Baird Capital Management Company LLC

Item 5.    Fees and Compensation

           As detailed below, the Adviser typically receives management fees and a performance-based fee in the form of carried interest in
connection with the provision of investment advisory services to the Funds. Generally, investors in a Fund are assessed management fees
quarterly in advance until the termination of the respective Fund. Installments of the management fee payable for any period other than a full
quarterly period are adjusted on a pro-rata basis according to the actual number of days in such period. If the investor has specified an account
at Baird, after the general partner gives notice of a capital call to the investor, Baird will deduct fees and other expenses from the investor’s
account on the date of the capital call. If the investor does not have an account at Baird, the general partner will notify the investor as to when
such capital call, inclusive of any fees and expenses, is payable via wire transfer. Refunds, if any, of pre-paid fees are credited by the Adviser
to the investor’s Baird account or paid via wire transfer. Investors in the Funds also bear certain Fund expenses as further described below.
Except for rare circumstances described in the applicable partnership agreement of each Fund or in an investor’s side letter, investors generally
are not permitted to withdraw or redeem interests in the Funds.

Baird Capital Management Company, LLC                                                                                                June 2026

          Management and Performance-Based Fees

          Baird Venture Partners VI - Commencing as of the effective date, and during the investment period of Baird Venture Partners
VI, the fund will pay an annual management fee equal to 2.0% of aggregate commitments. In addition, commencing with the 12-month
period beginning on the first management fee due date after the expiration of the investment period or earlier upon the occurrence of
certain events as set forth in the fund’s partnership agreement, and for each succeeding 12-month period, the management fee will be
reduced to 90% of the management fee for the immediately preceding 12-month period (calculated without giving effect to any reduction
in the management fee on account of fees received by a Baird Person, as defined in the funds’ partnership agreement); provided that,
commencing with the first management fee due date after the expiration of the fund’s initial 10-year term, the management fee will equal
2.0% per annum of the aggregate amount of investment contributions with respect to the portion of each investment that has not been
disposed of or completely written off for U.S. federal income tax purposes; provided further that investments in a portfolio company that
have been disposed of or completely written-off for U.S. federal income tax purposes will be treated as such only to the extent that, as of
the date of any such disposition or write-off, the aggregate value of all remaining fund investments in such portfolio company is less than
the fund’s aggregate investment contributions made with respect to all existing and former investments in such portfolio company.
         The management fee will commence as of the fund’s effective date, regardless of when a limited partner of a fund is admitted.
Limited partners will be assessed management fees retroactive to the effective date. The management fee will be paid out of current
income and disposition proceeds of the fund and, in the discretion of fund’s general partner, from drawdowns that will reduce unfunded
commitments.
         Unless otherwise approved by the advisory committee for the fund, the management fee payable in any quarterly period shall
be reduced by an amount equal to 100% of any Transaction Fee (as defined in the applicable fund’s partnership agreement) received by a
Management Person (as defined in the applicable fund’s partnership agreement) during the immediately preceding quarterly period.
           The fund’s general partner receives a performance-based fee in the form of carried interest from investors equal to 20% of
distributions that exceed the limited partners’ aggregate capital contributions.
           Global Funds I and II - Commencing on each fund’s respective effective date and during its investment period, the fund will
pay an annual management fee, payable quarterly in advance, equal to 2% of aggregate commitments held by limited partners not
designated as “exempt partners” by the general partner (as defined in each fund’s partnership agreement). In addition, commencing with
the first management fee due date after the expiration of the investment period or earlier upon the occurrence of certain events as set forth
in the partnership agreement, the management fee will equal 2% of (i) the aggregate investment contributions, less (ii) the aggregate
amount of investment contributions with respect to the portion of each investment that has been disposed of or completely written off for
U.S. federal income tax purposes, in each case with respect to limited partners not designated as “exempt partners”; provided that
investments in a portfolio company that have been disposed of or completely written off for U.S. federal income tax purposes will be
treated as such for this purpose only to the extent that, as of the date of any such disposition or write-off for U.S. federal income tax
purposes, the aggregate fair market value of all remaining fund investments in such portfolio company is less than such fund’s aggregate
investment contributions made with respect to such portfolio company.
         Pursuant to the terms of a negotiated side letter, an investor in Global Funds I & II pays a reduced annual management fee equal
to 1.5% as compared to a 2.0% annual management fee paid by all other limited partners of these funds. Computation of the reduced
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Item 7.     Types of Clients

           Baird Capital Management provides investment advice to the Funds, which are private investment funds. Private investment
funds are limited partnerships or other investment entities formed under domestic or foreign laws and operated as exempt investment
pools under the Investment Company Act of 1940, as amended (the “Investment Company Act”). The investors participating in private
investment funds may include individuals, banks or thrift institutions, other investment entities, pension and profit-sharing plans, trusts,
estates or charitable organizations or other corporations or business entities and may include, directly or indirectly, Principals or other
employees of the Funds’ general partners and affiliates. Except for the parallel managed funds created by the Funds’ general partners to
allow qualified Baird employees to invest, the minimum commitment of an investor who is an individual is $250,000 and the minimum
commitment of an institutional investor is $1 million, although investor commitments of lesser amounts may be accepted at the discretion
of the general partner.

          The Funds’ general partners may establish alternative investment vehicles from time to time in order to permit one or more
investors to participate in one or more particular investment opportunities in a manner desirable for tax, regulatory or other reasons.
Alternative investment vehicle sponsors generally have limited discretion to invest the assets of these vehicles independent of limitations
or other procedures set forth in the organizational documents of such vehicles and the related Fund.