City Capital Ventures LLC

Item 5. Fees and Compensation

Private Fund(s)

Each Portfolio Company will pay an annual management fee to UEQ. UEQ receives a
management fee generally equal to 4%-5% of the underlying operating company’s EBITDA, in
many cases subject to minimum annual dollar floors and maximum annual dollar caps. UEQ
does not charge its Investors or Private Funds any assets under management fees, with the
exception of Wasatch Safe & Security Partners, LLC. For this Private Fund, UEQ receives an
administrative fee equal to 0.75% of the assets under management per annum, payable in equal
quarterly installments. Management fees are generally billed quarterly, in advance, by UEQ
directly to the Portfolio Companies (and not to the Private Funds). These management fees are
negotiated between UEQ and the Portfolio Companies.

Each General Partner of the Private Funds is entitled to receive a performance-based distribution
(see Item 6 below for additional information on such distribution).

Other Fees and Expenses

In addition to the advisory fees and performance-based fees payable to UEQ (where applicable),
UEQ will incur certain charges imposed by third parties, including (but not limited to) organizational
expenses, and expenses attributable to legal, consulting, custodial, auditing and accounting services
provided to the Private Funds (including, without limitation, expenses associated with the
preparation of Private Fund financial statements, tax returns and Schedule K-1s). The Portfolio
Companies reimburse UEQ for any such expenses.

UEQ receives an annual consulting fee from a family office Investor in exchange for certain
beneficial economics in Private Funds in which such Investor invests. These beneficial economics
are fully disclosed to all other Investors in such Private Funds in advance.

Transaction-Based Compensation

Neither UEQ nor any supervised person of UEQ receives any compensation as broker or agent for
the sale of interests in any Private Fund or the sale of securities or other investment products to any
Private Fund.

Item 7. Types of Clients

UEQ provides discretionary investment advisory services to the Private Funds, each a pooled
investment vehicle, and not individually to the Investors in the Private Funds. The Investors in the
Private Funds are each “accredited investors” in reliance upon the exemption from registration
provided by Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”), and
Regulation D promulgated thereunder and the Investors in certain of the Private Funds also are
“qualified purchasers”, as such term is defined in Section 2(a)(51) of the Investment Company Act
of 1940, as amended, and the rules and regulations promulgated thereunder. In addition, UEQ
reserves the right to offer investment advisory services to other client accounts or pooled investment
vehicles in the future.