Snapdragon Capital Partners LLC

Item 5. – Fees and Compensation

Generally, Snapdragon’s funds are charged initial annual management fees of 1% or 2% of capital
commitments of the investors (which are expected to significantly exceed portfolio assets early on
in the life of the funds), calculated and payable in advance on a quarterly basis. In some cases,
after an initial period, the management fee is based on net invested capital or the net value of the
fund’s assets, and in some cases the percentage is reduced. Snapdragon’s management fees are
deducted directly from the funds and such deduction is reflected in the value of an investor’s
capital account.

A Snapdragon affiliated company also receives a “carried interest” in its capacity as general
partner, generally entitling it to up to 20% of realized profits after a preferred return to limited
partners. This carried interest is based on realized gains and received income only, and is payable
as portfolio holdings are liquidated or otherwise monetized, subject, in some cases, to a reserve
or claw-back arrangement to account for possible or actual losses incurred on holdings
subsequently sold.

As portfolio holdings are sold in a fund, the proceeds received (as well as interest and cash
dividends received) are generally distributed to investors. Investors in these funds normally may
not otherwise reduce or withdraw their investments until the fund’s maturity without the consent
of fund’s general partner. Such consent, if given, may require that the withdrawing partner be
penalized for such early withdrawal.

Fee Arrangements and Payments

Snapdragon is authorized to charge and deduct advisory fees directly from the assets of the
applicable funds at times and in amounts set forth in the governing fund documents. Snapdragon
does not negotiate different fee arrangements with investors in its pooled investment vehicles.
Snapdragon, in its sole discretion, may modify, waive, or defer (without interest) all or any portion
of fees for any investor for any period. Snapdragon will generally waive all fees with respect to
investments made by its affiliates and personnel in its pooled investment vehicles.

Snapdragon’s fees are charged separately net of any brokerage commissions, transaction fees,
fund fees, or other fund or separate account related costs and expenses, which are incurred by the
funds, including legal and accounting costs.

Additional Fees and Expenses

Snapdragon has a fiduciary duty to ensure that expenses allocated to funds are appropriate,
permissible under offering and governing documents, and consistent with disclosures made to
investors, including, without limitation, via fund governing documents and Part 2 of Form ADV.

Additionally, Snapdragon must ensure that it allocates such expenses equitably to all relevant
parties.

Generally, investors will be responsible for all costs and expenses relating to the organization of
a fund and of maintaining the operations of such investment vehicle and the investments paid by
or on behalf of such fund, including, without limitation, (i) administration fees and expenses; (ii)
audit fees; (iii) broken deal expenses; (iv) brokerage commissions, clearing and settlement
charges; (v) prime brokerage fees, custodial fees, other bank service fees; (vi) interest and other
expenses incurred in respect of borrowings, if any; (vii) due diligence related expenses,
including, without limitation, third party consultants and related travel; (viii) expenses associated
with information, communication and periodic reporting to investors; (ix) expenses incurred in
connection with legal and regulatory compliance with U.S. federal, state, local and non-U.S. or
other law or regulation; (x) financial statements, tax returns and Schedules K-1; (xi) insurance
premiums; (xii) legal fees, including costs of litigation involving the fund and the amount of any
judgments or settlements paid in connection herewith; and (xiii) marketing expenses incurred in
connection with fundraising activities. The organizational expenses are typically subject to a cap
as described in the applicable fund’s offering documents.

Transaction-Based Compensation

In connection with portfolio investments made by funds, Snapdragon or an affiliate may receive
arrangement, origination, commitment, agency, structuring, syndication, consent, amendment, or
other transaction fees. These types of arrangements present potential conflicts of interest and
may provide Snapdragon an incentive to recommend investments based on compensation received
or to be received rather than making an investment decision based solely on the best interests of a
fund. Such fees received or to be received by Snapdragon or an affiliate are generally offset in
whole or in part against management fees payable by the related fund, however in certain instances
Snapdragon or an affiliate may retain a portion of such fees without a corresponding management
fee offset. Please refer to the governing documents of the applicable fund for complete information
on additional compensation received by Snapdragon and affiliates in connection with services
related to portfolio investments and any offsets against management fees.

Item 7. – Types of Clients

Snapdragon provides investment supervisory services through privately offered pooled investment
vehicles. Snapdragon generally markets its funds to a limited number of institutional investors,
family offices and high net worth individuals capable of understanding the risks of their
investments. Interests in funds are offered only to those investors who qualify as “qualified clients”
under the Advisers Act and “qualified purchasers” under the 1940 Act.

Generally, Snapdragon’s pooled investment vehicles have a stated minimum investment
requirement. Snapdragon may accept initial investment in its pooled investment vehicles below
the stated minimums. These situations are evaluated on a case-by-case basis and include a
consideration of whether the investor has an existing investment in any other of Snapdragon’s
pooled investment vehicles or has an expectation of fulfilling the stated minimum requirement
over a relatively short period of time.