Newroad Capital Partners LLC

ITEM 5: FEES AND COMPENSATION

Management Fee

NRCP receives management fees for its services to Fund II, Fund III and Fund IV. Generally,
management fees are charged at an annual rate of between 1.5% and 2.0% of the amount of
capital committed by each limited partner in such Fund. Each such Fund’s management fees are
generally paid quarterly in advance by capital calls. If NRCP were to be terminated as the
investment adviser to such Funds, a pro rata portion of any management fee paid in advance
would be rebated. NRCP waives or reduces management fees to certain of NRCP’s supervised or
related persons or to other limited partners in its sole discretion. Please see the Memoranda or
limited partnership agreements for a more complete description of each such Fund’s
management fee.

Carried Interest

The Funds’ general partners that are affiliated with the Firm are generally entitled to a portion of
the respective Fund’s “Carried Interest.” The Carried Interest is generally equal to a percentage
of the investment proceeds distributable by each Fund in excess of the capital invested by the
limited partners and their allocable share of fees and expenses.

Affiliates of NRCP, namely, NewRoad Fund IV GP, L.P., NewRoad Fund III GP, L.P. and NewRoad
Growth Advisors, LLC (“NRGA”) (each, a “NewRoad GP,” and collectively, the “NewRoad GPs”)
serve as a general partner of Fund IV, Fund III, and Fund II, respectively. NRGA and affiliates of
KACALP who serve as a co-general partner of Fund II as described further in Item 10 are generally
entitled to, and share, a portion of Fund II’s Carried Interest.

Please see the Memoranda or limited partnership agreements for a more complete description
of each Fund’s Carried Interest.

Other Fees

NRCP is permitted to receive financing, transaction, investment banking, break up, directors and
other fees in connection with the activities of the Funds (“Other Fees”) paid by the Funds’
portfolio companies. In general, management fees will be reduced by Other Fees received by
NRCP in connection with the activities of the Funds, net of expenses. Additionally, NRCP may be
reimbursed by the Funds’ portfolio companies for expenses incurred by NRCP in connection with
its investments. Please see the Memoranda or limited partnership agreements for a more
complete description of each Fund’s Other Fees.

                                                                                Form ADV Part 2A

Fund Expenses

The Funds are generally responsible for all of their own costs and expenses as described in the
Memoranda or limited partnership agreements. These expenses include, but are not limited to,
organizational expenses, due diligence expenses (including travel costs and costs related to
potential investments that are not completed), transactional costs, legal costs (including in-house
counsel costs if performing functions normally performed by outside counsel), audit and
accounting fees and all other expenses related to the Funds’ operations. NRCP and its affiliates
are generally responsible for their own operating costs and expenses, except as otherwise
disclosed in the Funds’ Memoranda or limited partnership agreements. NRCP also engages from
time to time Operating Partners and Strategic Advisors who provide consulting and advisory
services to the Firm and who are not employees or affiliates of the Firm. A team of experienced
Operating Partners and Strategic Advisors may, among other things, assist the Funds with
sourcing and due diligence on prospective portfolio companies and serve on the board of the
Funds’ portfolio companies. Certain Funds treat Operating Partners’ and Strategic Advisors’
expenses, such as compensation, reasonable travel, lodging, entertainment and fees in
connection with due diligence as a Fund expense. Please refer to the Funds’ Memoranda or
limited partnership agreements for a detailed description of the expenses borne by each Fund.

                                                                              Form ADV Part 2A

ITEM 7: TYPES OF CLIENTS

NRCP provides investment advice to the private investment funds, as identified in Item 4, that
the Firm or its affiliates sponsor.

The Funds are offered only by the Memoranda or limited partnership agreements to investors
who meet the relevant investor eligibility requirements. The Funds’ investors consist of
institutional clients, family offices, funds of funds and high net-worth individuals.

Additionally, the Funds are subject to a minimum investment amount, which varies by Fund.
NRCP has the ability to raise or lower the minimum investment amount for the Funds and accept
initial capital contributions below the established minimum in its discretion.

Please see the Memoranda or limited partnership agreements for more information on investor
eligibility requirements and the minimum investment required by the Funds.

                                                                                 Form ADV Part 2A