Oxford Gate Management LLC

ITEM 5.        FEES AND COMPENSATION

A.     Fees and Compensation & Payment of Fees

       As compensation for its services rendered to the Clients, the Clients pay to Oxford Gate a fee
based on net assets under management prior to the deduction of any performance allocation and a
performance allocation subject to a hurdle and an associated catch-up and in the case of OG, a
high-water mark. Asset based fees are generally paid monthly in advance.

B.     Additional Fees and Expenses

        Clients generally pay out of their assets all ordinary operating expenses, including, without
limitation, administration fees and expenses, and expenses associated with its management, audit,
accounting, tax and legal services, insurance and reporting, research and software costs, certain
start up and organizational expenses and expenses incurred in the investigation, holding, purchase,
sale or exchange of portfolio investments or potential portfolio investments (whether or not
ultimately consummated), pricing services fees, fees of valuation agents, and all expenses that are
not normal operating expenses. A complete description of each Client’s fees and expenses is found
in each Client’s Governing Documents.

Oxford Gate bears all costs and expenses of its operations, including without limitation personnel,
overhead, legal and accounting expenses unless otherwise provided for in the Governing
Documents.

ITEM 7.        TYPES OF CLIENTS

       Oxford Gate provides investment management services to private funds, which are
excluded from the definition of an investment company under section 3(c)(7) of the Investment
Company Act of 1940. Oxford Gate may advise separately managed accounts in the future. Certain
investors in OG maintain side letter agreements amending the terms of the Governing Documents.

       The minimum investment amount and other criteria for investments in OG are set forth in
the Governing Documents.