The Tokarz Group Advisers LLC

FEES AND COMPENSATION

    A. Advisory Fees and Compensation.

             The fees applicable to the PE Fund are set forth in its offering documents. A brief
summary of said fees is provided below.

        1. PE Fund

                For services provided to the PE Fund under the Portfolio Management Agreement
between the PE Fund and the Investment Adviser, the Investment Adviser was entitled to receive
the balance of the fees and any carried interest generated by the PE Fund and not retained by the
GP and a subsidiary of Barings BDC, Inc. The GP and such subsidiary of Barings BDC, Inc.
were entitled to receive 25% of all management fees paid by the PE Fund and up to 30% of the
carried interest generated by the PE Fund.

    B. Payment of Fees.

             The fees and carried interest paid to the Investment Adviser by the PE Fund were
due when such fees and carried interest are paid to the GP.

    C. Additional Fees and Expenses.

               The Investment Adviser’s client generally bore its own expenses and these
expenses are set forth in the client’s governing documents.

    D. Additional Compensation and Conflicts of Interest.

             Neither the Investment Adviser nor any of its supervised persons accepted
compensation (e.g., brokerage commissions) for the sale of securities or other investment
products.

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TYPES OF CLIENTS

            The Investment Adviser provided investment advice to the PE Fund, as described
above. The PE Fund was terminated in Delaware on March 7th, 2025.

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