Strattam Capital Management LLC

Item 5: Fees and Compensation

Item 5.A.

A management fee (the “Management Fee”) will be payable semi-annually by certain Funds to Strattam in
respect of each Limited Partner in an amount of up to 2.0% per annum of the Commitment of such Limited
Partner from the Initial Closing until the earlier of (a) the end of the Commitment Period and (b) the closing
of a Successor Fund as defined in the Limited Partnership Agreement. Thereafter, the Management Fee in
respect of each Limited Partner will be no more than 2.0% per annum of the Commitment of such Limited
Partner funded in respect of Portfolio Investments that have not been the subject of a disposition or
completely written off. The Management Fee will be payable not earlier than each January 15 and July 15
for the respective semi-annual periods beginning January 1 and July 1 of each year and may be paid from
capital called from the Partners or from amounts otherwise available for distribution. The Management Fee
will be subject to reduction as set forth in the offering documents.

The Management Fees are generally not negotiable; however, the Firm, in its sole discretion, may waive or
modify the Management Fees for certain clients.

Item 5.B.

The Independent Administrator will deduct management fees and incentive allocations in respect of each
Limited Partner and realized Investments.

Item 5.C.

Other Fees

Strattam and its affiliates do not expect to receive transaction, consulting, advisory and other similar fees
associated with Portfolio Investments or proposed Portfolio Investments or commitments made by the
Funds or fees in connection with transactions that are not completed (i.e., break-up fees); provided that to
the extent that any such fees are received, such fees will first be used to pay unreimbursed related expenses,
and, thereafter, 100% of each Limited Partner’s pro rata share of any such remaining fees received by
Strattam or any of its affiliates will be applied to reduce, on a dollar for dollar basis, future payments of the
Management Fee in respect of such Limited Partner (but not below zero). In addition, third party out-of-
pocket expenses incurred by Strattam or its affiliates in connection with proposed or actual Portfolio
Investments in, or the provision of services to, Portfolio Companies may be reimbursed by such Portfolio
Companies rather than being borne by Strattam or the Funds, as applicable.

In addition, Strattam, its affiliates, the General Partner, and the individual members of the General Partner
or Strattam do not expect to receive any directors’ fees from Portfolio Companies; provided that to the
extent that any directors’ fees are received, such fees will first be used to pay unreimbursed related
expenses, and 100% of each Limited Partner’s pro rata share of any remaining directors’ fees will be applied
to reduce, on a dollar for dollar basis, future payments of the Management Fee in respect of such Limited
Partner (but not below zero).

For the avoidance of doubt, all fee offsets referred to in this section will be allocated among the Fund, any
Parallel Investment Vehicle and any other co-investor participating in the transactions or proposed
transaction that gave rise to such fees on the basis of capital invested or proposed to be invested.

If a member of Strattam’s advisory group (the “Advisory Group”) serves on the board of directors (or
similar body) of a Portfolio Company and receives compensation from such Portfolio Company in
connection with such role, such compensation will not be considered fees received by Strattam or its
affiliates that are subject to offset in accordance with the foregoing; provided, however, that Strattam shall
report to the LP Advisory Committee on an annual basis any such compensation received by members of
the Advisory Group from a Portfolio Company.

Offering and Organizational Expenses

The Funds will bear all legal, organizational, and offering expenses, including the out-of-pocket expenses
of the General Partner and its agents (but excluding placement agent fees), actually incurred in the formation
of the Funds and the General Partner up to an amount not to exceed $1,500,000 (“Organizational
Expenses”), with the exception of Fund III, which has a $1,750,000 limit. Strattam will bear full economic
responsibility for Organizational Expenses in excess of $1,500,000 and all fees payable to any placement
agent for the Funds through an offset, on a dollar for dollar basis, against the Management Fee payable by
the Fund; provided that if, as of the end of the Commitment Period, the amount of any such fees payable to
any placement agent have not been fully offset against the Management Fee, then such outstanding amount
shall be refunded by Strattam to the Funds for the benefit of Limited Partners (which refund shall be treated
as a return to the Limited Partners of prior capital contributions in respect of previously paid Management
Fees).

Operating Expenses

To the extent not paid by a Portfolio Company, the Funds will pay all costs and expenses relating to its
operations, including, but not limited to: (a) legal, auditing, consulting and accounting fees and expenses
(including costs of reports to the Partners, financial statements, tax returns and K-1s and all costs associated
with the Fund’s administrator); (b) all reasonable expenses of the members of the LP Advisory Committee
in connection with their services, including, without limitation, travel expenses in connection with
attendance at LP Advisory Committee meetings; (c) all expenses of meetings of the Limited Partners; (d)
indemnification and insurance expenses and the costs and expenses of any litigation involving the Funds
and the amount of any judgments or settlements paid in connection therewith; (e) all expenses incurred in
connection with the acquisition, holding and disposition of its proposed or actual Portfolio Investments; (f)
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Item 7: Types of Clients

Strattam provides discretionary investment management services to high-net worth individuals and
institutional clients through privately offered pooled investment vehicles, as described in Item 4.B.