Volt Investment Holdings LLC

Item 5: Fees and Compensation

Fees

In exchange for the services provided, Volt is paid an annual investment management fee (the
“Management Fee”) which varies from 0-2% of invested capital or committed capital. Management fees
are not charged on a mark-to-market basis.

Generally, the Management Fee for the initial period is charged at initial closing and quarterly or
semiannually thereafter, in accordance with the applicable Fund’s offering documents. Volt does not
collect the Management Fee more than six months in advance. For the SPV Funds, the Management Fee
is paid directly by investors in the Funds to the Adviser. The Opportunities Funds pay the Management
Fee directly to the Adviser.

Subject to the terms and conditions of the operating agreement of the Client, Volt’s affiliates generally
may be entitled to receive performance-based fees or allocations of gains (the “Carried Interest”) once
distributions to members exceed the return of contributed capital and a preferred return, as defined in
the underlying operating agreement. Please see the operating agreement of the Client for detailed
information regarding the performance distributions that may be made to Volt’s affiliates and other
persons.

Certain members in the Funds are exempted from all or some Carried Interest or Management Fee,
including the Adviser, its affiliates and any other member designated by the Adviser in its sole discretion
(e.g., “friends and family” or other members based on investment size or other factors).

In consideration for investment management services provided with respect to the Funds, Volt may be
paid a closing fee which varies by investment vehicle from 0-3% of capital contributed by members.

Client Expenses

Periodically, Volt bills certain Portfolio Companies in arrears for its direct expenses incurred in relation to
the monitoring, management and governance of Fund investments in such Portfolio Companies (e.g.,
travel and incidental expenses incurred in connection with travel to/from board meetings or in-person
meetings or site visits).

Under the terms of their respective operating agreements, Volt may charge the Funds for their operating
expenses. Because the SPV Funds do not maintain cash balances, the Adviser generally pays the operating
expenses on behalf of the SPV Funds and may charge the SPV Funds for their operating expenses in the
future. The Opportunities Funds pay or reimburse the Adviser for certain operating expenses.

Such operating expenses include, but are not limited to:

    •    appraising and valuing, researching, acquiring, maintaining, financing, hedging and disposing of
         portfolio investments and prospective portfolio investments, whether or not consummated,
         including broken deal expenses (to the extent not paid for or reimbursed by portfolio
         investments), including, without limitation, taxes, fees and other governmental charges levied
         against the Client;
    •    costs of insurance, including, without limitation, directors and officers liability insurance, errors
         and omission insurance, and liability insurance covering the Client, the General Partner, Volt and
         the members, partners, officers, employees and agents of any of them, in all cases with respect
         to their activities performed on behalf of or for the benefit of the Client; administrative and
         research fees and expenses;
    •    expenses of custodians, outside advisors, counsel (including the Client’s legal counsel),
         accountants, auditors, administrators and other consultants and professionals; expenses
         associated with forming, documenting and operating alternative investment vehicles and other
         holding vehicles related to a portfolio investment, including any amendments, modifications or
         revisions to the constitutive documents of any such entities;
    •    interest on and fees, costs and expenses arising out of all financings entered into by the Client
         (including, without limitation, those of lenders, investment banks, and other financing sources);
         travel expenses (air travel to be by coach or business class on a commercial airline to the extent
         reasonably practicable and economical);
    •    brokerage commissions;
    •    custodial expenses;
    •    litigation and other dispute resolution expenses (including the amount of any judgments or
         settlements paid in connection therewith);
    •    winding up and liquidation expenses; expenses incurred in connection with any tax or regulatory
         audit, investigation, settlement or review of the Client, and/or the General Partner and/or the
         Firm with respect to their activities performed on behalf of or for the benefit of the Client;
    •    the costs of any services provided by the General Partner or its affiliates in accordance with the
         limited liability corporation agreement;
    •    expenses associated with meetings of investors and the preparation and distribution of reports,
         financial statements, tax returns and K-1s to investors;
    •    the fees and expenses incurred in connection with the compliance by the Client (but not by Volt
         or the General Partner) with applicable laws, rules, regulations and procedures;
    •    indemnification and other unreimbursed expenses; and,

    •   any extraordinary expenses to the extent not reimbursed or paid by insurance, but specifically
        excluding the Management Fee and Organizational Expenses (as defined below).

Organizational Expenses shall include the Client’s pro rata share of all out-of-pocket expenses incurred in
connection with the organization, formation and documentation of the General Partner, the Client, any
parallel vehicle and other related entities organized by the General Partner or its affiliates, including any
amendments, modifications or revisions to the constitutive documents of any such entities and the
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Item 7: Types of Clients

The Firm provides advisory services solely to the Funds. Interests in the Funds generally are offered to
“accredited investors” (as defined in Regulation D under the Securities Act of 1933, as amended),
“qualified purchasers” and “knowledgeable employees” (under Section 2(a)(51) and Rule 3c-5 of the
Investment Company Act of 1940, as amended), and “qualified clients” (under Rule 205-3 of the
Investment Advisers Act of 1940, as amended).

Generally, there is no minimum investment or commitment amount in the SPV Funds, but the Firm
maintains discretion to require a minimum investment or commitment amount. The minimum
commitment amount for the Opportunities Funds is $5,000,000, but the Firm may waive the minimum
commitment amount in its discretion.

The Firm may provide advisory and other services to more clients in the future.