Deepwork Capital LLC

ITEM 5:       Fees and Compensation
5.1    Compensation

In consideration for the provision of our investment advisory services, DeepWork charges an
administration, servicing, or management fee (“Management Fee”). If a Management Fee is charged, it
will not exceed 2.0% of a client’s total gross assets on an annual basis.

DeepWork may also charge an incentive, profit sharing or performance-based fee (“Carry”). If a Carry is
charged it will be calculated on the client’s realized gains associated with an investment. If Carry is
charged, it will not exceed 20% of the net gains.

5.2    Billing and Payment

During normal operation of the funds, scheduled Management Fee payments are made quarterly. All
unpaid and earned Management Fees are due upon termination or dissolution of a fund.
Carry payments are made upon receipt of realized investment returns.
Payment of the Management Fee and Carry is in addition to the proportionate allocations of realized net
profit to any of our principals or employees invested in the funds, based upon their respective capital
account in a particular fund.
DeepWork may, in its sole discretion, reduce, waive, or calculate differently the Management Fee or
Carry with respect to any investor, including, without limitation, investors that are members, affiliates or
employees of DeepWork, and members of immediate families of such persons and trusts or other
entities for their benefit.

Investment Adviser Brochure| DeepWork Capital, LLC | March 2026                                             5

5.3    Other Compensation
DeepWork may request payment for reasonable expenses paid or incurred in connection with the
performance of services upon presentation of expense statements, vouchers, or other evidence of
expense.

Neither DeepWork nor any of its supervised persons accept compensation for the sale of securities or
other investment products, including asset-based sales charges or service fees.

ITEM 7:      Types of Clients

DeepWork primarily advises venture capital funds. Rule 203(l)-1 defines a “venture capital fund” as a
private fund that: (a) holds no more than 20% of the fund’s capital commitments in non-qualifying
investments (other than short-term holdings); (b) does not borrow or otherwise incur leverage, other
than limited short-term borrowing (excluding certain guarantees of qualifying portfolio company
obligations by the fund); (c) does not offer its investors redemption or other similar liquidity rights
except in extraordinary circumstances; (d) represents itself as pursuing a venture capital strategy to its
investors and prospective investors; and (e) is not registered under the Investment Company Act of
1940, as amended (the “Investment Company Act”) and has not elected to be treated as a business
development company.” A “qualifying investment” consists of any equity security issued by a qualifying
portfolio company that is directly acquired by a fund and certain equity securities exchanged for the
directly acquired securities. A “qualifying portfolio company” is one that does not borrow or issued debt
obligations in connection with a fund’s investment in the company and distribute to the fund the
proceeds of such borrowing or issuance in exchange for the fund’s investment.

DeepWork also advises other private funds and pooled investment vehicles, including state-led
venture funds operated under the State Small Business Credit Initiative, that pursue a venture capital
strategy, but do not qualify as venture capital funds.