Arrowroot Capital Management LLC

Item 5 - Fees and Compensation

Compensation and Fee Schedules

All Investors should review the Governing Documents for each Advisory Client in conjunction
with this Brochure for more complete information on the fees and compensation payable with
respect to a particular Advisory Client.

Other than Fund I and Fund II, Arrowroot is generally compensated from the Arrowroot Funds for
its advisory services through an annual management fee of 2% of the aggregate capital
commitments or invested capital (depending on the particular Arrowroot Fund), which is payable
quarterly in advance. In the case of Fund III, Fund IV and Fund V, after the investment period has
concluded, its annual management fee is based on invested capital with respect to investments that
have not been disposed of or permanently written-down.

In the case of the Arrowroot SPVs, the one-time management fee is generally payable on the initial
contribution date and ranges from 1% to 3% of committed capital (and in, certain SPVs, such
committed capital excludes the non-affiliated partners’ percentage of committed capital).

In addition, in the case of the Arrowroot Funds, Advisory Affiliates receive performance-based
profit distributions (commonly referred to as “Carried Interest”) in each of the Arrowroot Funds
once all capital contributions have been returned to the Investors in the respective Arrowroot Fund
(pursuant to the terms in their respective Governing Documents). In general, an Arrowroot Fund
distributes 20% of its net profits to the applicable Advisory Affiliate. With respect to certain
Advisory Clients, a hurdle rate and/or other factors apply to the calculation of the Carried Interest
(as detailed in the Governing Documents). The Arrowroot SPVs have similar performance-based
fees that distributes a range of 5% to 25% of net profits to the applicable Advisory Affiliate.

In certain circumstances, the advisory fees payable to Arrowroot by Investors may be negotiable.

Deduction of Fees

Arrowroot is authorized under the Governing Documents to charge and deduct advisory fees
directly from the assets of the Advisory Clients, at the times and in the amounts described above.
Investors do not have the ability to choose to be billed directly for management fees.

Other Fees and Expenses

In addition to the fees noted above, the Advisory Clients will pay (or reimburse Arrowroot) for, all
other costs, expenses, liabilities and obligations (referred to collectively in this definition as
“costs”) relating to the Advisory Client and/or its subsidiaries’ and intermediate entities’ activities,
business, alternative investment vehicles, Portfolio Companies or actual or potential investments
(to the extent not borne or reimbursed by a Portfolio Company or potential Portfolio Company),
including all costs relating or attributable to: (i) activities with respect to the sourcing, identifying,
pursuing, structuring, organizing, negotiating, consummating, financing, refinancing, diligencing,
acquiring, bidding on, owning, managing, monitoring, operating, holding, hedging, restructuring,
recapitalizing trading, taking public or private, selling, valuing, winding up, liquidating, dissolving
or otherwise disposing of, as applicable, the Advisory Clients Portfolio Companies and its actual
and potential investments (including follow-on investments) or seeking to do any of the foregoing
(including any associated legal, financing, commitment, transaction or other costs payable to
attorneys, accountants, tax professionals, investment bankers, lenders, expert networks, third-party

diligence, software and service providers, consultants and similar professionals in connection
therewith and any costs related to transactions that were offered to co-investors), whether or not
any contemplated transaction or project is consummated and whether or not such activities are
successful; (ii) indebtedness of, or guarantees made by, the Advisory Client, Arrowroot or any
“affiliated partner” on behalf of the Advisory Client (including any credit facility, letter of credit
or similar credit support or any indebtedness entered into pending participation by a co-investor in
an investment), including the repayment of principal and interest with respect thereto, or evaluating,
negotiating or conducting any other activities related to seeking to put in place or amend any such
indebtedness or guarantee; (iii) financing, commitment, origination and similar fees and expenses;
(iv) broker, dealer, finder, underwriting (including both commissions and discounts), loan
administration, private placement fees, sales commissions, investment banker, finder and similar
services (including buy- and sell-side finders’ fees as well as similar deal sourcing payments); (v)
brokerage, sale, custodial, depository, local paying agent, trustee, record keeping, account,
registered office and similar services (including any depositary appointed pursuant to the AIFMD
and any Swiss representative or paying agent appointed pursuant to the Swiss Collective Investment
Schemes Act (as amended), including any law, rule or regulation relating to the implementation
thereof); (vi) reporting, filings and other ongoing compliance requirements contemplated by
AIFMD or any similar law, rule or regulation (other than the initial and/or preliminary registrations,
filings and compliance obligations related thereto), including secondary legislation, regulations,
rules and/or associated guidance, and any related requirements; (vii) legal, accounting, research
(including expert consultants, research reports, subscriptions to any periodicals, databases and/or
research services, research calls and meetings and research or industry conferences), auditing,
technology, administration (including costs associated with the Advisory Clients’ third-party
administrator and administration, tracking or reporting software, if any), information, appraisal,
...

Types of Clients

Arrowroot provides advice to pooled investment vehicles, including the Advisory Clients.

Minimum Investment Requirements

With respect to the Arrowroot Funds, any initial and additional subscription minimums are
disclosed in the relevant Governing Documents. With respect to the Arrowroot SPVs, Arrowroot
determines the minimum investment amounts on a case-by-case basis with each Arrowroot SPV.
In general, such Arrowroot SPVs involve significant minimum investments.