The Salient Zarvona Energy Fund GP LP

Item 5     Fees and Compensation

Management Fee

The Firm or the applicable general partner charges management fees (“Management Fees”) to each Fund
for fund management and investment advisory services. Management Fees are payable quarterly in
advance.

Management Fees for Fund I were 2.00% of Capital Commitments during the investment period and
2.00% of adjusted investment capital thereafter. Effective January 1, 2020, the Firm reduced management
fees for Fund I to 0%. Management fees for Fund II-A and Fund II-B during the investment period are the
lesser of (i) 1.00% of Capital Commitments plus 1.00% of Capital Contributions invested and (ii) 2.00%
of Capital Commitments. After the investment period, Management Fees are 2.00% of Capital
Contributions invested. Limited Partners of the Funds who are employees of Zarvona Energy or Salient
Partners have reduced Management Fees of 0.25% of Capital Commitments during the investment period
and 0.25% of Capital Contributions invested after the investment period. Management fees for Chalk II-
4 Co-Invest are 1.00% of Capital Commitments.

Acquisition Fee

There are no acquisition fees paid to the Firm.

Limited Partners should refer to the appropriate Fund’s Organizational Documents for detailed
information regarding all matters concerning a Fund, including but not limited to fees and fee offsets. Any
new Fund sponsored by the Firm may have similar or materially different terms than those described
herein.

Expenses

Generally, pursuant to a Fund’s Organizational Documents, each Fund is responsible for expenses relating
to its operations, including fees, costs and expenses of the Fund incurred thereby together with certain

5|Page

overhead allocations of the general partner, in connection with potential investments and the evaluation,
acquisition, ownership, sale, or financing of any potential investment; taxes, engineering, accounting and
auditors’ fees; reporting and investor servicing; legal counsel, insurance (including errors and omissions
and directors and officers insurance), travel, litigation and indemnification expenses; administrative
expenses; and any other extraordinary expense. Each Fund will also be responsible for the organizational
expenses incurred by its general partner, up to a maximum amount further set forth in a Fund’s
Organizational Documents.

Additional Compensation and Conflicts of Interest

The Firm receives the performance-based fees described in Item 6 below. No supervised persons of the
Firm may accept direct compensation for the sale of securities or other investment products.

Investments in Funds

Prospective Limited Partners in any Funds sponsored by the Firm should refer to the respective Fund’s
Organizational Documents for all information regarding that Fund, including but not limited to
Management Fees, expenses, any minimum investment thresholds, and any additional qualifications
required for investment in that Fund. Generally, the Firm or its affiliates, as applicable, has required a
minimum investment threshold for Limited Partners in each Fund of $500,000. However, any such
minimum investment threshold may be waived or modified by the Firm for any Limited Partner.

In addition to the Limited Partners, the Firm makes Capital Contributions (the “Firm Capital”) to the Funds
side-by-side with the Limited Partners. Like the Limited Partners, the Firm is subject to Calls for Capital.
Generally, the capital investment of the Firm equates to a minimum of one percent (1%) of the total Fund
Capital Commitment. Further, as disclosed in the respective Fund’s offering documents, certain executive
officers, owners, and other employees of Zarvona Energy and Salient Partners may have direct
investments in the Funds.

Item 7    Types of Clients

The Firm provides fund management and investment advisory services to the four individual Funds as
disclosed in Item 4 of this brochure.