Woodlock Family Capital Management LLC

Item 5 - Fees and Compensation

All investors and prospective investors should review the Fund’s Offering Documents in conjunction
with this Brochure for more complete information on the fees and compensation payable with respect
to the Fund.

Under the Investment Management Agreement, the Investment Manager shall be paid an annual
management fee (the “Management Fee”) by the Partnership in the amount of seventy-five basis
points (.75%) of the amount of the Fund’s net asset value, paid quarterly in arrears on the fifteenth
(15) calendar day of each calendar quarterly period of the calendar year, unless such day is not a
Business Day, in which case the payment shall be made on the next Business Day.

The Fund’s General Partner is eligible to receive a performance-based fee (“Performance Allocation”)
based on the Fund’s net capital appreciation. At the end of each calendar year, the General Partner will
be allocated 15% of each Investor’s net capital appreciation, provided that the Investor has first

achieved a 5% hurdle rate. The net capital appreciation is calculated after deducting the Investor’s
management fee and offsetting any applicable deficit amount.

Additionally, the General Partner is eligible to receive a performance-based fee upon any withdrawal
by an Investor prior to the calendar year-end, calculated on the withdrawal amount.

The General Partner may, at its sole discretion, negotiate different Performance Allocation rates with
Investors, including modifying the percentage rate at which the Performance Allocation is assessed or
waiving it entirely for an Investor.

Investors are also subject to a 5% administrative fee if funds are withdrawn in the first year.
Withdrawals are generally permitted only on the last day of a calendar quarter and only upon 60 days’
prior notice.

Other Fees and Expenses

Except as otherwise provided, and subject to any limits in the Limited Partnership Agreement, the
Partnership will pay all Investment Expenses, which include the sum of the Management Fee and
Operating Expenses (including all Partnership expenses incurred in the ordinary course of business
of the Partnership, including third-party costs and expenses of maintaining the operations of the
Partnership; appraising, valuing, acquiring, maintaining, financing, hedging, and disposing of Portfolio
Investments (including broken deal expenses); fees and other governmental charges levied against
the Partnership in the ordinary course of business; insurance; administrative and research fees;
expenses of custodians, outside advisors, counsel (including Partnership Counsel), accountants,
auditors, administrators and other consultants and professionals; expense associated with forming
and operating holding vehicles related to a Portfolio Investments; technological expenses; interest on
and fees, costs and expenses arising out of all financings entered into by the Partnership (including,
without limitations, those lenders, investment banks, and other financing sources); travel expenses;
brokerage commissions; custodial expenses; and the costs of any services provided by the General
Partner or its Affiliates; expenses associated with meetings with the Limited Partners and the
preparation and distribution of reports, financial statements, tax returns and K-1s to the Limited
Partners; but specifically excluding the Management Fee and Organizational Expenses) and will
reimburse the General Partner or any of its Affiliates, as applicable, for its payment of Extraordinary
Expense (including litigation expenses (including the amount of any judgements or settlements paid
in connection therewith); winding up and liquidation expenses; expenses incurred in connection with
any tax audit, investigation, settlement or review; indemnification and other unreimbursed expenses;
and any other extraordinary expenses incurred by the Partnership or to the extent not reimbursed or
paid by insurance), provided that the General Partner shall have the right, but not the obligations, to
pay all or any portion of the Operating Expenses, in its sole discretion. The Investment Manager will
be solely responsible for Organizational Expenses.

The Partnership shall pay all third-party expenses of the Partnership and reimburse the General
Partner and the Investment Manager for ordinary and necessary expenses incurred in connection with
the Partnership’s business and affairs. The General Partner, the Investment Manager, and their
respective affiliates may be entitled to compensation for services rendered for and on behalf of the
Partnership as determined by the General Partner.

Item 7 - Types of Clients

Woodlock House only offers investment advisory services to the pooled investment vehicle. Investors
in the Funds generally are required to complete and submit a subscription agreement binding them
to the terms of a Fund’s Offering Documents. The Funds admit only sophisticated investors that are
both “accredited investors,” as defined in Rule 501(a) of Regulation D under the Securities Act, and
“qualified purchasers” pursuant to Section 2(a)(51) under the Investment Act.

Generally, the minimum investment requirement for the Fund is $1,000,000. However, the General
Partner, in its sole discretion, may permit investments that are less than the required minimum
investment commitment set forth in the Fund’s Offering Documents.