Fairmount Funds Management LLC

Item 5: Fees and Compensation
Management Fee

With respect to the Partnerships, Fairmount receives a management fee of 1.25% per annum
based on the net asset value attributable to each Investor’s capital account. Management fees
are paid quarterly in advance and are directly deducted from Investor accounts. The
management fees are calculated independently by the Partnerships’ administrator and
reviewed by Fairmount’s Chief Financial Officer. Fairmount may, in its discretion, waive,
reduce, or rebate management fees with respect to certain Investors, including affiliates of
the General Partners or Fairmount. No such waiver, reduction, or rebate will entitle any other
Investor to similar treatment.

Fairmount does not receive a management fee in connection with its management of Co-
Invest III, Co-Invest IV, or Co-Invest V.

Additional Fees and Expenses

The Funds pay certain specific and customary expenses, including those detailed in their
respective governing documents and agreements. These expenses typically include: (i) fees,
costs, and expenses relating to attorneys, accountants, advisers, consultants (including
sourcing, operating, research, industry expert, and other subject-matter consultants, as well
as scientists and engineers), administrators, custodians, depositaries and paying agents,
domiciliation agents, valuation experts, and data providers (including related systems,
services, data management software, and information technology incorporated into the cost
of obtaining such data); fees for temporary or long-term personnel or consultants engaged by
Fairmount, including strategic advisors, senior advisors, and similar professionals who are not
Fairmount employees but may be employees of portfolio companies or other entities in which
a Fund invests); and fees relating to audit and certification, preparation and distribution of
Investor reports, maintaining accounts, calculating net asset values, processing subscriptions,
and Investor communications; (ii) fees payable to any placement agent engaged pursuant to
local legal or regulatory requirements in connection with the offering of Fund interests outside
the United States; (iii) brokerage commissions, prime brokerage fees, custodial expenses,
other bank service fees and other investment costs, fees and expenses; (iv) expenses
associated with auditing; (v) trade support services, including, pre- and post-trade support
software and related services (including any and all fees, costs and expenses of any
investment, books and records, portfolio compliance and reporting systems such as
Bloomberg terminals, including consultant, software licensing, data management and
recovery services fees and expenses) and data services providing price feeds, news feeds,
security and company information and company fundamental data; (vi) risk analysis, risk
reporting, and risk-related and consulting services provided by third parties; (vii) fees of
providers of specialized data or analysis related to portfolio companies and the sector and
asset classes in which a Fund has made or intends to make investments; (viii) research and
technology expenses (including newswire, quotation services, publications, periodicals,
subscriptions, database services, data processing related to research activities, and other
information services); (ix) expenses associated with Investor communications and reporting
(including annual information sessions or meetings and the maintenance of a website or other
investor portal); (x) investment-related travel expenses (including transportation, lodging,
internet access fees, international cellular charges, out-of-office meals, and other similar
expenses); (xi) fees, costs, and expenses incurred in developing, bidding on, evaluating,
investigating, negotiating, financing, refinancing, structuring, obtaining regulatory approvals
for, purchasing, trading, clearing, settling, monitoring, maintaining custody of, holding and

Fairmount Funds Management LLC                                                 Form ADV Part 2A

disposing of investments, whether or not consummated, including due diligence, valuation,
financing, legal, accounting, advisory, and consulting expenses, costs related to proxy contests
(including professional fees); foreign exchange and other currency transaction costs;
insurance, indemnity, litigation, investigation, and similar expenses; and any expenses related
to short sales; (xii) expenses associated with withdrawals, redemptions, distributions,
admissions, issuances and transfers of Fund interests (including preparation of any form
transfer agreements); provided that the applicable transferor/transferee shall bear the
material costs of any such transfer; (xiii) expenses associated with the acquisition, holding,
monitoring, and disposition of investments, including brokerage, trading, custody, and
hedging costs, commissions, and similar expenses incurred in connection with receiving,
buying, selling, exchanging, trading, and otherwise dealing in securities and other Fund
property (including expenses relating to spreads, short dividends, negative rebates, financing
charges, currency hedging costs, and temporary investments); (xiv) interest and other
expenses incurred in respect of a Fund’s borrowings, guarantees and other financing
arrangements; (xv) costs and expenses of any lenders, investment banks and other financing
sources; (xvi) fees, costs and expenses associated with a Fund’s financial statements, reports,
notices, tax returns and Schedule K-1s (or similar schedules), including any related audits and
the costs of preparing, translating, and distributing such materials (whether by a Fund, any
affiliate or any service provider or agent engaged in connection therewith); (xvii) out-of-pocket
fees, costs, and expenses incurred in connection with a Fund’s legal, tax, and regulatory
compliance with applicable U.S. federal, state, local, non-U.S., or other laws or regulations,
...

Item 7: Types of Clients
As previously described in Item 4, Fairmount’s clients are the Funds. With respect to the Funds,
any initial and additional subscription minimums are described in the relevant offering
documents and may be waived or modified by Fairmount or its affiliates. The Funds are open
only to certain financially sophisticated investors who meet eligibility criteria.

Fairmount Funds Management LLC                                                Form ADV Part 2A