Alignment Growth Management LLC

Item 5 - Fees and Compensation
Alignment Growth is generally compensated for its advisory services to a Fund through a
management fee based on a percentage of assets under management, and through performance-
based amounts in accordance with each such Fund’s Governing Documents. Fund investors should
refer to the relevant Governing Documents for a complete description of the applicable fees,
compensation, and expenses.

Management Fees

Alignment Growth receives a management fee (“Management Fee”) as compensation for the
investment advisory and management services provided to a Fund. Management Fees are calculated
and paid quarterly, in advance, beginning on the Fund’s initial closing date and concluding on the
date of the final distribution of the Fund’s assets. Management Fees for any partial periods will be
pro-rated and any prepaid Management Fees not subsequently earned through the provision of
services will be refunded.

The Management Fee for a Fund is specified in the Fund’s applicable Governing Documents and
varies depending on the investment strategy of the particular Fund and the stage of the Fund in its
life cycle. From a Fund’s Activation Date, as defined in the Fund’s Governing Documents, through
the end of the quarter in which a specified anniversary of the Activation Date occurs Alignment
Growth’s Management Fee rate is generally 2.00% per annum. In some instances, a Fund’s
Management Fee rate is subject to a reduction thereafter based on the occurrence of certain events
specified in the Governing Documents. The basis to which the Management Fee rate is applied may
vary over the life of a Fund. From a Fund’s Activation Date through the end of its Investment Period,
as defined in the Fund’s Governing Documents, the fee rate is generally applied to committed
capital. From the end of a Fund’s Investment Period through the date of the final distribution of the
Fund’s assets, the fee rate is generally applied to unreturned invested capital.

The Management Fees may be offset in part or in whole by certain fees and expenses incurred by
the Fund as defined in the Fund’s Governing Documents. Alignment Growth may also elect, in its
sole discretion, to waive or reduce Management Fees payable by any investor in whole or in part.

Carried Interest

After the Fund’s limited partners have received 100% of their invested capital back plus a specified
rate of return, Alignment Growth is entitled to receive a carried interest allocation of 20%, generally
in the form of an allocation of profits interest, representing a share of the net profits realized on a
Fund’s investments (“Carried Interest”).

Alignment Growth may elect, in its sole discretion, to waive or reduce, in whole or in part, the
Carried Interest payable with respect to any or all investors.

Organizational Expenses

Subject to a limit defined in a Fund’s Governing Documents, the Fund will generally pay or
reimburse Alignment Growth, as applicable, for the expenses relating to the organization of the GP,
the Fund, and the offering and sale of interests therein, but not including any placement fees
(collectively, “Organizational Expenses”). Organizational Expenses in excess of the defined limit
(“Excess Organizational Expenses”), if paid by the Fund, would be offset against Management Fees.

Operating Expenses

Subject to any expense limitation set forth in the applicable Governing Documents, each Fund
generally will bear all expenses of its organization and operation. Such organization and operational
expenses that a Fund will bear varies, but are described in each Fund’s respective Governing
Documents, and generally include but are not limited to: (i) activities with respect to origination
and sourcing of investment opportunities for the Fund; (ii) activities with respect to the structuring,
organizing, negotiating, consummating, financing, refinancing, diligencing, acquiring, bidding on,
owning, managing, monitoring, operating, holding, hedging, restructuring, trading, taking public or
private, selling, valuing, winding up, liquidating, dissolving or otherwise disposing of, as
applicable, the Fund’s portfolio companies and its actual and potential investments (including
follow-on investments) or seeking to do any of the foregoing, and any fees and expenses related to
transactions that may have been offered to co-investors, whether or not any contemplated
transaction or project is consummated; (iii) indebtedness of, or guarantees made by, the Fund,
AGM, the GP or any “affiliated partner” on behalf of the Fund, including repayment of principal
and interest with respect thereto, or seeking to put in place any such indebtedness or guarantee; (iv)
financing, commitment, origination and similar fees and expenses; (v) broker, dealer, finder,
underwriting, loan administration, private placement fees, sales commissions, investment banker
fees and similar fees and expenses; (vi) brokerage, sale, custodial, depositary, trustee, record
keeping, account and similar services; (vii) legal, accounting, research, auditing, administration,
anti-money laundering and know-your-customer compliance and administration, information,
appraisal, advisory, valuation (including third-party valuations, appraisals or pricing services),
consulting, custody, environmental evaluation, safekeeping, proxy voting, management, business,

tax and other professional services, as well as recruiting fees, background checks and relocation
expenses related to consultants and portfolio company personnel; (viii) reverse breakup, termination
and other similar fees; (ix) reasonable directors and officers liability, errors and omissions liability,
crime coverage and general partnership liability premiums and other insurance and regulatory
expenses, including any costs and expenses relating to any retention or deductibles; (x) filing, title,
transfer, registration and other similar fees and expenses; (xi) printing, communications, marketing
...

Item 7 - Types of Clients
Alignment Growth currently serves as investment manager to AGF I. In the future, Alignment
Growth will provide investment advice to other Funds. Investment advice is provided to the Funds
and not individually to Fund investors.

Alignment Growth generally requires Fund investors to make a minimum capital commitment of at
least $3 million, although the capital commitment thresholds may be waived or modified by
Alignment Growth in its sole discretion.