KIAN Capital Partners LLC

Item 5. Fees and Compensation

In general, Kian earns management fees, and Kian’s affiliated general partners have the potential
to earn performance-based fees, from each of the Funds. The existence of the performance- based
fees may create an incentive for Kian to approve and cause the Funds to make more speculative
investments than it would otherwise make, or to hold investments for longer than it would
otherwise hold them, in the absence of such performance-based fees.

Please see Item 6 below for information regarding performance-based fees received by affiliates
of Kian with respect to the Funds.

Management fees are generally paid by the Funds to Kian, and Kian bills the Funds quarterly in
advance. Management fees are indirectly borne by the Investors in such Fund. Payment of the
management fee for any partial period will be adjusted on a pro rata basis according to the actual
number of days in such period. Kian may waive or negotiate lower fees for certain Investors per
Kian’s discretion.

The Funds are charged a management fee as detailed in each Fund’s limited partnership
agreement. In addition, for SBIC Funds, the amount of management fees will be subject to the
requirements of the SBIC Act and approval of the SBA.

Each Fund’s governing documents set forth the precise amount and the manner and calculation of
the management fees and the full list of terms under which a Fund’s management fee will be
reduced, offset or otherwise be limited, and consequently Investors should expect to bear the full
specified management fee in the relevant governing documents until reduced in the
circumstances and on the date(s) specified therein.

Kian’s affiliates and other related persons that hold interests in a Fund do not pay management
fees and are not subject to performance-based fees with respect to such interests.

Co-Investment Vehicles pay management fees and performance-based fees outlined in each
respective Co-Investment Vehicle limited partnership agreement. Kian reserves the right in its sole
discretion to charge such fees to Co-Investment Vehicles that may be formed in the future. Such
vehicles are required to bear their own organizational expenses and their share of other
administrative and operating expenses.

Kian’s management fees are exclusive of transaction fees, and other related costs and expenses
which may be incurred by the Funds. Funds may incur certain charges imposed by custodians,
brokers, third party investment advisers and other third parties such as fees charged by managers,
custodial fees, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on
brokerage accounts and securities transactions. See Item 12 below for more information
regarding brokerage fees. Expenses borne by Funds that are not directly related to Kian’s services
include, but are not limited to, the following:

   •   accounting and auditing expenses, including without limitation costs and expenses of the
       Fund relating to the annual audit of the Fund and the preparation of Federal and state tax
       returns of the Fund;

   •   all interest and expenses payable by the Fund on or in connection with any indebtedness
       incurred by the Fund, including leverage incurred;

   •   For the SBIC Funds, all amounts payable to the SBA under the SBIC Act (including, without
       limitation, SBA examination fees), including costs of leverage incurred with the SBA;

   •   taxes payable by the Funds to Federal, state, local and other governmental agencies;

   •   expenses incurred in the actual or proposed acquisition or disposition of investments,
       including, without limitation, accounting fees, brokerage fees, legal fees, transfer taxes
       and costs related to the registration or qualification for sale of investments;

   •   legal expenses of the Funds;

   •   insurance and premiums protecting the Funds, Kian and its affiliates, and any of their
       officers, directors, managers, owners, and employees

   •   actual reasonable out-of-pocket expenses incurred by Kian and its affiliates in connection
       with meetings of and on behalf of the Funds, including meetings of the Fund’s Investors
       and Fund’s Advisory Committee (but not including any expenses of or fees paid to any
       members of the Fund’s advisory board);

   •   Indemnifiable costs;

   •   Organization expenses (subject to any expense offset);

   •   Securities filing fees related to Investments; and

   •   For SBIC funds, fees or dues in connection with the membership of the Funds in any trade
       association for small business investment companies.

If a client terminates the investment management agreement in the middle of a billing period, any
fees previously paid in advance shall be rebatable at the sole discretion of Kian.

Item 7. Types of Clients

Kian’s only clients are the Funds to which Kian directly provides investment advisory services. Kian
does not provide investment advisory services individually to the Investors in the Funds. Investors
in the Funds are generally (i) “accredited investors” (as defined in Rule 501 under the Securities
Act of 1933, as amended) and, for certain Funds, “qualified purchasers” or “knowledgeable
employees” (as defined under the Investment Company Act of 1940), and may include, among
others, high net worth individuals and institutional investors such as banks, thrift institutions,
pension and profit sharing plans, trusts, estates, charitable organizations, university endowments,
corporations, insurance companies, sovereign wealth funds and funds-of-funds.

Kian generally imposes a minimum investment commitment requirement for each Fund. The
offering materials for each Fund provide additional information about the Fund’s minimum
investment commitment, if any, which may be waived by Kian in its sole discretion.