Education Growth Partners LLC

Item 5. Fees and Compensation
Fees

We are entitled to two types of fees from each of our clients: (i) an asset-based management fee; and (ii)
payments of carried interest based upon the performance of the client.

The management fee is typically 2% per year of the client’s net assets and is typically determined and
payable quarterly in advance. The management fees we receive from the clients are subject to reduction in
proportion to certain fees we receive from the portfolio companies in which the clients are invested. Please
review the applicable Fund’s offering documents for the fee terms for the relevant Fund, which may differ
from the above.

We are also generally entitled to receive performance-based compensation from clients in the form of a
carried interest equal to 20% distributions in excess of return of capital and a preferred return. The preceding
sentence is a simplified explanation. Please review the applicable Fund’s offering documents for full details,
which may differ from the above.

The details of how the fees are calculated for the Funds can be found in the organizational and offering
documents of the Funds, which are provided to potential investors.

The fees described above are our typical fee rates. However, each investment vehicle has the right to enter
into agreements with one or more of its investors providing for the waiver or modification of certain terms
of the offering of investment vehicle interests, or certain rights and obligations of investment vehicle
investors, including fees, otherwise applicable to such interest(s), in each case without notice to the other
investment vehicle investors. Under certain circumstances we may agree to different fee terms from those
described above.

In addition to fees and compensation received from our clients, we may also receive fees from the
companies in which our clients invest in exchange for the management, financial and industry expertise we
provide. A portion of any fee is generally used to partially or wholly offset the management fees payable
by the clients. Please review the applicable offering documents for full details.

As noted above, management fees payable by clients are typically payable quarterly in advance. Investors
will be subject to a pro-rated management fee with respect to any subscription made other than at the
beginning of a month or withdrawal/redemption made other than at the end of a month based upon the
portion of the month for which the assets were invested.

Expenses

The General Partner, the Management Company and/or their Affiliates shall pay the costs and expenses
incurred by the General Partner and the Management Company in providing for their normal operating
overhead, including (i) the compensation of the Principals and other employees of the General Partner and
the Management Company; (ii) the cost of providing support and general services to the Fund, including,
without limitation, office rental, secretarial, clerical and General Partner and Management Company
bookkeeping expenses; (iii) any placement fees and (iv) compliance, filing and other out-of-pocket costs

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and expenses not directly related to the Fund (v) expenses related to compliance-related matters and
regulatory filings (including regulatory filings of the General Partner, the Management Company and their
Affiliates relating to the Fund and its activities, including expenses related to the preparation and filing of
the Management Company’s Form ADV and other similar regulatory filings, any compliance or filings
related to the European Alternative Investment Fund Managers Directive related to the Fund’s Limited
Partners and/or Portfolio Investments, expenses related to complying with the General Data Protection
Regulation and expenses related to any regulatory examination of the General Partner or the Management
Company). The Fund shall pay all of its expenses not required to be paid for by the General Partner or the
Management Company, including without limitation the following expenses: legal, auditing, accounting,
investment banking, banking, credit facility, consulting, investment banker’s or finder’s, custody, transfer,
registration or other similar fees and expenses; interest expenses on borrowings and guarantees permitted
by the terms of this Agreement and all expenses incurred in negotiating, entering into, effecting,
maintaining, varying and terminating any borrowing or guarantee permitted to be entered into by this
Agreement; expenses associated with the preparation and delivery of the Fund’s financial statements, tax
returns, annual Internal Revenue Service Schedule K-1s and other communications with the Partners;
expenses associated with annual and special meetings of the Limited Partners; expenses associated with
third-party financial and accounting service providers to the Fund; reasonable travel expenses associated
with the Fund’s investment activities; all expenses associated with attending industry conferences and
marketing expenses for trade associations; costs of all governmental returns, reports and filings; (including,
without limitation, the Form PF); commissions or brokerage fees or similar charges associated with the
acquisition, holding and disposition of the Fund’s investments; broken deal expenses (including break-up
fees); formation, legal and operating costs of alternative investment vehicles organized in connection with
Fund investments; any taxes, fees or other governmental charges levied against the Fund; any costs or
expenses incurred by or on behalf of the Fund in investigating, developing, negotiating and structuring
prospective or potential investments, whether or not subsequently actively pursued or ultimately made; data
and research expenses that aid in finding potential investments and syndicate sponsors; expenses incurred
in managing and tracking the Fund’s prospective and existing investments and Limited Partners (e.g., CRM
...

Item 7. Types of Clients
We provide investment advice to private investment funds and independently sponsored co-investment
vehicles. The types of investors in our clients include but are not limited to the following: pension and
profit-sharing plans; trusts, estates, and charitable organizations; funds of funds (whether organized as
partnerships, corporations, or other entity types), high net worth individuals and family offices.

There is no set minimum investment size for funds or co-investment vehicles that we advise. Please consult
the applicable entity’s documents for the terms applicable to a particular investment vehicle.