Broadview Management LLC

Item 5 Fees and Compensation

Fund Fees

The fees to be paid to Broadview (and/or its affiliates either directly or indirectly pursuant to certain
provisions in a Fund’s Governing Documents) by each Fund are separately negotiated with each Fund
entity. Funds are to issue or pay a performance-based distribution, incentive units, “profits interest” or
“carried interest,” generally equal to a portion of the earnings generated by the sale of and gains on
underlying investment of a Fund, an increase in the value of a Fund’s assets and/or the distributions made
to the investors in the Fund, after the investors have received a return of their invested capital, plus any
agreed upon preferred return, as described in “Performance-Based Fees and Side-by-Side Management”
below. One or more funds, though not necessarily all Funds advised by Broadview, also may be charged a
periodic asset-based management fee, equal to a specific percentage of assets under management or
committed to such Fund.

However, the specific compensation payable to Broadview with respect to a particular Fund is separately
negotiated and tailored with respect to the underlying investment opportunity and may vary significantly
between Funds. The calculation, timing and amount of such compensation, as well as any adjustments to
be made to such amounts, is agreed upon by the Fund and Broadview, and set out in the Fund’s Governing
Documents and any related agreements between the Fund and Broadview. Broadview generally may waive,
modify or reduce the management fee with respect to any investor or class of investors in a Fund, including
Broadview’s affiliates or employees. Management fees are typically paid by the Funds, and may be paid
out of cash that could otherwise be distributable to the investors in the Fund or used to fund redemptions
for investors in a Fund, including cash held by the Fund after the disposition of an investment and before
the proceeds are distributed to investors (i.e., deducted from the assets of the Fund), or from other cash
reserves or income streams held by the Fund. Investors and prospective investors should carefully review
the organizational and subscription documents of the applicable Fund for further information about the fees
charged to investors. Such documents are available only to prospective investors who are eligible to invest
in such Fund, as determined in the sole discretion of Broadview.

Transaction and Other Fees and Compensation

In connection with the investments made by the Funds, various transaction and other fees may be paid to
Broadview or one or more of its affiliates by the companies in which the Funds invest, or by other third
parties. Such fees include management fees, consulting fees, services fees, breakup fees, directors’ fees,
closing fees, acquisition fees, diligence fees, transaction fees and similar fees. In particular, Broadview
receives services fees from certain of the companies in which the Funds invest in relation to management
consulting services provided by Broadview and its personnel to the companies and their management
personnel, including such services as (a) advice regarding their overall business affairs and long-term
strategy, (b) advice on all aspects of operations, (c) management team development and hiring strategies
and support, (d) development of growth initiatives, including prioritization, funding and tactical execution,
(e) planning and determining financing strategy, (f) acquisition target identification, diligence,
documentation, closing and integration services, and (g) relationship development and management of third
parties including accountants, attorneys, financial advisors and other professionals. The receipt of such fees
and other compensation by Broadview and its affiliates in connection with investments made by
Broadview’s Clients creates a potential conflict of interest, as it could be seen as providing an incentive for

Broadview to cause its Clients to make investments the investors in such Clients would not otherwise make,
or for structuring investments for the purpose of helping Broadview and/or its affiliates obtain fee
compensation at the expense of the deal terms and/or investment returns accorded to Broadview’s Clients.
The terms governing the payment of any such fees to Broadview or its affiliates, including any applicable
caps, fee offsets or other limitations or conditions on such payments, may vary and are subject to the terms
agreed with the investors in a particular Fund, as described in the Governing Documents and subscription
materials for the Fund.

Other Expenses

Each Fund incurs other expenses in connection with Broadview’s advisory services and bears legal,
organizational and offering expenses in connection with its formation, initial closing, ongoing maintenance
and capital raising activities and the acquisition and disposition of its investments, which are borne
indirectly by its investors. The expenses borne by each Fund are subject to the terms and conditions of the
applicable Fund’s Governing Documents, and include (but are not necessarily limited to): fees, costs,
expenses, liabilities and obligations related to or arising from a variety of Fund and/or Broadview-related
activities, including:

    (i)     organizational activities and expenses, including but not limited to expenses related to the
            organization, termination, liquidation, winding up or dissolution of the Fund, its Manager or
            their affiliates, the syndicating or offering of interests in or investments or assets owned by a
            Fund and the preparation and negotiation of any agreements or documents related to any of the
            foregoing;

    (ii)    any activity related to the identification, origination, sourcing, investigation, evaluation,
            diligencing, pursuing, bidding on, development, structuring, restructuring, negotiating,
...

Item 7 Types of Clients

As discussed in Item 4 of this Brochure, Broadview provides discretionary portfolio management and
investment advisory services to the Funds. The investors in the Funds may include high-net worth
individuals, partnerships, limited liability companies, family offices, trusts, endowments, pensions and
profit-sharing plans and other institutional investors. Broadview maintains investor qualifications,
including that investors be “Accredited Investors,” “Qualified Clients” and/or “Qualified Purchasers,” as
set forth in the applicable Fund Governing Documents.

The offering of interests to investors in the Funds is not registered under the U.S. Securities Act of 1933,
as amended (the “Securities Act”), or the securities laws of any U.S. state or any other jurisdiction. The
offering is made to U.S. persons in accordance with Regulation D promulgated under the Securities Act by
the SEC and to non-U.S. persons in accordance with Regulation S promulgated under the Securities Act by
the SEC. The Funds are not registered as an investment company under the U.S. Investment Company Act
of 1940, as amended (the “1940 Act”), in reliance upon an exemption from registration provided by Section
3(c)(1) or Section 3(c)(7) thereunder.