Vector Capital Management, L.P.

Vector is a middle-market investment firm focused on special situation investments in technology and technology enabled businesses. In addition to public buyouts and acquisitions of private and venture-backed companies, Vector seeks to invest in corporate spin-outs and divestitures, credit recapitalizations and restructurings, minority investments in “bootstrapped” companies, and private investments in public equity. Vector was founded in 1998 by Alexander Slusky and is controlled by Mr. Slusky through his ownership of Vector Capital, LLC, VCM Holdings, Inc., and Vector Capital Group Partners, LLC. Vector serves as an investment manager (or in certain cases, as a sub-advisor) and provides discretionary advisory (or sub-advisory, as applicable) services to several privately offered collective investment vehicles, including private investment partnerships and foreign investment companies, together with any respective parallel funds, special purpose, alternate investment, or subsidiary investment vehicles (the “Vector Funds”). The Vector Funds are organized into two core strategies, private equity and credit (the “Equity Funds” and the “Credit Funds”). The Equity Funds primarily pursue private equity investments in technology and technology-enabled businesses, including buyouts, spinouts, turnarounds, and recapitalizations. The Credit Funds focus on special credit opportunities in middle market companies in the software, hardware, media, telecom, and business services sectors. The investment activities of the Equity Funds are directed by an investment committee composed of Mr. Slusky, Robert Amen, and Amish Mehta and the investment activities of the Credit Funds are directed by an investment committee composed of Mr. Slusky and Nick Ghoussaini (the “Principals”). In addition to the Principals, there are additional investment professionals comprised of seasoned technology investors who are former CEOs, CFOs, product managers, engineers, lawyers, consultants, and investment bankers who bring a wealth of investment, operational, and financial expertise and experience to Vector and its affiliates (collectively, the “Vector Team”). Vector provides investment management services to the Vector Funds and not individually to the investors (“Investors”) in the Vector Funds. Vector has full discretionary authority to purchase or sell investments for the Vector Funds, with certain limited exceptions for approval rights by Investors for specific tax or regulatory considerations provided for in the Governing Fund Documents (as defined below). In providing its services to each Vector Fund, Vector and the Vector Team evaluate, direct, and manage the investment and reinvestment of the assets of the Vector Funds, and provide reports to Investors, in accordance with the terms of a limited partnership agreement, investor subscription agreements, and, as applicable, side letters or any other governing documents applicable to the Vector Fund or Investors (the “Governing Fund Documents”).

Interests in the Vector Funds are privately offered only to qualified investors pursuant to exemptions available under the Securities Act of 1933, as amended (the “Securities Act”), and the regulations promulgated thereunder, and the Vector Funds are not registered with the SEC as investment companies based on specific exclusions from the Investment Company Act of 1940, as amended (“1940 Act”). Typically, interests in the Vector Funds are offered to institutional investors and high net worth individuals. As of December 31, 2025, Vector managed approximately $3,752,000,000 of regulatory assets under management on a discretionary basis on behalf of the Vector Funds, net of borrowings and including committed uncalled capital.

The Vector Funds are charged asset-based advisory fees by their affiliated General Partners (as defined below). These fees, which are paid to Vector, include management fees based on a percentage of assets under management, carried interest allocations and certain other fees or expenses related to transactions, all in accordance with the Governing Fund Documents. Fees other than carried interest allocations, which are discussed in “Performance Based Fees and Side-by-Side Management” (Item 6), are generally payable quarterly in advance and are generally paid on or after the date payable. Vector’s management fee is typically in the range of 1.0 to 2.0 percent. For the Equity Funds, the management fee typically is calculated as a specified percent of aggregate capital commitments during a Vector Fund’s investment period and thereafter a specified percent of the aggregate investment cost of the Vector Fund’s remaining investments. Management fees for the Equity Funds are not based on, nor do they fluctuate based on changes in, the fair value of the Equity Fund’s investments. For the Credit Funds, the management fee is typically calculated as a specified percent of an Investor’s capital account. Management fees are prorated for partial periods. Management fees are negotiable, and Vector has the right to waive, reduce, or calculate differently, all or part of the management fee with respect to one or more Investors without waiving, reducing, or calculating differently the management fee with respect to other Investors. Prepaid fees are deducted from Investors’ accounts quarterly in the case of the Equity Funds, and monthly in the case of the Credit Funds. Vector retains flexibility to structure its compensation from Investors and may in certain circumstances agree to invoice an Investor directly for management fees or other compensation, rather than deducting such amounts from the Investor’s capital accounts. Where the Governing Fund Documents calculate management fees based on the amount of capital commitments or the amount of investment cost, the management fees generally will not be reduced based on dividends, partial realizations, or reductions in investment value, except where specified by the relevant Governing Fund Documents. Prepaid management fees generally will not be refunded if an investment is disposed of during the relevant period.

