Insight Venture Management LLC

Item 5      Fees and Compensation

Management Fee

With respect to Insight’s flagship Funds, which generally invest in equity and equity related
securities (“Flagship Funds”), Insight generally receives an annual management fee (the
“Management Fee”) from each Fund with respect to each Investor in such Fund. The Management
Fee rate charged differs from Fund to Fund but is generally up to 2% of such Investor’s
commitment during the Fund’s investment period or until Management Fees are payable to a
successor Fund. After the investment period or when Management Fees are payable to a successor
Fund, the Fund generally pays a Management Fee based on each Investor’s pro rata share of the
Fund’s invested capital. Invested capital equals the balance of the acquisition cost of the portfolio
investments held by the Fund, taking into account any permanent impairments of portfolio assets
and otherwise as such acquisition cost is determined under the Fund’s limited partnership
agreement, which may differ from the cost basis determined under generally accepted accounting
principles.

Unless a Fund’s limited partnership agreement sets out specific criteria for determining when a
portfolio investment is permanently impaired, a portfolio investment will be deemed permanently
impaired when Insight determines, in accordance with its valuation policy, which may be amended
from time to time, that the fair value of a Fund’s aggregate remaining investment in a portfolio
company is less than 50% of the acquisition cost of that investment for four consecutive quarters.

Once a portfolio investment is deemed permanently impaired, an amount equal to the difference
between the acquisition cost and the fair value of the portfolio investment will be removed from
the invested capital, and that reduction will impact management fees calculated beginning in the
quarter following the issuance of a fund’s quarterly financial statements to limited partners
reflecting that a portfolio investment has been permanently impaired. To the extent a portfolio
investment continues to depreciate after Insight has declared it permanently impaired, we will
further mark down its fair value and remove the amount of that incremental further markdown
from the management fee base, in each case in accordance with Insight’s valuation policy (i.e.,
quarterly). To the extent a portfolio investment appreciates after we have declared it permanently
impaired, we will not mark up its fair value for management fee purposes. Insight will determine
whether to permanently impair a portfolio investment at the aggregate portfolio company level
unless Insight reasonably expects to realize on the investment at the individual security level rather
than collectively for the interests in the portfolio company. Finally, if any Fund has a limited

partnership agreement setting out specific criteria for a portfolio investment to be permanently
impaired, Insight will make its permanent impairment assessment in accordance with the criteria
set out in that agreement. Due to potential differences in the criteria set forth in their respective
governing documents, in the event where more than one Fund participates in an investment, there
is the possibility that an investment will be considered permanently impaired for purposes of one
Fund’s governing documents but not those of one or more other Funds.

With respect to Funds that Insight sponsored to invest in structured equity and/or secured or
unsecured credit (each, an “Opportunities Fund”), the Management Fee rate charged with respect
to an Investor ranges from 0.75% to 1.00% of such Investor’s commitment during the first 18
months of the investment period or until Management Fees are paid to a successor Fund.
Thereafter, an Opportunities Fund generally pays a Management Fee based on each Investor’s pro
rata share of an Opportunities Fund’s acquisition cost of the portfolio investments held by such
Opportunities Fund, taking into account any permanent impairments of such portfolio assets and
otherwise as such acquisition cost is determined under the Opportunities Fund’s limited
partnership agreement, which may differ from the cost basis determined under generally accepted
accounting principles.

Insight has sponsored the formation of certain feeder funds (each a “Feeder Fund”) for the purpose
of facilitating the participation of certain investors solicited by a placement agent in certain
Flagship Funds. A Feeder Fund invests solely in a Flagship Fund by acquiring and holding a
limited partnership interest in such Flagship Fund. While Insight does not charge Management
Fees to the Feeder Funds (although Investors indirectly bear the Management Fees charged by the
underlying Flagship Fund in which the relevant Feeder Fund invests), Investors in the Feeder
Funds bear certain fees payable to the placement agent.

