Summit Private Investments Inc

Item 5 – Fees and Compensation

Advisory Fees and Compensation

In consideration for the investment management services provided to SPI Funds, SPI (and/or
an affiliate) generally receives as a management fee an amount not exceeding 0.25% per quarter (1.0%
per year) of a limited partner’s capital account (or a shareholder’s net investment in the offshore
fund). For Summit Private Investments Plus, L.P., the management fee will not exceed 1.25% of
a limited partner’s capital account. These management fees are not negotiable; however lower
management fees may be charged for larger accounts. Management fees may differ by fund vehicle
and are described more fully in each Fund’s governing documents. Investors should note that in

addition to the fees and expenses charged by SPI, there may also be fees and expenses charged
by the underlying fund managers. SPI may, in its sole discretion, waive or reduce the management
fees with respect to certain investors, including affiliates of the Funds and SPI.

The precise amount of, and the manner and calculation of, the management fees for each of the SPI
Funds are set forth in the respective Fund’s governing documents and/or other documentation
received by each investor prior to investment in such Fund. The amount of management fees, fund
expenses, and any offset thereof may differ from one Fund to another, as well as among
investors in the same Fund. To limit Fund expenses, the SPI Funds generally use an expense cap
which does not include interest costs or management fees.

In connection with the Investment Planning Portfolios, annual fees range from 1.00% to 0.35%,
based on assets under management. These fees are negotiable. If a relationship is either terminated
or initiated during a quarter, the fee will be pro-rated based on the number of days the assets were
managed during the quarter. In addition to the investment management fee payable to SPI, the
mutual funds, limited partnerships, or other entities in which a client invests also charge investment
management fees and other expenses. Further, the custodian may assess transaction charges.

Payment of Fees

In connection with the SPI Funds, management fees are deducted from client accounts on a quarterly
basis in advance at either the beginning of the quarter or upon the date the investment is made
(where the investment is made at other than the first day of a quarter). In connection with the
Investment Planning Portfolios, management fees are either deducted quarterly, in arrears, from client
accounts or, at the client’s election, are billed to the client.

Other Fees and Expenses

Each SPI Fund pays all of its own accounting, legal, organizational, and operating expenses (including
an allocation of direct expenses incurred by the Investment Manager), as well as its pro rata share
of expenses of any entity in which the SPI Fund invests. The General Partner and/or the
Investment Manager will be responsible for and shall pay, or cause to be paid, all ordinary office
overhead expenses including but not limited to rent, supplies, secretarial expenses and stationery,
research and travel.

Neither SPI nor any of its supervised persons receives any compensation for the sale of securities
or sales charges or service fees from the sale of mutual funds (i.e., 12(b)1 fees or “loads”).

Item 7 – Types of Clients

SPI provides discretionary investment advice to both the SPI Funds, which are fund-of-funds
vehicles, and SPI’s Investment Planning Portfolio clients. SPI limits its Fund investors to persons who
are “accredited investors” as defined in the Securities Act of 1933 and are also either “qualified clients”
or “qualified purchasers” as defined in the Investment Advisers Act of 1940. Through the SPI Funds,
SPI manages accounts for U.S. and non-U.S. individuals, retirement accounts, trusts, pension
funds, foundations, and endowments. For the Investment Planning Portfolios, SPI manages assets
for clients who are high net worth individuals and their retirement accounts, trusts, and family
entities.

The minimum investment in the SPI Funds is disclosed in the applicable offering memorandum
and is generally $500,000, though lesser amounts may be accepted in the Firm’s discretion. The
minimum investment for Investment Planning Portfolio clients is generally $1 million.