Saturn Five Advisors LLC

Item 5        Fees and Compensation

The fees and expenses associated with an investment in the Funds vary depending on the fund and are
described in detail in each Fund’s Operating Agreement. Fees are subject to modification, waiver, or
reduction by the Adviser in its sole discretion, both voluntarily and on a negotiated basis with selected
investors via side letter and other arrangements. The fee structures described herein may be modified
from time to time. Fee structures may differ from one Fund to another.

Certain Funds have paid Saturn Five Advisors, or an affiliate of Saturn Five Advisors, a one-time fee equal
to a percentage of investor commitments (a “Syndication Fee”) upon the final closing of a Fund. This
Syndication Fee is a transaction-based fee paid to Saturn Five Advisors in connection with the
structuring and placement of membership interests in the respective Fund. The fee is intended to
compensate for services provided in organizing the Fund, preparing offering materials, conducting
investor outreach and due diligence, coordinating subscriptions, and forming the investor group. The
Syndication Fee also acts as a pre-payment on current and future expenses for the Fund. The
Syndication Fee is more fully detailed in the Fund’s Operating Agreement.

Some Funds, as more fully detailed in the Funds’ Operating Agreements, pay Saturn Five Advisors a fee
of up to, but not exceeding, 4% of committed capital on an annual basis (the “Management Fee”).
Management Fees are paid quarterly based on committed capital at the end of each calendar quarter.
Other Funds pay Saturn Five Advisors a fixed monthly Management Fee. The precise details of the
Management Fee paid by each Fund is more fully detailed in the Fund’s Operating Agreement.

Saturn Five Advisors may reduce or waive the Management Fee paid by a particular Fund at its sole
discretion.

Saturn Five Advisors also receives reimbursements for expenses related to managing the Funds. The
amount and timing of such fees vary.

Other Funds may pay no Management Fees at all, but may pay a percentage of Carried Interest to
Saturn Five Control, an affiliate of Saturn Five Advisors, or an entity established for the purpose of
facilitating personnel of Saturn Five Advisors to receive Carried Interest from a Fund or Funds.

Certain personnel affiliated with the Adviser receive a portion of the carried interest in Funds via their
interests in Saturn Five Holdings, LLC and Saturn Five NF Holdings LLC, affiliates of the Adviser. See Item
6 for more details regarding these and other carried interests received by affiliates of Adviser.

In certain circumstances, and as more fully detailed in a Fund’s Operating Agreement, Saturn Five
Advisors or one of its affiliates receives compensation from the Portfolio Companies. Fees paid directly
by a Portfolio Company to an affiliate of Saturn Five Advisors (typically Saturn Five Control as Manager)
vary by Portfolio Company but generally are structured in one of the following ways: (1) as a percentage
of equity check from Saturn Five Advisors or total enterprise value (TEV), (2) a flat fee determined at the
time of investment, or (3) a discretionary fee determined by the Manager of the Portfolio Company.

When a Portfolio Company pays fees or other compensation to an affiliate of the Adviser (including, for
example, monitoring, consulting, transaction, administrative, or similar fees), the payment of such fees
reduces the assets and cash flow of the Portfolio Company and, as a result, may negatively impact the
value of the Portfolio Company and the Fund’s investment therein.

These arrangements present a conflict of interest because the Adviser or its affiliates have an incentive
to cause a Portfolio Company to enter into such arrangements or to increase the amount of
compensation payable, which may increase compensation to the Adviser or its affiliates while reducing
the value of the Fund’s investment. The Adviser seeks to mitigate these conflicts through disclosure,
internal review and approval processes, and, where applicable, offsets or other mechanisms designed to
address the economic impact of such fees.

Fees paid by the Funds are indirectly borne by the investors in each Fund, including any Funds that
invest in other Funds. These fees are in addition to all other costs and expenses borne by the Funds and
their investors as outlined in detail in each Fund’s Operating Agreement.

While the Adviser believes that its Management Fees are competitive with those charged by other
investment advisors for comparable services, similar advisory services may (or may not) be available
from other registered (or unregistered) investment advisers for similar or lower fees.

Item 7        Types of Clients

Saturn Five Advisors provides investment advisory services to the Funds, each of which is exempt from
registration under the 1940 Act in reliance on exclusions in Section 3(c)(1) or 3(c)(7) of the 1940 Act.
Furthermore, interests in the Funds are not registered under the Securities Act, in reliance on Section
4(2) and Regulation D.

The investors participating in the Funds include high-net worth individuals, other investment entities,
family offices, trusts, estates or charitable organizations or other corporations or business entities, as
well as, directly or indirectly, principals or other employees of Saturn Five Advisors and its affiliates and
members of their families, or other service providers retained by Saturn Five Advisors or the Funds.

Minimum investment commitments are typically established for investors in the Funds and can be found
in each respective Fund’s Operating Agreement. The Funds generally have discretion to accept
investments below the minimum amounts.