PSC Capital Partners LLC

Item 5 – Fees and Compensation

All investors and prospective investors of Fund I, Fund II, Fund III or Fund III Employee should review
the Governing Documents in conjunction with this Brochure for complete information on the fees and
compensation payable in connection with an investment in Fund I, Fund II, Fund III or Fund III Employee.
Investors and prospective investors in Fund I, Fund II, Fund III or Fund III Employee should note that
similar advisory services may (or may not) be available from other investment advisers for similar or lower
fees.

There are no management or performance fees charged to investors in Partners III and Partners IV. With
respect to Fund I, as described in Fund I’s Governing Documents, PSCCP or an affiliate thereof receives
an annual management fee generally equal to 2% per annum of each investor’s (i) capital commitment
during the investment period, and (ii) share of “Actively Invested Capital” following the end of the
investment period. A Fund I investor’s share of “Actively Invested Capital” generally is based on the
aggregate cost basis of all investments made by Fund I (excluding investments written off as worthless).

PSC Capital Partners LLC                                                                                     5
Form ADV Part 2A

In addition, after all investors have received aggregate distributions in an amount equal to their aggregate
capital contributions, plus an 8% preferred return, subject to certain adjustments, such investors will receive
80% of the net realized profits attributable to each Fund I portfolio investment and an affiliate of PSCCP
will receive 20% of the net realized profits so attributable.

With respect to Fund II, as described in Fund II’s Governing Documents, PSCCP or an affiliate thereof
receives an annual management fee equal to: (i) during the period from the Initial Closing to the earlier
of (a) the expiration of the Commitment Period or (b) the date when 85% of Capital Commitments have
been invested or expended, 2% of such Limited Partner’s Capital Commitment, and (ii) thereafter, 2%
of such Limited Partner’s Actively Invested Capital.

A Limited Partner’s “Actively Invested Capital” will be equal to the aggregate outstanding amount with
respect to such Limited Partner that is invested, valued at cost, in Portfolio Investments, Bridge
Financings and Temporary Investments, reduced by the amount of any write-offs.

Subject to tax distributions, distributions will initially be apportioned among the partners in proportion
to their respective capital contributions. The amount so apportioned to the General Partner will be
distributed to the General Partner, and the amount so apportioned to each Limited Partner will be
distributed to each such Limited Partner and the General Partner as follows:

First, 100 percent to such Limited Partner until it has received distributions equal to its capital
contribution;

Second, 100 percent to such Limited Partner in an amount equal to a return of 8 percent on its unreturned
capital contribution (the “Preferred Return”);

Third, 100 percent to the General Partner, until the General Partner has received in respect of such
Limited Partner an amount equal to 20 percent of the total amounts distributed pursuant to paragraph
Second and this paragraph Third, respectively; and

Fourth, 80 percent to the Limited Partners in proportion to their capital contributions and 20 percent to
the General Partner (distributions to the General Partner pursuant to paragraph Third and this paragraph
Fourth, the “Carried Interest Distributions”).

With respect to Fund III, as described in Fund III’s Governing Documents, PSCCP or an affiliate thereof
receives an annual management fee equal to: (i) during the period from the Initial Closing to the earlier
of (a) the expiration of the Commitment Period or (b) the date when 85% of Capital Commitments have
been invested or expended, 2% of such Limited Partner’s Capital Commitment, and (ii) thereafter, 2%
of such Limited Partner’s Actively Invested Capital.

A Limited Partner’s “Actively Invested Capital” will be equal to the aggregate outstanding amount with
respect to such Limited Partner that is invested, valued at cost, in Portfolio Investments, Bridge

PSC Capital Partners LLC                                                                                      6
Form ADV Part 2A

Financings and Temporary Investments, reduced by the amount of any write-offs.

Subject to tax distributions, distributions will initially be apportioned among the partners in proportion
to their respective capital contributions. The amount so apportioned to the General Partner will be
distributed to the General Partner, and the amount so apportioned to each Limited Partner will be
distributed to each such Limited Partner and the General Partner as follows:

First, 100 percent to such Limited Partner until it has received distributions equal to its capital
contribution;

Second, 100 percent to such Limited Partner in an amount equal to a return of 8 percent on its unreturned
capital contribution (the “Preferred Return”);

Third, 100 percent to the General Partner, until the General Partner has received in respect of such
Limited Partner an amount equal to 20 percent of the total amounts distributed pursuant to paragraph
Second and this paragraph Third, respectively; and

Fourth, 80 percent to the Limited Partners in proportion to their capital contributions and 20 percent to
the General Partner (distributions to the General Partner pursuant to paragraph Third and this paragraph
Fourth, the “Carried Interest Distributions”).

The terms of Fund III and Fund III Employee are generally the same except that the Limited Partners of
Fund III Employee are not subject to Carried Interest Distributions. In addition, such Limited Partners
do not bear Management Fees in respect of their investment for so long as they (or, in the case of entity
...

Item 7 – Types of Clients

PSCCP provides Merchant Banking Strategy-related investment advice solely to the Funds, which are
pooled investment vehicles generally offered to accredited investors and/or qualified purchasers pursuant
to Section 3(c)(1) or 3(c)(7) of the Company Act. As a result, the Funds are not required to register as
investment companies under the Company Act in reliance upon the exemptions available to the Funds
pursuant to Section 3(c)(1) or 3(c)(7) of the Company Act. Investors in the Funds include high net worth
individuals, corporations, funds of funds, financial institutions, endowments, foundations, trusts, estates
and public and private pension and profit sharing plans.

PSCCP and/or its affiliates may establish certain alternative investment vehicles, parallel funds and/or
special purpose vehicles (collectively, “AIVs”) for the purpose of addressing tax, regulatory and/or
structural issues and/or facilitating certain investments by one or more Funds and/or investors.
Prospective investors should refer to the Governing Documents of the applicable Fund for complete
details on any AIV that may be established by such Fund and such Fund’s ability to make investments
through AIVs.

In general, the minimum investment commitment required of an investor to participate in Fund I was
$3,000,000, and for non-employee investors in Fund II it was $1,000,000. The minimum investment
commitment for non-employee investors in Fund III is $1,000,000. The minimum investment
commitment for employee investors to participate in Partners III and Partners IV was $100,000. The
minimum investment commitment for employee investors to participate in Fund II and Fund III
Employee was $250,000. Notwithstanding the foregoing, PSCCP and/or the General Partner of each Fund
has discretion to increase or reduce the minimum investment commitment.

Investors are requested to refer to the Governing Documents of each Fund for complete information on
minimum investment requirements for participation in a particular Fund.

PSC Capital Partners LLC                                                                                  9
Form ADV Part 2A