Amity Ventures LLC

Item 5: Fees and Compensation

A. Fee Schedule

Subject to the terms and conditions of each Fund’s Governing Documents, AVL typically
charges its venture capital funds a management fee at an annual rate equal to two and
one-half percent (2.50%) multiplied by the Base Amount for each Fiscal Year. The “Base
Amount” shall be equal to the total Capital Commitments of all Partners. Any increase in
the Base Amount resulting from an increase in total Capital Commitments shall result in
an increase in the Management Fee effective as of the Initial Closing Date.
Notwithstanding the foregoing, commencing on the first day of the fiscal quarter
following the termination off the Commitment period, the annual percentage used above
shall be reduced by one-quarter of one percent (0.25%) for each year following such
termination; provided that in no event shall such percentage by less than one and one-
half percent (1.50%).

AVL typically charges its cryptocurrency funds two percent (2%) annually of Net Asset
Value.

Fees and other compensation paid by a Fund to the Adviser may vary from Fund to
Fund, may be different from the fees and compensation payable in respect of any
successor fund, and could potentially vary among investors in the same Fund. Investors
should carefully review the Governing Documents of the relevant Fund in conjunction
with this Brochure for complete information about fees and compensation. Similar
advisory services may be available from other investment advisers for similar or lower
fees. The Management Fees and other fees and distributions described herein may be
subject to modification, waiver or reduction by AVL in its sole discretion, both
voluntarily and on a negotiated basis with selected investors via side letter and other
arrangements, which may not be disclosed to all other investors in the same Fund. The
fee structures described herein may be modified from time to time.

Management fees are initially derived from either capital commitments assigned to the
Limited Partners in a Fund or on the basis of net asset value. A Fund’s investment
period, specified within Governing Documents, is the limited period in which a Fund is
permitted to enter into new investments.

B. Payment of Fees

Payments of the Management Fee shall be calculated and made quarterly in advance on
the Initial Closing Date and on the first day of each January, April, July and October

       during the term of the Partnership in an amount equal to twenty-five percent (25%) of
       the annual Management Fee. If the Initial Closing Date is not the first day of such a
       calendar quarter, however, the Partnership’s first payment shall be for the pro rata amount
       due from the Initial Closing Date until the beginning of the next calendar quarter.

       C. Client Responsibility For Third Party Fees

       Clients of the Adviser will bear certain other fees, expenses and costs as detailed in the
       applicable Fund’s Governing Documents (aside from the management fees and
       performance-based compensation discussed above and below) which are incidental or
       related to the organization and maintenance of a Fund or the buying, selling and holding
       of investments. Please see Item 12 of this brochure regarding broker-dealer/custodian.
       Fund expenses will generally be allocated to limited partners pro rata in proportion to the
       respective interests in the Fund or in such other manner that the general partner deems to
       be appropriate under the circumstances.

       D. Prepayment of Fees

       AVL collects its fees in arrears and in advance. The client shall be responsible for advisory
       fees up to and including the effective date of termination. From the effective date of
       termination, the Adviser shall refund any unearned, prepaid fees from the date of
       termination to the end of the quarter.

       E. Outside Compensation For the Sale of Securities to Clients

       Neither AVL nor its supervised persons accept any compensation for the sale of
       investment products, including asset-based sales charges or service fees from the sale of
       mutual funds.

Item 7: Types of Clients

AVL generally provides advisory services to Pooled Investment Vehicles. Investment advice is
provided directly to the Funds and not individually to investors in such Funds.

There is no account minimum for any of AVL’s services.