Vector typically receives monitoring, transaction, syndication, break-up, consulting, and directors’ fees and financing, divestment, and other similar fees (whether paid in cash or securities) in connection with portfolio investments of the Equity Funds as compensation for financial advisory and similar services provided to the Equity Funds’ portfolio companies. With the exception of charges for the Value Creation Team (as defined below), Supplemental Fees received from portfolio companies of an Equity Fund typically reduce the management fees otherwise payable to Vector by the Vector Fund. In the event Vector receives directors’ fees with respect to a portfolio investment that is held by one or more Credit and Equity Funds, each of such Credit and Equity Funds will receive the benefit of a management fee offset with respect to such fees, which shall be applied pro rata amongst the relevant Vector Funds. The Equity Funds regularly make controlling equity investments in portfolio companies. Vector, as the manager to the Equity Funds, assumes a certain level of control of these portfolio companies through board representation, typically a majority of the board. Through its board representation, Vector is able to influence the determination of service providers to be used by the portfolio companies, as well as the amounts paid to service providers by the portfolio companies. Vector often causes the portfolio companies to select Vector, or an affiliate, to provide such services. This arrangement creates a conflict between the interests of Vector and the Equity Funds because the value of the Equity Funds’ portfolio holdings are diminished by the portfolio company fees paid to Vector. Vector typically mitigates this conflict by offsetting portfolio company fees against management fees that the Equity Funds must otherwise pay to Vector. The Governing Fund Documents of each Vector Fund set forth the extent to which such fees reduce management fees. However, for certain Vector Funds that no longer pay or pay minimal management fees, Vector retains such compensation with no corresponding reduction to management fees. In addition, the Vector Funds portfolio holdings have accrued and unpaid fees that are contractually obligated to be paid in the future which could either offset management fees or be retained by Vector. To the extent that any such fees are paid in kind (including through securities, option grants or other interests), Vector is permitted to calculate the amount of offset based on the then-current value of the in-kind payment, rather than the ultimate value of the interests as of a future date. For example, Vector typically enters into management services agreements with portfolio companies that provide for payments of monitoring and transaction fees to Vector. These fees are generally offset against management fees that would otherwise be paid by the Equity Funds. Offsets are made only with respect to the Equity Funds’ allocable share of an investment and not with respect to the General Partner’s or other investor’s allocable share of the investment. Therefore, the Equity Funds will benefit only to the extent of their allocable share of the investment. Further, in the later years of an Equity Fund the management fees are reduced and the monitoring and transaction fees may be greater than the management fees. Vector has the right to retain such fees with no corresponding reduction to management fees and the amount of such fees could be significant.

Each Vector Fund generally bears or reimburses Vector for all of the expenses relating to its own activities, operations, and meetings including, without limitation, fees, costs, expenses, liabilities, and obligations directly related to the origination, sourcing, investigation, development, making, management, monitoring, and disposition of investments (including any such costs and expenses incurred by Vector and any such costs and expenses relating to potential investments that are not consummated (i.e., “broken deal expenses”) and other expenses relating the diligence or evaluation of a prospective investment); reverse breakup, termination and other similar arrangements; fees and expenses of brokers, dealers, finders, underwriters, loan administrators, and placement agents; costs associated with developing an investment pipeline, including consultants, finders, brokers, investment banks, trade shows, conferences, and periodical or database subscriptions; fees and expenses of custodians, consultants, outside counsel, accountants and other service providers; the maintenance of bank or custodian accounts, as well as for depositary, local paying agent, trustee, record keeping, account, registered office and similar services; insurance premiums and other insurance costs; any software or administration solutions used in connection with Vector Fund investments, including any artificial intelligence software; any tax and audit costs; legal, audit, and other expenses incurred in connection with the registration of the securities under the Securities Act; and maintenance of books and records of the Vector Funds; preparation of annual and other reports to the Investors, the preparation, distribution or filing of Vector Fund-related or investmentrelated financial statements or other reports, tax returns, tax estimates and Schedules K-1 (or equivalents), including expenses relating to developing, licensing, implementing, maintaining or upgrading any web portal, extranet tools, computer software, including any artificial intelligence software (including in relation to fund administration, tracking, investor reporting, customer relationship management systems, accounting, ledger systems and financial management) or other administrative or reporting tools (including subscription-based services); pursuing, structuring, organizing, negotiating, consummating, financing, refinancing, diligencing (including any subscriptions to any periodicals, databases and/or research services), acquiring, bidding on, owning, managing, monitoring, operating, holding, hedging, restructuring, valuing, trading, taking public or private, effecting the sale or exchange of, selling, winding up, liquidating, dissolving or otherwise disposing of, as applicable, actual and potential investments (including follow-on investments and transactions that may have been offered to co-investors) or seeking to do any of the foregoing (whether or not any contemplated transaction or project is ultimately consummated and whether or not such activities are successful); costs related to independent appraisers (including third-party valuations, appraisals or pricing services; investment advisers and independent consultants incurred in investigating and evaluating investment opportunities; indebtedness or guarantees including credit facility or letter of credit, costs related to compliance with each Vector Fund’s Governing Fund Documents and any law, rule, regulation, policy, or special measure, including fees and expenses related to compliance with FATCA and other foreign account reporting requirements, protection of personal data, know-your customer and anti-money laundering, and regulatory filings or reports (e.g. Form PF and Bureau of Economic Analysis Reports); filing, title, transfer, survey, registration and other similar activities and associated legal expenses of the Vector Funds, expenses

