Pravati Capital LLC

ITEM 5: FEES AND COMPENSATION

Item 5.A. Description of Compensation Arrangements

Management Fees:

The Firm, in its capacity as investment manager, is entitled to receive a management fee from the Funds,
typically around 2.0% annually. Management fees will be calculated as a percentage of each respective
Fund’s total amount of called capital or invested capital, in accordance with the respective Fund’s Offering
Documents.

Management fees are typically accrued in arrears and paid monthly. The Firm may, in its capacity as
investment manager to a Fund, in its sole discretion, waive or reduce the management fee payable with
respect to any investor in the Fund.

Carried Interest:

The general partner of each Fund (each, a “General Partner” and collectively, the “General Partners”)
is entitled to receive “carried interest” in an amount equal to 20%. The specific percentage and amount of
the carried interest is outlined in each respective Fund’s Offering Documents. Generally, Fund investors
will receive a stated “preferred return” (based on cumulative distributions) annually, also as described in
each Fund’s Offering Documents. The General Partner of the respective Fund may be entitled to a “catch-
up” carried interest distribution over such preferred return until the General Partner has received an amount
equal to its specified carried interest percentage of the aggregate of the preferred return distributions to the
Fund investor and the carried interest catch-up distributions to the General Partner, after which distributions
shall be distributed to the General Partner in the specified carried interest percentage with the balance
distributed to Fund investors in accordance with the Fund’s Offering Documents.
The General Partner may, in its sole discretion, cause the respective Fund to waive or reduce the carried
interest applicable to any investor, including the share of carried interest allocated to certain investors in
any Fund. As certain other provisions may apply, prospective Fund investors are urged to review the
relevant Fund Offering Documents for specific information related to management fees and carried interest.
Item 5.B. Manner of Fee Payment

Management fees and carried interest as described in Item 5.A. are included in a respective Fund’s expenses
and are allocated against the capital account of each Fund investor with all other Fund expenses.

Item 5.C. Other Fees Clients May be Charged

Pravati Capital or its affiliates may receive compensation in connection with certain investments made by
the Funds, either directly or indirectly through a subsidiary or alternative investment vehicle (“Other
Fees”). Generally, any Other Fees received by Pravati Capital or its affiliates will be applied as an offset to
the respective Fund’s management fees.

The Firm or its affiliates are also entitled to reimbursement from a Fund for any expenses which are incurred
by the Firm on behalf of that particular Client, consistent with the terms of the respective Client’s Offering
Documents.

Item 5.D. Timing of Fee Payments

Each Fund will typically pay a management fee to the Firm which will be accrued in arrears and paid as set
forth in Item 5.A. above. Each Fund will also typically pay carried interest to the Firm or its affiliates
following the receipt of net cash flows in accordance with each Fund’s Offering Documents.

Item 5.E. Receipt of Compensation for Sales

Neither Pravati Capital nor its supervised persons are compensated for the sale of securities or other
investment products.

ITEM 7: TYPES OF CLIENTS

Pravati Capital provides discretionary investment management services to the Funds and SPVs, as
described in Item 4.B above. The Funds include investment partnerships and/or other investment entities
formed under domestic laws and operate as exempt investment pools under the Investment Company Act
of 1940, as amended (the “Investment Company Act”). The investors participating in the Funds are
expected to include individuals, institutions, other investment entities, family offices, trusts, public and
private pensions, endowments, pensions, foundations, estates or charitable organizations or other
corporations or business entities.

Investors in the Funds will be required to be “accredited investors” within the meaning of Rule 501(a) under
the Securities Act of 1933, as amended (the “Securities Act”) and are generally “qualified purchasers”
within the meaning of Section 2(a)(51) under the Investment Company Act.