SPP Management Services LLC

Fees and Compensation – Item 5

Certain of the Funds managed by Summit Park pay a management fee (typically, a management
fee equal to 2% per annum of the aggregate commitments of the investors in the Fund and
referred to as the “Management Fee”). The Management Fee is generally paid in quarterly
installments, in advance through the end of the investment period or until an earlier event as
described in the Fund’s partnership agreement. Thereafter, the Management Fee generally will
be 2% per annum of the aggregate cost basis of all Portfolio Investments that are not realized.
Certain Funds managed by Summit Park may not be required to pay a management fee to
Summit Park. However, Summit Park may charge management fees for any funds it manages in
the future.

Management Fees paid in advance by Funds are paid by issuing capital calls to the Fund’s
investors. Should Summit Park serve as an investment adviser for less than the full period for

which the Management Fee applies, the Management Fee payable shall be prorated on the basis
of the number of days in such period compared to the number of days the assets were managed
by Summit Park (and the fee will be based on such period for which Summit Park managed the
assets). Additionally, in the event of a termination of a Fund’s investment advisory agreement,
fees will be prorated and any paid but unearned fees will be refunded to the Fund.

Summit Park may receive other compensation in connection with management and financial
advisory services provided to portfolio companies of the Funds. Under certain Fund structures,
the Fund’s governing documents establish a limit on the amount of additional compensation
Summit Park is eligible to receive in a given annual cycle. In the event such additional
compensation exceeds the annual limitation as set forth in the fund’s governing documents, the
excess is to be credited in whole or in part, depending on the circumstances, to the applicable
Fund in the form of an offset to future fees payable by the Fund to Summit Park. Additionally, in
certain Fund structures, all compensation received by Summit Park from its portfolio companies
will be credited to the Fund in the form of an offset to future fees payable by the Fund to Summit
Park.

Each Summit Park Fund bears all other expenses, fees, charges, and liabilities incurred in
connection with the conduct of its affairs and the management of its business and investments,
defined in the partnership agreements as “Partnership Expenses.” These expenses typically
include, but are not limited to, legal, accounting, tax, auditing, administrative, and insurance
related costs.

In addition to the management fee and carried interest (described below) payable to Summit
Park, the Funds may be required to pay all costs and expenses relating to the applicable Summit
Park Funds, investments and businesses that are not paid for or otherwise reimbursed by a
portfolio company (which reimbursements may be for travel and any other expenses incurred in
connection with such portfolio company), including: (i) costs and expenses attributable to
structuring, organizing, acquiring, managing, operating, holding, valuing, winding up,
liquidating, dissolving and disposing of the applicable Fund’s investments, including follow-on
investments and refinancings (including interest on money borrowed by or on behalf of the
applicable Fund); (ii) consulting (including consulting and retainer fees paid to consultants
performing investment initiatives and other similar consultants), financing, broker, finder’s,
financing commitment fees, real estate title, appraisal costs, printing, custodian, and other similar
fees and expenses; (iii) expenses incurred in connection with third party valuations; (iv) expenses
of the Fund’s advisory board and annual meetings of the applicable Fund’s investors; (v)
extraordinary expenses (such as litigation, indemnification, judgments and settlements, if any);
(vi) out-of-pocket expenses incurred in connection with transactions not consummated (including
travel expenses); and (vii) any taxes, fees or other governmental charges levied against the
applicable Fund.

Subject to the applicable Limited Partnership Agreement, the Funds generally do not bear
Summit Park’s expenses related to maintaining and operating its offices (such as compensation
of its employees, rent, utilities and general office expenses).

All fees payable to Summit Park described above are disclosed in the Fund’s partnership
agreement and/or offering documents. Clients and investors should review these
agreements/documents for full details on how fees are assessed, calculated and paid.

Performance-Based Fees and Side-By-Side Management – Item 6

In addition to the fees described above under Item 5, the partnership agreement for each of the
Funds provide for the payment of performance-based compensation to the Funds’ general
partners (also referred to in this Brochure as the “General Partners” or, individually, a “General
Partner”) in the form of “carried interest.” Carried interest is calculated as a percentage of the
Fund’s net profits and is payable to the General Partner after the Fund has returned to its
investors certain amounts of capital contributed and a specified preferred return on their
investment, all pursuant to the respective Fund’s partnership agreements.

Types of Clients – Item 7

Summit Park is a private equity firm that provides investment advisory services to private
investment funds. Currently, we provide investment advice exclusively to the Funds and not
individually to investors in the Funds or any other type of investors. The investors in each Fund
may include financial institutions, pension plans, endowments and foundations, and other
business entities.

The Funds generally require a minimum commitment from each investor ranging from $100,000
to $5,000,000; however, this minimum may be waived by Summit Park in its sole discretion.

Summit Park may, on occasion, offer co-investment opportunities to certain of its Funds’
investors and/or third parties. Co-investment opportunities are offered to potential investors in
the sole discretion of the General Partner of the applicable Fund, based on various factors,
including but not limited to, sector or strategic knowledge, certainty to close, indications of
interest and an investor’s capital commitments to the Fund. Investors that are provided co-
investment opportunities may also be provided the opportunity to join the board of directors or
similar governing body of the applicable portfolio company. Holding a position on a board of
directors or similar governing body of a portfolio company may provide such investors with
voting rights, access to information and potentially the ability to influence the operations and
decision-making of such portfolio company not necessarily available to other investors.
Additionally, such co-investment opportunities may be made available on different terms than
the terms offered to investors in the Funds (e.g., co-investors may not be charged a management
fee or a carried interest in connection with their co-investment). Summit Park may, but is under
no obligation to, provide co-investment opportunities to the Funds’ investors or other persons in
the future.

Methods of Analysis, Investment Strategies and Risk of Loss – Item 8