Capitol Meridian Partners LP

Item 5: Fees and Compensation

In general, Capitol Meridian receives a management fee (the “Management Fee”) and a carried interest in
connection with advisory services provided to the Main Fund and does not receive a Management Fee or
carried interest from the Co-Invest Funds (though the Adviser reserves the right, in its sole discretion, to
charge a Management Fee and obtain a carried interest in respect of any co-investment). The Executive
Fund is subject to a Management Fee and carried interest on the same terms as the Main Fund as described
below; however, the General Partner is permitted to waive such amounts. Capitol Meridian and/or its
affiliates receive additional compensation in connection with management and other services performed for
portfolio companies of Funds and such additional compensation will offset in whole or in part the
Management Fees, if any, otherwise payable to Capitol Meridian in accordance with the Governing
Documents. In addition, Capitol Meridian reserves the right to receive compensation for management and
other services performed in connection with co-investments made in portfolio companies of the Funds.
Investors in a Fund also bear certain expenses. A summary of the Fund’s anticipated fees and expenses
follows, but investors should review the applicable Fund’s Governing Documents for details regarding fee
structure and expenses. As indicated above, reference to Fund Management Fees and carried interest below
are not applicable to the Co-Invest Funds, which do not pay a Management Fee or carried interest.

Management Fees

The Fund is expected to pay a Management Fee equal to 2% on an annual basis of aggregate capital
commitments (“Commitments”) of investors that are not designated as “Affiliated Partners” by the
General Partner. Payments are made quarterly in advance commencing with the first Management Fee due
date after the expiration of the Fund’s investment period or earlier upon the occurrence of certain events as
set forth in the Partnership Agreement, the Management Fee will equal 2% of: (i) the aggregate amount of
investment contributions, less (ii) the aggregate amount of investment contributions with respect to the
portion of each investment that has been disposed of or completely written-off, in each case with respect to
investors not designated as Affiliated Partners.

Capitol Meridian Partners LP                                            Form ADV Part 2A Brochure

Installments of the Management Fee payable for any period other than a full three month period are adjusted
on a pro rata basis according to the actual number of days in such period.

The Fund’s Management Fee is expected to be reduced, but not below zero, by an amount equal to 80% of
Transaction Fees. “Transaction Fees” include any: (i) directors’ fees, financial consulting fees or advisory
fees paid to the General Partner with respect to any Fund investment; (ii) transaction fees paid to the General
Partner with respect to any Fund investment; and (iii) break up fees with respect to Fund transactions not
completed that are paid to the General Partner or the Operations Group, in each case net of certain expenses
as set forth in the Partnership Agreement; but not including, in any event, any amount received by the
General Partner or other person from a portfolio company (A) as reimbursement for expenses directly
related to such portfolio company; (B) as payment for services provided to any portfolio company in the
ordinary course of such portfolio company’s business; (C) as compensation for services provided by the
General Partner or other person as an employee of or in a similar capacity for such portfolio company; or
(D) as compensation, including fees, incentive equity or other stock awards and expense reimbursements,
for services rendered by the Operations Group (or a member thereof) to a portfolio company or prospective
portfolio company.

Various costs and expenses will reduce Transaction Fees (and therefore such amounts will not reduce the
Management Fee), including out-of-pocket costs and expenses (including travel expenses) incurred by the
General Partner in connection with any consummated or unconsummated transaction or in connection with
generating any such Transaction Fees.

Any fees of the type described in the definition of Transaction Fees with respect to an investment or
potential investment (including unconsummated transactions) will be allocated to each Fund only to the
extent of such Fund’s relative ownership or anticipated ownership of such investment or potential
investment on a fully-diluted basis, or in such other manner as the General Partner considers fair and
equitable to its clients under the circumstances. Accordingly, each Fund will, in most cases, only benefit
from the Management Fee reduction described above with respect to its allocable portion of any such
Transaction Fee and not the portion of any such fee allocable to any other person that holds an economic
interest in (or, in the case of an unconsummated transaction, would have held an economic interest in) the
applicable portfolio company or potential portfolio company (including without limitation any co-investor).

Carried Interest

As more fully described in the Governing Documents, the Funds’ General Partner generally will receive a
carried interest with respect to the Fund equal to 20% of realized profits in excess of an 8% compounded
preferred return and subject to a General Partner catch-up provision. The carried interest distributed to the
General Partner is subject to a potential clawback at the end of the Fund’s life if such General Partner has
received excess cumulative distributions.

It is expected that any future Funds will have a similar fee structure.

Other Information

The General Partner is authorized, in its sole discretion, to designate certain investors as “affiliated partners”
...

Item 7: Types of Clients

Capitol Meridian provides investment advice to the Fund clients, and references throughout this Brochure
to “clients” and Capitol Meridian’s related duties to and practices on behalf of its clients and/or investors
should be construed accordingly. The Funds include investment partnerships or other investment entities
formed under domestic or foreign laws and operated as exempt investment pools under the U.S. Investment
Company Act of 1940, as amended, and the rules and regulations promulgated thereunder (the “Investment
Company Act”). The investors participating in the Funds are expected to include individuals, banks or
thrift institutions, insurance companies, 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, directly or indirectly, principals or other employees of Capitol

Capitol Meridian Partners LP                                         Form ADV Part 2A Brochure

Meridian and its affiliates and members of their families, Operations Group members or other service
providers retained by Capitol Meridian.

For legal, tax, regulatory or other reasons, Capitol Meridian is authorized to form one or more alternative
investment entities to make, restructure, or otherwise hold investments, including outside the Funds.
Generally, in such event, each investor that participates in an alternative investment vehicle would do so
on substantially the same terms and conditions as it participates in the Funds.

The Fund generally has a minimum investment amount of $5 million for third-party investors. Such
minimum investment amount may be waived by the General Partner. Fund interests are offered and sold
solely to “accredited investors,” as defined in Regulation D promulgated under the U.S. Securities Act of
1933, as amended (the “Securities Act”), and, unless waived in the discretion of the General Partner,
“qualified purchasers” as that term is defined under the Investment Company Act (or certain qualified
knowledgeable Capitol Meridian personnel).