Focusgrowth Asset Management LP

Item 5.     Fees and Compensation

We generally receive management fees, carried interest, and other additional compensation from
portfolio companies in connection with our advisory services, as described in the Governing Documents.

Management Fees

Funds

We are generally paid management fees from the Funds as described in each Fund’s the Governing
Documents. The management fee is based on either (i) invested capital, or (ii) a percentage of each
limited partners commitment to the Fund during the Fund’s investment period, with the management fee
based on a percentage of each limited partner’s unreturned capital contributions to the Fund after the
investment period. The management fee will also be pro-rated for any partial periods. We have the ability
to reduce, waive, assign, participate or share the management fee payable with respect to certain limited
partners.

Co-Investment Funds

The Co-Investment Funds do not pay a management fee.

FocusGrowth Asset Management, LP                                                           Form ADV Part 2A

Transaction Fees

As outlined in the Governing Documents, we are entitled to receive transaction fees, break-up fees,
commitment fees, underwriting fees, amendment fees, waiver fees, modification fees, monitoring or
management fees, directors’ fees, consulting fees, advisory fees, closing fees and similar fees, payments
or compensation (whether in the form of cash, options, warrants, stock or otherwise) (“Transaction
Fees”), if any, received and retained by us or the General Partner, (including our affiliates) from any third
parties or portfolio companies in connection with portfolio investments (or anticipated portfolio
investments in the case of a break-up fee) of the Fund in which such limited partner participated (or would
have participated in the case of a break-up fee) through the Fund or any Co-Investment Funds (the “Fee
Offset Amounts”). Transaction Fee excludes, for the avoidance of doubt, any Service Fees paid to FG
Agency Lending LLC (as defined in the Governing Documents and below) by borrowers in connection with
loans, as well as (i) any management fees or other asset-based or commitment-based compensation,
incentive or performance allocations or distributions or fees or other performance-based compensation,
or Transaction Fees or similar fees, paid by or received in respect of any other Fund, any co-investor and/or
any other third party, (ii) Service Fees, which include any fees paid to FG Agency Lending LLC; (iii) fees,
costs and expenses of affiliates of the Adviser engaged to provide services on behalf of the Funds or
portfolio investments as described in the Governing Documents.

Fee Offset Amounts (as defined in the Governing Documents) received in any calendar quarter will reduce
the management fee for the following quarter as set forth above. In the event that Fee Offset Amounts
reduce the management fee for a given calendar quarter (the “Excess Transaction Fees”), such Excess
Transaction Fees will be carried forward to one or more subsequent quarterly periods and applied to
reduce the future payments of the management fee until such Excess Transaction Fees have been fully
offset. In the event any excess Fee Offset Amounts remain upon the dissolution of the Fund which have
not and will not be applied to reduce payments of the management fee to the Adviser, the Adviser will
return such remaining excess Fee Offset Amounts to the Fund for distribution. In no event will any Fee
Offset Amount be applied to reduce any previously paid management fee amounts. See the Fund’s
Governing Documents for more information.

Consulting Fees

From time to time, we may enter into arrangements with portfolio companies to pay us consulting fees
for services that generally include assistance with portfolio company operations. Generally, such fees will
be in lieu of receiving a management fee from the Fund(s) that hold the portfolio company. Such
arrangements will also be disclosed to investors in the applicable Fund governing documents.

Carried Interest

The Funds pay a carried interest to each Fund’s General Partner, as further described in Item 6 –
Performance-Based Fees and Side-By-Side Management. The Co-Investment Funds do not pay any carried
interest.

FocusGrowth Asset Management, LP                                                             Form ADV Part 2A

Expenses

Funds

In addition to the management fee and carried interest, the Funds bear certain expenses as outlined in
the Governing Documents. Please review the Governing Documents for each Fund for a detailed
description of expenses such Fund will bear.

A Fund will pay all costs and expenses of organizing and offering its interests, including, without limitation,
legal, financial, accounting, consulting, and other costs and expenses attributable to the organization of
the Funds and the sale of interests in the Funds to the limited partners, including travel expenses incurred
in connection with meeting with potential investors (collectively, the “Organizational Expenses”). To the
extent that the General Partner, the Adviser or any of their affiliates incurs, or has incurred, any
Organizational Expenses, the Fund will reimburse such party, in full, for the amount of such out-of-pocket
Organizational Expenses.

In addition to the Organizational Expenses, the Funds also bear operating and administrative costs and
expenses of the Fund, including expenses associated with all investments and transactions considered,
evaluated and/or consummated by the Fund, including, but not limited to, expenses associated with
sourcing, negotiating, investigating, researching, financing, structuring, acquisition and due diligence of
investments and potential investments, whether or not consummated (including third-party research,
data, analytics, modeling, structuring, pricing, execution and other third-party information systems,
...

Item 7.     Types of Clients

We provide advice directly to our Fund clients and not individually to investors in any Fund. Investors in
the Funds are generally fund of funds, other institutional investors, family offices, high net worth
individuals, and other individuals. The Adviser generally requires a minimum investment amount of
$250,000 for any Fund. However, any minimum investment amounts for a Fund may be waived at our
discretion.