Electric Capital Partners LLC

Item 5. Fees and Compensation

The Adviser receives Management Fees and/or Carried Interest (each as defined below) from the
Funds. Additionally, consistent with each Fund’s Organizational Documents, the Funds bear
certain out-of-pocket expenses incurred by the Adviser in connection with the services provided
to the Funds and/or their portfolio companies. Further details about such fees and expenses are set
forth below.

Management Fees

As compensation for investment supervisory services rendered to a Fund, the Adviser receives an
advisory fee (a “Management Fee”). For the Adviser’s hedge fund style private funds, the fee is
calculated based on each investor’s capital account balance. For the Adviser’s private equity and
venture capital style funds, the Management Fee is calculated based on each investor’s committed
capital or contributed capital to the Fund. Management Fees paid by a Fund may also be reduced
by other fees or compensation received by the Adviser or its affiliates that relate to such Fund’s
activities and investments, or by other expenses borne by such Fund, as described in more detail
below.

As more fully described in Item 10 herein, Clients of Electric Treasury Edge, LLC pay an asset-
based management fee (typically calculated as a percentage of the assets subject to such services),
transaction-based fees, or other fees or economic benefits depending on the nature of services
provided. The precise amount of, and the manner and calculation of, the Management Fees for
each such clients are set forth in the client’s Asset Management Agreement pursuant to which the
Adviser provides treasury management services. The fee structures described may be modified
from time to time.

Management Fees for the hedge fund style vehicles and for private equity and venture capital style
funds are payable quarterly in advance.

The precise amount of, and the manner and calculation of, the Management Fees for each Fund
are set forth in a Fund’s Organizational Documents, which are received by each investor prior to
investment in a Fund. The fee structures described may be modified from time to time.

The Adviser, in its sole discretion, may waive or reduce the Management Fees of investors in the
Funds that are employees of the Adviser or its personnel (including any related entity established
by any of the foregoing, such as trusts, charitable programs, endowments or related programs,
family investment vehicles and other estate planning vehicles) (collectively, “Adviser Investors”).
Adviser Investors pay for their pro rata share of certain Fund expenses.

Expenses

Fund Expenses

The Funds will bear all expenses incident to the organization of the Funds and the general partner.
In addition, the Fund shall also bear all costs incurred in connection with operation of the Funds’
business, including those costs associated with holding or sale of securities; reasonable travel
expenses associated with the Fund’s investment activities, all financial reporting, legal, audit,
custodial, registration, financial, administrative, accounting and investment banking fees,
including such services in connection with the purchase and sale of investments (whether or not
consummated); insurance premiums; fees for consulting services related to portfolio investments
and prospective portfolio investments (whether or not consummated); the cost of Fund meetings;
fees and expenses of members of any advisory board; expenses of litigation involving the Fund;
and any extraordinary expenses of the Fund.

From time to time, the general partner of a Fund may create certain “special purpose vehicles” or
similar structuring vehicles for purposes of accommodating certain tax, legal and regulatory
considerations of investors (“SPVs”). In the event the general partner creates an SPV, consistent
with the Organizational Documents of the Funds, the SPV, and indirectly, the investors thereof,
typically bear all expenses related to its organization and formation and other expenses incurred
solely for the benefit of the SPV. Expenses of the types borne by a Fund but associated with any
feeder fund or similar vehicle organized to facilitate the participation of certain investors in a Fund
(including, without limitation, expenses of accounting and tax services) may be borne by such
Fund.

Co-Investment Vehicle Expenses

In certain cases, a co-investment vehicle, or other similar vehicle established to facilitate the
investment by investors to invest alongside a Fund may be formed in connection with the
consummation of a transaction. In the event a co-investment vehicle is created, the investors in
such co-investment vehicle typically bear all expenses related to its organization and formation
and other expenses incurred solely for the benefit of the co-investment vehicle. The co-investment
vehicle generally bears its pro rata portion of expenses incurred in the making of an investment.

If a proposed transaction is not consummated, no such co-investment vehicle generally will have
been formed, and the full amount of any expenses relating to such proposed but not consummated
transaction (“Dead Deal Costs”) would therefore be borne by the Funds. As a general matter, no
co-investor or co-investment vehicle bear Dead Deal Costs or receive any portion of break-up fees
until they are contractually committed to invest in the prospective investment. Furthermore, to the
extent a co-investment vehicle is formed in connection with a proposed transaction, costs and
expenses relating to such co-investment vehicle may, in certain situations, be borne by the Funds,
regardless of whether such proposed transaction is consummated. Dead Deal Costs may include,
among other things, legal, accounting advisory, consulting or other third-party expenses
(including amounts payable to third parties), any travel and travel-related and accommodation
expenses, all fees, costs and expenses of lenders, investment banks and other financing sources in
...

Item 7. Types of Clients

The Adviser currently provides investment supervisory services to one or more Funds as described
in Item 4. Investment advice is provided directly to the Funds (subject to the direction and control
of the general partners of the Funds) and not individually to investors in the Funds.

Interests in the Funds are offered pursuant to applicable exemptions from registration under the
Securities Act and the 1940 Act. Investors in the Funds are generally “qualified purchasers” as
defined in the 1940 Act, and may include, among others, high net worth individuals, banks, thrift
institutions, pension and profit-sharing plans, trusts, estates, charitable organizations, university
endowments, corporations, limited partnerships and limited liability companies or other entities.
In some cases, the Funds may accept “accredited investors” who do not meet the definition of
“qualified purchasers” including knowledgeable employees and other individuals.

The Adviser does not currently have a minimum total size for the Funds, but minimum investment
commitments may be established for investors in the Funds. The general partner of each Fund may
in its sole discretion permit investments below the minimum amounts set forth in the
Organizational Documents of such Fund.

The Adviser also provides investment supervisory services to certain single-purpose investment
vehicles. While the Adviser generally waives management fees for these vehicles, it typically
receives performance-based compensation (carried interest) and is reimbursed for certain
operating expenses.

As further detailed in Item 10, the Adviser and its affiliate, ETE, provide specialized
cryptocurrency treasury management services to institutional clients and entities seeking to
manage digital asset holdings.