One Bow River Advisers LLC

Item 5:      Fees & Compensation
The following is a general description of the fees, compensation and other expenses of the Private Fund.
The Fund’s governing documents describe fees, compensation, and expenses in greater detail. Investors
should refer to such governing documents of the Fund for a complete understanding of how the Firm is
compensated for its advisory services. The information provided herein is qualified in its entirety by such
governing documents.

With respect to the Private Fund, the General Partner, in its sole discretion, but subject to the review and
approval of the SBA, may enter into side letters and other agreements granting more favorable rights or
terms to specific investors. These rights or terms may include among other items: special rights with
respect to future investment capacity, the rights to receive additional, more frequent or specialized
reports, and rights to reduced or waived performance fees, breakpoints, limits, co-investments and/or
management fees. The General Partner may base its waiver and/or discount decision upon certain
criteria, including but not limited to historical relationship, anticipated future investments, and/or size
of investment.

Management Fee Payable to ONE Bow River Advisers

The Private Fund generally compensates ONE Bow River Advisers for its advisory services through the
payment of a management fee (the “Management Fee”). The Management Fee for the Private Fund is
generally equal to: (i) two percent (2%) of its aggregate commitments of the Limited Partners during the
Investment Period; and (ii) after the Investment Period, the rate shall reduce by ten (10) basis points on
each anniversary of the first business day after the termination of the Investment Period until the last day
of the term of the Partnership, but will not be less than 1.0% per annum.

The General Partner may elect in its sole discretion to reduce or terminate the annual management fee at
an earlier date. Additionally, Management Fees payable to Funds that are licensed SBICs are further
subject to SBA approval.

Performance-Based Fee Payable to the General Partner upon Distribution/Realization of Investment
Proceeds

ONE Bow River’s affiliated General Partner is eligible to receive a performance-based fee, which may be
referred to as carried interest, incentive allocation or promote (collectively referred to as “Carried
Interest”) on distributions made by the Private Fund for which no such performance-based fee is charged.
The Private Fund typically receives a Carried Interest of 20% above a 10% preferred return computed on
a daily basis, but not compounded, for the Private Fund.

Expenses

Except as discussed in the Private Fund’s offering document, the Firm and/or the General Partner will
generally bear all ordinary administrative and overhead expenses incurred in connection with
maintaining and operating its offices, including compensation for employee salaries, costs associated with
office space, equipment, administrative services and clerical services.

The Private Fund will generally bear all costs and expenses incurred in purchases, sales or exchanges
made in connection with the Fund’s investment activities. In additional Fund expenses will typically
include, but are not limited to (i) a specified amount of organizational and startup expenses up to a
specified limit; (ii) management fees; (iii) all general investment expenses (i.e., all expenses which the
Firm reasonably determines to be directly related to the investment of Client’s assets); (iv) all
administrative, legal, accounting, auditing, record-keeping, tax, compliance and consulting costs and
expenses; (v) expenses of the members of the Advisory Board; (vi) all amounts payable to the SBA under
the SBIC Act (including without limitation, the cost of obtaining an SBIC license and SBA examination fees)
or attributable to the SBIC license; (vii) fees or dues in connection with the Fund’s membership in any
trade association for small business investment companies and related enterprises and fees and expenses
for attendance at such trade association events or other trade conferences or shows attended primarily
for investment origination or monitoring purposes; (viii) any syndication and similar reasonable costs to
the fullest extent allowed under the SBIC Act; and (ix) fees, costs and expenses of third-party service
providers that provide such services to the Private Fund.

All expenses will be described more fully in the Private Fund’s Offering Memorandum and are subject to
review by the SBA as part of the SBIC licensing process.

Service Providers, Advisors & Operating Partners

The General Partner may enter into servicing arrangements with vendors with respect to specific types
of assets based upon specialized expertise or systems. The Private Fund (or the General Partner on behalf
of the Private Fund) may also engage and retain advisors, consultants and other similar professionals who
are not employees or affiliates of the Firm. These advisors may receive payments from, or allocations with
respect to the Private Fund, the Private Fund’s portfolio companies and/or other entities. Such advisors
provide services in relation to the identification, acquisition, holding, improvement and disposition of the
Private Fund’s portfolio companies, including operational aspects of such companies. In addition,
advisors retained by the General Partner or the Firm may also have the opportunity to invest directly in
portfolio companies, generally at the same time and on the same terms as the Private Fund.

Additionally, the General Partner may enter arrangements with certain persons (“Advisors” and/or
“Affiliated Service Providers”) that are intended to assist the General Partner or the Private Fund by
providing insights, advice or assistance on matters including, but not limited to, macro trends, markets,
product development and other fields, industry contacts, deal flow, diligence, technical evaluations,
...

Item 7:       Types of Clients
As mentioned in Item 4, Advisory Business, ONE Bow River Advisers will provide investment advisory
services to its Client, which is a private pooled investment vehicle operating as a private equity fund which
is referred to as the “Private Fund.”

The Private Fund is offered privately to a limited number of sophisticated investors, including
institutional investors and individuals who qualify to invest in the Private Fund because they have
sufficiently high income or net worth, or other qualifications as determined by the SEC from time to time.
Investors in the Fund generally must be an “accredited investor” (as defined in Regulation D under the
Securities Act of 1933), a “qualified purchaser” (as defined in Section 2(a)(51) of the U.S. Investment
Company Act of 1940, as amended), and must meet other criteria as specified in a Private Fund’s
governing documents. The minimum capital commitment for the Private Fund generally ranges from
$1,000,000 (for individuals) to $2,000,000 (for institutions) depending on certain characteristics of the
Fund investor. The Firm maintains discretion, however, to accept less than the minimum investment
threshold.

SBA Approval of Limited Partners

As an SBIC licensed Fund under the SBA, the Private Fund is required to obtain SBA approval for all

Limited Partners before accepting their committed capital. This approval process ensures that all Limited
Partners meet the SBA’s regulatory standards and requirements.