Bitkraft Ventures Management LLC

Item 5.      Fees and Compensation
BITKRAFT Esports Ventures Fund I, L.P., BITKRAFT Ventures Fund II, L.P. and BITKRAFT
Ventures Fund III L.P.:

BITKRAFT Esports Ventures Fund I, L.P., BITKRAFT Ventures Fund II, L.P. and BITKRAFT
Ventures Fund III, L.P., are collectively in this brochure referred to as the “Venture Funds”. For
providing services to Venture Funds, BITKRAFT receives a management fee of 2.25% per annum,
calculated on the sum of the capital commitments of all of the Limited Partners as of the first day of each
fiscal quarter; provided, however, that some of the limited partners in BITKRAFT Ventures Fund III,
L.P. pay between 1.75% and 2% per annum until the fourth anniversary of the Initial Contribution Date.
The management fee shall be payable in advance in equal quarterly installments. For any partial quarters,
the management fee is prorated based in the number of days in such quarter.

Beginning with the first full quarter, following the fifth anniversary of the Initial Contribution Date, the
management fee percentage shall decrease by 0.25% per year (i.e., annual management fee of 2.25% of
the capital commitments to 2.0%, 1.75%, and so on) but will not be reduced below 1.5%.

Distributions to investors in the Venture Funds are also subject to carried interest (after return of capital)
payable to BITKRAFT, and/or its affiliates. (see also Item 6-Performance-Based Fees and Side-By-Side
Management).

Pursuant to agreements previously entered into between the Adviser and each Anchor Limited Partner
(“ALP”), the Venture Funds shall receive reduced management fees with respect to each ALP’s interest
in and contributions to the Partnership (such foregone amount in respect of all ALP shall be referred to
as the “ALP Fee Savings”).

BITKRAFT Ventures Opportunity Fund I, L.P.:

For providing services to the BITKRAFT Ventures Opportunity Fund I, L.P (“Opportunity Fund”),
BITKRAFT receives a management fee for each of the Partnership’s Fiscal Quarters (or portions
thereof), commencing on the Initial Contribution Date. The management fee shall be an amount equal to
0.30% of the product of (i) the Limited Partner Percentage and (ii) the cost basis of Portfolio Securities
that have not been sold for cash or sold for Marketable Securities that have been distributed, distributed
in kind to the Partners, or written off for federal income tax purposes by the Partnership as of the first
day of each such Fiscal Quarter (subject to reduction as a result of the ALP Fee Savings).

Distributions to investors in the Opportunity Fund are also subject to carried interest (after return of
capital) payable to BITKRAFT, and/or its affiliates. (see also Item 6-Performance-Based Fees and Side-
By-Side Management).

BITKRAFT Ventures Token Fund I, L.P. and BITKRAFT Ventures Token Fund II, L.P.

For providing services to the BITKRAFT Ventures Token Fund I, L.P and BITKRAFT Ventures Token
Fund II, L.P. (“Token Funds”), BITKRAFT receives a management fee for each of the Partnership’s

Fiscal Quarters (or portions thereof), commencing on the Initial Contribution Date. The management fee
shall be an amount equal to 0.625% of the sum of the Capital Commitments from all of the Limited
Partners (subject to reduction as a result of the ALP Fee Savings) as of the first day of each such Fiscal
Quarter (or portion thereof). Beginning with the first full Fiscal Quarter following the fifth anniversary of
the Initial Contribution Date, the annual management fee percentage shall be reduced by 0.25% per year
(i.e., the annual management fee percentage shall decrease from 2.50% of the Capital Commitments of
all Limited Partners to 2.25%, to 2.00%, and so on) but shall not be reduced below 1.50% (subject to
reduction as a result of the ALP Fee Savings).

Distributions to investors in the Token Funds are also subject to carried interest (after return of capital)
payable to BITKRAFT, and/or its affiliates. (see also Item 6-Performance-Based Fees and Side-By-Side
Management).

Expenses of the Funds

Investors in each Fund, by virtue of their investment therein, generally bear all expenses related to the
organization of, and the offering and sale of interests in, such Fund (which may include, without
limitation, legal fees, accounting fees and various filing fees) as well as all expenses related to such
BITKRAFT Fund’s investment activities and ongoing operations (which may include without limitation,
diligence costs related to the identification of potential investments (whether or not such investments are
consummated)), legal (including diligence, drafting, and negotiation expenses), custody fees, accounting
and tax preparation fees, consulting fees, travel and other costs and expenses incurred in connection with
the acquisition, management or disposition of investments, insurance costs and litigation and marketing
and publicity and other extraordinary expenses. Notwithstanding the foregoing, investors in each
BITKRAFT Fund generally do not bear the costs of compensation of BITKRAFT’s personnel and
certain other general overhead expenses of BITKRAFT. A more specific description of the types of fees
and expenses borne by a BITKRAFT Fund may be found in the offering and governing documents of
the applicable BITKRAFT Fund.

Investors and prospective investors in any BITKRAFT Fund should review the offering and governing
documents for such BITKRAFT Fund carefully before investing.