relating to any tax or regulatory audit or investigation; the fees, costs, expenses, liabilities, and obligations of any litigation relating to the activities or operation of the Vector Fund and the amount of any judgments or settlements paid in connection therewith, relating to the business, activities, and interests of the Vector Fund; expenses of an limited partner advisory committee (the “Advisory Committee”) meetings, including reimbursement of out-of-pocket costs for Advisory Committee members and meeting attendants; costs of third-party valuation experts; unreimbursed and unpaid costs of the Value Creation Team, its members, or other persons engaged by the Value Creation Team; travel expenses, including private air travel (including the use of a private aircraft owned, partially owned, or leased by Vector any of its affiliates or any of their respective owners, members, managers, shareholders, partners, directors, officers, employees, agents, advisors, assigns, representatives or affiliates), it being understood that any private or chartered air travel expenses shall not exceed the cost of first-class commercial airfare unless such private or chartered air travel is used in instances where (i) there are no non-stop flights or regularly scheduled flights to the destination, (ii) multiple stops will be made during the use of such private or chartered aircraft, (iii) there are exigent circumstances or (iv) there are safety concerns in respect of the point of departure, the route or the destination), ground transportation (including car or ride sharing services), other modes of transportation and annual airport lounge fees, as well as associated lodging, meals, entertainment and other incidental travel expenses; and any other lodging, meals, or entertainment related to the activities and operations of the Partnership as described in the Governing Fund Documents. The cost of private air travel is expected to significantly exceed the cost of first-class commercial airfare in certain instances. The inclusion of an expense category in Governing Fund Documents will not impose on Vector an obligation to charge an expense (or the full amount of that expense) to that Vector Fund; instead, permitted expenses will be allocated and charged in Vector’s discretion to the Vector Funds it deems appropriate. Vector generally bears its own operating expenses incurred in connection with the management of the Vector Funds to the extent those expenses are not borne by the Vector Funds. Such operating expenses include, without limitation, expenditures on account of salaries, wages, travel, entertainment, and other expenses of Vector’s employees; rentals payable for space used by Vector; accounting services; liability and other insurance premiums (other than premiums, if any, for insurance against liabilities of the type generally covered by the indemnification provisions in the applicable Governing Fund Documents); and membership dues for professional and trade associations of which Vector is or becomes a member. Vector Funds typically allocate a portion of their investment profits to their affiliated General Partners as an incentive for Vector to maximize performance of the Vector Funds. These “carried interest” or “performance fee” allocations typically range from 10% to 25% for the Vector Funds. Carried interest and performance fee allocations are in addition to any investment that the General Partner may have in a Vector Fund. The fact that a significant portion of Vector’s compensation is directly computed on the basis of investment profits generated by Vector Funds creates an incentive for Vector to make investments on behalf of the Vector Funds that are riskier or more speculative,

or operate the relevant Vector Fund in another manner that is less favorable to the Investors than would be the case in the absence of such compensation.

Conflicts of Interest Private Equity. The Equity Funds typically make investments in operating companies through buyouts, spinouts, recapitalizations, and similar transactions involving technology and technologyenabled businesses. Vector’s investment strategy is characterized by a willingness to invest in both public and private companies, a focus on special situations and turnarounds, active involvement in portfolio companies, and its ability to apply the Vector Team’s industry expertise across its portfolio. The Equity Funds pursue investments in businesses that have difficulty accessing traditional sources of capital. These businesses are often in periods of transition or distress and require significant investments of time and capital to maximize their potential value. Special situations require innovative sourcing, rigorous due diligence, financial sophistication, and complex structuring. They also require a willingness to stay focused on a potential transaction over many months and sometimes years. Vector performs analytical due diligence and emphasizes company fundamentals, such as industry positioning, balance sheet strength, and discounted cash flows when valuing potential investments. Vector has established rigorous quantitative and qualitative criteria for its investments. These criteria are designed to help Vector identify opportunities with an emphasis on scalable operations, undervalued assets, and the ability to drive operating performance. Credit. The Credit Funds seek attractive risk-adjusted total returns by pursuing an investment strategy primarily focused on investments in bank loans, debt and debt-related securities of middle market companies in the software, hardware, media, telecom, and business services sectors, but may also invest across a diverse set of industries, sectors, and regions. The Credit Funds may also acquire

equity interests, including preferred and common, and may seek exposure to equity and credit investments synthetically through derivatives, such as swaps, options, short sales, futures, and forwards. In managing the Credit Funds, Vector is guided by an investment philosophy that stresses risk control and consistency, and that seeks to capitalize on special situations presented by inefficiencies in the credit markets. Its approach to credit investing is rigorous and deeply analytical, with an emphasis on business fundamentals, such as recurring revenue, financial performance, competitive positioning, and product strategy. Vector conducts quantitative analysis and screening of technology, business services, media, and telecom credits to identify attractive opportunities based on trading multiples and relative and absolute price changes to identify promising investment opportunities. Vector then conducts analysis on this universe of potential investments, including enterprise valuations, bankruptcy recovery and liquidation analyses, scenario analyses, stress tests, sensitivity analyses, and business diligence and analyses. Based on this analysis, Vector develops a proprietary model for each credit that includes an upside, base, and downside case, as well as target purchase and sale prices. Based on this analysis, the investment committee determines whether to invest in the credit on behalf of the Credit Funds. Risks. All investing involves a risk of loss that Investors should be prepared to bear. The descriptions contained below are a brief overview of the material risks related to Vector’s investment strategies; however, it is not intended to serve as an exhaustive list or a comprehensive description of all risks and conflicts that may arise in connection with the management and operations of the Vector Funds. Please refer to the applicable Governing Fund Documents for more complete information regarding these and other risks associated with an investment in a Vector Fund. Investment Risks and Conflicts of Interest – General Controlling Interest. The Vector Funds’ portfolio may contain large public stakes or investments in securities that may be restricted or subject to trading limitations which may cause the ultimate realized value to be less than the current holding value. Lack of diversification. The Vector Funds are typically subject to limited or no diversification requirements, and may invest in a limited number of companies, sectors, countries, or regions. The Vector Funds may invest a portion of their assets in privately-held technology companies without histories of profit and stability. These companies may require considerable additional capital to develop technologies and markets, acquire customers, and achieve or maintain a competitive position. This capital may not be available at all, or on acceptable terms. Such companies may face intense competition, including competition from established companies with much greater financial and technical resources, more extensive development, manufacturing, marketing, and service capabilities, and a greater number of qualified managerial and technical personnel. Portfolio

