Silver Lake Technology Management LLC

Item 5.    Fees and Compensation

The Adviser or its affiliates generally receive Advisory Fees, Carried Interest and Performance
Allocations (each as defined below) or similar performance-based remuneration from a Fund. A
Fund and/or its portfolio companies have in the past made, and is expected in the future to make,
other payments to the Adviser or its affiliates for services provided to the Fund and/or its portfolio
companies. While such payments are in addition to the Advisory Fees, the Adviser will (except as
described below) share these amounts with investors in the applicable Funds through a reduction
in the amount of Advisory Fees paid by the applicable Fund in connection with the receipt of such
amounts. This sharing arrangement benefits investors by reducing the amount of Advisory Fees
to be paid to the Adviser by a pre-established sharing percentage that was negotiated between the
Adviser and its investors. Additionally, consistent with the Governing Documents of a Fund, the
Fund typically bears certain out-of-pocket expenses incurred by the Adviser in connection with
the services provided to the Fund and/or the portfolio companies. Details about such fees and
expenses are contained in a Fund’s Governing Documents, and further details about certain
common fees and expenses are set forth below.

Advisory Fees

As compensation for investment supervisory services rendered to the Funds, the Adviser receives
from each such Fund (except for Side-By-Side Co-Investment Vehicles) an advisory fee (each, an
“Advisory Fee”) typically calculated based on committed capital, invested capital or NAV (as
defined in the respective Fund’s Governing Documents, as applicable), with respect to such Fund.
Advisory Fees paid by a Fund have in the past been, and are expected also in the future to be,
reduced by other fees or compensation received by the Adviser or its affiliates that relate to such
Fund’s activities and investments, or by certain excess organizational or other expenses borne by
such Fund, as described in more detail below. Advisory Fees paid by a Fund are indirectly borne
by investors in such Fund, but such Advisory Fees are added to the cost of investment prior to any
Performance Compensation (as defined below in Item 6) taken by the Adviser.

Advisory Fees charged to, and received from, the Funds are generally payable quarterly in advance
for active funds of Silver Lake Partners, Silver Lake Long Term Capital and certain Silver Lake
Waterman Funds, and in arrears for certain other Silver Lake Waterman Funds, Silver Lake Alpine
and Silver Lake Private Equity. Advisory Fees paid in advance are calculated as of the first day of
each calendar quarter and are typically not adjusted for any changes during the quarter. Upon
termination of an Advisory Agreement, Advisory Fees that have been prepaid are generally
returned on a prorated basis.

Where Funds have a stepdown mechanism after the investment period or upon certain other
triggers, in each case as governed by the Governing Documents, such that the Advisory Fee is paid
thereafter based on capital under management (as defined therein), the Advisory Fee customarily
decreases and is thereafter calculated based on invested rather than committed capital. In certain
Funds, the Advisory Fee is always calculated based on capital under management. In each case,
changes to the fair value of investments will generally not affect Advisory Fees paid during that
period (despite the fact that such Advisory Fees are based on invested capital) except with respect
to investments that meet the applicable impaired investment standard under the Governing
Documents. Similarly, if the fair value of an investment exceeds the aggregate capital
contributions for that investment, Advisory Fees are not computed on the appreciated value and
instead continue to be determined by the amount of such capital contributions. As a result, the
Advisory Fees generally will not track changes in the fair value of any individual investment or of
a Fund, including after the applicable investment period, and will not be decreased to reflect write-
downs (whether temporary or permanent), except with respect to impaired investments.

For the avoidance of doubt and consistent with the plain language of the documents, during the
stepdown period where fees are charged on invested capital, unless the Organizational Documents
expressly provide to the contrary, the Advisory Fee will not typically be reduced (in whole or in
part) in the case of any recapitalization, refinancing or other similar transaction, or in connection
with certain distributions such as dividends or as a result of any reorganization or restructuring of,
extraordinary dividend made with respect to, or similar transaction related to, an investment that
does not result in the disposition (as defined in the respective Governing Documents) of a Fund’s
interest therein (even in cases where the value of a Fund’s investment or a Fund’s ownership
percentage in such investment has been reduced as a result of such recapitalization, refinancing,
reorganization, restructuring, extraordinary dividend or similar transaction), and in such cases, the
investors will continue paying Advisory Fees based on the cost basis of investments regardless of

any such transaction. As our investors are aware, the precise amount of, and the manner and
calculation of, the Advisory Fees for each Fund are established by the Adviser through negotiations
with investors in the applicable Fund or financial intermediaries of the Fund, and are set forth in
such Fund’s Governing Documents (as may be modified by side letters and other similar
agreements). The Advisory Fees and other fees and distributions described above are generally
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, which will
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Item 7.    Types of Clients

The Adviser currently provides investment supervisory services to the Funds. Investment advice
is provided directly to the Funds and not individually to investors in such Fund.

Interests in the Funds are offered pursuant to applicable exemptions from registration under the
Securities Act and the 1940 Act. Investors in the Main Funds are generally “qualified purchasers”
as defined in the 1940 Act, and include, among others, high net worth individuals, banks, thrift
institutions, pension and profit sharing plans, government owned investment companies, trusts,
estates, charitable organizations, university endowments, corporations, limited partnerships and
limited liability companies, and/or other entities.

The Adviser does not have a minimum size for a Fund, but minimum investment commitments are
typically established for investors in the Funds. The general partner of each Fund may, in its sole
discretion, and typically does, permit investments below the minimum amounts set forth in the
offering documents of such Fund.