S2G Investments LLC

Item 5 – Fees and Compensation

S2G and its affiliated General Partners receive fees and compensation in exchange for advisory
services provided to the Funds, including management fees, carried interest, additional compensation
in connection with management services performed for the portfolio companies of the Funds and
reimbursements from portfolio companies for certain expenses advanced on their behalf. Differences
in fees and expenses exist from Fund to Fund, and certain Funds, including the Legacy Funds, do not
charge certain fees, compensation or expenses that other Funds charge or charge them in different
amounts. The following is a general description of fees, compensation and expenses of the Funds.
Limited partners should refer to the Governing Documents of the applicable Fund for a complete
understanding of how S2G is compensated for its advisory services; the information contained herein
is a summary only and is qualified in its entirety by such documents.

Management Fees

In general, S2G charges each Fund a management fee (the “Management Fee”), generally based on a
percentage of committed or invested capital, as further set forth in the Funds’ Governing Documents.
The amount of Management Fees generally will not correspond with fluctuations in a Fund’s net asset
value and will not be reduced in connection with any write downs, except in the case of investments
that are completely written-off for U.S. federal income tax purposes. Except where the Governing
Documents expressly provide to the contrary, Management Fees will generally not be reduced in the
case of partial distributions or partial sales of investments.

Management Fees generally are assessed quarterly in advance. All Management Fees are negotiated
with limited partners during the fundraising period of the applicable Fund and will not be subject to
negotiation thereafter. If the investment advisory agreement is terminated before the end of the
applicable period, Management Fees will be charged on a pro rata basis through the date of
termination, and any fees paid in advance but not earned will be refunded. Generally, a limited partner
is responsible for paying the Management Fee from the date set forth in the Governing Documents,
plus interest, as applicable, irrespective of the date on which the limited partner is admitted to the
Fund. In addition, Management Fees are payable during term extensions unless otherwise agreed to
with limited partners.

The General Partners are permitted, in their sole discretion, to reduce or waive all or a portion of the
Management Fee with respect to any limited partner, including “friends and family,” Operating
Partners, Senior Advisors (as defined below) and other service providers including suppliers, vendors,
consultants, lenders, law firms (including Fund or transaction counsel), transaction service providers
and their respective affiliates, personnel and related investment vehicles (together, “Service
Providers”). Management Fees can differ from one Fund to another as well as among limited partners
in the same Fund. Such differences arise from the size of a limited partner’s commitment to a Fund,
provisions of side letter agreements or other negotiated terms. Management Fees are generally waived
for S2G employees investing in a Fund (either as direct investors or through a General Partner),

affiliates, and their respective families investing in a Fund (although in each case, these investors
generally pay their pro rata share of certain Fund expenses).

Subject to the terms of the relevant Governing Documents, Management Fees will generally be
reduced by, as applicable: (i) the amount of fees paid by a Fund to entities or persons acting as a
placement agent in connection with the offer and sale of interests in such Fund; (ii) costs incurred by
S2G in connection with the organization of a Fund that exceed a limit as specified in such Fund’s
Governing Documents; and (iii) certain supplemental fees and compensation with respect to portfolio
companies, including closing fees, placement fees, commitment fees, breakup fees, litigation proceeds
from transactions not consummated, monitoring fees, financial consulting fees, directors’ fees and
other similar fees (whether in the form of cash, securities or otherwise), less unreimbursed costs and
expenses in connection with generating such fees (collectively, “Transaction Fees”). A Fund’s
Governing Documents generally provide that Transaction Fees received by S2G will be credited
against Management Fees otherwise owed to S2G in a specified percentage. The remaining amount,
to the extent any, of such Transaction Fees will be retained by S2G. To the extent that such an offset
credit would reduce the Management Fee for the relevant period below zero, the credit will be carried
forward for future application against payable Management Fees and if a credit remains upon
liquidation, S2G is expected to retain the amount of such offset credit with respect to limited partners
that have elected to waive such amount (e.g., where an adverse tax consequence potentially will result).

The receipt of Transaction Fees is offset against the Management Fee paid by a Fund as described
below and in each Fund’s Governing Documents, net of any expenses incurred in connection with
any consummated or unconsummated transaction in connection with generating such fees. As a
matter of practice, S2G is typically paid Transaction Fees from, on behalf of or with respect to co-
investors and other owners of an investment, as well as other fees relating to the structuring and
administration of co-investment arrangements. The receipt of such fees will not reduce the
Management Fee payable by any Fund(s) that have also invested in such investment, and, as a result,
a Fund will, in most cases, only benefit with respect to the relevant allocable portion on a “fully
diluted” basis of any such fee. “Fully diluted” basis calculations generally relate to a Fund’s ownership
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Item 7 – Types of Clients

S2G provides investment advice to its Funds, which are exempt from registration under the
Investment Company Act. The Funds limit their respective limited partners to: (i) “accredited
investors” as defined in the Securities Act of 1933, and (ii) “qualified purchasers” or “knowledgeable
employees,” each as defined in the Investment Company Act, or (iii) if applicable, “qualified clients,”
as defined in the Advisers Act. Limited partners in the Funds must also meet certain other suitability
qualifications prior to making an investment in a Fund. The Funds have a specified minimum
investment set forth in the Governing Documents. Such a minimum is subject to the discretion, on
the part of S2G, to permit investment of a smaller amount generally or with respect to any limited
partner.