Silver Oak Services Partners LLC

ITEM 5. FEES AND COMPENSATION

        In general, each General Partner receives a management fee and a carried interest in
connection with the provision of advisory services to its clients. The General Partners or other
Silver Oak entities or affiliates receive additional compensation in connection with management
and other services performed for portfolio companies (e.g., monitoring and other fees) of the Funds
and such additional compensation will offset, in whole or in part, the Management Fees (as defined
below) otherwise payable to the General Partners to the extent provided by the relevant Governing
Documents. Investors in the Funds also bear certain fund expenses, as described below. The
following is a general description of fees, compensation and expenses of the Funds. Differences
exist among Funds, and certain Funds may not pay certain fees or expenses, or compensation to
their respective General Partner(s), that other Funds charge. Prospective and existing Fund
investors should review a Fund’s Governing Documents for details regarding its fees,
compensation and expenses.

Management Fees

        Each Fund pays the applicable General Partner a management fee (the “Management
Fee”) equal to 0.75-2% on an annual basis of aggregate investor capital commitments
(“Commitments”). Except with regards to CCS SPV, Velocity SPV and Crown SPV,
commencing with the first Management Fee due date and until a date specified in the Governing
Documents (the “Stepdown Date”), the Management Fee will equal 0.75-2% of (i) the aggregate
investment contributions and unrecouped bridge financing contributions (if applicable), less (ii)
(A) in the case of Fund II, the aggregate amount of investment contributions with respect to the
portion of each investment that has been disposed of or completely written off for U.S. federal
income tax purposes or have been written-down to an amount equal to 50% or less of the initial
cost basis of such investment, or (B) in the case of Fund III and Fund IV, the aggregate amount of
investment contributions with respect to the portion of each investment that has been disposed of
or completely written off for U.S. federal income tax purposes but only if and to the extent such
investment has been written down on a cumulative basis (after giving effect to any write ups) to
an amount that is less than 50% of the initial cost basis of such investment, in each case (x) as
determined on the first day of the period with respect to which a determination is being made, and
(y) only with respect to Partners not designated as “affiliated partners”; provided that investments
(other than bridge financings) in a portfolio company will be treated as having been disposed of
or completely written off or written down (each, an “Impaired Value Investment”) only to the
extent that, as of the date of any such disposition or write-off or write down, the aggregate fair
market value of all remaining Fund investments (excluding bridge financings) in such portfolio
company is less than the Fund’s aggregate investment contributions made with respect to such
portfolio company. Unlike the other Funds, CCS SPV, Velocity SPV and Crown SPV do not have
an investment period and, as such, CCS SPV, Velocity SPV and Crown SPV each pay

Management Fees solely on a post-Stepdown Date formulation (i.e., based on invested capital with
respect to investments that have not been disposed of, written off and/or permanently written
down).

        The Management Fee for each semi-annual period is paid partially in arrears and partially
in advance. Investors participating in a closing after a Fund’s initial closing date bear the
Management Fee from the date of the initial closing of such Fund, generally in addition to an
interest component payable to Silver Oak or an affiliate. The Management Fee will be payable
until proceeds from all portfolio investments are distributed or until the General Partner’s
relationship with the applicable Fund is terminated for other reasons (as described in the Governing
Documents). Installments of the Management Fee payable for any period other than a full six-
month period are adjusted on a pro rata basis according to the actual number of days in such
period. As a general matter, Management Fees will be payable during term extensions unless
otherwise agreed with investors.

        Under the Governing Documents, where the fair market value of an investment exceeds
the total amount of investment contributions relating to such investment, post-Stepdown Date
Management Fees will not be calculated based upon such appreciated value and will instead
continue to be calculated based on the amount of such investment contributions. Conversely, the
Governing Documents do not require Management Fees to be reduced or refunded following the
occurrence of a write-down, decrease (including a significant decrease) in fair value or other event
not constituting a complete realization, such as a partial sale or disposition, reorganization,
recapitalization (including recapitalizations involving dividends), or a roll-over investment in
connection with a sale or dividend distribution, except in the case of investments meeting the
relevant Impaired Value Investment standard under the Governing Documents. For the avoidance
of doubt, following the Stepdown Date, if the fair market value of an Impaired Value Investment
is less than the total amount of investment contributions relating to such Impaired Value
Investment, then the amount of Management Fees otherwise payable relating to such investment
will not be reduced based on reductions in investment value, except where specified by the relevant
Governing Documents. As a general matter, Management Fees will be payable during term
extensions unless otherwise agreed with investors.

        For the avoidance of doubt, the amount of Management Fees generally will not correspond
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ITEM 7. TYPES OF CLIENTS

        Silver Oak provides investment advice solely to its Fund clients, and references throughout
this Brochure to “clients” and to Silver Oak’s related duties to and practices on behalf of its clients
and/or investors should be construed accordingly. The Funds generally include investment
partnerships or other investment entities formed under U.S. or non-U.S. laws and operated as
exempt investment pools under the Investment Company Act of 1940, as amended (the
“Investment Company Act”). The investors participating in the Funds generally include
individuals, banks or thrift institutions, other investment entities, university endowments,
sovereign wealth funds, family offices, pension and profit-sharing plans, trusts, estates or
charitable organizations or other corporations or business entities and often include, directly or
indirectly, principals or other personnel of Silver Oak and its affiliates and members of their
families, Services Executive Partners, or other service providers retained by Silver Oak or a Fund,
as well as executives of portfolio companies.

        The relevant General Partner also generally is permitted to establish Funds that are
alternative investment vehicles in order to permit certain investors to participate in one or more
particular investment opportunities in a manner desirable for tax, regulatory or other reasons.
Alternative investment vehicle sponsors generally have limited discretion to invest the assets of
these vehicles independent of limitations or other procedures set forth in the organizational
documents of such vehicles and the Governing Documents of the related Fund.

        Each Fund has a minimum investment amount of $5 million for third-party investors.
Generally, investors must be “accredited investors,” as defined under Regulation D under the
Securities Act of 1933, as amended (the “Securities Act”), and may also be required to be either
“qualified purchasers” or “knowledgeable employees,” as defined under the Investment Company
Act. Silver Oak generally is permitted to waive such minimum investment amounts.