RLJ Equity Partners LLC

Item 5 Fees and Compensation
As compensation for investment advisory services rendered to the Fund, RLJ Equity receives from the
Fund an annual management fee, the amount of which is set at the initial formation of the Fund and is
generally not altered thereafter. As described below, the management fee payable by the Fund may be
reduced or waived in some circumstances in connection with the receipt by RLJ Equity or its related
persons of all or a portion of various fees paid by portfolio companies. The management fee is payable
semi-annually.

The management fees equal a percentage of the total capital committed to the Fund by investors. The
calculation of the management fee changes to a percentage of invested capital after the end of the
investment period, or when a new fund is raised.

Management fees are billed to the Fund or the General Partner and paid by the Fund or the General
Partner from the Fund’s assets. To obtain cash for the payment of management fees, the General
Partner of the Fund may draw down investors’ capital commitments.

Portfolio company related expense reimbursements may be payable to RLJ Equity. Fund expense
reimbursements are disclosed to investors in the Documents and are in addition to the management
fees discussed above. The Fund also generally bears certain expenses relating to its activities and
operations (other than expenses resulting from the fraud, gross negligence or willful misconduct of the
General Partner).

The Fund generally invests on a long-term basis. Accordingly, investment advisory and other fees are
expected to be paid, except as otherwise described in the Fund’s Documents, over the term of the Fund,
and investors generally are not permitted to withdraw or redeem interests in the Fund.

To the extent provided in the Documents of the Fund, RLJ Equity will pay out of its management fees
certain operating expenses, including expenses on account of rent, utilities, office supplies, office
equipment, compensation of its employees (other than carried interest described in Item 6 below) and
other routine administrative expenses relating to the services and facilities provided by RLJ Equity to the
Fund. The Fund will bear all other expenses relating to it to the extent not borne by its portfolio
companies, including legal, accounting, investment banking, consulting, research, brokerage, finders’,
custody, transfer, registration, travel, entertainment, deal sourcing expenses, advisory board, interest,
taxes and extraordinary expenses, and other similar fees and expenses. Some of these expenses borne
by the Fund may relate to costs associated with unexecuted transactions.

Item 7 Types of Clients
RLJ Equity currently provides investment advisory services to pooled investment funds. Investment
advice is provided directly to the Fund, subject to the direction and control of the General Partner of the
Fund, and not individually to the investors in the Fund. Interests in the Fund are offered pursuant to
applicable exemptions from registration under the Securities Act and the 1940 Act. Investors in the Fund
include banks, pension and profit-sharing plans, trusts, limited partnerships, fund-of-funds and limited
liability companies.

We require that each investor in the Fund be an “accredited investor” as defined in Regulation D under
the Securities Act of 1933 or a “qualified purchaser”, within the meaning of 2(a) (51) of the Investment
Company Act of 1940, as amended. We also require that each investor in the Fund that is a U.S. resident
be a “qualified client” within the meaning of Rule 205-3 of the Investment Advisers Act of 1940, as
amended.

Generally, investors must invest a minimum dollar amount of $5,000,000 in the Fund. The General
Partner of the Fund may waive the minimum investment amount in its sole discretion.