Silver Rock Capital Partners LP

ITEM 5. FEES AND COMPENSATION

Except as otherwise described below, the Firm typically charges fees (1) equal to a set
percentage of assets under management and (2) for performance. Set forth below are summaries

of the fees payable by Clients and is qualified in all respects by the Clients’ Governing Documents.
Detailed disclosure about fees and expenses is provided in the relevant Client’s Governing
Documents, which should be carefully reviewed prior to making an investment.

FUNDS

Management Fees. SRCP generally receives management fees based on the net asset value
of the Fund’s assets as of the last day of each quarter. Such fees are typically assessed quarterly
and deducted from the Fund’s assets. Management fees are adjusted for contributions and
distributions made during the management fee period.

Performance Compensation. Affiliates of SRCP receive carried interest subject to a preferred
return. Compensation is more fully described in the Funds’ respective Governing Documents.

SRCP reserves the right to vary the management and performance-based fees as to particular
limited partners in the Funds by separate agreement and to reduce or waive any fees at any time.
SRCP charges a reduced fee or waives the fee for the capital of the Funds’ respective general
partners and certain of its and their affiliates, employees, and family members.

In addition, SRCP may in the future form and/or manage other Client vehicles with or for individual
investors. The management and incentive fees and expense reimbursement provisions for such
other Client vehicles are individually negotiated and may be dependent on the nature of the
advisory relationship and, therefore, fees and expenses charged to such Client vehicles may be
higher or lower than the fees and expenses charged to SRCP’s existing Clients.

Expenses. In addition to the fees noted above, the limited partners in the Funds also indirectly
bear the costs and expenses charged to the Funds. The Funds bear certain costs in connection
with their organization, as more particularly described in the Governing Documents of each Fund.

SRCP is responsible for its own general operating and overhead costs including salaries,
employee benefits, office rent and other general overhead costs. The Funds, however, generally
bear their own operating costs. Such fees and expenses vary but generally include the following:
brokerage commissions and other transaction-related compensation and charges (discussed
further in the Brokerage Practices section); interest, margin and other borrowing costs related to
investments, including currency and rate hedging costs; custodial and bank service fees; costs of
systems, facilities, and third-party services for order placement and order management; cost of
third-party services for clearance and settlement functions; costs incurred researching and
potentially acquiring or disposing of investments in connection with structuring or restructuring an
issuer’s capital structure or to otherwise participate in a restructuring effort (including professional
services fees, due-diligence-related travel expenses, third-party investigative services,
membership on creditors’ or equity-holders’ committees and out-of-pocket expenses associated
with any potential investment that is ultimately not consummated (i.e., a “broken deal” expenses));
costs related to the researching, acquiring, holding, valuing and/or monitoring investments and
potential investments (including third party analytical, valuation and/or reporting services, systems
and services for portfolio modeling, testing and other risk analysis, systems and services that
facilitate conducting and managing investment research, analysis and investment decision-

making and costs of attending symposia and conferences and participating in deliberations and
negotiations regarding investments); travel and lodging costs related to investment activities;
costs of quotation, computerized news, pricing and/or statistical services/software; audit,
accounting, tax preparing and reporting (including tax planning), valuation, third-party
administration, external bookkeeping, legal, valuation and other professional fees (including fees
paid to SRCP’s external counsel for services for the Funds’ benefit); fees and costs in connection
with litigation or potential litigation; transfer, withholding, income, stamp, and other taxes and
duties; costs of reporting to limited partners; costs of Fund meetings and other governance
activities; reimbursable expenses of the members of any advisory committee; registration, filings,
and licensing costs by governmental and self-regulatory organizations and costs of compliance
with regulatory or reporting requirements applicable to a Fund (including Schedules 13D or 13G,
Forms D, and Forms 3 and 4 and filings relating to a Fund required by non-US jurisdictions or
applicable law); a Fund’s allocable share of the costs of directors and officers, errors and
omissions, and other types of insurance maintained by SRCP or the Funds; and fees and
expenses paid or reimbursed to the Administrator; and all other reasonable expenses related to
a Fund’s operations or the purchase, sale or transmittal of assets.

Since SRCP manages multiple Clients, if a particular cost relates to more than one Client, SRCP
allocates the cost between the appropriate Clients in a manner it considers equitable and
consistent with the relevant Clients’ Governing Documents. For example, Clients will be charged
only their respective proportionate share of reimbursable expenses, and SRCP will bear the cost
of any portion attributable to a Client who is not charged for a reimbursable expense in accordance
with its Governing Documents. Similarly, there may be certain costs that relate to one Client but
not another Client, in which case SRCP will allocate the cost to the appropriate Client.

The Funds may pay their costs directly, or SRCP may advance costs and be reimbursed by the
...

ITEM 7. TYPES OF CLIENTS

As described in Item 4 (Advisory Business), the Firm provides investment advice to private
investment funds and separately managed accounts. Investors in the Funds and Managed
Accounts include institutional investors, such as pension and U.S. tax-exempt organizations,
endowments & foundations, sovereign wealth funds, entities owned by high net worth individuals,
insurance companies, family investment vehicles and others.

Shares or limited partnership interests in private funds formed by SRCP are not registered under
the U.S. Securities Act of 1933, as amended (the “Securities Act”); nor are they registered under
the Investment Company Act of 1940, as amended (the “Investment Company Act”). Accordingly,
interests or shares in such private funds are offered and sold exclusively to limited partners
satisfying the applicable eligibility and suitability requirements, either in private transactions within
the United States or in offshore transactions.

A limited partner in a Fund or in a Managed Account that is a private fund must be a “qualified
purchaser” within the meaning of the Investment Company Act and an “accredited investor” within
the meaning of Regulation D of the Securities Act of 1933. SRCP delivers this brochure only to
qualified purchasers as defined in the Investment Company Act.

Certain Clients have set minimum amounts for investment by prospective investors in, or holders
of interests in, such Clients, as described in their respective Governing Documents, which may
be, and have been, reduced or waived.