Reinova Capital Advisors LLC

Item 5. Fees and Compensation

Reinova is entitled to annual management fees from investors (“Limited Partners”) in the
Private Fund of 1.75% of the Limited Partners capital commitment. which will be paid
quarterly in advance and subject to the terms of the applicable limited partnership
agreement. Reinova is also entitled to a performance-based fee which is further
discussed in Item 6. Reinova reserves the right to apply different fee and expense
arrangements to Investors on an individual basis. Following the investment period there
is a continued base management fee of 1.75% on invested capital. In each case, base
management fees may be subject to reduction pursuant individual agreements with
Limited Partners depending on customary provisions related to size and/or first closing
commitments.

The Private Fund clients are responsible for all legal and other expenses incurred in the
formation and offering of the Fund, together with all of its operating expenses, including
legal, custodian, administration, audit, accounting, investment related costs, including
unconsummated investments, interest on and fees and expenses related to or arising
from indebtedness or hedging activities of the Fund, structuring costs, insurance
premiums, regulatory and compliance expenses, organizational, Advisory Committee
and the annual meeting expenses, litigation expenses involving the Fund or an entity in
which investments are made, directly or indirectly, and other expenses, and each Limited
Partner bears its pro rata portion of these expenses as set out in the applicable offering
documents.

This is a general overview of expenses. Please refer to the applicable offering documents
for a complete list fee and expense disclosures.

Item 7. Types of Clients

Reinova’s clients are comprised of only Private Funds as described in Item 4. Investors
in the Private Fund are expected to be, among others, endowments, foundations,
pension funds, insurance companies and family offices. All investors or Limited
Partners in the Funds generally have a minimum capital commitment of $5 million. The
Funds’ general partners reserve the right to accept a smaller capital commitment in
their discretion.