Savant Partners LLC

ITEM 5 – FEES AND COMPENSATION

     Fund Asset Management 1   0

     Savant, the General Partner or their respective affiliate, typically receives a management fee (“Management
     Fee”) for providing investment advisory and administrative services to its Funds. Generally, the
     Management Fee is 1.25% per annum based on each investor’s capital commitment during the investment
     period and, thereafter, calculated based on invested capital as described in the Governing Documents. The
     applicable Management Fee rates for each Fund are disclosed to investors in the Governing Documents for
     each Fund. Management Fees are paid quarterly in advance generally from capital contributions from
     investors.

     Side Car Funds Asset Management Fee
     The Management Fee with respect to the Side Car Funds are generally calculated on the same basis as the
     Fund Asset Management Fee as set forth above with the fee per annum typically at 1.25% or below. The
     applicable Management Fee rates for each Side Car Fund are disclosed to investors in the Governing
     Documents for each Side Car Fund. Management Fees are paid quarterly in advance generally from capital
     contributions from investors.

     Co-Investment Funds Management Fee
     There is typically no Management Fee with respect to the Co-Investment Funds. The applicable
     Management Fee rates for each Co-Investment Fund are disclosed to investors in the Governing Documents
     for each Co-Investment Fund. As applicable, Management Fees are paid quarterly in advance generally
     from capital contributions from investors.

     The Management Fee is subject to reduction in the event the General Partner, Savant or their respective
     affiliates receive, directly or indirectly, any directors’ fees, transaction fees, organizational fees, investment
     banking fees, break-up fees, advisory fees, topping fees, monitoring fees, commitment fees or other similar
     fees, as further described in the LPA.

     Pooled investment vehicles that Savant may advise in the future may be subject to different fee
     arrangements that will be outlined in further detail within their respective Governing Documents.

     Fund Performance-Based Fee payable upon Distribution/Realization of Proceeds
     Subject to a clawback, Savant, the General Partner, or their respective affiliate are eligible to receive a
     percentage of profits on any distributions made by the Fund (the “Carried Interest”). Carried Interest will
     generally be up to 20% and further subject to certain terms and conditions as more fully described in such
     Fund’s Governing Documents. The precise amount of, and the manner and calculation of, the Carried
     Interest for each Fund is disclosed in the Governing Documents of each respective Fund. The General
     Partner of the Fund may waive or reduce the amount of Carried Interest borne by any investor.

     Side Car Funds Performance-Based Fee payable upon Distribution/Realization of Proceeds
     Subject to a clawback, Savant, the General Partner, or their respective affiliate are eligible to receive a
     percentage of profits on any distributions made by the Side Car Funds. Carried Interest will generally be up

    Capitalized terms are defined within each respective Fund’s LPA.

to 15% and further subject to certain terms and conditions as more fully described in such Side Car Fund’s
Governing Documents. The precise amount of, and the manner and calculation of, the Carried Interest for
each Side Car Fund is disclosed in the Governing Documents of each respective Side Car Fund. The
General Partner of the Side Car Fund may waive or reduce the amount of Carried Interest borne by any
investor.

Co-Investment Funds Performance-Based Fee payable upon Distribution/Realization of Proceeds
Subject to a clawback, Savant, the General Partner, or their respective affiliate are eligible to receive a
percentage of profits on any distributions made by the Co-Investment Funds. Carried Interest will generally
be up to 15% and further subject to certain terms and conditions as more fully described in such Co-
Investment Fund’s Governing Documents. The precise amount of, and the manner and calculation of, the
Carried Interest for each Co-Investment Fund is disclosed in the Governing Documents of each respective
Co-Investment Fund. The General Partner or its respective affiliate of the Co-Investment Fund may waive
or reduce the amount of Carried Interest borne by any investor.

Savant reserves the right to elect to reduce, waive or calculate differently the Management Fee and/or
Carried Interest with respect to any investor, including the Lead Investor, employees or partners of Savant,
the general partner or their affiliates, or their respective family members or trusts or estate planning vehicles
of such persons.

It is important that investors refer to the LPA for a complete understanding of how the affiliate of
the Adviser is compensated for services. This is particularly true with respect to performance-based
compensation. The information contained herein is a summary only and is qualified in its entirety
by such documents.

Sub-Adviser Fees
In its capacity as a sub-adviser to the Sub-Advised Funds, Savant receives compensation from the Kennet
Affiliates. Savant shall identify and evaluate possible investment opportunities for the Sub-Advised Funds
and make investment recommendations to the Kennet Affiliates. Savant shall receive a pro-rata portion of
the management fees earned by the Kennet Affiliates from the Sub-Advised Funds. In addition, certain
members of Savant may individually receive carried interest awards through the Kennet Affiliates of the
Sub-Advised Funds.

Expenses
Each Fund bears all legal and other expenses incurred in the formation of the Fund and related entities, as
set forth in the respective Fund’s Governing Documents. Certain Funds may establish an excess cap and
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ITEM 7 – TYPES OF CLIENTS

Savant provides investment advice to the Clients, as described in Item 4, above.

The Fund is open only to investors meeting certain suitability requirements. In addition, the Fund required
a significant minimum capital commitment, subject to modification by the General Partner.