Broad Sky Partners LLC

Item 5: Fees and Compensation

Adviser Compensation

Management Fees: Private Investment Fund investors bear their proportionate share of the
applicable investment management fee charged to such Private Investment Fund.
Compensation earned by Broad Sky for providing investment advisory services to the Private
Investment Funds is generally comprised of an asset-based management fee, which does not
exceed 2% and is generally payable quarterly in advance. In the event that an advisory
agreement is terminated prior to the conclusion of a billing period, Broad Sky will refund a pro
rata portion of any pre-paid management fees. The management fee is generally deducted
directly from the Private Investment Fund. Management Fees are based on capital committed
to the particular Private Investment Fund during its investment period, and subsequent to the
investment period, the Management Fee is based on the invested capital within the particular
Private Investment Fund.

In addition, as described in Item 6 - Performance-Based Fees and Side-by-Side Management,
Broad Sky or its affiliates has the potential to earn performance-based compensation from the
Private Investment Funds in the form of a carried interest in profits.

Further, pursuant to the governing documents of each Private Investment Fund, the applicable
general partner, in its discretion, may elect to offer one or more of the limited partners of the
private fund client the opportunity to co-invest alongside the private fund client with respect
to a particular investment. Management Fees and/or carried interest that may be received by
Broad Sky or its affiliates in connection with co-investment opportunities will be determined
on a deal-by-deal basis.

Other Non-Advisory Fees

Broad Sky’s fees are exclusive of brokerage commissions, transaction fees and other related
costs and expenses that may be incurred by the client. Other fees and expenses may include
without limitation:

   •   Brokerage and trading costs, expenses, and commissions;
   •   Third-party custody fees;
   •   Fees and expenses of money market funds that hold cash balances; and
   •   Private Investment Fund expenses include all fees, costs, expenses, liabilities and
       obligations relating to the Private Investment Fund’s and/or its subsidiaries’ activities,
       investments and business (to the extent not borne or reimbursed by a portfolio
       company of such Private Investment Fund), including (i) all fees, costs, expenses,
       liabilities and obligations attributable to identifying, investigating, acquiring, holding
       (including expenses of portfolio tracking and reporting activities and any software,

hardware, technology or systems related to such activities), structuring, organizing,
financing, refinancing, restructuring, managing, monitoring, operating, taking public
or private, valuing, winding up, liquidating, dissolving and disposing of the Private
Investment Fund and the Private Investment Fund’s investments (including (a)
interest and fees on money borrowed by the Private Investment Fund or by Broad Sky or
its affiliates on behalf of the Private Investment Fund, (b) principal, interest and any
related fees and expenses associated with hedging activity, (c) expenses incurred in
connection with credit facilities and (d) registration fees and expenses and
commitment, real estate title, survey, brokerage, finders’, custodial and other fees and
expenses), (ii) legal, accounting, asset and financial administration, custodian,
depositary (including a depositary, representative or paying agent appointed pursuant
to the AIFMD or any other similar law, rule or regulation in any relevant jurisdiction),
commercial banking, auditing, insurance (including directors and officers, errors and
omissions and representation and warranty liability insurance, and all premiums and
charges in connection with the maintenance thereof), travel (including chartered or
first-class travel), litigation and indemnification costs and expenses, judgments and
settlements, consulting, financial advisory, mergers and acquisitions advisory,
investment banking, structuring, brokerage, finders’, financing, expert (including
expert networks), appraisal (including the costs of any third-party valuation agents or
pricing services), filing, printing, title, transfer, registration, market and reference
materials (to the extent incurred for an actual or potential portfolio company) and other
fees and expenses (including fees, costs and expenses associated with the preparation
or distribution of the Private Investment Fund’s financial statements, tax returns, tax
estimates and Schedule K-1s (including any software, hardware, technology or systems
used for such preparation and distribution)), any other administrative, regulatory or
other Private Investment Fund-related reporting or filing, (including (A) any filings,
forms, notifications, reports or other documents to be filed with the U.S. Securities and
Exchange Commission, (B) any filings, forms, notifications, reports or other documents
prepared with respect to the Foreign Account Tax Compliance Act and any comparable
non-U.S. filings, (C) any filings, forms, notifications, reports or other documents to be
filed with the U.S. Commodity Futures Trading Commission, (D) reporting, filing or other
compliance requirements (other than the initial registrations, filings and compliance)
contemplated by the AIFMD or any other similar law, rule or regulation in any relevant
jurisdiction and (E) reporting, filing or other compliance requirements contemplated
by any “know your customer” or anti-money laundering laws, rules or regulations or any
other similar laws, rules or regulation in any relevant jurisdiction), (iii) fees, costs and
expenses incurred by or on behalf of the Private Investment Fund’s advisory board, (iv)
all fees, costs, expenses, liabilities and obligations incurred by the Private Investment
...

Item 7 – Types of Clients

Broad Sky provides portfolio management services to private pooled investment vehicles.
Broad Sky invests in middle market businesses providing essential services across various
end markets through a differentiated approach to sector focus, thematic investing, and value
creation. The minimum capital commitment in a Private Investment Fund managed by Broad
Sky is generally $5,000,000, subject to reduction at the sole discretion of the General Partner
of the Private Investment Fund.