Blockchain Capital LLC

Item 5 – Fees and Compensation

The exact amount, method of calculation and frequency of payment for the
management fee, performance fee and expenses payable by each Fund is set forth in
the relevant Fund’s Governing Documents.

Management & Performance Fees

Blockchain Capital, LLC                                      Form ADV Part 2A

Blockchain Capital will be paid an asset-based management fee by each Fund
ranging between 2% and 2.5% per annum, paid quarterly. The Funds also pay
Blockchain Capital, or its affiliates, a performance fee or carried interest ranging
between 20% and 25% as set forth in the relevant Fund’s Governing Documents and
discussed further in Item 6. Blockchain Capital, in its sole discretion, can waive or
reduce the management fee and performance fee with respect to certain Limited
Partners.

The management fee for any calendar quarter shall be reduced (but not below $0) by
the value (when awarded, and as determined by the General Partner) of any
compensation paid to the General Partner, or to any member or manager of the
General Partner (including any principal), as transaction, break-up, board, or consulting
fees by any entity in which the Partnership has an interest in the immediately preceding
calendar quarter.

If the value of any such compensation exceeds the management fee for any calendar
quarter (so that the management fee for that calendar quarter would be reduced to $0
by operation of the preceding sentence), then the management fees in subsequent
calendar quarters will be similarly reduced (in each case, not below $0), until the
aggregate amount by which the management fees have been reduced is equal to the
value (when awarded) of such compensation.

Offset Provision

As specified in the Governing Documents for certain Funds, the management fee
payable with respect to any fiscal quarter and in respect of a Fund investor will be
reduced (but not below zero) by the General Partners’ deemed contribution of certain
“cashless contributions” made with respect to the immediately preceding quarter.
Investors should consult the Governing Documents for the relevant Fund for details.

Expenses

The Funds shall bear all of their organizational and syndication costs, placement and
other fees, and expenses incurred by or on behalf of the General Partner or the Funds
in connection with the formation and organization of the Funds, including legal,
accounting, and any other fees or expenses incident thereto, provided that, such
expenses do not exceed the expense cap identified in the legal documents of each
Fund.

In addition to any management fee payable as described above and as specified in the
respective Fund’s Governing Documents, a Fund shall bear all costs and expenses
incurred in connection with carrying on the business of such Fund, including but not
limited to: (i) all out-of-pocket fees, costs, and expenses (including legal, accounting,
and other professional fees) directly related to the negotiation, consummation, making,
management, valuation, holding, and disposition of Portfolio Investments; (ii) all out-of-
pocket expenses directly related to the purchase or sale of proposed Portfolio
Investments that are not consummated; (iii) all administrative expenses of the Fund

Blockchain Capital, LLC                                      Form ADV Part 2A

such as the costs of the annual audit and the preparation and distribution of official,
tax, and other reports to investors and other legal and accounting expenses; (iv)
expenses relating to meetings of investors; (v) reasonable out-of-pocket expenses
incurred by the advisory committee and its members; (vi) insurance, indemnification,
or litigation expenses; (vii) any taxes, fees or other governmental charges levied
against the Fund (except those properly allocable to one or more Partners); (viii)
expenses of liquidating the Fund; (ix) expenses incurred by the tax matters partner and
the Fund’s representatives; and (x) any other expenses incurred by the General Partner
or any of its affiliates for or on behalf of the Fund.

Item 7 – Types of Clients

Blockchain Capital’s Clients include pooled investment vehicles. Investors in the
pooled investment vehicles include high-net worth individuals, family offices, trusts,
endowments, foundations, fund of funds, and pension funds.