Architect Equity Management LLC

FEES AND COMPENSATION

         In general, the Firm receives a management fee and a carried interest in connection with
the provision of advisory services to its clients. The Management Company or other Firm entities
or affiliates receive additional compensation in connection with management and other services
performed for portfolio companies of the Funds, and such additional compensation will offset in
whole or in part the management fees otherwise payable to the Firm to the extent provided by the
Governing Documents. In addition, the Firm is permitted to receive compensation for management
and other services performed in connection with co-investments made in portfolio companies of
the Funds. Investors in a Fund also bear certain expenses.

Management Fees

       Architect does not receive management fees from the Pre-Fund Vehicles. Fund I is
expected to pay the Fund I GP or its affiliate, quarterly in advance, a management fee (the
“Management Fee”) equal to 2.0% on an annual basis of aggregate capital commitments

(“Commitments”) of Investors not designated as “affiliated partners” by the Fund I GP.
Commencing with the first Management Fee due date after the expiration of the investment period
of the Fund or earlier upon the occurrence of certain events as set forth in the Partnership
Agreement and through the final distribution of Fund I’s assets, the Management Fee will equal
2% of (i) the aggregate unrecouped bridge financing and investment contributions made (or
payable to Fund I pursuant to capital call notices then issued or to be issued to repay indebtedness
incurred by Fund I and used to fund a portfolio company) with respect to portfolio companies that
have not been disposed of or completely written off for U.S. federal income tax purposes, less (ii)
the aggregate amount of any investments completely written off that have not been disposed of, in
each case with respect to investors not designated as “affiliated partners”; provided that
investments (other than bridge financings) in a portfolio company will be treated as having been
disposed of or completely written-off only to the extent that, as of the date of any such disposition
or write-off, the aggregate fair market value of all remaining Fund I investments (other than bridge
financings) in such investment is less than Fund I’s aggregate investment contributions made with
respect to such investment. The Management Fee may be reduced pursuant to a formula specified
in the Partnership Agreement, and a corresponding portion of the Fund I GP’s Commitment
structured as a profits interest, to the extent provided in the Partnership Agreement. Installments
of the Management Fee payable for any period other than a full quarterly period are adjusted on a
pro rata basis according to the actual number of days in such period. As a general matter,
Management Fees will be payable during term extensions unless otherwise agreed with Investors.

         As is generally the case in private equity funds, Fund I’s Governing Documents provide
that its Management Fees 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 Fund I’s Governing Documents, from
the effective date of Fund I until a date specified in its Governing Documents (the “Stepdown
Date”), Management Fees generally will be charged based on a formula tied to the amount of Fund
I’s aggregate Commitments. After the Stepdown Date, Management Fees generally will be charged
and calculated based on a formula tied to the amount of investment contributions made by Fund I
that have not been realized or completely written-off for U.S. federal income tax purposes.

        Under Fund I’s Governing Documents, where the fair market value of an investment
exceeds the total amount of investment contributions relating to such investment, post-Stepdown
Date Management Fees will not be calculated based upon such appreciated value, and will instead
continue to be calculated based on the amount of such investment contributions. Where there has
been a partial distribution, partial writedown or partial sale of an investment and the fair market
value of such investment following such event exceeds the total amount of investment
contributions relating to such investment, the Governing Documents do not require Management
Fees after the Stepdown Date to be reduced. As a result, the amount of Management Fees generally
will not correspond with fluctuations in the Fund’s net asset value, including following the
investment period, and will not be reduced in connection with any write downs (whether temporary
or permanent), except in the case of investments completely written off for U.S. federal income
tax purposes. Except where the Governing Documents expressly provide to the contrary,
Management Fees will not be reduced (in whole or in part) in the case of partial distributions (e.g.,
those resulting from a dividend recapitalization) or partial sales of investments.

       In many circumstances, the fair value component of post-Stepdown Date Management Fees
will include capitalized transaction-specific expenses of unrealized investments. Further,
Management Fees generally will not be reimbursed or refunded under the Governing Documents

in the event of realizations, dispositions or partial write-downs that occur partway through the
relevant calculation period.

         The Governing Documents set forth the full list of terms under which Management Fees
will be reduced, offset or otherwise be limited, and consequently Investors should expect to bear
the full specified Management Fee rate in the Governing Documents until they are reduced in the
circumstances and on the date(s) specified therein.