Item 7.        Types of Clients

BITKRAFT provides investment management services only to pooled investment vehicles. BITKRAFT
may, in the future, provide investment advice to other funds (i.e., investment partnerships or other
investment entities formed under domestic or foreign laws and operated as private funds exempted from
the definition of investment company under the Investment Company Act of 1940, as amended).
BITKRAFT’s current and prospective investors typically include individuals, banks or thrift institutions,
other investment entities or other corporations or business entities and generally include, directly or
indirectly, principals or other employees of BITKRAFT. BITKRAFT Funds are offered exclusively to
“accredited investors” (as defined in Regulation D under the Securities Act of 1933) and “qualified
purchasers” (as defined in Section 2(a)(51) of the Investment Company Act of 1940) or qualified
knowledgeable BITKRAFT personnel. Prospective investors or advisory clients may be required to meet
additional suitability requirements, and minimum investment commitments are generally established for
investors. However, BITKRAFT has discretion to permit investments below the minimum amounts set
forth in the offering documents of the respective and prospective funds.

Item 8.      Method of Analysis, Investment Strategies and Risk of Loss

BITKRAFT’s investment strategy focuses on identifying strong operating businesses in the gaming,
esports, and interactive media industries with a strong prospect for growth.

BITKRAFT Esports Ventures Fund I, L.P., BITKRAFT Ventures Fund II, L.P. and BITKRAFT
Ventures Fund III, L.P.

The Venture Funds, target investment opportunities in Seed Round and Series A startup companies. The
Venture Funds seek early-stage exposure in companies focused on content, interactive platforms,
horizontal technologies, and applied game mechanics. BITKRAFT implements a rigorous due diligence
process that leverages industry relationships and a portfolio of existing founders that serve as a strategic
advantage. Founders of BITKRAFT’s portfolio companies are serial entrepreneurs with a proven track
record. BITKRAFT evaluates potential investments in companies with a unique moat and promising key
performance indicators in growing markets. Furthermore, upon investment, BITKRAFT implements an
active involvement approach in the advisory capacity, where they serve as true value-add partners.

BITKRAFT Ventures Opportunity Fund I, L.P.

The Opportunity Fund targets investment opportunities in follow-on investments sourced from the
Venture Funds and other Series B, Series C or later-stage companies. The Opportunity Fund seeks to
supplement the Venture Funds and provide increased exposure in companies as they enter the Series B
and Series C rounds. The Opportunity Fund will only invest in the portfolio company when the pro rata
or allocation opportunity is larger than what is appropriate in the Venture Funds or the Venture Funds
are not able to invest because they have no more capital. Additionally, the Opportunity Fund will also
target very selective later stage opportunities in gaming, esports, and interactive media.

BITKRAFT Ventures Token Fund I, L.P. and BITKRAFT Ventures Token Fund II, L.P.

The Token Funds target (a) investments in cryptocurrencies, decentralized application tokens, app coins,
protocol tokens, non-fungible tokens and other similar digital and crypto-finance instruments and assets,
the ownership or transmission of which is recorded or verified by a distributed ledger (including a
“blockchain” or directed acyclic graph) or other similar technology, and securities and instruments that
are related to, derived from or convertible into or exchangeable for such assets or that represent interests
in pools of such assets (“Digital Assets”) and securities of companies that operate in the blockchain,
distributed ledger or similar technology industries, (b) investing in similar interests that are related to or
derived from Digital Assets or that represent interests in pools of Digital Assets and (c) investing in and
holding equity and equity-oriented securities of privately held companies that issue, or have businesses
related to, Digital Assets. The Token Funds will invest in privately held, early-stage companies in the
interactive media sector, including in particular the video game, blockchain and “Esports” industries.
Such companies typically have little or no revenues and are not profitable. They require considerable
additional capital to develop technologies and markets, acquire customers and achieve or maintain a
competitive position.

GENERAL RISK FACTORS

Overall Investment Risk. All securities investments risk the loss of capital and there can be no
assurance that the Funds will not incur losses (or that investors therein will not lose some or all of their
invested capital). Additionally, as explained more fully in each Fund’s offering documents, the
investment program of each Fund involves a substantial degree of risk.

Dependence on Key Personnel. The success of the Funds’ investment activities depends upon the
experience and expertise of BITKRAFT personnel. Investors will have no right or power to participate
in the management of a Fund. Accordingly, no investor should purchase any interest in a Fund unless it
is willing to entrust all aspects of management of such Fund to BITKRAFT. Investors will be relying on
the management expertise of BITKRAFT in identifying, acquiring, administering and disposing of
investments by a Fund. In addition, if for any reason any of BITKRAFT’s principals should cease to be
involved in the management of a Fund, suitable replacements may be difficult to obtain, with the result
that the performance of a Fund may be adversely affected. The loss of one or more of BITKRAFT’s
Managing Members or other senior investment professionals could adversely affect the Funds’ ability
to source, evaluate or manage investments.
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