Coatue Management LLC

FEES AND COMPENSATION

Asset-Based and Performance-Based Compensation

Coatue Management charges a fixed fee that ranges from 0%-2.5% per annum and is described in
the offering memorandum of each Fund or other governing document of each other Client, as
applicable. Fixed fees are charged in advance or in arrears at such time as specified in the
applicable Client’s governing documents, subject to additional terms related to the prepayment of
such fixed fees described below, and may be calculated, for example, based on the amount of net
assets, a percentage of invested capital, a percentage of committed capital, the cost basis of Private
Investments, as applicable, and as otherwise specified in a Client’s governing documents. Fixed
fees will be prorated for any period that is less than a full calendar quarter (or other applicable
period) as described in the applicable Client’s governing documents.

Certain Funds are required to pay Coatue Management’s fixed fees in advance. In connection with
this, a Fund may obtain a refund of a pro rata portion of any pre-paid fixed fee if the advisory
contract is terminated or a withdrawal is made from the Fund before the end of a billing period.

Coatue Management (or an affiliate) may also be entitled to performance-based compensation,
which is compensation that is based on a share of realized or unrealized net profits or capital
appreciation of the assets of a Client. The performance-based compensation, “profits interest” or
“incentive allocation”, ranges from 0%-33% of a Fund’s realized or unrealized net profits or capital
appreciation. Performance-based compensation may be subject to (i) “loss carry-forward”,
“modified loss-carryforward” or “underperformance carry-forward” provisions, (ii) hurdles,
and/or (iii) “clawback” provisions.

With respect to CTEK, there is an advisory fee equal to 1.25% per annum, which is calculated and
accrued monthly in arrears, and an incentive fee equal to 12.5% subject to a hurdle amount and
loss carryforward, each described in more detail in CTEK’s Prospectus. Distribution and servicing
fees, which are further described in CTEK’s Prospectus, may also apply depending on the
particular share class.

The asset-based and performance-based compensation charged to a particular Client (if any) is
described in such Client’s offering memorandum, prospectus, investment management agreement
or other applicable governing document.

Payment of Fees and Waiver of Fees

With respect to the Funds and CTEK, a third-party administrator calculates and confirms the asset-
based and performance-based compensation. Once calculated, the fees and allocations are
deducted from the applicable accounts. For certain other Clients, Coatue Management may submit
an invoice for payment in connection with fees to which it is entitled under the terms of the
governing documents for such Client.

The asset-based compensation and performance-based compensation described above are not
negotiable. To the extent permissible under applicable law, for certain Clients, Coatue
Management may, in its sole discretion, waive, reduce or modify such asset-based compensation

and performance-based compensation rates for members of Coatue Management, its affiliates,
their respective equity owners, directors, officers, employees and affiliates (collectively, the
“Coatue Group”), relatives of such persons and estates, charitable and family vehicles of members
of the Coatue Group and such relatives, and for certain other investors (including large or strategic
investors). Specifically, Coatue Management has consistently waived, and will continue to waive,
both the asset-based compensation and performance-based compensation for its equity-owners,
partners and employees.

Additionally, certain Clients structured as co-investment funds and/or funds of one that invest in
other Coatue Clients are not charged asset-based compensation and/or performance-based
compensation. However, to the extent such co-investment funds and/or funds of one are charged
any such compensation, they will be charged the asset-based compensation and performance-based
compensation at either the co-investment fund- and/or fund of one-level or the other Coatue Client
level, but fees are not charged at both levels in such instances.

With respect to Clients that make private investments, while Coatue Management intends that the
majority of such private investments will be made directly in the particular private company, from
time to time, a Client may make investments in one or more investment vehicles managed by an
unaffiliated third party, including but not limited to vehicles that may only invest in a single
portfolio company. To the extent a Client invests in a private investment fund managed by a third-
party, the Client may be subject to the fees, incentive allocation and expenses charged by such
entity, which will be in addition to the management fees, performance compensation and expenses
to which investors in such Client are subject to as investors in that Client.

Other Expenses

Each Client is responsible to pay for certain expenses as set forth in its respective governing
documents.

Expenses of the Clients include the fees paid to Coatue Management as described above, and
without limitation, fees paid to the third party administrator and other service providers to the
Clients, including with respect to any mid-month calculations of the net asset value of the Clients,
directors’ fees; fees and expenses of trustees; legal, accounting (including external accounting and
valuation expenses), auditing and other professional expenses; tax preparation and other tax related
expenses (including preparation costs of financial statements, tax returns and reports to investors),
and any taxes, fees and other governmental charges levied against the Clients and all expenses
incurred in connection with any tax audit, investigation settlement or review of the Clients;
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TYPES OF CLIENTS

Please refer to Item 4, Advisory Business – Advisory Services for a description of our Clients.

Coatue Management’s Clients are the Funds, CTEK and certain other investment vehicles and
entities to which it provides investment advisory services (either on a discretionary or non-
discretionary basis). The Funds themselves are not subject to any requirements for opening or
maintaining an account. Investors in the Funds must meet certain suitability requirements as set
forth in each Fund’s offering memorandum and/or operative documents. The offering
memorandum for each Fund sets forth the required minimum amounts for investment by investors
in such Fund. Minimum investment amounts have been, and are expected in the future to be,
waived at the sole discretion of Coatue Management (or by such Fund, as applicable). Any
suitability requirements and minimum investment amounts for CTEK are set forth in its governing
documents. Coatue Management, in its sole discretion, will establish any minimum account
requirements with respect to other Clients.