Catchlight Capital Management LLC

Item 5: Fees and Compensation

Item 5.A.

CatchLight is compensated for its advisory services through a management fee (“management fee”) based
on each Limited Partner’s capital commitment during the Fund’s investment period and on the Limited
Partner’s invested capital after the investment period. Generally, the annual management fee due to the
Firm is 2.5%, except for SPVs, for which there is a 2% one-time fee. However, fees may be waived or
reduced at the Firm’s discretion. If the General Partner or related persons receive transaction, commitment,
break-up, advisory, syndication, guarantee, directors, officers, management or similar fees paid by a
portfolio company, future management fees will be reduced by an amount equal to such fees.

The management fee is calculated and paid in quarterly installments in advance, commencing as of the
Fund’s initial closing date and on the first of each quarter thereafter. Any payment covering less than a full
calendar quarter is prorated based on the actual number of days in such period. Details regarding
CatchLight’s management fees are set forth in each Fund’s relevant offering memorandum or limited
partnership agreement.

Additionally, the Firm receives performance-based compensation, in the form of carried interest. This is
generally 20% of net profits. Distributions of net cash proceeds attributable to the disposition of investments
in portfolio companies, as well as distributions of securities in kind, together with any dividends and interest
income received with respect to investments in portfolio companies, generally will be preliminarily
apportioned among the Partners participating in the applicable investment in proportion to their respective
participation in funding such investment. The amount apportioned to the General Partner generally will be
distributed to it. The amount apportioned to Limited Partners generally will be distributed as follows:

       First, all profits and losses shall be allocated, on a preliminary basis, among the Partners in
        proportion to their respective capital commitments; provided, however, that losses attributable to
        management fees shall be allocated solely to the Limited Partners in proportion to their respective
        capital commitments.
       Next, on a separate basis for each Limited Partner, profits and losses allocated to each Limited
        Partner shall be reallocated between the Limited Partner and the General Partner as follows.
            o First, losses attributable to management fees or other partnership expenses shall be
                 allocated solely to the Limited Partner.
            o Next, profits shall be allocated solely to such Limited Partner as necessary to offset in
                 reverse order of priority all un-offset losses previously allocated
            o Next, any remaining profits shall be reallocated:
                      First, to the Limited Partner and the General Partner as necessary to offset in
                          reverse order of priority all un-offset losses previously allocated
                      Next, 80% to such Limited Partner, and 20% to the General Partner.

Details regarding CatchLight’s performance-based compensation are set forth in each Fund’s relevant offering
memorandum or limited partnership agreement.

The General Partner offers and sell interests only to persons that are (i) “accredited investors”, as that term
is defined in Regulation D promulgated under the Securities Act of 1933, as amended, (ii) “qualified clients”,
as that term is defined under the Advisers Act, and for Fund III (iii) unless waived in the discretion of the
General Partner, “qualified purchasers”, as that term is defined under the Investment Company Act of 1940
(“Investment Company Act”), as amended.

Item 5.B.

Pursuant to the terms of each Fund’s limited partnership agreement, CatchLight is authorized to deduct
management fees on a quarterly basis. The management fee may be paid (i) from capital contributions of
Limited Partners, which will reduce such Limited Partners’ unpaid commitments, or (ii) from current income
or disposition proceeds of the Fund.

Item 5.C.

In addition to any management fees and performance-based compensation paid to the Firm, each Fund is
responsible for its own organizational, investment, and operating expenses (“Fund Expenses”). These Fund
Expenses may be paid directly by the Fund or may be reimbursed to the Firm or its affiliates for expenses
incurred on the Funds’ behalf. The General Partners will bear the economic burden of all placement agent
fees in connection with the formation of the Fund.

Fund Expenses and terms used herein are described more fully in each Fund’s governing documents, but
generally include, without limitation costs and expenses related to:(i) out-of-pocket expenses associated
with the organization of the General Partner or the partnership and the offering of interests therein; (ii)
management fees, as well as any out-of-pocket costs, expenses or losses incurred in generating (or in
seeking to generate) covered fees; (iii) insurance premiums covering the partnership, the General Partner,
indemnified persons and other general partner related persons related to the partnership's activities; (iv)
indemnification, litigation and investigation expenses and other extraordinary expenses; (v) out-of-pocket
costs of meetings of the Partners including reasonable travel and other out-of-pocket expenses incurred by
the General Partner in attending such meetings; (vi) costs and fees associated with banking, brokerage,
custodian, finders, depositary, administrator and similar services, as well as hedging against changes in the
value of partnership assets or liabilities or to protect the partnership against fluctuations in currency
exchange rates or interest rates; (vii) out-of-pocket expenses incurred in developing, evaluating, acquiring,
...

Item 7: Types of Clients

CatchLight provides investment advisory and management services to its affiliated Funds. The minimum
investment amount set forth in the governing documents for Fund I and Fund II is $250,000 and $100,000 for
Dandelion. Fund III and Plus AI do not have stated minimum investment amounts. The amounts may vary

depending on the terms set forth in each Fund’s offering memorandum and the discretion of management. The
General Partner also retains the right to waive the stated minimum investment amount.

CatchLight’s Funds rely on certain exclusions and exceptions from the definition of “investment company” in
the Investment Company Act. Accordingly, none of the Funds are registered as investment companies with
the SEC.

Investors in the CatchLight Funds generally may include high-net-worth individuals, including through their
investment advisers; family offices; and institutional investors, such as foundations, endowments, state
retirement systems, funds of funds and insurance companies. These investors qualify as “accredited investors,”
“qualified clients,” and, where required by the applicable exemption, “qualified purchasers” under the
Securities Act of 1933, the Advisers Act, and the Investment Company Act, respectively.