Savano Direct Capital Partners LLC

Item 5: Fees and Compensation

The fees applicable to each of the Funds are set forth in detail in the corresponding Offering
Documents. Each General Partner maintains an investment management agreement with Savano
that authorizes our Firm to manage the Fund in accordance with the provisions and terms of the
Offering Documents in exchange for compensation for the advisory services rendered. A summary of
the compensation paid to Savano, and the applicable fees of the Funds is provided below.
For further definitive information in this regard, please refer to the Offering Documents of the
applicable Fund Client.

Management Fee

Savano is paid an investment management fee (“Management Fee”) per annum of the net
asset value or committed capital of the Funds, as applicable. Currently, some Funds pay

management fees while others do not.

If a Fund pays Management Fees, the initial fee will typically range from 1.00% to 2.25% (per
annum), be paid in accordance with the funds’ governing documents, and may step-down
after a certain period of time. Please see each Fund’s Confidential Private Placement
Memorandum or other Offering Documents for more information.

The Firm, in its sole discretion, may waive or modify the Management Fee for any Investor.

Other Types of Fees or Expenses

Savano is authorized to incur and pay in the name and on behalf of the Funds all expenses
which they deem necessary or advisable.

The Firm is responsible for and shall pay, or cause to be paid, all of its normal overhead
expenses, including salaries, employee benefits, office rent, utilities, phones, travel unrelated
to investments or offering of interests in the Funds, and administrative costs associated with
providing administrative services to the Funds. For the avoidance of doubt, this does not
include outsourced fund administration and related services which are borne by the funds.

Subject to the expenses borne by the Fund General Partners pursuant to each Fund’s Limited
Partnership Agreement (“LPA”), the Funds shall bear all expenses incurred in connection with
the formation (subject to the limits below) and the operation of the Funds (“Fund Expenses”),
including without limitation those Fund Expenses described in the applicable Offering
Documents. For more information about Fund Expenses, please review the Private Placement
Memorandum and Limited Partnership Agreement carefully.

In general, each Investor will bear its proportionate share of the Fund expenses on a pro rata
basis with respect to the size of such Investor’s capital account(s) or capital commitment or
with respect to the relative net asset value of the shares held by such Investor, as applicable.

Notwithstanding the foregoing, the Fund GPs and/or the Firm, as applicable, may specially
allocate the expenses described herein in any other manner, including by allocating certain
expenses to certain (but not all) Investors, if the Fund GPs and/or the Firm, as applicable,
reasonably determines, in its discretion, that it is more equitable to do so or as permitted by
the Offering Documents.
To the extent that expenses to be borne by the Funds are paid by the Firm or its affiliates, the
Funds will reimburse the Firm or its affiliates for such expenses. We may waive any such
reimbursement with respect to any Fund expenses. Any waiver by us for reimbursement of
any Fund expenses shall not serve as a waiver of reimbursement for any future Fund expenses
to be paid by us or our affiliates.
Neither the Firm nor its employees accept compensation, including sales charges or service
fees, from any individual or entity for the sale of securities or other investment products.

Item 7: Types of Clients

Savano manages exclusively private fund offerings which are the only clients of the Firm. Each
offering is a pooled investment vehicle managed in a manner consistent to the directives set
forth in the applicable Offering Documents and not to any specific Limited Partner making an
investment in the offering. As described in Item 4 above, the Fund Clients are generally open
to, among others, institutional investors, pension plans, endowments, and high net-worth
individuals meeting the eligibility requirements set forth in the Offering Documents of the
Fund. Investment minimums are subject to the terms of the Offering Documents; however,
they may be reduced or waived at the discretion of the General Partner of the Fund.