BSIP SLP GP LLC

Item 5.    Fees and Compensation

The Adviser or its affiliates generally receive Carried Interest (as defined below) or similar
performance-based remuneration from an Advisory Client or an investment held by an Advisory
Client (each, an “Investment”). Investments and/or the Advisory Clients also make other payments
to the Adviser or its affiliates for services provided to it. The fee structures described herein may
be modified from time to time. Details about such fees and expenses are contained in the
Organizational Documents of an Advisory Client. Further details about certain common fees and
expenses are set forth below.

Management Fees

With respect to certain of the Advisory Clients, the Adviser charges a management fee as
compensation for consulting and advisory services rendered to such Advisory Client (each, a
“Management Fee”). The Management Fee is typically calculated based on committed capital or
aggregate cost, with respect to such Advisory Client. Management Fees may be reduced during
the life of an Advisory Client. The precise amount of, and the manner and calculation of, the

Management Fee for each Advisory Client will be established by the Adviser and will be set forth
in the Organizational Documents of such Advisory Client. The Management Fees and other fees
and distributions described herein are or will be generally subject to modification, waiver or
reduction by the Adviser in its sole discretion. Fees differ from one Advisory Client to another,
as well as among investors in the same Advisory Client. Unless otherwise agreed with an Advisory
Client’s investors, Management Fees will continue to be payable during any term extensions.

Certain investors in the Advisory Clients that are employees, former employees, business
associates and other “friends and family” of the Adviser, its affiliates or their personnel (including
any related entity established by any of the foregoing, such as trusts, charitable programs,
endowments or related programs, family investment vehicles and other estate planning vehicles)
(collectively, “Adviser Investors”) will not typically pay Management Fees or Carried Interest in
connection with their investment in an Advisory Client. Furthermore, the Adviser has in the past
and may, from time to time in the future establish certain investment vehicles through which
Adviser Investors or other third parties may invest alongside one or more Advisory Clients in one
or more investment opportunities, which do not pay Management Fees or Carried Interest.
Notwithstanding that Adviser Investors will generally not pay Management Fees, Adviser
Investors will generally pay for their pro rata share of certain Advisory Client expenses, or the pro
rata portion of such Adviser Investors’ expenses will be allocated to the Adviser or the general
partner of the applicable Advisory Client.

The Adviser from time to time enters into economic and/or other fee-sharing arrangements with
respect to one or more Advisory Clients and/or certain limited partners thereof, the rights of which
will not generally be offered to other limited partners. Such fee sharing arrangements may be a
percentage of the Management Fee or Carried Interest received by the Adviser, or may be other
fee-sharing arrangements.

To the extent a Management Fee is charged to an Advisory Client, it is payable quarterly in
advance.

Other Fees

In addition to the Management Fee and Carried Interest, the Adviser and its affiliates from time to
time receive a variety of other cash, equity and other non-cash fees relating to the investment
activities of an Advisory Client and the Investments including advisory fees, break-up fees,
directors’ fees, consulting fees and similar fees (including “profits interests” or other equity
awards), from, or with respect to, the Investments or prospective Investments (collectively with
the other fees described in this section, “Other Fees”). Century III is the affiliated entity that
receives advisory fees and is party to advisory agreements with Investments. Robert Wechsler, as
the sole member and manager of Century III, is the sole recipient of those fees. The amount and
timing of Other Fees received by the Adviser or its affiliates are generally specified in the
agreement or other documentation governing the applicable transaction. Currently, Other Fees do
not reduce the Management Fees or otherwise benefit the Advisory Clients or the investors therein,
however Other Fees may reduce the Management Fee with respect to certain Advisory Clients in
the future.

From time to time the Adviser may maintain the amounts associated with Other Fees in accounts
that bear interest before such amounts are offset. Any such interest is not, and will not in the future
be, considered “Other Fees” and does not, and will not in the future reduce Management Fees or
otherwise benefit the Advisory Clients or their investors.

Other Fees are often substantial and may be paid in cash, in securities of the Investments or
prospective Investments or may be paid in the form of a profits interest or similar equity interest
in the Investment or prospective Investment. The payment of Other Fees and reimbursements by
Investments and prospective Investments will, in some, but not all, circumstances create a conflict
of interest between the Adviser and its affiliates, and the Advisory Clients and their investors,
because the amounts of these Other Fees and reimbursements are often substantial and the
Advisory Clients and their investors, except for certain affiliated investors as described below,
generally do not have a direct interest in these fees and reimbursements. The Adviser determines
the amount and timing of these Other Fees for the services provided and reimbursements in its
own discretion, subject to agreements with sellers, buyers, and management teams, the board of
directors of or lenders to the Investments, and/or third-party co-investors in its transactions.
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Item 7.      Types of Clients

The Adviser currently provides investment supervisory services to the Advisory Clients.
Investment advice is provided directly to the Advisory Clients and not individually to investors in
such Advisory Client.

Interests in the Advisory Clients are offered pursuant to applicable exemptions from registration
under the Securities Act and the 1940 Act.

The Adviser does not have a minimum size for an Advisory Client, but minimum investment
commitments may be established for investors in the Advisory Clients. The general partner and/or
managing member of each Advisory Client may in its sole discretion permit investments below
the minimum amounts set forth in the Organizational Documents of such Advisory Client.