companies may have substantial variations in operating results from period to period and experience failures or substantial declines in value at any stage. To the extent the Vector Funds concentrate their investments in a particular company, sector, country, or region, their investments will become more susceptible to fluctuations in value resulting from adverse business or economic conditions affecting that particular company, sector, country, or region. As a consequence, the aggregate return of the Vector Funds may be adversely affected by the unfavorable performance of one or a small number of companies, sectors, countries, or regions in which the Vector Funds have invested. Currently, the Vector Funds intend to focus their investments in a limited number of sectors, including software, business services, media, telecom, and information technology companies, and any downward trends in such sectors could have a material adverse effect on the Vector Funds’ performance. Trading Risk. Vector’s trade error policy only requires Vector to reimburse Vector Funds for any losses resulting from Vector’s breach of the applicable standard of care. Although Vector endeavors to take the utmost care in implementing investment decisions on behalf of each Vector Fund, trade errors do occur and could have a material adverse impact on the performance of all Vector Funds. Leverage. The Vector Fund’s investments include portfolio companies with capital structures that include significant leverage. These companies may be subject to restrictive financial and operating covenants. The leverage will constrain these companies’ ability to finance their future operations and capital needs and ability to operate its business as desired. The cost and availability of leverage is highly dependent on the state of the broader credit markets (and such credit markets may be impacted by regulatory restrictions and guidelines), which state is difficult to accurately forecast, and at times it may be difficult to obtain or maintain the desired degree of leverage. The leveraged capital structure of such investments will increase the exposure of the portfolio companies to adverse economic factors such as rising interest rates, downturns in the economy, or deteriorations in the condition of the portfolio companies or their industries. While investments in leveraged companies offer the opportunity for capital appreciation, such investments also involve a higher degree of risk. Subscription Lines. The Vector Funds are permitted to enter (and the Equity Funds have entered) into one or more subscription lines with one or more lenders in order to finance its operations including the acquisition, financing or refinancing of the Vector Fund’s investments, as well as to consolidate or make less frequent capital calls to Investors. Vector Fund-level borrowing subjects Investors to certain risks and costs. For example, because amounts borrowed under a subscription line typically are secured by pledges of the relevant General Partner’s right to call capital from the Investors, Investors may be obligated to contribute capital on an accelerated basis if the Vector Fund fails to repay the amounts borrowed under a subscription line or experiences an event of default thereunder. Moreover, any investor claim against the Vector Fund would be subordinate to the Vector Fund’s obligations to a subscription line’s creditors.

In addition, Vector Fund-level borrowing will result in additional partnership expenses that will be borne by Investors. These expenses typically include interest on the amounts borrowed, unused commitment fees on the committed but unfunded portion of a subscription line, an upfront fee for establishing a subscription line, and other one-time and recurring fees and expenses, as well as legal fees relating to the establishment, structuring, and negotiation of the terms of the borrowing facility, as well as expenses relating to maintaining, negotiating, renegotiating, refinancing or terminating the facility. Because a subscription line’s interest rate is based in part on the creditworthiness of the relevant Vector Fund’s Investors and the terms of the Governing Fund Documents, it may be higher than the interest rate an Investor could obtain individually. To the extent a particular Investor’s cost of capital is lower than the Vector Fund’s cost of borrowing, Vector Fund-level borrowing can negatively impact an Investor’s overall individual financial returns even if it increases the Vector Fund’s reported net returns in certain methods of calculation. Conflicts of interest have the potential to arise in that the use of Vector Fund-level borrowing typically delays the need for Investors to make contributions to a Vector Fund which in certain circumstances enhances a Vector Fund’s internal rate of return calculations and thereby may be deemed to benefit the marketing efforts of Vector. A portfolio company financing from a subscription line, rather than from a Vector Fundlevel equity commitment, has the potential to increase such returns, particularly in instances where the relevant amount has been drawn for an extended period of time. The use of a subscription line for extended periods of time may also increase the likelihood that a Vector Fund will generate any minimum internal rate of return necessary to earn carried interest for the relevant General Partner. The General Partner expects, therefore, to have a potential incentive to borrow large amounts on a subscription line to make investments and pay expenses and to delay calling capital from Investors for long periods of time, thereby causing the Vector Fund to pay significant interest expense. Because management fees are incurred whether an investment is financed through capital calls or borrowings, and a Vector Fund’s preferred return would not accrue on outstanding borrowings, the relevant General Partner has an incentive to cause the Vector Fund to make investments and pay such amounts using a subscription line rather than making capital calls. Conflicts of interest also have the potential to arise to the extent that a subscription line is used to make an investment that is later sold in part to co-investors, to the extent co-investors are not required to act as guarantors under the relevant facility or pay related costs or expenses but receive the benefit of the use of the subscription line. A credit agreement or borrowing facility frequently will contain other terms that restrict the activities of a Vector Fund and the Investors or impose additional obligations on them. For example, certain lenders or facilities are expected to impose restrictions on Vector’s ability to consent to the transfer of an Investor’s interest in the Vector Fund or impose concentration or other limits on the Vector Fund’s investments, and contain financial or other covenants, that could affect the implementation of the Vector Fund’s investment strategy. In addition, in order to secure a subscription line, Vector may request certain financial information and other documentation from Investors to share with lenders. Vector will have significant discretion in negotiating the terms of

