Svoboda Capital Partners LLC

Item 5 – Fees and Compensation

SC receives a management fee and its affiliated General Partners are allocated carried interest as
compensation for providing investment advisory services to the Funds. The following is a general
description of fees, compensation and expenses of the Funds. Differences exist from Fund to Fund,
and certain Funds may not be charged certain fees, compensation or expenses that other Funds charge.
In addition, the General Partner of each relevant Fund may, in its sole discretion, waive or reduce an
investor’s management or carried interest allocation. SC entities or affiliates receive additional
compensation in connection with monitoring and other services performed for portfolio companies
of the Funds, as described more fully below. Such additional compensation generally will reduce in
part the management fees otherwise payable to SC. Investors in the Funds also bear certain expenses,
as described below. Investors should refer to the Governing Documents of the applicable Fund for
a complete understanding of how SC is compensated for its advisory services. The information
contained herein is a summary only and is qualified in its entirety by such documents. Each Fund’s
Governing Documents describe fees, compensation and expenses in greater detail.

Management Fees

SC charges each Fund a management fee (the “Management Fee”), generally 2% of total Fund
commitments per annum. The Management Fee charged to each Fund is specified in the Governing
Documents of each Fund. All Management Fees were negotiated with the Fund’s investors during
the fundraising period of the applicable Fund and are not subject to negotiation thereafter. Generally,
Management Fees are initially calculated based upon aggregate commitments from investors not
affiliated with the General Partners for the period of time during which each Fund is making
investments; thereafter, the Management Fee will be equal to a percentage of such investor’s
outstanding invested capital less the portion of each investment that has been disposed of or
permanently written down, subject to various other factors.

The General Partners may, in their sole discretion, waive all or a portion of the Management Fee.
Management Fees may differ among investors in the same Fund. Such differences can arise from the
size of an investor’s commitment to a Fund, different investor classes, provisions of side letter
agreements or other negotiated terms. Additionally, investors in the Co-Investment Funds do not pay
a Management Fee.

The Funds pay SC non-refundable Management Fees. Management fees are paid on a semi-annual
basis, in arrears. Other fees (described below) are paid either as a result of a capital call notice to
investors, as a portfolio company expense, as a Fund expense or deducted from distributions to
investors. The Funds are closed-ended investment vehicles intended for a long-term investment.
Accordingly, Management Fees are expected to be paid, except as otherwise described in the relevant
Governing Documents, and investors generally are not permitted to withdraw or redeem interests in
the Funds.

Management Fee Offset

As described in further detail in each Fund’s Governing Documents, the Management Fees for each
Fund will be reduced by 80% of all Transaction Fees attributable to investors not designated as
affiliated by the General Partners. “Transaction Fees” include an amount equal to all directors’ fees,
financial consulting fees, advisory fees, transaction fees, break-up fees closing fees, investment banking
fees, placement fees, directors’ fees, monitoring fees, consulting fees and other similar fees (whether
in the form of cash, securities or otherwise) received by any General Partner or SC from any portfolio
company in respect of a Fund’s investment in such portfolio company and in the case of Fund’s III,
IV and IV (SBIC), all commitment fees, breakup fees and litigation proceeds received by any General
Partner or SC from transactions not consummated by a Fund in connection with such Fund’s
proposed investment in such transactions, subject to various exclusions and other factors as further
detailed in each Fund’s Governing Documents.

From time to time, SC pays a Transaction Fee, portion of Carried Interest or another fee received
from an actual or prospective portfolio company to a third party, such as a co-investor, consultant,
adviser, finder, broker and/or investment bank. In such event, the third party fee is not a fee that SC

is entitled to retain and, therefore, SC is not required under the terms of the applicable organizational
documents to share such third party fees with a Fund.

Carried Interest

As described in Item 6 below, each Fund General Partner is entitled to be allocated carried interest
(“Carried Interest”) with respect to the Funds, which generally equals a specified percentage of realized
Fund profits net of all expenses and is subject to preferred return and catch-up provisions. Each
Fund’s Carried Interest arrangement may differ, and each calculation is further described in the
relevant Fund’s Governing Documents.

