Westview Capital Management LLC

Item 5: Fees and Compensation

WestView receives management fees from the limited partners of each of the Clients as
compensation for the investment advice and administrative services it provides to the Clients.
Under the governing documents of each of the Clients, none of the limited partners of the
Clients have special economic rights, including the right to pay a special or discounted
management fee, though certain Designated GP Persons (as defined in the Fund V limited
partnership agreement) who have chosen to make a commitment to Fund V in excess of their
commitment to GP V will not pay a management fee or performance fees on that excess
commitment to Fund V. WestView is paid an annual management fee based on the committed
capital of the Clients during the investment period. Each Client has entered into a management
agreement with WestView Capital Management LLC, pursuant to which management fees
collected by such Client are paid to WestView Capital Management LLC. Thereafter,
WestView is paid an annual management fee based on invested capital. The management fee
is paid quarterly in advance and is not negotiable by limited partners of the Clients. See also

Item 7: Types of Clients

WestView provides investment advice and portfolio management to its Clients, the three Funds.
The Funds’ investors are generally individual investors that meet the “accredited
investor” standard, sophisticated institutional investors, corporate pension plans, profit
sharing plans, college endowments, fund of funds, pooled investment vehicles, public
employee deferred compensation plans and trusts.