Summit Peak Investments LLC

Item 5. Fees and Compensation

The Adviser, or one of its affiliates, typically receives compensation for providing investment
advisory services from each of its Clients in the form of (1) an annual management fee of up to
1% per annum based on a percentage of assets managed (generally based on capital committed or
capital deployed) and (2) performance-based compensation of up to 20% of all net income and
gains and losses derived from portfolio investments which may be referred to as carried interest.

The details of how The Adviser calculates its advisory fee and performance-based compensation
is set forth in each Client’s Governing Documents. Fees for advisory services are negotiable. The
Adviser only receives performance-based compensation when distributions occur in accordance
with the relevant Governing Documents for each Client relationship. As a result, The Adviser
does not receive performance-based compensation on a regularly scheduled basis.

The Adviser deducts its management fees directly from its Clients’ accounts each quarter in
advance. Clients who pay management fees in advance may be refunded a prorated portion of the

management fee if the advisory relationship was terminated prior to the end of the relevant billing
period.

In connection with our advisory services, our Clients (and indirectly the investors) generally bear,
or have borne, each of their own operating and investment-related expenses, including but not
limited to, for example:

   •   organizational and formation expenses, management fees, expenses associated with any
       feeder or related entities (including special purpose vehicles, co-investment vehicles,
       alternative investment vehicles or any similar entity or structure), all sales or other taxes,
       fees or government charges assessed against such entities ;
   •   fees, costs and expenses directly related to the identification, acquisition, holding,
       monitoring and disposition of investments (including legal, due diligence and out-of-
       pocket expenses), including (A) interest and expenses payable on any indebtedness
       incurred by a Client, (B) all costs associated with currency conversion, translation and
       hedging, (C) all registration expenses, (D) commissions, (E) finders’, brokerage, custodial
       and other similar fees and expenses, (F) expenses attributable to legal, advisory, appraisal,
       valuation, compliance, brokerage, consulting, liquidation and/or or other services such as
       escrow, (G) reasonable travel and travel related expenses authorized under the Adviser’s
       Employee Expense Reimbursement Policy and other expenses payable to third parties
       including all fees and expenses payable to lenders, investment banks and other financing
       sources in connection with arranging financing for such transactions, (H) expenses
       attributable to facilitation vehicles formed in connection with a Client’s investment
       activities, in each case regardless of whether such investments or dispositions are
       consummated;
   •   costs and expenses of managing each Client’s investments;
   •   industry trade association membership fees and attendance costs;
   •   fees and expenses of outside consultants and experts that the Adviser may engage in
       connection with making or managing investments;
   •   any withholding or other taxes;
   •   expenses of custodians, third-party tax professionals and auditors, attorneys, valuation
       providers, consultants and other service providers;
   •   insurance and risk management expenses;
   •   costs and expenses incurred in dissolving, winding-up and terminating each Client and in
       realizing its investments;
   •   marketing expenses and the costs of any and all reports provided to investors or meetings
       held for one or more investors;
   •   other administration costs such as fund administration and preparation of tax returns and
       Schedules K-1, financial statements; and
   •   indemnification expenses and the expenses related to any actual, threatened or ongoing
       litigation, investigation, examination or audit.

Additional information on fees and expenses incurred by Clients can be found in each Client’s
applicable Governing Documents. Neither we nor any of our Supervised Persons (as defined
below) accept compensation in connection with the sale of interests in the Clients.

Any of the Adviser’s Clients that invest in parallel share joint expenses on a pro rata basis, as
applicable (unless tax, regulatory or other reasons dictate otherwise).

Item 7. Types of Clients

Currently, the Adviser’s Clients are pooled investment vehicles. Investors in these vehicles
include or may in the future include (but are not/will not be limited to):

   •   individuals;
   •   pension and profit sharing plans (domestic and foreign);
   •   segregated accounts formed by insurance companies;
   •   family offices;
   •   trusts, estates, charitable organizations, endowments foundations; and
   •   limited liability companies and corporations; and
   •   other institutional investors

Investors that are U.S. persons must be “Accredited Investors” under Regulation D under the
Securities Act and in general, “Qualified Clients” under the Advisers Act eligible to be charged a
performance fee.

Generally, the Clients do not have a stated minimum investment amount. The Adviser has the
discretion to waive any minimum investment requirements for investment in the Clients.