Premium Point Investments LP

Fees and Compensation

PPI is not charging or accepting any of the advisory fees associated with any of the Funds during
the wind-down of each of the Funds and its investment advisory business. A description of the fee
structures associated with each of the Funds is below.

Each Fund was charged a management fee equal to 1 to 1.5% of assets under management
(management fee) and a performance fee of 10-20% of the net appreciation of assets. As noted
above, such fees are no longer being charged. Compensation is described further in the governing
documents of each Fund. Certain individual investors in the Funds have entered into side letters
which may vary the Fund’s terms, including, without limitation, management fees, performance
fees and/or transparency, as such terms relate to specific investors.

In general, management fees and performance based compensation applicable to a particular Fund
was deducted from the Fund quarterly in advance (in the case of management fees) or annually in
arrears (in the case of performance based compensation). If an advisory contract was terminated
before the end of a billing period, PPI would refund the proportionate amount of any pre-paid fee.

All fees and expenses are described further in the governing documents and investment management
agreement of each Fund, as applicable.

PPI would charge clients for all fees and expenses such clients incurred in the ordinary course of their
respective business, which included, pursuant to the provisions of the relevant Fund documentation,
without limitation, (i) continuing offering fees and expenses, (ii) exchange listing fees and expenses,
(iii) legal fees and expenses (including, without limitation, fees and expenses incurred in connection
with any action, arbitration, claim, demand, dispute, investigation, lawsuit or other proceeding and
indemnification payments), (iv) accounting and auditing fees and expenses, (v) tax audit costs, (vi)
tax filing preparation costs, (vii) taxes and assessments, (viii) costs related to the preparation,
reproduction and mailing of reports to investors, (ix) meetings with investors, (x) sales commissions,
(xi) director fees, (xii) loan level transactional fees, (xiii) servicing expenses, (xiv) costs related to
marketing materials, (xv) certain deal related expenses, as applicable, and financing charges and
related transactional expenses, (xvi) consultants’ fees, (xvii) expenses associated with compliance
with applicable laws and regulations, (xviii) technology expenses (including, without limitation, front
and back office systems utilized by a fund or in conducting fund business), (xix) specific expenses
incurred in obtaining systems, research and other information utilized with respect to the client’s
investment program, (xx) administrator fees, (xxi) custodial fees and (xxii) insurance expenses
(including director and officer insurance). Clients also were obligated to pay their respective
extraordinary fees and expenses (such as, for example, certain travel expenses), if any, pursuant to the
Fund’s applicable governing documents. In addition, the Fund clients that PPI sponsors were also
required to bear the cost of organizational expenses associated with that particular fund.

For a discussion of the brokerage arrangements PPI entered into on behalf of its clients and related
costs and expenses, see Item 12 Brokerage Practices below.

Types of Clients

PPI is no longer accepting new investors into the Funds during the course of the wind-down of the
Funds and the Firm’s investment advisory business. Investors in PPI’s Funds include, but are not
limited to institutional investors, pensions and profit sharing plans, charitable organizations, high
net worth individuals (including, without limitation, family offices), trusts and IRA accounts.

Generally, the minimum investment for a Fund investor was $5 million, subject to the sole
discretion of PPI to accept lesser amounts. Either PPI or its third-party administrative service
provider would verify the identity of prospective and current clients and investors as part of its
anti-money laundering (“AML”) and Office of Foreign Assets Control (“OFAC”) compliance
program.

Generally, investors participating in the Funds were required to meet certain eligibility and net
worth qualifications including the “qualified client” standard defined in Rule 205-3(d) under the
Investment Advisers Act of 1940 (the “Act”) where a performance fee is charged and that all
private fund investors generally must be “accredited investors” within the meaning of Rule 501 of
Regulation D under the Securities Act of 1933, as amended, and “qualified purchasers” (or
“knowledgeable employees”) as defined in Section 2(a)(51) of the Investment Company Act of
1940 (“Company Act”), as amended pursuant to the subscription documentation for each fund.