in the Fund – tax-exempt or taxable – must be “Accredited Investors”
and “Qualified Purchasers.”