Fund Expenses

The Funds will pay all fees, costs, expenses, liabilities and obligations relating to its and/or its
subsidiaries’ activities, investments and business (to the extent not borne or reimbursed by a portfolio
company) (and which differ across Funds, as per each Fund’s Governing Documents), including, but
not limited to: (i) all fees, costs, expenses, liabilities and obligations attributable to structuring,
organizing, acquiring, financing, refinancing, managing, operating, holding, taking public or private,
valuing, winding up, liquidating, dissolving and disposing of a Fund’s investments (including interest
and fees on money borrowed by or on behalf of a Fund, its General Partner, SC or any affiliate partner
on behalf of a Fund, registration expenses, compensation for services provided by the Operations
...

Item 7 – Types of Clients

SC provides investment advice to the Funds and co-investment vehicles. The Funds limit its investors
to persons who are both “accredited investors” as defined in the Securities Act of 1933, as amended
(the “Securities Act”) and since registration with the SEC, to “qualified clients”, “qualified
purchasers” or “knowledgeable employees,” each as defined in the Investment Company Act of 1940,
as amended (the “Investment Company Act”). Investors in the Funds must meet certain suitability
and net worth qualifications prior to making an investment in the Funds. The Funds are not registered
or required to be registered under the Investment Company Act; its securities are not registered or
required to be registered under the Securities Act of 1933 and are privately placed to qualified investors
in the United States and elsewhere. The Funds typically require capital commitments from each
investor of at least $1 million in the case of an individual investor and $5 million for an institutional
investor, depending on the Fund, although commitments of less than these amounts have been
accepted in the discretion of the applicable Fund’s General Partner.

The investors participating in the Funds include individuals, other investment entities, family offices,
trusts, or other corporations or business entities and may include, directly or indirectly, principals or
other employees of SC and its affiliates and members of their families, advisory board members or
other service providers retained by SC.

SC also serves as the investment manager for Co-Investment Funds that invest alongside a Fund in
certain portfolio companies. Opportunities to invest in a portfolio company are made available to
select persons or entities, including, without limitation, strategic investors, advisory board members,
lenders, deal sources, other private equity or venture capital firms, Fund investors, other persons or
entities affiliated, associated or otherwise known to SC or its personnel and unrelated third parties.
These co-investment opportunities arise when SC has the opportunity for an investment in an existing
or prospective portfolio company and determines that all or a portion of the applicable opportunity
is not required to be offered to, or is not appropriate for, a Fund. Such determinations are based on
the provisions of the applicable Governing Documents, side letter agreements and such other factors
as SC will consider in its sole discretion, including those specified from time to time in its policies on
investment allocation and co-investments. Subject to any restrictions contained in the Governing
Documents of the relevant Fund or any side letter or other terms negotiated with respect to such
Fund, including without limitation, the strategic relationships and negotiated deals discussed below,

in general no investor has a right to participate in any co-investment opportunity. Nevertheless, SC
will perform management, advisory and other services for the portfolio companies in which these Co-
Investment Funds invest alongside the Funds, generally at no cost to such Co-Investment Funds
except expenses. Some co-investors may also be provided the opportunity to sit, or have a
representative sit, on the board of directors or board of advisers of an SC portfolio company.
Positions on boards of directors or advisers of such portfolio companies may provide such persons
with voting rights, access to information and potentially the ability to influence the operations and
decision-making of the portfolio company that are not necessarily available to other investors. As
mentioned in Item 5 above, any board fees received by such co-investors, if any, are paid by the
relevant portfolio company and are not subject to the offset against Management Fees.

Moreover, SC has entered into a strategic relationship with one investor regarding an exclusive co-
investment right with respect to an investment opportunity in the food distribution sector. To the
extent that there remains an additional co-investment opportunity after such investor has had the
opportunity to exercise its co-investment right SC expects to offer such additional co-investment
opportunity exclusively to another significant investor or investors.