Argosy Capital Group LLC

Item 5 – Fees and Compensation

Argosy Capital and the Fund Advisors are private fund managers. The Funds are neither registered under
the Investment Company Act of 1940, as amended, nor are their interests registered under the Securities
Act of 1933, as amended. Accordingly, interests in the Funds are offered exclusively to investors satisfying
the applicable eligibility and suitability requirements either in private placement transactions within the
United States or in offshore transactions. No offer to sell the Funds is made by the descriptions in this
Brochure and the Funds are available only to investors that are properly qualified.

Management Fees

Argosy charges investors in the Funds an annual management fee that can range from 0% to 2.0% of
aggregate capital commitments to a Fund during the investment period and then of contributed capital,
capital commitments or cost, as applicable, until the Fund is fully liquidated as further described in the
Funds’ offering documents. Argosy may elect to waive a portion or all of a Fund investor’s management
fee and Argosy or its affiliates may not be charged a management fee with respect to their commitments or
invested capital. Management fees are generally not negotiable other than in certain circumstances.
Management fees are typically paid quarterly in advance, and deducted from the Fund’s account. If there
are insufficient assets, Argosy will issue a capital call notice to investors. Management fees are generally
not refundable absent certain circumstances described in the Fund’s organizational documents.

Performance-Based Compensation

In addition to the management fee, Argosy or its affiliates may also be paid performance-based
compensation as more fully described in “Item 6 – Performance Based Fees and Side-by-Side
Management”.

Additional Fees and Expenses

Investors in the Funds typically bear their pro rata share of fees, costs and expenses incurred in the
organization, operation and administration of the Fund. Fund Expenses are more specifically described in
the private placement memorandum and/or organizational documents for each respective Fund. Generally,
expenses that Fund investors may bear include, but are not limited to: (i) organizational costs and expenses
of the Fund including legal, accounting and costs associated with offering the Fund’s interests; (ii) costs
related to parallel entities, feeder entities and other structures through which investors invest in the Fund or
through which the Fund makes investments; (iii) legal, accounting, administration, custody and other
similar costs and expenses including software and technology; (iv) all costs and expenses incurred in
connection with actual or potential Fund investments, including the finding and sourcing of investments
and including costs for investments that are never consummated (i.e. “broken deal” expenses); (v) certain
expenses for research, software/databases, subscriptions, conferences, and entertainment; (vi) regulatory
costs and expenses including filing fees and compliance with regulations (but not including costs related to
the Argosy’s registration under the Advisers Act); (vi) litigation costs and expenses; (vii) meeting costs of
fund investors, advisory boards and/or operating partners; (viii) costs and expenses of Fund financial and
tax reporting and filings including investor statements and tax returns; (ix) insurance expenses; and (x)
costs and expenses associated with the holding, purchase or sale of securities and borrowing by the Fund.

Certain costs and expenses for products and services used in connection with the business of the Fund and
other entities managed by the Fund Advisors or their affiliates are incurred on an aggregate basis and are
allocated among the Fund and such entities as further described in the Fund offering documents. Fund
expenses do not include the expenses of the Funds’ general partners, Fund Advisors or their affiliates with
respect to their general overhead, such as salaries and rents.

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Fees for the Sale of Securities

Argosy does not receive, directly or indirectly, any compensation from the sale of securities or investments
that are purchased or sold for client accounts. Argosy is compensated through the stated management fee,
performance fee, and/or other additional fees and expenses (if any) agreed upon in the relevant investment
management agreement and/or organizational documents for each Fund.

Other Compensation

Argosy personnel may receive certain benefits as a result of their work for Argosy and its clients including
discounts on products and services from portfolio companies in which Argosy clients are invested,
including hotel discounts, and other travel benefits obtained while traveling on behalf of clients such as
airline miles. Such discounts and benefits are retained by Argosy personnel, who may use such benefits
for their personal use, and the value of such benefits are not reimbursable to Argosy’s clients.

Item 7 – Types of Clients

Argosy’s clients are the Funds, which are investment funds that are privately-offered to investors which
include institutions, fund of funds, banks, family offices, and high net worth individuals.

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Some of the Funds require investors to make a minimum commitment amount ranging from $250,000 to
$10 million. Such minimums may be waived at the discretion of the general partner of the Fund.