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Vector provides discretionary investment advisory (or sub-advisory, as applicable) services directly to the Vector Funds, subject to any limitations included in the Governing Fund Documents. Vector considers the Vector Funds, not the Investors in the Vector Funds, to be its clients (“Clients”). Investors in the Vector Funds generally include high net worth individuals, pension plans (corporate, state, and foreign), sovereign wealth funds, endowments, foundations, banks, pooled investment vehicles (e.g., funds-of-funds), trusts, estates or charitable organizations, and corporate or business entities. The minimum commitment for an Investor in a Vector Fund is outlined in the Governing Fund Documents; however, Vector maintains discretion to accept less than the minimum investment threshold. In addition, the Vector Funds may enter into separate agreements, commonly referred to as “side letters,” with certain Investors, to waive or otherwise modify certain terms of the Governing Fund Documents or allow such Investors to invest on terms (including without limitation, those relating to information rights) more favorable than those specifically described in the Governing Fund Documents. Vector has implemented policies and procedures to ensure that any side letters

are consistent with its fiduciary duty to all of the Investors in the Vector Funds. Subject to applicable law and unless otherwise required pursuant to the applicable Governing Fund Documents and any applicable provisions of such “side letters,” Vector does not intend to disclose the terms of such side letter agreements and does not intend to disclose the identities of the Investors that have entered into such agreements. (See Item 11.) Investors in Vector Funds are required to meet certain suitability qualifications. Also, Investors are required to make certain representations when investing in a Vector Fund, including, but not limited to that (i) they are acquiring an interest for their own account, (ii) they received or had access to all information they deem relevant to evaluate the merits and risks of the prospective investment and that (iii) they have the ability to bear the economic risk of an investment in the Vector Fund. Details concerning applicable investor suitability criteria are set forth in the respective Vector Fund’s offering documents and subscription materials, which are furnished to each Investor.

As indicated in Item 5 above, the Vector Funds pay performance-based fees to Vector, including carried interest or incentive allocations, which vary across the Vector Funds. The calculation of the amount of, and the timing of payment of, carried interest and incentive allocations are detailed in each applicable Governing Fund Documents. Performance-based fees differ from one Vector Fund to another and can differ among Investors in the same Vector Fund. The existence of performance-based fees creates an incentive for Vector to make more speculative investments on behalf of the Vector Funds than it would otherwise make in the absence of such performance-based arrangement. In addition, Vector receives a different level of investment advisory or performance-based fees from different Vector Funds which can present a conflict of interest. Vector potentially has an incentive to favor Vector Funds from which it receives a higher performance fee in the allocation of investment opportunities or expenses, and it potentially has an incentive to take greater investment risks on behalf of such Vector Funds. Vector has established safeguards designed to address these potential conflicts of interest. Some Equity Funds have established an Advisory Committee composed of Investors that review potential conflicts of interest that may arise in Vector’s investment activities on behalf of the Equity Funds.

Vector is affiliated with a group of entities (identified below) that serve as general partners to the private funds listed below (each, a “General Partner,” collectively, the “General Partners”). Each General Partner is subject to the U.S. Investment Advisers Act of 1940, as amended (the “Advisers Act”) pursuant to Vector Capital Management L.P.’s registration in accordance with SEC guidance. This brochure also describes the business practices of the General Partners, which operate as a single advisory business together with Vector Capital Management L.P. Vector Capital Partners VI, L.P.

Serves as general partner to Vector Capital VI, L.P.

Vector Capital Partners V, L.P.

Serves as general partner to Vector Capital V, L.P. and Vector Entrepreneur Fund V, L.P.

Vector Capital Partners IV, L.P.

Serves as general partner to Vector Capital IV, L.P.

Vector Capital Partners III, L.P.

Serves as general partner to Vector Entrepreneur Fund III, L.P. VCP Credit, LLC Serves as general partner to Vector Capital Credit Opportunity Master Fund, L.P. and Vector Capital Credit Opportunity Fund, L.P. Vector Capital Partners II/III Extension, L.P. Serves as the general partner to Vector Capital II/III Extension, L.P. Vector Velocity Fund Partners, L.P. (formerly Serves as the general partner to Vector Velocity Vector Capital Partner Special Situations, Fund, L.P. L.P.) Vector Pantheon Partners, L.P. (formerly VCP Serves as the general partner to Vector Credit, L.P.) Pantheon, L.P.

Employees of Vector typically serve as directors of Vector Fund portfolio companies and, in that capacity, will be required to make decisions in the best interests of such portfolio companies and their shareholders. In certain circumstances, for example in situations involving bankruptcy or nearinsolvency of a portfolio company, decisions that may be in the best interests of the portfolio company may not be in the best interests of the Vector Funds, and vice versa. In these situations, there will be conflicts of interest between such individual’s duties as an employee of Vector and their duties as a director of such portfolio company. Vector addresses such conflicts on a case-bycase basis, with the assistance of the respective Advisory Committees of the Equity Funds. Although Vector generally does not permit employment for compensation separate from employment with Vector, the Principals and the rest of the Vector Team are permitted to engage in certain outside business activities, such as service on a board of directors, which also has the potential to result in conflicts of interest. Pursuant to Vector’s Code of Ethics (the “Code”), such activities are subject to the approval of its Chief Compliance Officer, which approval will only be granted on a case-by-case basis subject to a review of: (i) potential conflicts of interest; (ii) disclosure obligations; and (iii) any relevant regulatory issues. An employee that subsequently becomes aware of a material conflict of interest that was not disclosed when approval was granted must promptly report the conflict to Vector.

