West Creek Capital LLC

Item 5 – Fees and Compensation
Management Fee and Incentive Allocation: We receive from the Funds quarterly investment
management fees (the “Management Fee”) calculated at an annual rate based on the value of each
investor’s investment, payable at the beginning of each quarter (equal to ¼ of the annual rate), and
prorated for capital contributions or redemptions made during the calendar quarter. The
Management Fees for the Funds are as follows: (i) Partners Fund – annual rate of 1% (.25% per
quarter) and (ii) Select – annual rate of 1.5% (.375% per quarter).

In consideration of the Management Fee, we bear the “overhead expenses” of the Funds. Overhead
expenses paid by us include office rent, utilities, employees’ salaries and benefits, employee
insurance, payroll taxes and travel and entertainment expenses (other than travel related to
investment research.)

Our affiliate, Oliver Street Capital, LLC, the special limited partner of each of the Funds (“Oliver
Street” or the “Special Limited Partner”) receives from the Funds an annual performance-based
profit allocation (the “Incentive Allocation”) at the end of each year in the amount detailed below
for each Fund:

      (i) Partners Fund – 20% of the increase in value of each investor’s investment, subject to a
5% Hurdle Amount and a High Water Mark each described below.

       (ii) Select – for Class E limited partners, 20% of the increase in value of each investor’s
investment, subject to a 5% Hurdle Amount and a High Water Mark, and for other limited partners,
20% of the increase in value of each investor’s investment, subject to a High Water Mark.

The “Hurdle Amount” is an amount equal to a five percent (5%) annual return for the applicable
fiscal year on the investor’s investment balance as of the beginning of the fiscal year (as adjusted for
contributions or withdrawals during the fiscal year and pro-rated for periods of less than a full
fiscal year.) For investors subject to a Hurdle Amount, the Incentive Allocation is made only on the
increase in value over the Hurdle Amount.

If a loss occurs that results in the value of an investor’s capital being less than it was the last time
that the investor was subject to an Incentive Allocation (or in the year of such investor’s admission
or addition of capital, lower than the initial amount of capital contributed) (the “High Water Mark”),
no Incentive Allocation is charged to the investor until such time as the value of such investor’s
capital exceeds the High Water Mark, and the Incentive Allocation will only be charged on gain in
excess of the High Water Mark.

Both the Hurdle Amount and High Water Mark are adjusted pro rata for additions to or
redemptions of capital.

The Management Fee and the Incentive Allocation may be waived, reduced or rebated for any
investor. Our Managing Members believe it is in the interest of the Funds and of West Creek for
West Creek personnel to invest in the Funds. As an incentive, West Creek employees and their
immediate family members do not pay fees on investments in the Funds.

Other Fees and Expenses: The Funds typically use money market mutual funds (“MMFs”) for cash
balances until they can be invested. Investors should recognize that all fees paid by the Funds to
West Creek for investment advisory services are separate and distinct from the fees and expenses
charged by MMFs to their shareholders. These fees and expenses, described in each MMF’s
prospectus, generally include a management fee, other fund expenses, and a distribution fee.

The information provided herein summarizes the detailed information provided in each Fund’s
organizational and offering documents. Prospective investors should refer to the appropriate Fund
organizational and offering documents for important additional information and considerations
prior to subscribing to invest.

Item 7 – Types of Clients
Our Clients: We provide investment advisory services to the Funds. Partners Fund is not registered
as an investment company under the Investment Company Act of 1940, as amended (the "Company
Act") in reliance on an exemption from registration in Section 3(c)(1) of that Act. As a result,
investment in this Fund is available to only a limited number of qualified investors who are
"accredited investors" under Rule 501 of Regulation D of the Securities Act of 1933, as amended.
The subscription documents for the Fund solicit information relating to these qualifications.

Select is not registered as an investment company under the Company Act, in reliance on an
exemption from registration in Section 3(c)(7) of that Act. As a result, investment in this Fund is
available to only a limited number of qualified investors who are "accredited investors" and
"qualified purchasers" as defined under U.S. Federal securities laws. The subscription documents
for the Fund solicit information relating to these qualifications.

The minimum initial investment for each investor in Partners Fund is $500,000. The minimum
initial investment for each investor in Select is $3 million.

General Conditions: Prospective investors in the Funds should refer to the offering memorandums
and subscription agreements of the respective Fund(s) for additional important information
regarding restrictions applicable to participation and redemption of investments in the Funds.

Termination of Advisory Relationship: Investors in each Fund are requested to refer to the
applicable Fund offering memorandum for complete information on withdrawals and applicable
investment "lock-up" periods.

Beginning 24 months from the date an investor is admitted to Partners Fund or 30 months (or in
the case of a “Class E” limited partner, 48 months) from the date an investor is admitted to Select,
the investor may withdraw at calendar year end on 120 days’ prior written notice all or a portion of
his investment in the Funds. Payment of the investor's capital account will be made subject to the
terms and conditions set forth in the Funds’ documents.

West Creek and/or the general partner of a Fund, in their discretion, may elect to waive or change
the redemption provisions for investors, including investors who are our employees or affiliates or
relatives of such persons, in accordance with the terms and conditions set forth in the Funds’
documents.

We believe that the extended lock-up provisions are an important competitive advantage for the
Funds. As a result, Lock-up requirements are rarely waived or amended. Prospective investors
considering an investment in the Funds should assume that Lock-up provisions will be enforced as
written in all circumstances. This means that an investment in the Funds is highly illiquid and
should only be undertaken when appropriate in the context of an investor’s overall financial plan.

Please refer to Item 4 (Advisory Business) and Item 10 (Other Financial Industry Activities and
Affiliations) for related information.