Siris Capital Group LLC

Item 5 – Fees and Compensation
Fund Investments

During each Fund’s investment period, investors in such Fund generally bear a management
fee (the “Management Fee”) paid quarterly in advance on committed capital, generally at a
rate of 1.75% to 2.0% per annum, as set forth in the respective Fund’s Governing Documents,
depending on the investors’ agreements with such Fund and the time such Management Fee
is accrued. As a general matter, Management Fees will be payable during term extensions
unless otherwise agreed with investors.

Under each Fund’s Governing Documents, generally, the Management Fees are offset by
100% of such Fund’s share (excluding any portion thereof attributable to Excepted Investors
(as defined below)) of any other fees, such as portfolio company fees and directors,
consulting, monitoring, topping, break-up and other similar fees, paid to Siris or its affiliates
(excluding, for the sake of clarity, any fees or other amounts, including compensation from
portfolio companies, received by the Operating Professionals) by, or attributable to, such
Fund (“Other Fees”). As described in each Fund’s Governing Documents, generally, the
aggregate Management Fee paid by a Fund or its limited partners is reduced by an amount
(the “Reduction Amount”) equal to the applicable percentage of such Fund’s share (excluding
any portion thereof attributable to Excepted Investors (as defined below)) of all Other Fees.
To the extent that the application of the Reduction Amount would reduce the Management
Fee for the relevant period below zero, such Reduction Amounts will be carried forward and
reduce future installments of the Management Fee or be distributed at the end of the relevant
Fund’s life. Similarly, in certain circumstances, Siris expects that co-investors or other parties
will negotiate the right to share a portion of such fees from a particular investment and, in
such event, the above-described offset percentage would be applied after excluding any
amounts paid to such persons.

Siris is permitted to exempt certain investors in the Funds from payment of all or a portion
of Management Fees and/or carried interest. Exempt investors (“Excepted Investors”)
typically include, but are not limited to, Siris’ affiliates, the Principals, current or former
personnel of Siris, current or former Operating Professionals and current or former
members of management of any current or former portfolio company of any Fund, as well as
family members of the foregoing individuals, employee benefit plans, family investment,
estate planning or charitable vehicles formed for the benefit of any of the foregoing
individuals, entities owned by any one or more of the foregoing, Service Providers (as
defined below), or other investors as determined by the General Partner based on
commitment size or other strategic or relationship factors. Siris reserves the right to make
any such exemption from Management Fees and/or carried interest by a direct exemption,
rebate of Management Fees or otherwise. Additionally, to the extent not prohibited by the
relevant Governing Documents, Siris has the right to permit investors, affiliated with Siris or
otherwise, including strategic investors, to invest through the relevant General Partner or
other vehicles that do not bear Management Fees and/or carried interest.

As is generally the case in private equity funds, the Funds’ Governing Documents provide
that a Fund’s Management Fees will be calculated and charged on a basis that generally is
not tied to a Fund’s then-current net asset value. As further specified in a Fund’s Governing
Documents, from the effective date of the relevant Fund until a date specified in a Fund’s
Governing Documents (the “Stepdown Date”), Management Fees generally will be charged
based on a formula tied to the amount of the relevant Fund’s aggregate commitments.
Further, after the Stepdown Date, Management Fees generally will be charged and calculated
based on a formula tied to the amount of unrecouped bridge financing contributions and
investment contributions (including, where applicable, a Fund borrowing component
(including interest expenses) and the amount of any Capitalized Fees (as described below))
made by the relevant Fund relating to investments that have not been realized, net of any
aggregate net losses from write-downs with respect to such investments (which is calculated

as the aggregate excess, if any, of the aggregate investment contributions over the aggregate
fair market value, in each case with respect to such investments) (“Impaired Value
Investments”).

Under a Funds’ 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 applicable investment
contributions, except in the case where the aggregate net losses from write-downs with
respect to unrealized investments are applicable, as described above. On the other hand,
where (x) there has been a partial distribution, partial write-down or partial sale of an
investment or certain other events (such as a reorganization, recapitalization (including
recapitalizations involving dividends), roll-over investment in connection with a sale or
divided distribution) involving an investment and (y) the fair market value of such
investment following such event is lower than the total amount of investment contributions
relating to such investment, then as long as the General Partner has determined there has
not been a realization, Management Fees after the Stepdown Date are not reduced, except in
the case where the aggregate net losses from write-downs with respect to unrealized
investments are applicable, as described above.

As a result, and as is generally the case for private equity funds, the amount of Management
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Item 7 – Types of Clients
Siris provides investment advice solely to its Fund clients. Interests in a Fund’s clients are
offered to qualified investors on a private placement basis, and references throughout this
Brochure to “clients” and to Siris’ related duties to and practices on behalf of its clients
and/or investors should be construed accordingly. The Funds include investment

partnerships or other investment entities formed under U.S. or non-U.S. laws and operated
as exempt investment pools under the U.S. Investment Company Act of 1940, as amended,
and the rules and regulations promulgated thereunder (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, personnel of
Siris and its affiliates and members of their families, executives of portfolio companies, as
well as Operating Professionals or other Service Providers retained by Siris or a Fund.

The relevant General Partner also periodically establishes 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. The Governing Documents of alternative investment vehicles generally provide
only limited discretion for Siris to invest the assets of such vehicles except in accordance
with the specific purposes and procedures set forth in such vehicle’s Governing Documents.

The offering documents of each Fund set minimum amounts for investment by prospective
investors in such Fund. Siris has the right to, and on occasion has waived, such minimum
investment amount.