Transactions and Personal Trading Pursuant to Rule 204A-1 of the Advisers Act, Vector has established a Code of Ethics (the “Code”) which sets forth standards of ethical conduct for employees and is designed to address and avoid potential conflicts of interest. Among other things, the Code establishes guidelines for dealing with clients ethically, making personal trading and investments, and appropriately managing conflicts of

interest. The Code is applicable to the Vector Team, and all other employees of Vector and certain independent contractors. A copy of the Code is available upon request. Employee Trading. Vector and Vector employees reserve the right to purchase and sell securities for their own accounts, subject to restrictions and reporting requirements set forth in the Code and Vector’s fiduciary duty to its clients, and to buy or sell securities or other instruments that Vector has recommended to a Vector Fund, subject to the terms of the relevant Governing Fund Documents and restrictions and reporting requirements as may be required by law or otherwise determined by Vector. Employees and related persons of Vector have, and are expected to continue to have, capital investments in or alongside Vector Funds, or in prospective portfolio companies directly or indirectly, as well as in investment vehicles (including private funds) sponsored by potential competitors, and therefore expect to have additional potential conflicting interests in connection with these investments. Vector requires pre-clearance before purchasing or selling securities; requires periodic reporting of personal securities transactions and holdings; and requires prompt internal reporting of Code violations. Vector endeavors to maintain current and accurate records of all personal securities accounts of its employees in an effort to monitor all such activity. Vector personnel reserve the right to manage their own personal investments, whether or not through a formal family office or estate planning structure, to establish trusts, endowments, charitable programs, foundations, or similar arrangements, and to pay or receive compensation relating to the foregoing. Principals and Vector’s investment staff will continue to manage and monitor such investments until their realization. Such other investments that Principals expect to control or manage generally have the potential to compete with companies acquired by a Vector Fund. Following the investment period of a Vector Fund, Principals reserve the right to, and likely will, focus their investment activities on other opportunities and areas unrelated to such Vector Fund’s investments. Vector generally prohibits employees from purchasing or selling public securities of companies about which Vector may have material non-public information. Such companies will appear on a “restricted list.” Employees may not purchase or sell any securities of any company on the restricted list. Vector and Employee Investments in Vector Funds, alongside Vector Funds. The general partner will typically be committed to contribute 2% to 6% of the capital of each Equity Fund. In addition, certain employees may be permitted to invest an additional amount in the Equity and Credit Funds or in particular investments by the Equity Funds alongside the Vector Funds (as described below). Vector must seek the approval of the relevant Advisory Committee of an Equity Fund prior to making an investment that might reasonably be viewed as investment opportunities for such Equity Fund. Subject to any restrictions in the Governing Fund Documents one or more Vector employees are expected to be offered the opportunity to invest in one or more portfolio companies of the Vector

Funds alongside the Vector Funds. Although the amount to be invested in any such portfolio company by such employees is not expected to be material, any such allocation of investment opportunities to such employees will present potential conflicts of interest in light of certain investment opportunities being allocated away from the Vector Fund and such employees having asymmetrical information with respect to one or more such portfolio companies which may result in such employees increasing their participation in the investments expected to offer the highest returns (thereby diluting the participation of the Investors in the Vector Funds) while limiting their participation in less attractive opportunities (thereby causing Investors in the Vector Funds to have higher exposure). Time and Attention. One or more of the Principals will, in certain circumstances, spend a portion of their business time and attention pursuing investment opportunities that do not fall within the investment objectives of one or more Vector Funds. Vector believes that the significant investment of the Principals in the Vector Funds, as well as the Principals’ interest in the carried interest, operate to align, to some extent, the interest of the Principals with the interest of the Investors, although the Principals have economic interests in multiple Vector Funds as well and receive management fees and carried interests relating to these interests. At such time as Vector is permitted to raise a successor investment fund to a Vector Fund, the Principals will continue to manage such Vector Fund’s investments, but likely will focus investment activities on other opportunities and areas unrelated to the Vector Fund’s investments. Certain investments are permitted to be allocated between a Vector Fund and any successor or predecessor fund to it in a manner as set forth in the relevant Governing Fund Documents. Unless restricted by the Governing Fund Documents, Vector personnel are also permitted to serve on boards or act in other roles unaffiliated with Vector, the Vector Funds or their portfolio companies, including boards of charitable and educational institutions, public companies and former portfolio companies, and receive compensation in connection with such services and roles, none of which will offset or otherwise reduce management fees. Allocation of Investments Among Vector Funds. Over time, certain investment opportunities suitable for one Vector Fund are likely also to be suitable for other Vector Funds. Vector will determine that it is reasonable and appropriate to allocate investment opportunities, among Vector Funds and members of the Vector Team. Such allocations create conflicts of interest among the Vector Funds and between Vector and the Vector Funds. To the extent an investment opportunity is received that is unsuitable for a Vector Fund, in Vector’s sole discretion, Vector and its personnel reserve the right to refer such opportunity to third parties or to make personal investments in the relevant opportunity. Vector has adopted written policies and procedures relating to the allocation of investment opportunities among Vector Funds and members of the Vector Team intended to address these conflicts of interest. To determine whether a Vector Fund will participate in the relevant investment opportunity, Vector generally assesses whether an investment opportunity is appropriate for each

