Landon Capital Partners LLC

ITEM 5. FEES AND COMPENSATION

Management Fees

LCP does not charge Investors any management fees. LCP may charge management fees in
the future on new investments, but will only do so with appropriate disclosure in the applicable
Governing Documents.

Monitoring Fees

LCP has received and expects to receive Monitoring Fees from its Portfolio Companies. LCP
generally has discretion over whether to charge Monitoring Fees or other similar fees to a
Portfolio Company and, if so, the rate, timing and/or amount of such fees. Monitoring Fees
are charged for management services that include creating and implementing financial plans
and reporting; sourcing, evaluating, and management of add-on investments; serving on
Portfolio Company boards; and other related services. Monitoring Fees could be fixed or
variable. Monitoring Fees paid by a Portfolio Company may be subject to the terms and
conditions provided for in loan agreements entered into between the Portfolio Companies
and their lenders and, accordingly, may be paused or terminated if an event of default or
other similar condition under the loan agreement occurs at the lender’s discretion.
Monitoring Fees are paid in addition to Transaction Fees and carried interest (discussed in
Item No. 6) and do not offset any carried interest LCP receives.

Transaction Fees

LCP also receives transaction closing fees (“Transaction Fees”) when it closes an investment

in a Portfolio Company. Transaction Fees are paid to LCP on a one-time basis by the
Portfolio Company at closing and are not offset against carried interest or any other form of
compensation payable to LCP. The Transaction Fee applicable to each investment is
disclosed to participating Investors in the Governing Documents prior to the closing of their
investment.

LCP earns Transaction Fees in connection with the closing of Portfolio Company
acquisitions as compensation for the advisory and transaction execution services performed
by LCP’s employees in connection with each investment. These services include, without
limitation: identification and sourcing of investment opportunities; preliminary investment
evaluation and screening; engagement and oversight of third-party due diligence providers;
transaction structuring and negotiation; coordination of legal, accounting, and financing
workstreams; and management of the closing process. LCP believes these services are
distinct from its ongoing portfolio management and monitoring responsibilities, which are
separately compensated through carried interest upon a successful exit.

Transaction Fees are not a payment for investment banking or M&A advisory services
provided by a licensed broker-dealer. LCP is a registered investment adviser, not a broker-
dealer, and the Transaction Fee is distinct from any fees paid to third-party investment banks
or financial advisers engaged in connection with a transaction, as described in Item 12 of
this Brochure.

Carried Interest

LCP receives carried interest as provided for in Item No. 6.

Independent Sponsor Fees

Independent Sponsors may also be compensated through the receipt of Monitoring Fees and
Transaction Fees from the Portfolio Companies. Independent Sponsors may also receive
carried interest on the sale or disposition of Portfolio Companies. In addition, a portion of
the Monitoring Fees paid to LCP may be shared with Co-Investment Vehicles.

ITEM 7. TYPES OF CLIENTS

LCP serves as the discretionary investment adviser to the SPVs. LCP does not provide
investment advisory services individually to Investors in SPVs. LCP may decide in the future

to provide advice to individual separately managed accounts and to other SPVs or Private
Funds. Investors may include, but are not limited to, high-net worth individuals, family
offices, and other institutions located in the United States, the United Kingdom, the
European Union, and the Middle East.

Investors in an SPV or Private Fund are required to meet certain suitability and net worth
qualifications, depending on the applicable eligibility requirements of the SPV including,
without limitation: (i) an “accredited investor” within the meaning of Rule 501 of Regulation
D under the Securities Act of 1933, as amended (the “Securities Act”); (ii) a “qualified
purchaser” as defined in Section 2(a)(51) of the Company Act; or (iii) a “knowledgeable
employee” within the meaning of Rule 3c-5 of the Company Act.

LCP may impose a minimum investment commitment requirement for each SPV it advises
but has not yet imposed a minimum requirement on Investors. Any minimum contribution
and Investor capital requirement can be waived by LCP or its affiliates at its sole discretion.