9Yards Capital Management LP

ITEM 5: FEES AND COMPENSATION

9Yards is compensated in connection with providing advisory services to its Funds as described
below, and as described in more detail in the offering documents which are provided to
prospective investors.
9Yards may enter into different fee arrangements on a client-by-client basis, at its sole discretion.
The information contained herein is a summary only and is qualified in its entirety by the
applicable Fund’s limited partnership agreements, limited liability company agreements,
investment management agreements, side letters, and subscription documents (together, the
“Governing Documents”). Investors and prospective investors are advised that they should

consult with their own legal, financial, tax and other advisers when making any investment
decision.

9Yards or its affiliates generally receive: (i) a Management Fee and Carried Interest (each as
defined below) from a Fund that is a pooled investment vehicle; and (ii) a Carried Interest from
a Fund that is a special purpose vehicle. Additionally, consistent with the Governing Documents,
each Fund typically bears certain out-of-pocket expenses incurred by 9Yards in connection with
the services provided to the Fund and/or the Portfolio Companies.

Management Fee

The management fee (“Management Fee”) received is based on committed or invested capital
in accordance with the terms of the Governing Documents of the relevant Fund. For Funds
that are not special purpose vehicles, the Adviser’s current Management Fee is typically up to
2% of capital committed per annum to the relevant Fund during the investment period and up
to 2% per annum of invested capital remaining following the investment period, depending, in
particular, on market terms, the strategy of the relevant Fund, the amount of assets under
management with the Fund and the point in time in the life cycle of the relevant Fund. Funds
that are special purpose vehicles occasionally charge a Management Fee, most often a one-time
fee based on a percentage of committed capital. The precise amount of, and the manner and
calculation of, the Management Fee for each Fund are established by the Adviser and are set
forth in such Fund’s Governing Documents. The Management Fee is be paid quarterly, in
advance, and deducted directly from the relevant Fund’s account. Some investors, most often
the Adviser and its affiliates, do not bear a Management Fee.
Carried Interest
Each Fund’s General Partner typically receives carried interest (“Carried Interest”) from the
relevant Fund. Carried Interest may be subject to hurdles and/or claw-backs, depending on,
among other things, the strategy of the relevant Funds and market returns. For additional
information, please refer to the specific Governing Documents for each Fund, which contains
detailed provisions governing the distribution of Carried Interest. Some investors, most often
the Adviser and its affiliates, do not bear Carried Interest.

9Yards and General Partners’ Expenses

Consistent with the Governing Documents of each Fund, each of the Adviser and the applicable
General Partner bears its own expenses, including general overhead and administrative expenses
not otherwise assumed by the Fund or paid for through the permitted use of commission dollars.

Fund Expenses

Consistent with a Fund’s Governing Documents, that Fund bears its own expenses, including
certain organizational expenses and certain operating expenses. Occasionally, certain expenses
(generally, organizational expenses) in excess of a maximum amount will either be borne by the
relevant Fund’s General Partner or by the Adviser.

ITEM 7: TYPES OF CLIENTS

9Yards currently provides investment advisory services solely to the Funds, as described in Item
4 above. Investment advice is provided directly to the Funds (subject to the direction and control
of the General Partner of each such Fund, if applicable) and not individually to investors in such
Funds.
The Funds have specified minimum initial investment amounts as set forth in their Offering
Documents