relevant Vector Fund based on the terms of such Vector Fund’s Governing Fund Documents, as well as factors including but not limited to: (i) investment objectives and strategies of the relevant Vector Fund; (ii) size of the investment relative to remaining callable capital; (iii) future capital needs of the underlying portfolio company; (iv) planned duration of the investment relative to the remaining life of the Vector Fund; (v) legal and regulatory restrictions; (vi) and other considerations relevant at the time. Furthermore, an Advisory Committee has been established for each Equity Fund to address potential conflicts of interest between and among Vector and the Vector Funds on the Equity Funds’ behalf. Vector must seek the approval of the relevant Advisory Committee of an Equity Fund prior to: (i) investing, on behalf of one Vector Fund, in companies that are owned by another Vector Fund; and (ii) making principal investments that might reasonably be viewed as investment opportunities for the Equity Funds. The Advisory Committees have approved guidelines for purchases of debt securities by Vector Funds, including purchases allocated to more than one Vector Fund and purchases of debt securities of a company in which another Vector Fund holds equity securities. Additionally, there are guidelines to follow in the case of purchasing debt securities of a company across Vector Funds. The Advisory Committees review such allocations and adherence to approved guidelines on an annual basis. An Advisory Committee for the Credit Funds has not been established. Vector’s allocation of investment opportunities among the Vector Funds, often will not be proportional. Therefore, such allocations likely will be more advantageous to one Vector Fund relative to one or all of such other Vector Funds, or vice versa. While Vector will allocate investment opportunities in a way that it believes is fair and equitable to each Vector Fund, there can be no assurance that one Vector Fund’s actual allocation of an investment opportunity, if any, or terms on which the allocation is made, will be as favorable as they would be if the potential conflicts of interest to which Vector expects to be subject did not exist. Investments by Multiple Vector Funds. Conflicts of interest can arise if a Vector Fund makes an investment in a portfolio company in conjunction with an investment made by another Vector Fund. For instance, one Vector Fund may not invest through the same investment vehicles, have the same access to credit, or employ the same hedging or investment strategies as such other Vector Fund. This will likely result in differences in price, investment terms, leverage, and associated costs between the Vector Funds. Where multiple Vector Funds invest in the same company at different times, the first Vector Fund to invest typically will bear a higher level of diligence and transaction fees, costs and expenses than later Vector Funds; similarly, to the extent a transaction does not proceed, the first Vector Fund to invest typically will bear the full amount of broken deal expenses relating to the transaction, regardless of whether other Vector Funds could or would have invested in the company in potential future transactions. Investments by more than one client of Vector in a portfolio company also have the potential to raise the risk of using the assets of one client of Vector to support positions taken by other clients. There can be no assurance that either Vector Funds will

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In selecting brokers, banks, and dealers to effect investment transactions for the Vector Funds, Vector may consider such factors as price, the ability of the brokers, banks, and dealers to effect transactions, their facilities, confidentiality practices, reliability and financial responsibility, as well as any products or services provided, or expenses paid, by such brokers, banks, and dealers. Products and services may include research items used by Vector in making investment decisions. Such benefits may cause Vector to execute a transaction with a specific broker, bank, or dealer even though it may not offer the lowest transaction fees. Vector has no formal arrangements with specific brokers, banks, or dealers to receive any “soft dollar” benefits in exchange for brokerage commissions from Vector Fund transactions. However, brokers or dealers may be selected who provide research reports and services to Vector, including: proprietary broker-dealer company research and analyses; oral and written reports, statistics, and advice about the economy, industries, and individual securities’ or company investment opportunities; opportunities to confer with company management; reports on underwriting activity, bank rates, loan defaults, loan new issuance volumes, and other capital markets statistics; all of which may be attractive for one or more Vector Funds. In accordance with Section 28(e) of the Securities Exchange Act of 1934, broker-dealers providing such services may be paid commissions on transactions for Vector Funds in excess of those that other broker-dealers not providing such services might charge so long as Vector determines in good faith the amount of commissions is reasonable in relation to the value of the brokerage and research services provided, taking into account all of the accounts over which Vector exercises investment discretion. Recognizing the value of the brokerage and research services provided, Vector may allow a brokerage commission in excess of that which another broker might have charged for effecting the same transaction. Vector will periodically evaluate the overall reasonableness of the brokerage commissions paid to broker-dealers with respect to Vector Fund transactions by, among other things, seeking to compare

such commissions with the commission rates being charged by other comparable broker-dealers. Vector will also periodically review the past performance of the broker-dealers with whom it has placed orders to execute Vector Fund transactions in light of the value of the services discussed above. Vector may aggregate certain purchases or sales of securities or loans in order to obtain a more favorable pricing arrangement based on volume.

As discussed in “Fees and Compensation,” Vector Team members who serve on the boards of directors of portfolio companies of a Vector Fund may receive cash compensation, options or restricted stock in their capacity as directors. Pursuant to the Governing Fund Documents, such fees and other benefits paid by portfolio companies will be applied to reduce the management fees otherwise payable by the Vector Funds, except for those fees received by Value Creation Team. Reference Item 5 – Fees and Compensation for additional disclosure.

Vector may retain third-party brokers, solicitors, or finders to identify potential investors for the Vector Funds. The fees and expenses payable to any such brokers, solicitors or finders will not be borne by the Investors of the Vector Fund but will instead be borne by Vector or the affiliate general partner, either directly or indirectly through an offset against the management fees, carried interest or otherwise.

