Summit House Capital Management LLC

Item 5 Fees and Compensation

Advisory Fees

Below is a summary of how the Adviser is compensated in connection with providing advisory services to
its Clients. Summit House is entitled to enter into side letter agreements with some Investors in the Funds
varying the terms of their investment, including lower fee arrangements. Current and prospective clients
should carefully review all fees charged by the Adviser. Different fees are charged to different Clients and
Investors, and fees can be waived, rebated, or reduced for certain Clients and Investors.

Fund Management Fees. Subject to the terms of governing documents, generally Summit House charges
each Fund an annual management fee (the “Management Fee”) of 1.5% of (i) each limited partner’s called
capital until all committed capital is called; then (ii) the greater of each limited partner’s capital commitment
or their capital balance at the start of each quarter; then (iii) once cumulative capital distributions to such
limited partner equals or exceeds their capital commitment, each limited partner’s capital balance at the
start of each quarter. Management Fees, capital balances, and capital distributions are calculated and
determined by the Advisor in accordance with each Fund’s offering documents. Management fees are
calculated and payable in quarterly installments in advance commencing on the initial closing and on the
first day of each fiscal quarter thereafter. Installments of the Management Fee payable for any period other
than a full quarter shall be adjusted on a pro rata basis according to the actual number of days in such
period. The Adviser can waive, defer, or reduce management fees, but cannot increase such fees.

Performance-based Fees. Up to 20% of the Funds’ net investment proceeds are allocated to the capital
account of an affiliate of the Adviser as “Carried Interest.” Carried interest will be subject to certain
adjustments and reserves as stated in more detail in each Fund’s offering documents.

Except under certain limited circumstance, Summit House’s fees charged to its managed Funds are
generally not negotiable.

Managed Accounts

Summit House’s fees and compensation for separate account advisory services are governed by the terms
and conditions of each agreement. Each such agreement is individually negotiated, and therefore fees and
compensation vary greatly between them.

Other Fees and Expenses

Expenses described below are general in nature and not intended to be exhaustive. In addition to the
Management Fee and incentive allocation described above, Clients are subject to the following expenses:

 (a)     activities with respect to the structuring, organizing, negotiating, consummating, financing,
refinancing, diligence (including expert network or due diligence calls and any subscriptions to periodicals
or databases), acquiring, bidding on, owning, managing, monitoring, operating, holding, hedging,
restructuring, trading, taking public or private, selling, valuing, winding up, liquidating, dissolving or
otherwise disposing of, as applicable, portfolio companies and the Funds’ actual and potential investments
(including follow-on investments and refinancing) or seeking to do any of the foregoing (including any
associated legal, financing, commitment, transaction or other fees and expenses payable to attorneys,
accountants, tax professionals, investment bankers, lenders, third-party diligence software and service
providers, consultants and similar professionals in connection therewith, any associated fees and expenses
related to subscriptions to periodicals or databases and any fees and expenses related to transactions that

may have been offered to co-investors), whether or not any contemplated transaction or project is
consummated and whether or not such activities are successful, and including (for avoidance of doubt) any
broken deal expenses;

(b)     indebtedness of, or guarantees made by, the Fund, the Adviser, the general partner, or any affiliate
on behalf of the Fund (including any credit facility, letter of credit, margin, or similar credit support), including
repayment of principal and interest with respect thereto, or seeking to put in place any such indebtedness
or guarantee;

(c)    financing, commitment, origination and similar fees and expenses (including payments made in
connection with lines of credit, swaps, and other forms of leverage);

(d)     broker, dealer, finder, underwriting (including both commissions and discounts), loan
administration, private placement fees, sales commissions, investment banker, finder, and similar services;

(e)     brokerage, sale, custodial, depository (including a depository appointed pursuant to the AIFMD or
any law, rule or regulation relating to the implementation thereof in any relevant jurisdiction), Swiss
representative and paying agent (pursuant to the Swiss Collective Investment Schemes Act (as amended)
including any law, rule or regulation relating to the implementation thereof), trustee, record keeping, account
and similar services;

(f)     legal, accounting, research, auditing, administration (including fees and expenses associated with
any third-party administrator and administration, tracking or reporting software or third-party service
providers), information, appraisal, advisory, valuation (including third-party valuations, appraisals or pricing
services), consulting (including consultants engaged to enhance regulatory compliance, perform
investment initiatives, provide services related to environmental, social and governance investment
considerations and policies, and other similar consultants), tax, financial & operational support, and other
professional services;

(g)      reverse breakup, termination, and other similar fees;

(i)      filing, title, transfer, registration and other similar fees and expenses;

(j)      printing, communications, marketing, and publicity;
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Item 7 Types of Clients

As discussed in Item 4 – Advisory Business of this Brochure, Summit House currently provides investment
management services, as an investment adviser to private pooled investment vehicles and managed
accounts. Our Funds and Managed Accounts are U.S. (Delaware) or Cayman Islands domiciled. Investors
in the Funds may include high net worth individuals and other institutional investors meeting the terms of
the exceptions and exemptions under which the Funds operate. Although we have the authority to accept
subscriptions for a lesser amount, the required minimum investment in the Funds is generally $1,000,000.
Please review each Fund’s offering documents for more information pertaining to investor suitability. As of
the date of this Brochure, Summit House does not have a set minimum to open a Managed Account.