WP Global Partners LLC

Item 5: Fees and Compensation

WP Global serves as an investment manager or adviser to several related pooled investment vehicles,
including private investment partnerships and foreign investment companies, organized to invest in
securities and other financial instruments. In providing such services to each fund, the Company
formulates its investment objective, directs, and manages the investment and reinvestment of each
Partnership’s assets and provides reports to investors. The Company manages the assets of each fund in
accordance with the terms of the governing documents applicable to each Partnership.

Compensation received by WP Global from the funds is generally comprised of a performance-based fee
(a.k.a Carried Interest) and an asset-based fee and are generally set forth in the applicable offering
memorandum, disclosure documents, organizational documents, investment management agreement,
and/or subscription agreements. Fees are negotiable and may vary based on asset size of portfolio,
portfolio management services offered, investment vehicle structure, and client participation in multiple
investment products or strategies managed by WP Global.

WP Global receives performance-based fees generally when a fund’s investments realize a minimum
return, and then payment occurs only at the time such return is achieved, or at liquidation, withdrawal, or
redemption.

Asset-based fees are deducted from fund accounts quarterly, in advance, and such fees are expected to be
based on either committed capital or the net invested capital for the relevant fee period. WP Global may
invest fund assets in money market funds, short-term liquidity funds, and/or participation vehicles, and any
assets involved in such funds generally will be included in the account for the purposes of computing fees.

In general, if an asset-based fee has been paid in full in advance for a period in which either the advisory
contract is terminated, or an investor withdraws or redeems its investment(s), the applicable portion of such
asset-based fee paid relating to the portion of the period of time after such termination, withdrawal, or
redemption will be returned to the client or to the withdrawing or redeeming investor. However, certain
funds typically do not permit termination, withdrawal, or periodic redemption during the investment term,
except under extraordinary circumstances. WP Global may waive or modify fees for members, employees,
or affiliates of WP Global and for relatives of such persons.

WP Global is entitled to be reimbursed for certain expenses that are incurred on behalf of its clients. If
applicable, investors will pay other expenses in addition to the fees paid to WP Global. For example,
investors may pay costs such as brokerage commissions, transaction fees, custodial fees, transfer taxes,
wire transfer fees, and other fees and taxes charged to brokerage accounts and securities transactions,
which are unrelated to the fees collected by WP Global. (Item 12 provides more information on our

Item 7: Types of Clients

WP Global provides investment advisory services to pooled investment vehicles (“the Fund” or “Funds”) in
which pension and profit-sharing plans, corporations, and other business entities, and non-U.S. government
entities or agencies, and high net worth individuals invest.

WP Global often imposes on a fund a minimum dollar value of assets or other conditions to qualify for
certain exemptions or particular treatment under applicable law or regulation, or for other reasons. Similar
or additional conditions may be imposed on investors in investment vehicles that are clients of WP Global.
Conditions for starting or maintaining investment advisory services are generally provided for in a
disclosure document or in other information furnished to clients or underlying investors but are subject to
negotiation with any particular client or underlying investor.