Rice Park Capital Management LP

Item 5, “Fees and Compensation.”

        Carried interest, or other performance-based compensation, creates a conflict of interest for the
Adviser, as the Adviser has an incentive to favor those Funds for which it receives a greater performance
fee over Funds for which it receives a lower or no performance-based fee. Additionally, to the extent that
the Adviser’s personnel are assigned varying percentages of carried interest from the Funds, such personnel
are subject to potential conflicts of interest, to the extent they are involved in identifying investment
opportunities as appropriate for Funds from which they are entitled to receive a higher carried interest
percentage.

         The existence of carried interest and performance-based compensation creates an incentive for the
Adviser to make more speculative investments on behalf of a Fund than it would otherwise make in the
absence of such arrangement, although the Adviser generally considers performance-based compensation
to better align its interests with those of its Investors.

         In addition, a specific provision of U.S. federal income tax law treats certain allocations of capital
gain by a partnership (such as the Funds) to a service provider (such as the Fund GPs) as short-term capital
gain, taxable to non-corporate taxpayers at ordinary income tax rates, unless the applicable holding period
is more than three years. Absent this provision, capital gain is taxable as long-term capital gain if the
applicable holding period is more than one year. This provision affects the Fund GPs’ beneficial owners
and creates an incentive for the Fund GPs and the Adviser to cause the Funds to hold investments for a
longer period than it might if the provision did not exist. Follow-on investments made for the purpose of
protecting or enhancing an existing investment, or making add-on investments, also represent similar
conflicts of interest as the holding period for the follow-on investment may be calculated differently
depending on the structure of such follow-on investment, incentivizing the Adviser to structure the
investment in a way that is most likely to result in a longer holding period.

         The Adviser seeks to address the potential for conflicts of interest in these matters with its allocation
policies and/or practices that provide that transactions and investment opportunities will be allocated to the
Funds in accordance with each fund’s investment guidelines and Governing Documents, as well as other

factors that do not include the amount of performance-based compensation received by the Adviser or any
personnel.

Item 7 - Types of Clients

         As described in “Item 4 - Advisory Business”, the Adviser provides investment advisory services
only to Funds, which are investment partnerships, or similar entities, which are exempt from registration
under the Investment Company Act of 1940, as amended (the “Investment Company Act”). The Investors
participating in the Funds may include individuals, banks or thrift institutions, other investment entities,
university endowments, sovereign wealth funds, family offices, pension and profit-sharing plans, trusts,
estates or charitable organizations or other corporations or business entities and may include, directly or
indirectly, principals or other employees of the Adviser and its affiliates and members of their families, and
Consultants or other service providers retained by the Adviser.

       Certain Funds have a minimum investment requirement for third-party Investors in the Fund(s).
Such minimum investment amounts may be waived by the Adviser.