Yellow Wood Partners LLC

Item 5. Fees and Compensation

Yellow Wood receives from the Partnerships management fees and performance-based fees for
providing investment advisory and administrative services.

Management fees are generally payable in quarterly installments in advance, with any partial-
period fees prorated based on the actual number of days in the applicable period. As described in
Item 14, management fees may be reduced by certain fees or other compensation received by
Yellow Wood or its affiliates.

See Item 6 for a discussion of performance-based fees. Both management fees and performance-
based fees may be deferred, waived or reduced at the discretion of Yellow Wood.

The Partnerships also bear certain organizational and operating expenses, including audit, tax
and legal fees, database research subscriptions and private equity liability insurance, as outlined
in their respective offering documents.

Item 7. Types of Clients

Yellow Wood currently provides advisory services to ten Partnerships: Yellow Wood Capital
Partners II, LP; Yellow Wood Capital Partners III, LP; Yellow Wood Co-Invest II, L.P.; Yellow
Wood Co-Invest III, L.P.; Yellow Wood Co-Invest JAX-A, L.P.; Yellow Wood Co-Invest JAX-
A-2, L.P.; Yellow Wood Co-Invest JAX-B, L.P.; Yellow Wood Co-Invest Fortuna-A, L.P.;
Yellow Wood Co-Invest Silk-A, L.P.; and Yellow Wood Co-Invest Fortuna-B, L.P. The
Partnerships operate as pooled investment vehicles intended to provide management expertise
and other advantages to its portfolio company investments.

Investors will be required to make certain representations in connection with an investment in a
Partnership, including, but not limited to, that (i) they are acquiring an interest for their own
account, (ii) they have received or had access to all information they deem relevant to evaluate
the merits and risks of the prospective investment, and (iii) they have the ability to bear the
economic risk of an investment in such Partnership. Each investor will be furnished with a copy
of the Partnership Agreement and any other governing documents of such Partnership.

Details concerning initial and additional subscription minimums for each Partnership are
disclosed in such Partnership’s Partnership Agreement.