        Architect or another Firm entity will be permitted to receive certain supplemental fees and
other amounts (“Supplemental Fees” or “Transaction Fees”) consisting of (i) closing fees,
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TYPES OF CLIENTS

        Architect provides investment advice solely to its Fund clients, and references throughout
this Brochure to “clients” and to Architect’s related duties to and practices on behalf of its clients
and/or Investors should be construed accordingly. The Funds 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 Investment Company Act of 1940, as amended. The Investors
participating in the Funds generally include individuals, banks or thrift institutions, other
investment entities, university endowments, sovereign wealth funds, family offices, pension and
profit-sharing plans, trusts, estates or charitable organizations or other corporations or business
entities and from time to time include, directly or indirectly, Principals or other employees of
Architect and its affiliates and members of their families, Portfolio Operations team members,
Operating Advisors or other service providers retained by Architect, as well as executives of
portfolio companies.

       The relevant General Partner also generally is permitted from time to time to establish
Funds that are alternative investment vehicles in order to permit certain Investors to participate in
one or more particular investment opportunities in a manner desirable for 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 of such vehicles and the Governing Documents of the related Fund.

       Fund I generally has a minimum investment amount of $1 million for third-party Investors,
and Fund I interests are offered and sold solely to qualified purchasers (or qualified knowledgeable
Architect personnel). Architect generally is permitted to waive such minimum investment amount.

             METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS

General

        Architect’s investment advisory services consist of identifying and evaluating investment
opportunities, negotiating investments, managing and monitoring investments and achieving
dispositions for investments. Architect is a private investment firm that focuses on making
complex, value-oriented control investments in resilient and growing lower middle market
businesses across North America. Architect seeks to invest in businesses headquartered in North
America, with revenues up to $750 million and EBITDA of up to $50 million, but profitability is
not a requirement at the time of investment. Architect’s investments are often made in connection
with corporate buyouts and time sensitive situations.

        Architect targets resilient, growing companies facing complex, fast-moving situations,
often creating motivated seller dynamics to deliver a value-oriented situation. Architect typically
makes majority control investments across its targeted industries: diversified industrials, business
services, and consumer staples. Architect believes these businesses typically have a sustainable
competitive advantage due to mission-critical products and services or strong brand loyalty.

       There can be no assurance that Architect will achieve the investment objectives of any
Fund and a loss of investment is possible.

Investment and Operating Strategy

        Architect intends to pursue strategies rooted from standard buyout investors, including
businesses with a reason to exist in resilient end markets, tangible operational value creation plans,
and underwriting to strong management teams with aligned interests. Architect also intends to
pursue strategies rooted from distressed investors, including high-margin, asset-light businesses or
low-margin, asset-rich businesses, non-core corporate subsidiaries and carve-outs, and out of favor
industries or verticals. Architect seeks to add value through thoughtful deal structuring and founder
alignment, transformative organic growth initiatives, and intensive operational adjustments, with
the aim of creating sought-after assets Architect can exit to both financial and strategic buyers at
premium valuations in a relatively short timeframe. Through this investment approach, Architect
will seek to effectively partner with sellers and management teams to drive long-term relationships
and become repeat buyers in the space.

        At the center of Architect’s strategy is its dedicated Business Development team,
responsible for identifying and qualifying potential investment opportunities. The backbone of
Architect’s sourcing network is thousands of industry relationships developed over decades of its
team members operating in the lower middle market. Despite targeting investments in North
American businesses, Architect’s sourcing process is global, with the team often identifying
international sellers looking to divest part of their businesses. Lastly, Architect’s operational and
value creation capabilities are designed to partner with its portfolio company management teams

with the aim of rapidly implementing operational improvements and “best practices” that are
intended to reinforce business fundamentals and drive sustainable value creation.

       The Firm intends to employ an investment strategy centered on Architect’s four-pillar
approach designed to deliver risk-adjusted returns. The strategy includes:

        •   Relentless focus on investment dynamics: Identify actionable opportunities with
            motivated sellers and situational complexities at disciplined valuations.
        •   Solid business fundamentals: Target mission-critical businesses with competitive
            advantages, recurring customer bases, and defensible market positions.
        •   Embedded equity protection: Actively seek to mitigate equity risk by acquiring
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