Taiyo Pacific Partners LP

Item 5 – Fees and Compensation

Investors in the Funds and Accounts compensate TPP for its investment advisory services based both on
the value of the equity invested by each Investor and the performance of the investment. A detailed
description of the fees for each Fund can be found in its limited partnership agreement and other
governing documents, while a detailed description of the fees for each Account can be found in the
applicable investment advisory agreement for the Account. A general description of the fees is provided
below and in Item 6 of this Brochure.

Management Fee

In consideration of TPP’s management services, each Client pays the Dedicated Entity that serves as the
manager of such Fund a management fee calculated with respect to each Investor. The fee is paid
quarterly at an annual rate equal to a percentage of each Investor’s management fee base. The manner
in which such management fee base is calculated and the management fee schedule applicable to each
Client is set forth in the limited partnership agreement or other controlling document of such
Fund/Account. Because limited partner interests in the Funds are generally offered only to “qualified
purchasers” within the meaning of Section 2(a)(51)(A) of the Investment Company Act, and because this
Brochure will be delivered by TPP only to such “qualified purchasers,” additional details about such
management fees are not included in this Brochure.

Management fees payable with respect to a Fund are generally deducted directly from the assets of
such Fund (the manager for Taiyo Saturn Holdings, L.P. has the ability to invoice investors for such
management fee). For those funds where management fees are deducted directly, each Investor bears,
through reductions in its capital account, the economic burden of the portion of such management fees
that is attributable to its interest in a Fund. Management fees payable with respect to an Account are
invoiced periodically per the investment advisory agreement for each Account.

Additional Fees and Expenses Payable by Clients

Each Fund bears all of its allowable operating expenses, including:
   • investment expenses (e.g., third party administrator fees, brokerage commissions, expenses
       relating to short sales, clearing and settlement charges, custodial and bank fees, initial and
       variation margin, storage and warehousing fees, and interest expenses);
   • research, due diligence, and reasonable travel expenses;
   • legal expenses;
   • professional fees (including expenses of consultants relating to particular investments);
   • external accounting, audit, and tax preparation expenses;
   • costs of printing and mailing reports and notices;
   • entity-level taxes;
   • corporate licensing;
   • regulatory expenses (including filing fees);
   • expenses (other than placement fees) relating to the offer and sale of Interests;
   • expenses relating to insurance (including directors’ and officers’ insurance, errors and omissions
       insurance, and other similar policies);
   • extraordinary expenses relating to the Fund; and
   • other similar expenses relating to the Fund.

For each Account, expenses have either been incorporated into the management fee rate or the
Account is invoiced periodically per the investment advisory agreement for each Account.

Other Fees

TPP employees or related persons do not currently receive directors’ fees or similar fees as
compensation for their services as directors and have no intention of doing so. In the event a portfolio
company was to require compensation it would be TPP’s intent to use the amount to cover direct costs
only. If the amount were to be above cost, then the additional amount would be offset in management
fees on a pro rata basis. Such persons are, however, entitled to reimbursement for travel and other
expenses.

From time-to-time TPP has entered into an advisory agreement with a portfolio company and received a
fee based on a good faith estimate of actual costs. This type of relationship would generally be in
conjunction with a position on the board of directors and any fee would be to cover direct costs. In the
event TPP were to receive both director compensation and an advisory fee, the total amount would be a
good faith estimate of directs costs only. If the total amount were to be above cost, then the additional
amount would be offset in management fees on a pro rata basis unless otherwise allowed by the Funds
governing document or investment management agreement.

Item 7 – Types of Clients

The Accounts and Funds are currently TPP’s sole clients. TPP manages its Accounts and Funds in
accordance with their respective stated objectives. Each Fund is governed by a limited partnership
agreement or other appropriate governing documents and managed in accordance with the terms and
conditions of such governing documents.

Investors in the Funds generally are required to be “accredited investors” within the meaning of
Regulation D of the Securities Act of 1933, as amended, and “qualified purchasers” within the meaning
of the Section 2(a)(51) of the Investment Company Act of 1940, as amended.

Other than those Funds that may be customized for particular investors, our Funds generally are
available for investment by qualified Investors. Typically, the minimum initial subscription for a pooled
Fund is $10,000,000, and the minimum additional subscription is $1,000,000. These minimums can be
waived at TPP’s discretion. Our customized Funds are closed to Investors who are not affiliates of the
existing Investors in such Funds. The minimum initial investment amount for an Account is $50,000,000.
This minimum can be waived at TPP’s discretion.

Investors and prospective investors are primarily U.S. and foreign institutional investors, including
endowments, sovereign wealth investors, family offices and public pension funds.