SAAS Capital LLC

Item 5 – Fees and Compensation

Investment Management Fees

SaaS Capital receives a management fee in connection with advisory services. Each Fund shall pay a
management fee to the Management Company (the “Management Fee”) as set forth in the respective
limited partnership agreement. Typically, the Management Fee is equal to the sum of (i) one percent
(1.00%) per annum of the aggregate Capital Commitments, plus (ii) one percent (1.00%) per annum of
the average aggregate amount of the outstanding Investments of the Funds (outstanding Investments
do not include amounts committed to a Portfolio Entity that have not yet been funded). Until when,
the Fund shall pay a Management Fee to the Management Company equal to two percent (2.00%) per
annum of the average aggregate amount of the outstanding Investments of the Funds. The
Management Fee shall be calculated and paid quarterly in advance, prorated among all Partners in
accordance with each Partner’s percentage interest in the respective Fund. Each quarterly
Management Fee shall be adjusted to reflect any changes in the Capital Commitments or outstanding

Investments during the previous quarter. The General Partner may waive or reduce the Management
Fee in its sole discretion for any Partner, including the General Partner.

Carried Interest

The General Partner of each Fund shall receive a carried interest with respect to the relevant Fund equal
to 20% of Distributions after full return of invested capital plus any accrued and unpaid preferred return,
subject to catchup.

Item 7 – Types of Clients
SaaS Capital provides investment management services only to the Funds as described in this Brochure.

The investors participating in the Funds may include individuals, banks, or other thrift institutions, other
investment entities, pension and profit-sharing plans, trusts, estates, or charitable organizations of
corporations or business entities and my include, directly or indirectly, principals or other employees of
SaaS and its affiliates. Additionally, investors in a Fund are required to meet certain net worth or other
qualifications to qualify as “accredited investor” as defined in Rule 501(a) of Regulation D promulgated
under the Securities Act of 1933 and other requirements set forth in the applicable PPM.

 Important Notice

 This Brochure may be provided to prospective investors in a Fund, together with the Fund’s
 confidential Private Placement Memorandum (“PPM”) and other related documents in connection
 with an investor’s consideration of an investment in a Fund. While this Brochure may include
 information about SaaS Capital or a Fund, it is not a complete representation of all the features, risks
 or conflicts associated with the Fund. Additional documentation for example, the PPM and other
 related documents, should be reviewed carefully prior to investing in a Fund.