Astira Capital Partners LP

Item 5. Fees and Compensation

The Management Company receives a management fee (the “Management Fee”), and the General Partners receive
a carried interest in connection with advisory services provided to the Funds. Astira or other Astira entities or affiliates
receive additional compensation in connection with management or other services performed for portfolio
companies of the Funds and such additional compensation offsets, subject to certain exceptions in whole or in part,
the Management Fees otherwise payable to the Management Company. Investors in each Fund also bear certain
fund expenses with respect to such Fund, as set forth in the applicable Governing Documents.

Management Fees and Carried Interest

The Management Fee generally is treated as a Fund expense and can be paid out of the current income and
disposition proceeds of a Fund and, in a General Partner’s sole discretion, from drawdowns that will reduce unfunded
capital commitments made by such Fund’s investors (collectively, “Commitments”). Generally, investors in the Funds
are assessed the Management Fee on an annual basis, payable quarterly in advance to the Management Company
or its designated affiliate. As permitted under the applicable Governing Documents, Astira is permitted to reduce or
waive the Management Fee with respect to an investor in its sole discretion.

Generally, investors in Fund I pay a Management Fee equal to 2% of non-affiliated partners’ percentage of the
aggregate Commitments until the end of Fund I’s investment period (or earlier upon the occurrence of certain events
described in the Governing Documents); and, thereafter, 2% of the non-affiliated partners’ percentage of the
aggregate amount of unrecouped capital contributions used to provide bridge financing to a portfolio company or to
pay certain expenses incurred in direct connection with the making, maintaining or disposing of such bridge financing
plus aggregate investment contributions made (the “Investment Contributions”). Generally, investments in a
portfolio company shall 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 value of all remaining investments in such portfolio
company is less than the aggregate Investment Contributions with respect to all existing and former investments in
such portfolio company. Investment Contributions are generally less the aggregate amount of all investment
contributions with respect to the portion of each investment that has been disposed of or completely written-off for
U.S. federal income tax purposes. Monitoring fees, transaction fees, and break-up fees (in each case net of fees)
earned by Astira with respect to Fund I portfolio company investments are generally subject to a Management Fee
offset, as further described in the applicable Partnership Agreement. Generally, the Management Fee will be offset
by 100% of a Fund’s allocable share of any monitoring fees, transaction fees and break-up fees.

Under the Governing Documents, the Management Fee will be calculated and charged on a basis that generally is
not tied to a Fund’s then-current net asset value. As further specified in the Governing Documents, 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 Governing Documents (the “Stepdown Date”), a Fund’s
Management Fee generally will be charged and calculated based on a formula tied to the amount of invested capital
(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 Operating Partners and Executive
Advisors) made by the relevant Fund relating to such Fund’s aggregate investment(s) in its portfolio companies that
have not been realized or that are not Impaired Value Investments (as defined below). As a result, except where the
Governing 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 a Fund, including where the fair
market value of an investment exceeds or falls below the total amount of contributed capital relating to such
investment. Therefore, the Management Fee generally will not be reduced (in whole or in part) in connection with
any partial distributions, partial realizations, reorganizations, recapitalizations (including recapitalizations involving
dividends) restructurings, roll-over investments, extraordinary dividends or similar transactions (in each case in
circumstances that do not result in the complete disposition of the relevant Fund’s interest therein, and even in cases

where the value of a Fund’s investment or such Fund’s ownership percentage in such investment has been reduced
(including substantially reduced) as a result of such transaction) and write downs except as required by the Governing
Documents. Further, Management Fees generally will not be reimbursed or refunded under the Governing
Documents in the event of realizations, dispositions or partial write-downs or write-offs that occur partway through
the relevant calculation period.

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

Generally, the Fund I GP will receive a carried interest representing a percentage of all realized net profits, which will
be paid once Fund I investors have received an 8% compounded preferred return. The percentage of carried interest
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Item 7. Types of Clients

Astira provides investment advice solely to its Fund clients, and references throughout this Brochure to “clients” and
to Astira’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 U.S. Investment Company Act of 1940, as amended (the
“Investment Company Act”). The investors participating in the Funds have included and are expected in the future
to 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 include, directly or indirectly, Principals or other personnel of Astira and its
affiliates and members of their families, as well as Operating Partners, Executive Advisors or other Service Providers
or other relationships retained by Astira or a Fund.

Each General Partner is generally also permitted 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. Generally, in such event, each limited partner that participates in such an
alternative investment vehicle would do so on substantially the same terms and conditions as it participates in a
Fund.

Fund I generally has a minimum investment amount of $5 million for third-party investors, and Fund I interests were
offered solely to qualified purchasers (or knowledgeable employees), each as defined under the Investment
Company Act, and accredited investors as defined under the Securities Act. Astira generally is permitted to waive
such minimum investment amount in its sole discretion, subject to applicable legal requirements.