Cross Creek Advisors LLC

Item 5 – Fees and Compensation

Cross Creek Funds

This section describes certain of the principal fees that have been agreed to in the Governing Documents of
the Cross Creek Funds. Investors may pay a management fee and a performance-based fee based on the net
profit of the Fund’s investments. Management fees are paid to the Advisor, whereas performance-based
fees are paid to the General Partners. The amount of the management fee and performance-based fee is set
forth in the Governing Documents for each Fund and is not cancelable except in accordance with the terms
of the Governing Documents. Similarly, the investors in the Funds may not withdraw from the Fund or
transfer their interest in the Funds except in accordance with the terms of the Governing Documents, which
require the approval of the General Partner.

Direct Funds

Investors in Capital II and Capital III, do not pay a management fee. The General Partner for Capital II and
Capital III receives a performance-based fee of 30% of the net profits of Capital II and Capital III.

Partner Funds - Partners I Fees

Partners I pays the Advisor a management fee of 1% for called capital for the first seven years of the Fund.
Thereafter, the Advisor will receive a management fee equal to 1% of Partners I’s assets under management.
The General Partner will receive a performance-based fee of 5% of the net profits of Partners I.

Partner Funds - Partners II, Partners II-B Fees, Hybrid Fund Fees (Partners III, Partners IV, Partners V,
Partners VI, Partners VII and Partners VIII) and Focus Fund Fees

Through the anniversary specified in the Governing Documents, Partners II, Partners II-B, Partners III,
Partners IV, Partners V, Partners VI, Partners VII, Partners VIII, Focus I, Focus II, and Focus II-B pay the
Advisor a management fee of 1% of the aggregate commitments of the Funds to Underlying Funds and
direct investments where applicable. Thereafter, Partners II, Partners II-B, Partners III, Partners IV, Partners
V, Partners VI, Partners VII, Partners VIII, Focus I, Focus II, and Focus II-B, will pay the Advisor a
management fee equal to 1% of each Fund’s assets under management. The General Partner for the Funds
receives a performance-based fee of 5% of the net profits of Partners II, Partners II-B, Partners III, Partners
IV, Partners V, Partners VI, Partners VII, Partners VIII, Focus I, Focus II, and Focus II-B.

Overage funds will generally pay a lower management fee as described in their Governing Documents.
Specifically, Focus II Select pays a management fee of 0.5% of the aggregate commitments of the Fund to
underlying investments.

It is important to note that when a fund has made an investment in an underlying fund, the underlying fund
will generally pay management fees and performance-based fees to its investment manager. Therefore, an
investor in a fund-of-funds or hybrid fund can effectively pay two levels of advisory fees in connection
with its investment in an underlying fund. The investor will be charged a management fee (and bear a
performance-based fee, if applicable) and will bear its pro rata portion of any fees and expenses associated
with the funds’ investment in an underlying fund.

Lucid Fund

For services rendered during the term of the Partnership and for the organizational expenses, the Partnership
shall pay an origination fee of 1% of all capital commitments of each limited partner. The General Partner
shall bear normal operating expenses incurred in connection with the management of Lucid Fund, the
General Partners and Advisor, except for those expenses borne directly by the Lucid Fund. Such partnership
expenses are outlined in the Governing Documents and may include, but are not limited to, private
placement fees, finder’s fees, interest on borrowed money, real property or personal property taxes on
investments, audit and accounting fees and expenses and consulting fees relating to investments or proposed
investments. The Lucid Fund will also bear any sales or other taxes, fees incurred in connection with the
maintenance of bank or custodian accounts.

Other Fees

An investor in a Fund can also be subject to a pro-rata allocation of other expenses of the Fund, as set forth
in the Governing Documents, including organization and other operating expenses of the Fund. Investors
in the Cross Creek Funds should refer to the Governing Documents for a complete description of expenses
and fees. Common examples include but are not limited to expenses related to accounting, auditing, legal,
tax, administrative service providers, and insurance.

The Advisor or Funds may accept a reimbursement from a portfolio company for due diligence and legal
expenses they incur in researching potential investments for the Funds in accordance with the Governing
Documents.

The Advisor does not have an affiliated broker-dealer and does not receive compensation attributable to the
sale of securities or other investment products, such as a commission. Item 12 further describes factors that
the Advisor considers in selecting or recommending broker-dealers for client transactions and determining
the reasonableness of their compensation (e.g., commissions).

Item 7 – Types of Clients

The Advisor provides investment advisory services to the Cross Creek Funds. Investors in these funds
include high net worth individuals, family offices and institutions including charitable organizations, state
and local government entities and various pension and profit-sharing plans. All of the Cross Creek Funds
have been offered through private placements and thus investors have been limited to those who are at a
minimum “accredited investors” as defined in Regulation D under the Securities Act of 1933. The Cross
Creek Partners Funds and Focus Funds have been further limited to investors who are “qualified
purchasers” as defined in Section 2 of the Investment Company Act of 1940. The minimum investment size
for the Cross Creek Funds is generally $1,000,000, although Cross Creek is able to grant exceptions to this
minimum.