Parkman Healthcare Partners LLC

Item 5 – Fees and Compensation (Continued)

    Account, the Adviser is compensated either through a pre-negotiated monthly fee or on a
    quarterly basis in arrears. Additionally, the Managed Accounts pay the Adviser an annual
    performance fee, equal to a set percentage of net appreciation of the assets held by such
    accounts. Such fees are generally paid by the owners of the applicable accounts and not
    deducted from the assets of the Managed Account.

B. Fees are generally deducted by the Adviser from the Fund. Fees are not automatically
   deducted from the Managed Accounts and are billed based on the terms of the relevant
   investment advisory agreement that was negotiated with the applicable Managed Account.

C. Any other types of fees or expenses Clients may pay in connection with Parkman’s advisory
   services will depend on the respective Client’s advisory agreement. The Clients may incur
   brokerage and other transaction costs. The Client will generally bear all expenses relating to
   its ongoing structure and operation (including direct expenses of the Client) pursuant to the
   terms of its Offering Documents. Clients may incur expenses relating to the organization,
   maintenance, and operation of the Client accounts including, but not limited to, registered
   agent fees, costs related to compliance, regulatory and AML matters, costs associated with
   gaining access to non-U.S. markets, all direct trading expenses, including but not limited to,
   execution and clearing commissions, transaction charges, ticket charges, fees and expenses
   incurred in the borrowing and lending of securities, custodian and trustee fees, bank service
   fees, transfer taxes, withholding taxes, administrative fees (including fees paid to the Client’s
   administrator) accounting, tax preparation and audit fees, fees paid to third-parties retained
   by the Client related to the delivery of the trade file, and other fees and expenses related to
   the purchase, sale or other disposition of assets. Please see the disclosures in Item 12 as it
   relates to Parkman’s brokerage activities.

D. As stated above, the Management Fees are deducted directly from the Fund and paid quarterly
   in advance. The Management Fee is prorated for any period that is less than one full quarter
   for investments made by new or existing investors and refunded on a prorated basis upon
   withdrawal or redemption from the Fund prior to quarter-end.

    As described in detail in the relevant investment advisory agreements for each Managed
    Account, the Managed Accounts pay Parkman management fees either monthly or quarterly
    in arrears based on the Account’s percentage of the Adviser’s assets under management. In
    the event of the termination of a Managed Account’s agreement, the Managed Account shall
    pay prorated management fee through the end of the foregoing notice period.

E. Other than as described above, neither Parkman nor any of its supervised persons receive any
   additional compensation from the sale of securities or other investment products.

Item 7 - Types of Clients

As mentioned in Item 4, Parkman provides investment advisory services to its Clients based on
the investment objectives and strategies described in the Offering Documents.

Admission as an Investor in the Fund is not open to the general public. The Fund is not intended as
a complete investment program and is designed only for persons who are able to bear the economic
risk of the loss of their entire investment in the Fund and who have a limited need for liquidity in
their investments. Fund interests will generally be sold only to qualified investors who are
“accredited investors” under Regulation D of the Securities Act of 1933, as amended, and “qualified
purchasers” as such term is defined in Section 2(a)(51) of the Investment Company Act.

The minimum initial investment in the Fund is $1,000,000, subject to reduction in the sole discretion
of the General Partner. In general, the Fund will accept investments monthly. Investments will be
made in cash or, in the General Partner’s sole discretion, in securities or partly in cash and partly in
securities.

The General Partner may admit additional or substitute general partners (i) as of the beginning of
any calendar quarter upon 60 calendar days’ prior written notice to all Investors, (ii) at any time
with the consent of the majority in interest of the Investors, or (iii) at any time if such additional
or substitute general partners are affiliates of the General Partner or its principals or an estate
planning vehicle established for the benefit of a family member.