Triton Pacific Healthcare Partners LLC

Item 5 – Fees and Compensation

Advisory Fees, Payment of Fees

Private Funds

The fees and other compensation for advisory services to Private Funds are set forth in the Private
Fund’s applicable Private Fund Governing Documents, such as the limited partnership agreement
or operating agreement.

Fees

With respect to the PE Funds, the Management or Monitoring Fee is typically equal to a percentage
of the adjusted EBITDA (prorated for such quarterly period) of the underlying portfolio company,
typically ranging from 2.5% to 5% per year, subject to an agreed upon and determined minimum
amount for a given calendar quarter or year. The Management/Monitoring Fees are generally
payable in advance for each calendar quarter.

In addition to a Management Fee (when charged), TPHP (or an affiliate of TPHP which serves as
the general partner of the Private Funds) is generally entitled to a performance-based fee or
“carried interest”, generally ranging from 10% to 30% of net profits allocated to each Private Fund
investor, subject to an applicable “high water mark” (the “Incentive Fee”) and/or a General Partner
claw back. The Incentive Fee is generally paid after investors have received distributions equal to
their invested capital and a preferred return and a multiple of return of contributed capital.

In addition, the target Portfolio Company of each PE Fund will typically be obligated to pay a
transaction fee to an affiliate of TPHP equal to 2.5% of the enterprise value of each acquisition or
disposition (each, a “Transaction Fee”).

The Private Fund Governing Documents permit TPHP (or the general partner of the Private Funds)
to reduce, waive, assign, participate or otherwise share the Management Fee or Incentive Fee
payable with respect to any investor. Please refer to the individual Private Fund Governing
Documents, including each Private Fund’s Limited PE Fund Agreement, for additional detail
regarding the calculation of the Management Fee and Incentive Fee. (Item 6 provides further
information regarding Incentive Fees, including conflicts of interest).

Private Fund Additional Fees and Expenses

In addition to the Management Fee and Incentive Fees, each of the PE Funds will typically pay, or
reimburse the General Partner (or an affiliate thereof) for all costs, expenses, and liabilities that
are incurred by or arise out of the operation and activities of the PE Fund, as determined by the
General Partner in its sole discretion, including, without limitation, the following: (i) the
organizational expenses; (ii) all expenses relating to investments in the portfolio companies
(whether or not consummated), including without limitation: third party costs and expenses
(including all costs and expenses incurred in investigating, developing, negotiating, structuring,
trading, settling and holding the portfolio companies, including travel, legal, tax and accounting
expenses in connection therewith); the PE Fund’s pro rata share of personnel costs borne indirectly
through its interest in the Portfolio Company; payments to legal counsel, tax advisors, auditors,

accountants, administrators, including, without limitation, the administrator, custodians,
consultants, directors, industry and/or due diligence experts, and other outside advisors; market
data costs; expenses of systems, communications and research related to the PE Fund’s investment
program; out-of-pocket expenses incurred in connection with an actual or potential transaction,
including but not limited to due diligence costs; and other expenses related to the purchase,
monitoring, appraisal, valuation, sale, settlement, custody or transmittal of PE Fund assets; (iii)
costs of insurance allocated to the PE Fund; (iv) costs of any audit, investigation, administrative
proceeding or regulatory matter; (v) litigation and threatened litigation relating to the business or
activities of the PE Fund; (vi) costs of obtaining any licenses and other regulatory compliance
incurred directly in connection with executing the PE Fund’s investment program; (vii)
indemnification obligations; (viii) interest expense and other expenses for borrowed money; (ix)
taxes, fees or government charges (including withholding or transfer taxes) that may be assessed
against the PE Fund; (x) any extraordinary expense including fees and expenses associated with
any tax or other audit, investigation, settlement or review of the PE Fund; (xi) liquidation expenses
of the PE Fund; (xii) costs of preparing financial statements and reports to Partners as well as tax
returns, Schedules K-1 and other tax information, as applicable; (xiii) all fees, costs and expenses
associated with monitoring and enforcing compliance with the PE Fund Agreement; (xiv) costs
and expenses related to amendments to, and waivers, consents or approvals pursuant to, the
constituent documents of the PE Fund, including the preparation, distribution and implementation
thereof; (xv) costs, expenses and any other payments related to any note issued by the PE Fund,
including any interest accrued thereon; (xvi) costs, expenses and any other payment related to any
bridge loan, including any interest accrued thereon; (xvii) reasonable costs and expenses incurred
by the General Partner or its Affiliates related to entering into, negotiating and documenting any
bridge loan to the extent that such amounts cannot be reasonably apportioned from the other PE
Fund Expenses incurred by the General Partner and its Affiliates; and (xviii) all other expenses
properly chargeable to the activities of the PE Fund and, to the extent any such costs or expenses
are paid by the General Partner or its Affiliates, as the case may be, the General Partner or its
Affiliates shall be reimbursed for such costs or expenses by the PE Fund.

The PE Funds generally will also pay an amount necessary to reimburse TPHP or its affiliates and
any other service provider for reasonable, documented out of pocket expenses and the cost of such
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