10T Holdings LLC

Item 5 - Fees and Compensation
Fee arrangements are described in detail in the constituent fund documents for each of the 10T
Private Funds and advisory agreements for the Sub-advised Funds. However, the below provides
an overview of the fees and compensation and expenses related to the 10T Private Funds and Sub-
advised Funds, as applicable.

10T Funds

As compensation for investment advisory services rendered to the Funds, 10T receives from each
Fund an annual management fee payable quarterly in advance. The quarterly management fee for
each Fund is equal to the aggregate capital commitments of all limited partners (other than the
affiliated limited partners) as of the first day of each such quarter multiplied by 0.50% (or 2.0% per
annum). Management Fees paid by a Fund may also be reduced by other fees or compensation
received by 10T as further described below. Each Fund’s limited partnership agreement includes a

more detailed description of the manner and calculation of management fees charged to the limited
partners of such Fund.

Certain investors in the Funds are managing principals, members, or employees of 10T (“Affiliated
Limited Partners”) and will not pay management fees or carried interest in connection with their
investment in each respective Fund. Notwithstanding the foregoing, the Affiliated Limited Partners
will pay for their pro rata share of certain Fund expenses.

The management fee otherwise payable by each Fund to 10T will generally be reduced by the
amount of any placement fees, finders fees or commissions paid or payable by each Fund, its general
partner, 10T or their affiliates in connection with the offer and sale of interests in such Fund.

In addition, while 10T does not currently anticipate receiving any cash or other compensation paid
as directors, consulting, management service, advisory, consultant, transaction, commitment,
breakup or broken deal fees or similar fees from portfolio companies of the Funds (“Other Fees”),
to the extent 10T or its affiliates do received Other Fees, the management fees paid by a Fund will
be reduced by the full amount of such Other Fees.

Additionally, the general partner of the Funds is entitled to receive a 20% carried interest on
distributions after limited partners receive aggregate distributions equal to 100% of such limited
partner’s aggregate capital contributions made to the respective Fund.

10T shall bear all normal operating expenses incurred in connection with the management of the
Funds, their general partner and the 10T, except for those expenses borne directly by the Funds as
noted below. Such normal operating expenses to be borne by 10T shall include, without limitation,
expenditures on account of salaries, wages, benefits, and other business expenses of employees and
agents of the 10T, overhead and rentals payable for space used by the 10T, office expenses and
expenses for equipment.

Each Fund shall bear all of their respective costs and expenses incurred in the investigation, holding,
purchase, sale or exchange of securities (whether or not ultimately consummated), including, but
not by way of limitation, private placement fees, finder’s fees, principal, interest, fees and expenses
in connection with money permitted to be borrowed, real property or personal property taxes on
investments, including documentary, recording, stamp and transfer taxes, brokerage fees or
commissions, legal fees, expenses incurred in connection with the investigation, prosecution or
defense of any claims by or against the Fund, including claims by or against a governmental
authority, audit and accounting fees, legal, accounting and consulting fees relating to investments
or proposed investments, taxes applicable to the Fund on account of its operations, fees incurred in
connection with the maintenance of bank or custodian accounts, all expenses incurred in connection
with the registration of the Fund’s securities under applicable securities laws or regulations, and
travel expenses incurred in managing and holding securities of the Fund. Each Fund shall also bear
expenses incurred by the 10T in investigating and evaluating investment opportunities whether or
not consummated (including but not limited to legal, accounting and consulting fees, and travel
expenses incurred in connection therewith), managing investments of the Fund, serving as the
partnership representative, the reasonable cost of liability and other premiums for insurance
protecting the Fund, the general partner, the managing principals and 10T and its employees from

liability to third parties, all out-of-pocket expenses of preparing and distributing reports to partners,
out-of-pocket costs associated with Fund meetings or limited partner advisory committee (“LP
Advisory Committee”) matters, out-of-pocket expenses associated with Fund communications with
partners, including preparation of annual or other reports to the limited partners, out-of-pocket costs
associated with Fund meetings, all legal and accounting fees relating to the Fund and its activities,
fees and expenses relating to outsourced finance, valuation, reporting, administration, accounting
and back-office services, all costs and expenses arising out of the Fund’s indemnification obligation
pursuant to its limited partnership agreement, and all expenses that are not normal operating
expenses.

The Funds shall bear all of their respective organizational costs, fees, and other expenses incurred
in connection with the formation and organization of the Funds, any related feeder entity and the
general partner, including, without limitation, legal and accounting fees, travel and expenses
incident thereto with such formation and organization. Further, the Funds shall, bear private
placement or finder’s fees and expenses related to such placement agents or finder arrangements
relating to the formation and organization of the Funds.
...

Item 7 - Types of Clients
10T and its affiliates provide investment advisory services to the 10T Private Funds and Sub-
advised Funds. The investors participating in the 10T Private Funds may include high net worth
individuals and a variety of institutional investors (e.g. trusts, employee benefit plans, endowments,
foundations, corporations, governmental entities, and other types of entities) and may include,
directly or indirectly, principals or other employees of 10T and its affiliates.

All investors are required to be “accredited investors” (as defined in Regulation D promulgated
under the Securities Act of 1933) or “qualified purchasers” (as defined in Section 2(a)(51)(A) of
the Investment Company Act of 1940) or otherwise be permitted to invest under applicable
securities laws. In certain circumstances, 10T may establish parallel fund structures to accommodate
accredited investors who did not meet the requirements of “qualified purchasers”.

10T, the general partner or manager of the applicable 10T Private Fund, without the approval of
another limited partner or member, may enter into side letters or similar written agreements with
limited partners or members that have the effect of establishing rights under, or altering or
supplementing the terms of, the applicable constituent fund documents with respect to the limited
partners or members who are parties to such side letters or similar written agreements, including
rights relating to greater portfolio transparency, management fee and/or carried interest waivers or
reductions, minimum investment amounts, reports and other information and other more favorable
investment terms. Any rights established, or any terms of the applicable constituent fund documents
of the applicable 10T Private Fund or supplemented in such side letters or similar written
agreements with a limited partner or member will govern with respect to such limited partner or
member notwithstanding any other provision of the applicable constituent fund documents of the
applicable 10T Private Fund.