Wedgewood Asset Management LLC

ITEM 5: FEES AND COMPENSATION

Item 5.A. Description of Compensation Arrangements

The Firm does not receive compensation or fees for its management and advisory services to the Funds. An
affiliate, however, will reimburse the Firm for the cost of operating the Funds. Additionally, the Funds
provide preferred equity or mezzanine loans to affiliates of the Firm to finance the affiliates’ business lines
and investment strategies through Wedgewood, LLC (“Operating Business Lines”). Certain of the Firm’s
ultimate beneficial owners (the “Principals”) currently manage affiliates of the Firm in which Funds invest
and may manage additional affiliates in the future. As such, certain of the Firm’s affiliates and the Principals
are compensated and benefit as a result of the Funds’ investments.

Item 5.B. Manner of Fee Payment

The Firm will not receive any fees for its management and advisory services to the Funds and investors will
not be charged a fee for investing in the Funds.

Item 5.C. Other Fees Clients May be Charged

The Firm is entitled to reimbursement from an affiliate for any expenses which are incurred by the Firm on
behalf of the Funds.

These include without limitation: (i) investment-related expenses (i.e., costs and expenses associated with
the negotiating, financing, acquiring, holding, and disposing of its investments), (ii) expenses incurred in
collection of monies owed to the Funds, (iii) legal, auditing, and accounting expenses (including expenses
associated with the preparation of the Funds’ financial statements), (iv) tax costs and expenses (including
tax planning, preparations of tax returns and schedules K-1, and foreign and FATCA-related
documentation), (v) insurance expenses (including directors’ and officers’ insurance, errors and omissions
insurance, “key man” life insurance and other similar policies), (vi) organizational expenses, (vii)
regulatory and compliance expenses (including the Client’s registration and licensing in any jurisdiction in
which it does business (including as a lender)), (viii) expenses relating to the ongoing offer and sale of
interests and withdrawals and transfers thereof, including printing and mailing costs, (ix) the expenses and
costs relating to the Firm’s management of the Funds, (x) any entity-level taxes, fees, or other governmental
charges levied against the Funds, the Firm, or any special purpose vehicle, (xi) all litigation related and
indemnification expenses, (xii) wind-up and liquidation expenses, and (xiii) expenses comparable to any of
the foregoing.

The information contained herein this Item 5 is a summary only and is qualified in its entirety by the
Funds’ offering documents.

Item 5.D. Timing of Fee Payments

As noted in Item 5.A, the Firm will not receive any compensation or fees for its management and advisory
services to the Funds. The Firm charges its affiliate any allocable expenses to the Funds on an ongoing
basis as they are incurred.

Item 5.E. Receipt of Compensation for Sales

Neither WAM nor its supervised persons are compensated for the sale of securities or other investment
products.

ITEM 7: TYPES OF CLIENTS

WAM provides discretionary investment management services to the Funds in which interests are offered
to other private funds, high-net worth individuals, family offices, trusts, estates, other corporations, and
institutions.