Rockland Capital LP

Item 5 – Fees and Compensation

The Company and/or its affiliated general partners, member managers, or other affiliates generally
receive management fees and/or carried interest or similar profit allocations from Advisory Clients
for the economic and investment advice and analysis services (“Advisory Services”) provided.
Neither Rockland nor any of its supervised persons accepts any compensation for the sale of
interests in the Advisory Clients.

Advisory Clients could also indirectly incur or generate other fees payable to the company and its
affiliates, depending on the nature of their portfolio activities. The Company or its affiliates could,
for example, earn fees and other compensation from prospective and actual portfolio companies,
purchasers, sellers and other parties as compensation for services (collectively, “Transaction
Fees”). These Transaction Fees can include project, structuring, topping, break-up, directors’,
organizational, set-up, closing, commitment, advisory, consulting, underwriting, and syndication
fees in connection with the purchase, monitoring, or disposition of underlying investments or from
unconsummated transactions. The specific legal and/or organizational documents of the relevant
Advisory Client or the investment management agreement between the Company (or an affiliate)
and such Advisory Client set forth the fee structure relevant to the Investors in such Advisory
Client. To the extent provided for in such organizational documents or investment management
agreement, the Company’s management fees from Advisory Clients in many cases are reduced by
a specified portion of the Transaction Fees that are borne by such Advisory Client.

Advisory Clients will also bear certain out-of-pocket expenses incurred by the Company and/or its
affiliates in connection with services provided to such Advisory Clients. The following sections
discuss the most common fees and expenses in more detail.

Common Types of Fees

Management Fees

For Advisory Clients that are pooled investment funds, the annual management fee is typically
1.75 - 2.0 percent of Investors’ committed capital during the relevant Advisory Client’s investment
period, and afterward, the fee percentage is typically applied only to the capital remaining in
investments that have not yet been exited. For services provided to certain pooled investment
funds, the Advisory Client will pay a flat rate of management fee generally in the range of 1.75 -
2.0 percent to the Company or one of its affiliates. Specific management fee arrangements for
each Advisory Client are summarized herein.

Management fees are generally paid quarterly by or on behalf of an Advisory Client by (i) requiring
Investors in such Advisory Client to make capital contributions in respect of such fees, or (ii)
withholding the amount of such fees from investment proceeds that would otherwise be
distributable to the Investors of such Advisory Client. In addition, Rockland will likely have the
ability to cause such Advisory Client to borrow money for the payment of such fees.

Management fees are negotiable and, depending on the Advisory Client, will be payable in
advance or arrears. If management fees are assessed in advance, they are generally required to be

returned to the Investors in such Advisory Client should Rockland’s management services to the
Advisory Client be terminated prior to the end of the period in respect of which the fees have been
paid (including, for example, situations where the final distribution by an Advisory Client occurs
prior to the end of a period for which management fees have already been paid). In general, the
amount of such fees to be returned is calculated based on the number of days remaining in the
applicable period.

The Rockland Funds pay management fees on a quarterly basis, in advance. As described above,
Investors in the Rockland Funds indirectly pay the management fees either by way of capital
contributions to the applicable Rockland Fund or withholding of otherwise distributable proceeds
from the applicable Rockland Fund, according to their respective “Net Capital Commitments” as
described below.

    •   Rockland Power Partners II, LP
           o 2% of Investors’ Net Capital Commitments

    •   Rockland Power Partners III, LP
          o 2% of Investors’ Net Capital Commitments provided, however, the Management
             Fee will be reduced to an amount equal to 1.75% per annum of Net Capital
             Commitments on the first date on which a subscription is accepted and management
             fees begin accruing by an additional fund that has the same or similar investment
             criteria. Moreover, the Management Fee will be reduced to 1.75% per annum with
             respect to amounts exceeding $450 million.

   •    Rockland Power Partners IV, LP
           o 2% of Investors’ Net Capital Commitments.

    •   Rockland Power Partners V, LP
           o 2% of Investors’ Net Capital Commitments

   •    Jackrabbit Power Holdings, LLC
           o No management fee is generally payable but certain Investors have agreed to pay
              an annual management fee in the range of 0.5% – 1.0% of each such Investor’s
              capital contribution subject to certain thresholds and conditions.

   •    Bowline Point Power Holdings, LLC
          o No management fee is payable.

   •    Terrapin Power Holdings, LLC
           o No management fee is generally payable but an investor has agreed to pay an annual
              management fee of 1.0% of such Investor’s capital contribution subject to certain
              thresholds and conditions.

   •    Eagle Point Power Generation Holdings, LLC
           o $10,000 management fee per year payable to Rockland Capital, LP.

       •   Rockland GridFlex Partners, LP
              o 1% of Investors’ pro rata share of the adjusted cost of all unrealized investments
...

Item 7 - Types of Clients

Rockland provides investment advisory services to pooled investment vehicles. The Investors in
these vehicles consist of institutional investors and high net worth individuals. Additionally,
Rockland, its affiliates and equity owners typically invest in Rockland’s Advisory Clients.
Interests in Rockland-sponsored investment vehicles are privately offered. The Company and its
affiliates generally require that each third-party Investor in an Advisory Client be an “accredited
investor” as defined in Regulation D under the Securities Act of 1933, as amended (the “Securities
Act”), and a “qualified purchaser” as defined in the Investment Company Act of 1940 (the “1940
Act”). Performance fees will only be charged to Advisory Clients whose Investors are “qualified
clients” within the meaning set forth in Rule 205-3(d) under the Advisers Act.

Typically, a minimum investment amount of $10 million is imposed on third parties investing in
the investment vehicles for which the Company acts as investment adviser; however, this
minimum will often be subject to a reduction upon prior agreement by the Company or an affiliate
in its sole discretion subject to the applicable legal requirement. A minimum investment amount
will also be established pursuant to the laws of the jurisdiction in which the investment vehicle
was established.