Stable Asset Management LP

Item 5: Fees and Compensation

Management Fees and Performance-Based Compensation

The fees payable to Stable by the Funds are summarized below and set forth in further detail in
each Fund’s Offering Documents. The fees payable to Stable by the Advisory Clients are
individually negotiated and set forth in investment advisory agreements with those Advisory
Clients.

With respect to the Funds, Stable typically receives two types of compensation from investors—
an asset-based management fee and performance-based compensation. Generally, each year, SAMI
Ltd. charges Investors in the Funds a negotiable asset-based management fee ranging from 0.50%
to 2.0% of each Investor’s assets that Stable manages through the Funds and the general partners
of the Funds (or its designee) are entitled to performance-based compensation in the form of
carried interest ranging from 10% to 20% of each Investor’s share of the profits of the Funds or,
for certain Funds, particular investments.

With respect to Funds, the asset-based management fee is generally prorated for any period that is
less than a full month or, with respect to certain Funds, calendar quarter. Stable may, in its sole
discretion, waive or modify the management fee and/or performance fee for persons affiliated with
Stable and certain other Investors in the Funds. The management fees described above are
generally deducted from each Fund account by the relevant Fund’s administrator upon SAMI
Ltd.’s proper instructions.

In the event that any person affiliated with Stable receives any directors fees, consulting fees,
advisory fees, management fees, transaction fees, closing fees, monitoring fees or break-up fees
from a counterparty in connection with a Fund’s investment activities, net of any related expenses
(collectively, “Transaction Fees”), then an amount equal to one hundred percent (100%) of those
Transaction Fees will offset and reduce the amount of the management fees otherwise payable to
Stable by the Fund with respect to the period immediately following the receipt of such fees.

Other Expenses

The expenses borne by the Advisory Clients are individually negotiated and set forth in investment
advisory agreements with those Advisory Clients.

In addition to paying management fees and performance-based compensation, each Fund will pay
(or reimburse Stable) for other expenses in accordance with its Offering Documents, which
expenses may include the following:

    (i)     the legal fees and other expenses incurred in connection with the Investment Adviser’s
            and its affiliates’ initial and ongoing registration as an investment adviser with the SEC,
            and any and all costs and expenses (including legal fees and expenses) incurred to
            comply with any law or regulation related to the activities, business, operations and/or
            holdings of the Fund (including, without limitation, expenses relating to the
            preparation and filing of Form PF with respect to the Fund’s assets, reports to be filed
            with the Commodity FuturesTrading Commission, other regulatory filings of Stable
            and anti-money laundering compliance expenses);
    (ii)    expenses incurred in connection with the organization of the Fund and any alternative
            investment vehicles established by Stable, including, without limitation, legal,
            accounting, administrative and other expenses relating to the offer and sale of the

         Fund’s interests or shares (including Form D and “blue sky” filing costs and fee and
         expenses related to negotiating agreements with prospective and existing Investors
         (including side letters));
(iii)    Costs and expenses incurred in connection with the evaluation, negotiation,
         acquisition, monitoring or disposition of investments, whether or not consummated,
         including, without limitation, loan fees, private placement fees, sales commissions,
         appraisal fees, taxes, brokerage fees, research fees, interest and commitment fees,
         transfer taxes and premiums, underwriting commissions and discounts, and legal,
         accounting, consulting, information services and professional fees, reimbursements to
         Portfolio Managers and/or their principals for certain expenses deemed advisable by
         Stable and research related-travel, communications and all other expenses related to
         the discovery, investigation, development, monitoring, making and disposition of
         investments and any Profits Interests and/or Exit Interests related thereto;
(iv)     Costs and expenses incurred in connection with the carrying or management of
         investments, including computer and reporting systems (including risk or other
         software systems or data subscriptions for monitoring purposes), interest and related
         expenses and custodial, trustee, record keeping and other administrative fees and
         expenses;
(v)      Costs and expenses incurred in connection with the incurrence of indebtedness,
         including, without limitation, borrowings, credit facilities, margin financing and the
         costs of establishing such indebtedness, the costs of monitoring compliance therewith,
         and the costs of any commitment, trustee and legal fees and expenses, and any
         principal, interest, fees, expenses and other amounts due and owing in connection
         with such indebtedness;
(vi)     Costs and expenses incurred in connection with the preparation and delivery of the
         Fund’s financial statements, reports, tax returns or similar schedules;
(vii)    Costs and expenses incurred in connection with any meetings with Investors;
(viii)   Fees and disbursements of attorneys, accountants and other professional advisors
         relating to Fund matters;
(ix)     Taxes and other governmental charges that may be incurred or payable by the Fund;
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Item 7: Types of Clients

As previously described in Item 4 above, Stable’s Clients currently consist of the Funds and the
Advisory Clients.

The Advisory Clients typically consist of institutional investors, including sovereign wealth funds
and pension plans.

With respect to the Funds, any initial and additional subscription minimums are disclosed in the
relevant Offering Documents for each Fund. Minimum investment amounts have been, and may
in the future be, reduced in the sole discretion of Stable (or by such Fund, as applicable).

Although Stable does not maintain a specific minimum dollar value of assets or other conditions
for opening a separately managed account, any such additional account relationship would generally
involve a significant minimum account size.