Speyside Equity Advisers LLC

Item 5: Fees and Compensation

We generally will be compensated for our advisory services to the Funds based on a percentage of
assets under management and performance-based amounts.

Management Fee

The Funds generally pays us an annual advisory fee (“Management Fee”) equal to a percentage
of the capital commitments, and which may decrease based on capital invested. The Management
Fee is payable quarterly in advance. The Firm or the General Partners may reduce, waive or
calculate differently the Management Fee for certain Investors, including members, employees
and affiliates of the General Partner, the Firm and their respective affiliates.

Carried Interest

The General Partners will be apportioned carried interest distributions from the Funds (“Carried
Interest”) based on the net cash proceeds attributable to the Funds’ investments. The Firm or the
General Partners may reduce, waive or calculate differently the Carried Interest for certain
Investors, including members, employees and affiliates of the General Partner, the Firm and their
respective affiliates.

The Carried Interest is typically a percentage of the total distributions. Investors and prospective
investors should refer to the Fund Documents for additional or supplementary information
regarding the Funds as well as the fees paid by the Funds.

Speyside Equity Advisers LLC                                                         Form ADV Part 2A

Expenses

Organizational Expenses

The Funds will bear all legal and other expenses incurred in the formation of the Funds and the
offering of the interests in the Funds.

Other Expenses

The Funds will pay all costs, expenses and liabilities in connection with their operations, including:
fees, costs and expenses related to the purchase, holding and sale of portfolio investments (to the
extent not reimbursed); expenses incurred in connection with transactions not consummated;
insurance premiums; taxes; fees and expenses of accountants, auditors, counsel and consultants;
custodial fees, finders fees, and brokerage commissions; bookkeeping, recordkeeping, appraisal
and valuation expenses; costs and expenses of the advisory committee and the annual meeting;
litigation and indemnification expenses; and other extraordinary expenses.

The Continuation Fund’s portfolio companies will pay the General Partner an annual monitoring
fee equal to $2 million for so long as the General Partner remains the general partner of the
Continuation Fund. The monitoring fee will be reduced to $1.5 million annually once the General
Partner or any affiliate of the General Partner holds the final closing of any newly formed private
equity investment fund with investment objectives and criteria that are substantially the same as
the Continuation Fund.

Other than with respect to the monitoring fee described in the paragraph above, the Management
Fee with respect to each calendar quarter of the Funds will be reduced by 100% of any transaction
fees, financial consulting fees, commitment fees, advisory fees, success fees, directors’ fees or
break-up fees paid by existing or proposed portfolio companies of the applicable Fund to its
respective General Partner, Speyside or the Managing Directors.

Item 7: Types of Clients

We deem the Funds to be our Clients, along with any other privately pooled investment vehicles
or special purpose vehicles we may advise. We require prospective investors to make
representations concerning their financial sophistication and ability to bear the risk of loss of their
entire investment. Our Investors must be “accredited investors” under Regulation D of the
Securities Act of 1933, as amended (the “Securities Act”), be able to enter into a performance fee
arrangement under the Advisers Act (i.e., “qualified clients” under Rule 205- 3 of the Advisers
Act) and be “qualified purchasers” under Section 2(a)(51)(A) of the Investment Company Act of
1940, as amended.

Speyside Equity Advisers LLC                                                       Form ADV Part 2A