LNC Management LLC

ITEM 5: FEES AND COMPENSATION

A.     Describe how you are compensated for your advisory services. Provide your fee
       schedule. Disclose whether the fees are negotiable.

Advisory Compensation

Each investor in a Fund is charged an investment management fee (the “Management Fee”) that
is generally based on capital commitments or invested capital (at cost), depending on the stage of
a Fund’s life cycle. The amount of, and the manner and calculation of, the Management Fee is
established through negotiations between LNC and each Fund and is set forth in the Offering
Documents. Management Fees are paid quarterly in advance by each Fund investor to LNC or an
affiliated entity.

Subject to Offering Documents, LNC or an affiliate may be allocated a portion of cumulative net
profits from the investments of such Fund (customarily referred to as a “Carried Interest”).

The compensation described herein may be modified and will at times differ from one Fund to
another, as well as among investors in the same Fund. The Management Fee and Carried Interest
may be reduced or waived in some circumstances in connection with the receipt by LNC or its
related persons of various fees paid by actual or prospective Fund portfolio companies or by certain
organizational or other expenses borne by such Fund.

Other Expenses Paid by the Funds

In addition to paying Management Fees and Carried Interest, each Fund is subject to the payment
of other expenses, as set forth in the Offering Documents for each Fund, such as:

   •   expenses incurred in connection with the organization of a Fund,

   •   fees, costs, and expenses incurred in connection with the dissolution, liquidation and
       winding up of a Fund,

   •   expenses incurred in connection with preparing any amendment, restatement, or other
       modifications to certain Offering Documents,

   •   legal, administrator, accounting, auditing, and other professional expenses including, but
       not limited to, regulatory, compliance, filings, and reporting expenses (to the extent related
       to a Fund or its investments),

   •   principal, interest, and expenses relating to, or arising out of, borrowings by such Fund and
       all reasonable brokerage fees, commissions, and discounts,

   •   costs and expenses incurred in connection with the evaluation, research, purchase,
       retention, or sale of securities (whether or not consummated), including, without limitation,
       loan fees, private placement fees, sales commissions, finder’s fees, brokerage fees, auditing
       fees, underwriting commissions and discounts, investment banker fees, insurance costs,
       and all other expenses that are directly related to particular investments or proposed
       investments, whether or not actually consummated,

   •   expenses incurred in connection with any meeting with investors and meetings of any
       committees formed by a Fund (such as a Limited Partner Advisory Committee),

   •   fees, costs, and expenses associated with the preparation and delivery of Fund financial
       statements, tax returns and Schedule K-1s, Schedule K-2s and Schedule K-3s, capital calls,
       distribution notices, other reports, and notices, and other required or requested information
       (including the fees, costs and expenses incurred to provide access to such reports or
       information, including through a secure website or other portal),

   •   the reasonable costs of any litigation, D&O liability, or other insurance, and

   •   any indemnification or extraordinary expense or liability relating to the affairs of such
       Fund.

Generally included in the expenses permitted to be borne by a Fund are the fees, costs, expenses,
liabilities and obligations of legal counsel, consultants and/or other service providers to procure,
develop, establish, review, revise, customize, upgrade and/or negotiate relationships relating to the
foregoing items, which generally are expected to be significant. Each Fund also generally will
bear the costs of implementing, monitoring, and complying with investment guidelines and
directives relating to the Fund’s strategy, including in side letters relating thereto. Additionally,
subject to the Offering Documents, a Fund typically will bear certain unreimbursed expenses of
portfolio companies and intermediate holding vehicles through which the Fund invests. As a
general matter, broken deal expenses and other expenses relating to the diligence or evaluation of
a prospective investment are allocated among investors within a Fund.

If a Fund proposes to structure an investment using a blocker corporation or other intermediate
entity to avoid causing certain limited partners to incur unrelated business taxable income or ECI
(effectively connected with the conduct of a trade or business within the United States), all costs,
expenses and reduction in proceeds attributable to such blocker corporation or other intermediate
entity, including those related to the structuring, formation, operation and liquidation of, and all
taxes incurred in connection with, related to or imposed on, a blocker corporation or other
intermediate entity shall be borne solely by the limited partners investing through such blocker
corporation or other intermediate entity. In certain cases, these or similar expenses are expected
to be charged to portfolio companies, capitalized into the cost basis of a transaction or, to the extent
necessary or desirable for operational, administrative, tax or other reasons, charged at the level of
an intermediate holding company between the relevant Fund and the portfolio company.

To the extent holding or intermediate entities include one or more special purpose acquisition
companies (“SPACs”), the relevant Fund(s) will bear the costs of organizing and offering such
SPACs, as well as the amount and dilutive effect of any founders’ equity or similar interests issued
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ITEM 7: TYPES OF CLIENTS

Describe the types of clients to whom you generally provide investment advice, such as
individuals, trusts, investment companies, or pension plans. If you have any requirements
for opening or maintaining an account, such as a minimum account size, disclose the
requirements.

Types of Clients and Investment Vehicles

As noted in Item 4 above, LNC provides discretionary investment advice to the Funds, which are
pooled investment vehicles exempt from registration under the 1940 Act. Each Fund has a
minimum subscription amount as set forth in the Offering Documents. LNC reserves the right to
waive the minimum investment amount for investors.

Continuation Funds

As noted above, LNC may form one or more continuation funds structured solely to acquire
portfolio investments from an LNC predecessor Fund, make follow-on investments, and manage,
supervise and dispose of such portfolio investments. Upon the execution of the transaction
agreement and transfer of the portfolio companies from a predecessor Fund to the Continuation
Fund, the predecessor Fund will have no further right, interest or obligation of any kind to the

Continuation Fund or its portfolio companies unless otherwise provided for within legal
agreements.

Multiple Funds

During a Fund’s active investment period, the Firm will pursue all appropriate investment
opportunities that meet the investment criteria of the Fund principally for the benefit of the Fund,
subject to certain exceptions set forth in the Offering Documents. However, the Firm manages
multiple investment funds and investments similar to those in which an active Fund will be
investing and reserves the right to direct certain relevant investment opportunities to those
investment funds and investments. If other investment funds are formed, the Partners and LNC’s
investment staff will manage and monitor such Funds and investments. The Firm believes that the
significant investment of the Partners in each Fund, as well as the Partners’ interest in the Carried
Interest, operate to align, to some extent, the interest of the Partners with the interest of limited
partner investors, although the Partners have or may have economic interests in such other
investment funds and investments as well and receive management fees and carried interests
relating to these interests. Such other investment funds and investments that LNC may control or
manage may compete with an active Fund or companies acquired by the Fund. New investments
will be allocated in accordance with LNC’s allocation policies, and as set forth in Fund Offering
Documents.