Proem Advisors LLC

Item 5: Fees and Compensation
As compensation for investment advisory services rendered to Funds, Proem Advisors typically
receives a management fee (each, a “Management Fee”) for each such Fund. The precise amount
of, and the manner and calculation of, the Management Fee may differ from one Fund to another,
as set forth in such Fund’s Governing Documents received by each investor prior to investment.

The Firm is also entitled to a performance fee (“Carried Interest Distributions”) based on cumulative
net profits from investments. Carried Interest Distributions, if applicable, are withheld from
distributions to investors.

Management Fees
As further discussed in the applicable Governing Documents, most Proem Advisors Funds will
generally pay a Management Fee to Proem Advisors that generally ranges from 1% to 2% per
annum, based on either the aggregate commitments or the called capital, depending on the Fund, of
the fee-paying Limited Partners. The Management Fee is payable monthly in advance at the
beginning of each calendar month on either the balance of each Capital Account or the called capital
as of the first calendar day of the month, depending on the Fund. Management Fees are generally
non-negotiable. The General Partner may, in its sole and absolute discretion, elect to reduce, waive
or calculate differently the Management Fee with respect to and Limited Partner, including without
limitation, Limited Partners that are officers, directors, managers, direct or indirect shareholders,
partners, members or current or former employees of Proem Advisors or its affiliates, including the
respective family members, trusts or other entities directed, supported, controlled by or established
for the benefit of such persons (“Excluded Parties”). The Management Fee will be charged and
prorated for partial periods; any paid but unearned fees will be returned to the investor.

The Management Fee for special purpose vehicles managed by Proem Advisors may be lower than
the Management Fee stated above or waived. Further details regarding the Management Fees
charged to the Funds are contained within each respective Fund’s Governing Documents. Investors
should refer to their applicable Fund Governing Documents in conjunction with this Brochure for
specific fees payable with respect to a particular Fund.

Item 7: Types of Clients
The Firm currently provides investment advisory services to the Funds. Investment advice is
provided directly to each Fund and not individually to investors in the Funds. The Funds’ investors
are limited to individuals and entities that meet certain suitability criteria including “accredited
investors”, “qualified clients” and “qualified purchasers”.

Generally, the minimum initial capital contribution by an investor is between $1,000,000 and
$5,000,000, depending on the Fund. Subject to the sole discretion of the respective Fund’s General
Partner, Proem Advisors may accept a lower minimum initial capital contribution. In the case of the

Proem Offshore Fund, the minimum initial capital contribution is $100,000 (or such other amount
that may be subject to Cayman Islands law). Proem Advisors may in the future offer funds or special
purpose vehicles with a different minimum investment requirement.