Insight has sponsored the formation of (i) certain Funds for the purpose of acquiring, holding,
making follow-on investments in, and disposing of certain portfolio investments of certain prior
Funds (each, a “Continuation Fund”) and (ii) certain Funds for the purpose of acquiring, holding,
making, and disposing of follow-on investments in certain Flagship Funds portfolio investments
(the “Follow-On Funds”). Insight does not charge Management Fees to the Follow-On Funds.
Insight does not charge Management Fees to certain of the Continuation Funds, and charges a
Management Fee to the other Continuation Fund at a rate of 0.50% per annum of the acquisition
cost of the applicable portfolio investments held by such Continuation Fund, taking into account
any permanent impairments of such portfolio assets and otherwise as such acquisition cost is
determined under the Continuation Fund’s limited partnership agreement, which may differ from
the cost basis determined under generally accepted accounting principles.

Insight has also sponsored the formation of the Insight Partners Public Equities Fund (the “IPPE
...

Item 7     Types of Clients

Insight generally limits its clients to Funds. The Private Equity Funds are pooled investment
vehicles with a limited term of years. The Hedge Funds are pooled investment vehicles with an
indefinite term. Each of the Vision Fund-of-Funds and the Secondaries Funds is a pooled
investment vehicle with a limited term of years. The Funds are not required to be registered with
the SEC under the Investment Company Act of 1940, as amended (the “Investment Company
Act”), in reliance on exceptions from the definition of an investment company under that Act, and
the offering of interests in the Funds is exempt from registration under the Securities Act of 1933,
as amended (the “Securities Act”). Generally, each Fund consists of a limited number of limited
partnerships, which may be organized within or outside the United States and that generally will
invest (directly or indirectly) side-by-side in all portfolio investments on the basis of available
capital. Insight also advises Coinvestment Funds, which are formed to co-invest alongside a Fund
(or a Fund and its successor Fund) in certain instances whether for investments of a certain size or
for certain types of investments, depending on the Fund in accordance with the limited partnership
agreements of such Fund and the Coinvestment Fund, in which the amount of financing required
for a particular transaction exceeds the size of the investment deemed appropriate for the Fund by
its General Partner or a threshold and/or percentage agreed in the applicable limited partnership
agreement. Interests in the Flagship Funds, the Coinvestment Funds, the Follow-On Funds, the
Continuation Funds, the Opportunities Funds, the Hedge Funds, the Vision Fund-of-Funds, the
Feeder Funds and the Secondaries Funds are subject to restrictions on transferability and resale.
Where the context requires, we may refer to any or all of the limited partnerships comprising a
Fund, including with respect to any Flagship Fund, Coinvestment Fund, Continuation Fund,

Opportunities Fund, Follow-On Fund, the Vision Fund-of-Funds, the Feeder Funds, the
Secondaries Funds or any Hedge Fund, as a “Fund”.

Most of the capital invested in the Funds is attributable to U.S. and non-U.S. institutional Investors,
including public and private pension plans, funds of funds, sovereign wealth funds, insurance
companies, family offices, endowments and charitable foundations. Insight and its personnel who
are “qualified purchasers” or “knowledgeable employees” for purposes of the Investment
Company Act invest in the Funds (and indirectly in the Funds’ portfolio companies) either directly
or through dedicated feeders into the Funds (or in older Funds through partnerships formed to
invest in parallel with a specific Fund). In addition, Funds (other than Coinvestment Funds and
the Hedge Funds) generally include a partnership primarily for Investors who are Insight
employees not eligible to invest in the other partnerships in a Fund, family members of Insight
principals and employees, service providers to Insight and the Funds, including partners of counsel
to Insight, current and former portfolio company executives and other individuals who have a
business or personal relationship with Insight and/or its personnel (each, a “Side-by-Side Fund”).
The Side-by-Side Funds participate pro rata in investments alongside the Funds with respect to
which they were formed.