Seven Bridges Advisors LLC

Item 5 – Fees and Compensation

A. Describe how you are compensated for your advisory services. Provide your fee schedule. Disclose
whether the fees are negotiable.

Seven Bridges is compensated for its advisory services generally through an advisory fee charged to
Advisory Clients and a management fee charged to Fund Clients and IDF Clients.

As compensation for its investment advisory services to Advisory Clients, Seven Bridges receives an annual
advisory fee ranging from 0.20% to 1.25% of the assets of Advisory Clients under management with Seven
Bridges, generally payable quarterly in advance. Fees may be higher or lower than indicated above with
respect to a particular Advisory Client, depending on the characteristics of the Advisory Client and the
assets managed by Seven Bridges. As compensation for its investment advisory services to Fund Clients,
Seven Bridges receives an annual management fee ranging from 0.50% to 1.25% of the net assets of each
Fund Client, generally payable quarterly in advance. Seven Bridges may elect, in its sole discretion, to
reduce or waive the management fee with respect to an investor in a Fund Client. In particular, Seven
Bridges typically waives management fees in respect of investors in Fund Clients who are principals and
employees of Seven Bridges and its affiliates and also in respect of such persons’ respective family
members. To the extent an Advisory Client invests in a Fund Client or an IDF Client, any management
fees received by Seven Bridges in connection with such investment and attributable to such Advisory Client
are credited against such Advisory Client’s advisory fee.

As compensation for its sub-advisory services to IDF Clients, Seven Bridges receives a portion of the
management fee received by SALI as the investment adviser to the IDF Clients. The management fee
typically ranges from 0.40% per annum to 1.10% per annum of the net asset value of the applicable IDF
Client, generally payable on a monthly basis. Certain IDF Clients pay quarterly in advance. SALI retains
0.10% per annum of the net asset value of the applicable IDF Client, and the balance of the fee is paid to
Seven Bridges within 15 business days from the date that such fee is collected by SALI.

Seven Bridges does not charge a performance fee to its Clients. Accordingly, except to the extent that
better performance increases assets under management and thus the amount of the advisory or management
fee, such fees are payable without regard to the overall success or income earned by Clients.

Investors and prospective investors in Fund Clients and IDF Clients should refer to the private placement
memorandum or other offering documents of the respective Fund Client or IDF Client for detailed
information with respect to the fees associated with such Client. The information contained herein is a
summary only and is qualified in its entirety by such documents.

B. Describe whether you deduct fees from clients’ assets or bill clients for fees incurred. If clients
may select either method, disclose this fact. Explain how often you bill clients or deduct your fees.

Seven Bridges does not deduct its fees from Advisory Clients’ assets. Advisory fees are generally paid by
Advisory Clients to Seven Bridges pursuant to an advisory agreement between the parties.

Seven Bridges (or an affiliate) deducts fees from Fund Clients’ assets. Management fees are generally paid
by Fund Clients quarterly in advance pursuant to the relevant investment management agreement.

Seven Bridges does not deduct its portion of the management fee from the assets of IDF Clients. As
discussed above, payment of its portion of the fees is remitted to Seven Bridges by SALI within 15 business
days from the date the management fees are collected by SALI.

Advisory fees and management fees in respect of an Advisory Client may be waived or modified in the sole
discretion of Seven Bridges. In particular, such fees will typically be waived in the case of Advisory Clients
who are affiliated with Seven Bridges and also in the case of such person’s respective family members. In
addition, as noted above, management fees received by Seven Bridges in connection with the investment
by an Advisory Client in a Fund Client or an IDF client are credited against such Advisory Client’s advisory
fee.

C. Describe any other types of fees or expenses clients may pay in connection with your advisory
services, such as custodian fees or mutual fund expenses. Disclose that clients will incur brokerage
and other transaction costs, and direct clients to the section(s) of your brochure that discuss
brokerage.

Seven Bridges’ fees are exclusive of other types of fees and expenses (including operating expenses) that
may be chargeable to client accounts such as custodial, administration, brokerage, placement agent, legal
and accounting fees, investment-related expenses (including direct research costs and research-related
business travel costs), liability and other fees and expenses that may be charged by Managers. Assets
invested in Separately Managed Accounts and Investment Vehicles managed by Managers may be subject
to both management and performance fees which are in addition to the fees charged by Seven Bridges to
its Clients. Seven Bridges does not share in any fees charged by the Managers. Please refer to the applicable
advisory agreement for additional information regarding fees and expenses that may be borne by client
accounts.

In addition to the above types of expenses, Fund Clients will generally bear all costs and expenses incurred
in connection with their formation and organization. The Fund Clients will also generally bear all expenses
incurred by Seven Bridges (or its affiliates) in connection with the initial and continuous offering of interests
or shares in the Fund Clients (other than placement fees). Please refer to the applicable Fund Client’s
...

Item 7 – Types of Clients

Describe the types of clients to whom you generally provide investment advice, such as individuals,
trusts, investment companies, or pension plans. If you have any requirements for opening or
maintaining an account, such as a minimum account size, disclose the requirements.

Seven Bridges provides investment advisory services to pooled investment vehicles on a discretionary basis
and to high net worth individuals and institutional investors such as charitable and not-for-profit institutions,
family offices and trusts on both a discretionary basis and a non-discretionary basis.

The minimum initial investment amount for investors in Fund Clients and IDF Clients is generally
$1,000,000. The minimum requirement generally can be waived in the discretion of Seven Bridges GPs or
the board of directors, as applicable, of a Fund Client (or, in respect of an IDF Client, the general partner
of the SALI Partnership), or their respective delegees, subject to minimum requirements for those Fund
Clients organized in the Cayman Islands.

There is no minimum account size for opening or maintaining an Advisory Client’s account.