Yukon Partners Management LLC

Item 5 – Fees and Compensation

In general, Yukon charges each Fund an annual management fee, payable quarterly in advance, that is
typically a specified percentage of either the aggregate limited partner capital commitments to the Fund or
the Fund’s aggregate cost basis of unrealized invested capital (as applicable). All investors and prospective
investors should review the governing documents of each Fund in conjunction with this Brochure for
complete information on the fees and compensation payable with respect to a particular Fund. Management
fees are paid to Yukon in accordance with the related management agreements and limited partnership
agreements for each Yukon Fund.

Certain investors in a Yukon Fund may negotiate (and have negotiated), and be granted (and have been
granted), a reduction of such management fees prior to or concurrently with becoming an investor in the
Fund. Additionally, limited partners of Yukon Funds who are affiliated with Yukon, as well as certain
individuals referred to as operational consultants and executive advisors in Item 11 below, are not required
to pay management fees.

Management fees are generally paid pursuant to capital calls made quarterly on the limited partners of each
Yukon Fund. However, if and to the extent a Yukon Fund has cash on hand as a result of dividends or
interest income received from portfolio investments or proceeds from the repayment of principal or
disposition of a portfolio investment, Yukon and the general partner of such Yukon Fund generally have
the discretion to pay management fees to Yukon from such cash on hand.

Yukon or its affiliates may receive portfolio companies director’s fees, transaction fees, monitoring fees,
closing fees, amendment fees, break-up fees and other similar advisory fees. In accordance with applicable
Fund governing documents, some or all of such fees paid by portfolio companies that are received by
Yukon, the GPs, or any of their affiliates, net of any related expenses, will be applied to reduce the
management fee otherwise payable by investors. To-date, no such ancillary fees have been received by
Yukon or its affiliates.

In addition, the GPs of the Funds are entitled to receive a performance-based fee in the form of a carried
interest on the profits of the respective Funds in accordance with the provisions of each Fund’s limited
partnership agreement. Carried interest payments (if any) are made from time to time when cash
distributions are otherwise made to the partners of the Yukon Fund. See Item 6 below for additional
information. Carried interest allocations have been waived in relation to the Fund capital accounts of: (i)
limited partners of Yukon Funds who are affiliated with Yukon, as well as (ii) certain individuals referred
to as operational consultants and executive advisors in Item 11 below.

Each Yukon Fund bears all of the organizational and offering expenses (excluding any placement fees)
incurred in connection with the formation of the fund, its general partner and any other necessary related
entities, up to a specified maximum amount set forth in the related limited partnership agreement for such
fund. Each Yukon Fund will reimburse Yukon (or the GP of the relevant Fund) for such expenses to the
extent that any such expenses are borne by Yukon (or the GP) directly on behalf of the Fund.

Each Yukon Fund is also responsible for all other expenses attributable to its activities, whether incurred
directly by the Fund or by its general partner or Yukon on its behalf, including but not limited to:

       fees and expenses relating to consummated portfolio investments, and/or contemplated but
        unconsummated investments, and temporary investments, including but not limited to travel legal,

        accounting, auditing, consulting, brokerage, and financing commitment fees, transfer taxes, and
        registration costs in connection with such investments to the extent that such fees and expenses are
        not reimbursed by a portfolio company or other third person;

       premiums for legal insurance protecting the fund and any indemnified persons from liabilities to
        third persons in connection with fund affairs, including, if deemed appropriate, key man life
        insurance for principals of Yukon;

       legal, custodial and accounting expenses, including expenses associated with the preparation of the
        Fund’s financial statements, tax returns and Schedule K-1’s and the representation of the Fund or
        its partners by the tax matters partner;

       all expenses of the Advisory Committee and any other Yukon Fund committee or board;

       all litigation expenses;

       all unreimbursed out-of-pocket fees and expenses incurred by any Yukon Fund, the GPs, Yukon,
        or their affiliates in connection with any conference or meeting of such fund or communications
        with the limited partners;

       expenses related to vehicles through or in which portfolio investments may be made;

       taxes and other governmental charges, fees and duties payable by the Fund;

       interest and expenses payable by the Fund on any indebtedness incurred by the Fund;

       expenses relating to defaults in capital contribution funding obligations;

       costs of winding up and liquidating the Fund; and

       any other fees and expenses to be borne by the Fund under the terms of the fund’s limited
        partnership agreement.

As a general matter, Fund expenses that relate to multiple Funds will typically be allocated amongst all
relevant Funds to the extent such Funds are required to reimburse (or otherwise pay) expenses of that kind
pursuant to the terms of their respective governing documents. In all such cases, subject to applicable legal,
contractual or similar restrictions, expense allocation decisions will generally be made by Yukon or its
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Item 7 – Types of Clients

Yukon currently provides advisory and management services solely to private investment funds. A
minimum capital commitment of $5 million is generally required of an investor in a Yukon Fund, provided
that this minimum has been waived from time to time and may be waived by a fund’s general partner in its
discretion.

Interests in the Funds are offered only to certain qualified investors. Admission to the Funds is not, and will
not be, open to the general public. Limited partnership interests of the Funds will be sold only to “accredited
investors” as defined under Rule 501 of Regulation D of the Securities Act of 1933, as amended (the
“Securities Act”), and “qualified purchasers” as defined in Section 2(a)(51) of the Investment Company
Act of 1940, as amended (the “Investment Company Act”).

In certain cases, the GPs may, and have, entered into side letter agreements with certain investors in a Fund
establishing rights under, or supplementing or altering the terms of, the applicable Governing Documents
(including without limitation, “most favored nations” rights, reporting rights, regulatory reporting
requirements, confidentiality provisions, modified or reduced fees, and certain other protections). Once
invested in a Fund, Investors generally cannot impose additional investment guidelines or restrictions on
such Fund. Except in limited circumstances, Investors are not permitted to withdraw from a Fund prior to
such Fund’s dissolution.