Abry Partners LLC

ITEM 5         FEES AND COMPENSATION

         In general, the applicable General Partner receives a management fee (the “Management
Fee”) and pays over such Management Fee to the Management Company pursuant to the
applicable Management Agreement and the applicable General Partner receives a carried interest
in connection with the provision of advisory services provided to each Private Investment Funds.
For each Private Investment Fund, the carried interest distributed to a General Partner is generally
subject to a potential giveback, as set forth in the Fund Documents, if the applicable General
Partner has received excess cumulative distributions. The Co-Investment Funds generally do not
pay a Management Fee or carried interest. The Management Company or other ABRY entities or
affiliates have received, and are permitted to in the future receive, additional compensation in
connection with management and other services performed for portfolio companies (e.g.,

Supplemental Fees, as defined below) of the Private Investment Funds, and the Funds’ pro rata
share of such additional compensation is generally offset in whole against the Management Fees
otherwise payable to the Management Company to the extent provided by the relevant Fund
Document. Fee structures are negotiated on a vehicle-by-vehicle basis so investors should review
the applicable Fund Documents for details regarding the fee structures summarized below.
Capitalized terms used but not defined herein shall have the meanings ascribed to them in the
applicable Partnership Agreement.

Management Fees

Senior Debt Funds

        During a Senior Debt Fund’s active investment period, a Senior Debt Fund generally pays
a Management Fee equal to 2.0% on an annual basis of Commitments. After the active investment
period expires or a successor Private Investment Fund is raised and/or the Advisers accrue a
Management Fee in respect of such successor Private Investment Fund (or upon the occurrence of
certain other events set forth in such Fund’s Partnership Agreement), then a Senior Debt Fund’s
Management Fee is typically reduced to the lower of 2.0% of Commitments or 2.0% of the cost
basis or notional principal amount, as applicable, of investments held by such Fund. ABRY
Advanced Securities Fund II, L.P. is not currently paying a Management Fee.

Other General Management Fee Information

         Management Fees generally are calculated on either a semi-annual basis or a quarterly
basis, but are paid on a quarterly basis. Installments of the Management Fee payable for any period
other than a full quarterly period are adjusted on a pro rata basis based upon the actual number of
days in such period. A Fund’s Management Fee is generally payable until all Fund assets have
been distributed as described in the Partnership Agreement. Investors participating in a closing
after a Private Investment Fund’s initial closing bear the Management Fee from such initial closing
date, with an added interest factor. As a general matter, Management Fees will be payable during
term extensions unless otherwise agreed with investors.

        Under the Fund Documents, the Management Fee will be calculated and charged on a basis
that generally is not tied to the Fund’s then-current net asset value. As further specified in the Fund
Documents, and discussed above, Management Fees will initially generally be charged based on a
formula tied to the amount of the relevant Fund’s aggregate Commitments. However, after a
certain date specified in the Fund Documents, a Fund’s Management Fee generally will be charged
and calculated based on a formula tied to the amount of contributed capital or the cost basis of
investments made by the relevant Fund (including, where applicable, a Fund borrowing component
(including interest expenses) and the amount of any capitalized Supplemental Fees (as defined
below) or expenses, including costs of Senior Advisors) relating to investments that have not been
sold, distributed, permanently written down or written off for U.S. federal income tax purposes.
Due to differences in the criteria set forth in their respective Fund Documents, in the event where
more than one Fund participates in an investment, there is the possibility that an investment will
be deemed to have been disposed of or permanently declined in value for purposes of one Fund’s
Fund Documents but not those of one or more other Funds. As a result, and as is generally the case
for private equity funds, except where the Fund Documents expressly provide to the contrary, the

amount of Management Fees generally will not correspond with fluctuations in the net asset value
of individual investments or of the Fund, including where the fair market value of an investment
exceeds or falls below the total amount of contributed capital or the cost basis relating to such
investment. Therefore, the Management Fees generally will not be reduced (in whole or in part) in
connection with any partial sale or disposition, distributions, partial realizations, reorganizations,
recapitalizations, write downs, restructurings, roll-over investments, extraordinary dividends made
with respect to, or similar transaction related to, an investment or in circumstances where one or
more other Fund(s) divest their respective investment(s) (including credit investments) in the
relevant portfolio company, whether in whole or in part, in each case in circumstances that do not
result in the complete disposition of the relevant Fund’s interest therein (even in cases where the
value of the Fund’s investment or the Fund’s ownership percentage in such investment has been
reduced (including substantially reduced) as a result of such partial distribution, partial realization,
reorganization, recapitalization, write-down, restructuring, roll-over investment, extraordinary
dividend or similar transaction), and in such cases, limited partners will continue paying
...

ITEM 7          TYPES OF CLIENTS

         The Management Company provides investment advice to Private Investment Funds,
which generally include investment partnerships or other investment entities formed under U.S. or
non-U.S. laws and operated as exempt investment pools under the U.S. Investment Company Act
of 1940, as amended (the “Investment Company Act”). References throughout this Brochure to
“clients” and the Advisers’ related duties to and practices on behalf of its clients and/or investors
should be construed accordingly. The investors participating in Private Investment Funds generally
include individuals, banks or thrift institutions, university endowments, family offices, insurance
companies, pension and profit-sharing plans, trusts, estates or charitable organizations, sovereign
wealth vehicles, corporations or other business entities or other investment entities, and often
include, directly or indirectly, Principals or other employees of the Management Company and its
affiliates or Service Providers to the Management Company or the Private Investment Funds (e.g.,
legal Service Providers), as well as executives of portfolio companies.

       The relevant General Partner also generally is permitted to establish alternative investment
vehicles in order to permit one or more investors to participate in one or more particular investment
opportunities in a manner desirable for legal, tax, regulatory or other reasons. Alternative
investment vehicle sponsors generally have limited discretion to invest the assets of these vehicles
independent of limitations or other procedures set forth in the organizational documents and Fund
Documents of such vehicles and the related Private Investment Fund.

        Other than the Co-Investment Funds and the Feeder Fund, each Private Investment Fund
generally has a minimum investment amount ranging from $5 to $10 million for third-party
investors. In most circumstances, investors in the Funds must meet certain suitability and net worth
qualifications prior to making an investment in the Funds. Generally, investors must be (i)
“accredited investors” as defined under Regulation D of the U.S. Securities Act of 1933, as
amended (“Securities Act”), and (ii) in the case of Funds formed more recently, either “qualified
purchasers” or “knowledgeable employees” as defined under the Investment Company Act. The
Advisers generally are permitted to waive such minimum investment amounts and qualification
requirements.