ADIT Ventures Management LLC

Item 5: Fees and Compensation

The fees applicable to each of the Funds are set forth in detail in the corresponding Fund Documents.
A brief summary of such fees is provided below.

Compensation of Adit

Management Fees

The percentage of the management fee payable by a Fund to Adit depends on the particular terms of
the relevant Fund Documents. With respect to each Investor in the Funds, the Funds pay Adit (or any
other person or entity designated by Adit) a management fee, in advance during the term of the relevant
Fund, in an amount ranging from 1% to 2% (depending on the Fund) per annum, of the capital
contribution of each Investor (the “Management Fee”). Effective as of calendar year 2024, the
Management Fee for the Funds is payable on a quarterly basis. No Management Fee with respect to a
Fund accrues or is payable during any extension of the term of the Fund.

Upon termination of a Fund any prepaid, unearned fees will be promptly refunded, and any earned,
unpaid fees will be due and payable.

The Firm or the relevant Manager, each in its sole discretion, may waive or modify the Management
Fee for related party Investors, relatives of such persons and certain other Investors.

The Management Fee is paid out of each Investor’s capital contributions and will not be invoiced
separately to the Investors. Adit deducts the management fee from the Funds’ assets.

Carried Interest

Adit Ventures Management, LLC                                      Form ADV Part 2A Brochure

Distributions of net proceeds (cash or securities) are made to the Investors, generally upon an exit event
involving a Target Company. Such net proceeds are distributed between the Investors and the relevant
Manager in the following general order of priority:

    (i) first, 100% to the Investors pro rata based on the Target Company percentage until such time
        as such Investors have received (A) distributions equal to eight percent (8%) of such capital
        contributions with respect to the relevant Target Company and (B) distributions equal to their
        capital contributions with respect to such Target Company;
    (ii) next, 100% to the Manager until the Manager has received 20% or 10%, depending on the Class
         of Investors and the Fund, of the amounts distributed or to be distributed in clause (i)(A) and
         this clause (ii);
    (iii) thereafter, depending on the Class of Investors and the Fund, between 80% or 90% to the
          Investors, and 20% or 10% to the Manager.

The distributions to the relevant Manager described in (ii) and (iii) are referred to herein as the “Carried
Interest”. In the sole discretion of the relevant Manager, Carried Interest may be waived with respect
to the interests owned by certain Investors.

In addition, the Carried Interests distributions are subject to a clawback as set forth in the relevant Fund
Documents.

Fund Expenses

The Funds assume or reimburse the Managers and/or Adit for all expenses of the Funds set forth in the
relevant Fund Documents, including those expenses that relate to the formation and organization of the
Funds and the relevant Manager, or those transaction expenses that are incurred in the purchase,
holding, sale, exchange or other disposition of investments, or those expenses that are legal, accounting,
audit, administrative, custodial, consulting and other professional fees (collectively, “Fund
Expenses”). The Fund Expenses are often capped at a certain percentage, generally 1%, of capital
contributions to the Fund. In general, each Investor in a Fund bears its proportionate share of the Fund
Expenses. Adit typically pays, or reimburses the Fund for, Fund Expenses overages in excess of the
cap.

Periodically, the Funds incur brokerage, finders and similar fees or commissions to, directly or
indirectly, obtain securities of selected target investments. See Item 12 of this Brochure.

Item 7: Types of Clients

Adit’s clients are the Funds, as described in Item 4 above. The Funds are generally open to, among
others, institutions, family offices, high net-worth individuals, financially sophisticated individuals, and
other sophisticated investors. Such investors are required to meet applicable eligibility requirements as
provided in the relevant Fund Documents.

The minimum initial investment in a Fund generally ranges from U.S. $500,000 to $1,000,000
depending on the Fund, subject to the discretion of the Manager to accept lesser amounts.

As discussed in Item 4, certain of the Funds are diversified funds which hold several investments
selected by Adit, whereas other Funds are formed as “special purpose vehicles” to hold investments in
one single underlying company or, in certain situations, may have a related group of underlying
company investments.