Astra Capital Management LLC

ITEM 5 – FEES AND COMPENSATION

Management Fee
As compensation for its advisory services to the Private Equity Fund, Astra will generally receive
a 2% per annum fee (“Management Fee” or “Management Fees”) payable quarterly in advance
and deducted from the Private Equity Fund. Management Fees will generally be reduced by 100%
of any net break-up fees, transaction fees, monitoring fees, directors’ fees or other fees received
by Astra, the General Partner or certain principals (the “Principals”) that are attributable to the
activities of the Private Equity Fund or its portfolio companies.

Following the commitment period of the Private Equity Fund, the annual Management Fee will be
decreased to 2% of the aggregate funded commitments of Investors, reduced by the aggregate
amount of distributions to the Investors constituting a return on invested capital and the amount of
any permanent write down (to the extent of such write down).

The Management Fees relating to the Private Equity Fund may be paid out of current income and
the disposition proceeds of the Private Equity Fund and, to the extent necessary, from drawdowns,
which will reduce the remaining commitments of the Investors in the Private Equity Fund.

Offering and Organizational Expenses
The Private Equity Fund will generally be responsible for all legal, accounting, filing and other
organizational expenses, including the out-of-pocket expenses of Astra and its General Partner,
incurred in the formation of the Private Equity Fund (“Organizational Expenses”). The Private
Equity Fund has reimbursed Organizational Expenses of $1,250,000.

Operating Expenses

Astra and the General Partner of the Private Equity Fund will pay all of their ordinary
administrative and overhead expenses in managing the Private Equity Fund’s investments,
including salaries, benefits, and office rent.

The Private Equity Fund will pay all other expenses attributable to the activities of the Private
Equity Fund including without limitation: (i) all expenses, costs and liabilities incurred in
connection with the evaluation, making, holding, sale, proposed sale, other disposition or valuation
of actual or proposed portfolio investments and temporary investments for the Private Equity Fund,
whether or not consummated (including, but not limited to, sales commissions, appraisal fees,
taxes, brokerage fees, underwriting commissions, travel (up to first-class fares domestically and
business class fares internationally), meals, entertainment, legal, accounting, audit, investment
banking, consulting, finders’, financing, information services and due diligence fees and expenses,
and other fees and expenses in connection therewith, to the extent not subject to reimbursement
from third parties); (ii) costs and liabilities incurred in connection with litigation, or other
extraordinary events, D&O liability and other insurance and indemnity expenses; (iii) all taxes,
fees and other governmental charges payable by the Private Equity Fund, expenses incidental to
the transfer, servicing and accounting for the Private Equity Fund’s cash and securities, including
all charges of depositories and custodians, and all expenses incurred by the General Partner of the
Private Equity Fund in its capacity as the “tax matters partner” or the “partnership representative;”
(iv) all expenses and costs associated with meetings of the Investors; (v) all expenses and costs of
the Advisory Board, and Private Equity Fund’s pro rata share, as reasonably determined by the
General Partner of the Private Equity Fund, of the costs of the Industry Advisor Network (as
defined in the Confidential Private Placement Memorandum of the Private Equity Fund) for certain
of the Private Equity Fund; (vi) brokerage commissions, custodial expenses, trustee, appraisal and
record keeping fees and other administrative and investment costs incurred in connection with
portfolio investments and temporary investments; (vii) expenses incurred in connection with the
maintenance of the Private Equity Fund’s books of account and the preparation of audited or
unaudited financial statements required to implement the provisions of the Limited Partnership
Agreement of the Private Equity Fund or by any governmental authority with jurisdiction over the
Private Equity Fund (including, without limitation, fees and expenses of independent auditors,
accountants and counsel, the costs and expenses of preparing and circulating any reports called for
by the Limited Partnership Agreement of the Private Equity Fund and any fees or imposts of a
governmental authority imposed in connection with such books and records and statements) and
other routine administrative expenses of the Private Equity Fund or its subsidiaries, including, but
not limited to, the cost of the preparation of tax returns, cash management expenses and insurance
and legal expenses, preparation of Schedule K-1s, any administrative, regulatory or other reporting
or filing directly attributable to the Private Equity Fund (including any filings or reports
contemplated by the Alternative Investment Fund Managers Directive or any similar law, rule or
regulation that are attributable to the Private Equity Fund); (viii) the Management Fee, (ix) any
taxes, fees and other governmental charges levied against or payable by the Private Equity Fund
except to the extent that the Private Equity Fund is reimbursed therefor by a reimbursing partner
or such tax, fee or charge is treated as having been distributed to the Investors), (x) placement fees,
(xi) expenses incurred in connection with any indebtedness of the Private Equity Fund and any
Alternative Investment Vehicle or any other credit arrangement (including, without limitation, any
line of credit, loan commitment or letter of credit), (xii) costs and expenses that are classified as
extraordinary expenses under GAAP, and (xiii) any Excess Organizational Expenses, but not
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ITEM 7 – TYPES OF CLIENTS

Astra’s clients are the Funds. Interests in the Funds may be purchased only by Investors that meet
the eligibility criteria and minimum investment requirements as set forth in the relevant offering
documents of the Funds, which may be waived at the sole discretion of Astra.

Investors are individuals and entities who are (i) “accredited investors”, as defined in Regulation
D promulgated under the Securities Act of 1933 (the “Securities Act”), and (ii) either “qualified
purchasers”, as defined in Section 2(a)(51) of the Investment Company Act of 1940 (the “1940
Act”), or “knowledgeable employees” as identified in the 1940 Act. Investors may include other
private funds, public and private pension funds, financial institutions, insurance companies, high net
worth individuals and family offices.

Astra and/or the General Partners or Managers and the Funds may enter into side letters or other
writings to or with certain Investors, which have the effect of establishing rights for such Investors
not afforded to other Investors, or allowing such Investors to invest in the Funds on terms that
differ from the terms described in the Private Placement Memorandum for the Private Fund, the
Limited Partnership Agreement or the Operating Agreement for the particular Co-Investment
Fund, as the case may be.

The minimum investment for an Investor in the Funds is $1,000,000 but may be waived at Astra’s
discretion.