Era Global Technologies LLC

Item 5: Fees and Compensation

EGTL serves as investment manager to the Funds and receives fees and other compensation as
described in the applicable Fund Documents. The specific fee rates and performance-based
compensation applicable to a particular Fund or investor, including any variations or negotiated
terms, are established in the relevant Fund Documents and side letter agreements with particular
investors, to the extent applicable, and are not determined by this brochure.

Management / Advisory Fees

As compensation for investment advisory and management services, EGTL generally receives a
a quarterly or annual management or advisory fee (a “Management Fee”) from the Funds,
typically calculated as a percentage of each Fund’s committed capital, invested capital, cost basis
or net asset value, as specified in the applicable Fund Documents. Management Fees are generally
invoiced and payable quarterly or annually in advance.

The Management Fees paid by a Fund are borne indirectly by investors in that Fund.
Management Fee rates may differ among Funds and SPVs, and may vary for particular investors,
in each case as described in the applicable Fund Documents and any related side letters or similar
agreements. Management Fees are not typically reduced due to unrealized losses, write-downs
or other decreases in the value of a Fund’s portfolio investments unless expressly provided in the
applicable Fund Documents.

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EGTL, its affiliates or its supervised persons are permitted to receive directors’ fees, consulting
fees, break-up fees, investment banking or other transactional fees received in connection with
the merger or acquisition of a portfolio company, or equivalent additional compensation from
Fund portfolio companies in connection with director, management, advisory, consulting or
other services performed for such portfolio companies. Subject to the provisions of the relevant
Fund Documents, such fees trigger a full or partial management fee offset to the extent such fees
are received by the Fund general partners, EGTL or their employees. EGTL personnel may be
asked to serve, or may continue to serve, as directors, observers, or advisors of certain companies
in which a Fund has fully exited its ownership interest. With respect to such former portfolio
companies, compensation received by EGTL or its employees is not subject to the management fee
offset. This compensation creates an incentive for EGTL to exit an investment sooner.
Additionally, consistent with the Fund Documents, the Funds typically bear certain out-of-pocket
expenses incurred by EGTL in connection with services provided to the Funds and/or the
portfolio companies.

Performance-Based Compensation / Carried Interest

In addition to Management Fees, EGTL (typically through a related general partner or managing
member) generally receives performance-based compensation from certain Funds, commonly
referred to as “carried interest” (“Carried Interest”). Carried Interest is generally calculated on a
deal-by-deal basis, as a percentage of a Fund investment’s net profits, usually after return of
contributed capital in respect of such investment, except as otherwise described in the relevant
Fund Documents. Carried Interest is generally calculated gross of expenses and Management
Fees, unless otherwise specified in the relevant Fund Documents. The Carried Interest paid by a
Fund is indirectly borne by that Fund’s investors.

The precise Carried Interest rate, calculation methodology, distribution “waterfall,” timing and
any related clawback or giveback provisions differ by Fund and are set forth in the applicable
Fund Documents. EGTL and its related general partner entities may, in their discretion and as
permitted by the Fund Documents, agree to different Management Fee and/or Carried Interest
terms for particular Funds, vehicles or investors.

Carried Interest and other performance-based compensation received by the applicable
managing member, general partner, or equivalent person at the given Fund or SPV may be shared
among certain of EGTL’s personnel and operating partners, and in some cases may vest over time
or be tied to the performance of a particular Fund, SPV or investment. The allocation of such
interests is determined by EGTL and its affiliates and is described in the governing documents of
the relevant managing member, general partner or equivalent person and/or in separate
agreements with such personnel or operating partners; investors do not pay additional Carried
Interest beyond what is described in the applicable Fund Documents as a result of these internal
allocations.

Fund Expenses

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Each Fund is responsible for its own expenses (whether incurred by the Fund or by an affiliate of
EGTL and thereafter reimbursed by the Fund) as described in its Fund Documents and offering
materials. These typically include, among other things:

    •   Organizational and formation expenses of the Fund, including legal, accounting,
        regulatory, and filing fees, as well as costs associated with the preparation of offering
        and governing documents.

    •   Expenses related to the offering and sale of interests in the Fund, including placement
        agent, marketing, and solicitation fees, to the extent not borne by EGTL.

    •   Fees and expenses incurred in connection with identifying, evaluating, investigating,
        diligencing, structuring, negotiating, acquiring, holding, monitoring, managing, or
        disposing of portfolio investments, including expenses for transactions that are not
        ultimately consummated.

    •   Third-party professional fees and expenses, such as legal, audit, tax, consulting,
        valuation, compliance, and other service provider costs incurred for the Fund or its
        portfolio investments, to the extent allocated to the Fund.

    •   Costs and expenses associated with financing arrangements, including interest, fees, and
...

Item 7: Types of Clients

EGTL provides investment advisory services primarily to privately offered pooled investment
vehicles, including Funds and SPVs that invest primarily in private companies and related
instruments. These vehicles include multi‑investment funds, single‑asset SPVs and other
co‑investment, single‑investor vehicles, or separately managed accounts that generally follow
strategies consistent with or complementary to EGTL’s core venture capital and credit‑oriented
focus.

Interests in the Funds and SPVs are offered in private placements to investors that meet applicable
eligibility standards under the Advisers Act, the Securities Act of 1933 and the Investment
Company Act of 1940, and typically include institutional investors, family offices and other
sophisticated investors. EGTL does not currently provide advisory services to retail separate
accounts or to individual investors outside of those investing through the Funds or SPVs, and
any minimum investment requirements are described in the applicable Fund Documents and
offering materials.

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