Neither Vector nor its employees have been involved in any legal or disciplinary events in the past ten years that would be material to an Investor’s or a prospective Investor’s evaluation of Vector or its personnel.

Oversight and Monitoring. The investment portfolios of the Equity Funds are generally private, illiquid, and long-term in nature. Vector’s review of them is not directed toward a short-term decision to dispose of securities. However, Vector closely monitors the performance and operations of the portfolio companies of the Vector Funds and generally maintains an ongoing oversight position in such portfolio companies. In particular, one or more members of the Vector Team typically maintains board positions with each portfolio company, and the Vector Team meets regularly to discuss the historical and projected performance of the portfolio companies, as well as economic developments, industry outlook and other issues that might affect the portfolio companies. Credit Fund investment, include bank loans, financings, originations related credit, and existing positions are continually reviewed and analyzed by the investment team and investment committee for the Credit Funds. Reporting. Vector generally does not provide formal written reports to any Vector Funds. However, the Vector Funds typically provide quarterly and annual reports to all Investors in the Vector Funds in accordance with the terms of the applicable Governing Fund Documents. Vector Funds provide audited financial statements to Investors annually in compliance with Advisers Act Rule 206(4)-2. New Investors in Vector Funds are provided with a copy of this brochure before making an initial investment or commitment to a Vector Fund.

Pursuant to Rule 206(4)-2 under the Advisers Act (the “Custody Rule”), Vector is deemed to have custody of the funds or securities held by the Vector Funds, subject to certain exceptions set forth in the Custody Rule and related guidance, because affiliates of Vector serve as the General Partners of the Vector Funds. As Vector’s investment program involves investments in privately offered securities issued by private companies, Vector generally will be exempt from the requirement that securities be maintained with a “qualified custodian.” Vector anticipates that many of its investments will involve securities that are (i) acquired from the issuer in a transaction or chain of transactions not involving any public offering; (ii) uncertificated, and ownership thereof is recorded only on the books of the issuer or its transfer agent in the name of the client; and (iii) transferable only with prior consent of the issuer or holders of the issuer’s outstanding securities. To the extent that Vector holds any publicly traded securities or securities which are otherwise ineligible for an exemption from the qualified custodian requirement of the Custody Rule, Vector will maintain such securities with a qualified custodian in an account in the name of the applicable Vector Fund or in accounts that contain only funds and securities owned by the Vector Fund, under Vector’s name as agent or trustee for the Vector Fund. To maintain compliance with the Custody Rule, Vector will ensure that the Vector Funds are subject to an annual audit by an independent public accountant registered with, and subject to regular inspection by, the Public Company Accounting Oversight Board (“PCAOB”) and that the audited financial statements of each Vector Fund will be prepared in accordance with generally accepted accounting principles (“U.S. GAAP”) and distributed to Investors within 120 days of the end of each Vector Fund’s fiscal year. Investors should carefully review the audited financial statements of the Vector Funds upon receipt and should compare these statements to any account information provided by Vector. In lieu of a year-end audit, certain Vector Funds may undergo a surprise independent verification and rely on the “audit exemption” under the Advisers Act custody rule (i.e., Rule 206(4)-2(b)(4)). Investors in these Funds will receive account statements from the Vector Funds’ custodians. In those cases, the Investor should review the statement to ensure accuracy.

Pursuant to the Governing Fund Documents of each Vector Fund, Vector generally has discretionary authority to perform the day-to-day investment operations of the Vector Funds. Vector has full discretionary authority to purchase or sell investments for the Vector Funds, with certain limited exceptions for approval rights by its Investors for specific tax or regulatory considerations, as dictated by the Governing Fund Documents.

Vector has authority to vote public company equity and debt securities and other debt instruments (e.g., loans) held by Vector Funds, and therefore has adopted policies and procedures that it believes are reasonably designed to comply with the requirements of the Advisers Act. The proxy voting policies and procedures reflect Vector’s commitment to vote such instruments in a manner consistent with the best interests of the Vector Funds. Vector votes all proxies with the intent of maximizing the long-term economic value of the relevant Vector Funds’ holdings. Vector’s proxy voting policy is designed to prevent proxy voting decisions from being influenced in any manner that is contrary to, or dilutive of, this guiding principle. It is the general policy of Vector to vote or to give consent on all matters presented to security holders in any proxy, and its policies and procedures have been designed with that principle in mind. However, Vector Capital may abstain on any particular vote or otherwise withhold its vote or consent on any matter if, in the judgment of certain Vector Team members, the costs associated with voting such proxy outweigh the benefits to the applicable Vector Funds or if the circumstances make such an abstention or withholding otherwise advisable and in the best interest of the applicable Vector Funds. Vector’s Chief Compliance Officer is responsible for monitoring proxy decisions for any actual or perceived conflicts of interest. All proxy voting decisions require a mandatory conflicts of interest review by the Chief Compliance Officer, which includes consideration of whether Vector or any investment professional or other person recommending how to vote the proxy has an interest in how the proxy is voted that may present a conflict of interest. When the Chief Compliance Officer deems appropriate in his or her sole discretion, unaffiliated third parties may be used to help resolve conflicts. A copy of Vector’s written proxy voting policies and procedures, as well as a record of how Vector has voted in the past, will be maintained and available for review upon written request.

Vector does not require or solicit prepayment of advisory fees six months or more in advance. Vector does not have any financial condition that is reasonably likely to impair its ability to meet contractual commitments to Clients. Vector has not been the subject of a bankruptcy petition at any time.