Outlander Management LLC

Item 5.     Fees and Compensation

The Firm or its affiliates are generally eligible to receive management fees, carried interest, and other
additional compensation from portfolio companies in connection with the Firm’s advisory services, as
described in the Funds’ Governing Documents.

Management Fees

The Firm is paid management fees (the “Management Fee”) from certain of the Funds on a quarterly basis
as described in the Governing Documents. The Management Fee is based on a percentage of committed
capital that generally ranges from 1%-3% per annum. For certain Funds, the Management Fee is reduced
upon specific events during the Funds’ life, as described in more detail in such Funds’ Governing
Documents. The Management Fee will also be pro-rated for any partial periods. The Firm can waive or
modify the management fee payable with respect to certain investors.

In addition, directors’, consulting, management service, advisory, consultant, transaction, commitment,
breakup or broken deal fees or similar fees by the general partner, the Firm or any of the Firm’s Principals
from a portfolio company (net of any unreimbursed expenses, and as adjusted for any similar reductions
with respect to any other investment fund managed by the general partner or its affiliates to prevent
double-counting) will offset the Management Fee.

Outlander Management, LLC                                                                   Form ADV Part 2A

All investors are encouraged to review the specific Management Fee arrangements detailed in the
Governing Documents for the Fund in which they subscribe.

Carried Interest

An affiliate of the Firm is entitled to receive carried interest from the Funds, as further described in Item

Item 7.     Types of Clients

Investors in the Funds are generally expected to be high net worth individuals, pension plans,
endowments, corporations, and other institutional investors that qualify as “accredited investors” (as
defined in Rule 501 under the Securities Act of 1933, as amended) and qualified purchasers. The minimum
initial investment in the Funds will be determined by the Firm and set forth in the Funds’ Governing
Documents. The Firm may waive such minimum under certain circumstances.