Footpath Ventures LP

Item 5.     Fees and Compensation

We are generally eligible to 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

We are paid management fees from the Funds as described in the Governing Documents. The
management fees are based on a percentage of committed capital and are paid quarterly in advance. The
management fee will also be pro-rated for any partial periods. We have the ability to waive or modify the
management fee payable with respect to certain limited partners.

As outlined in the Governing Documents, we are entitled to receive director’s fees, transaction-related
financial advisory, investment banking and break-up fees paid by certain portfolio companies pursued or
held by the Funds. Such fees will be applied as a 100% offset to the management fees each calendar
quarter. If any such offset will reduce the management fee for a particular quarter below zero, the credit
will be carried forward to subsequent quarterly periods and applied as an offset against those
management fees. If, at the termination of a Fund there is an unused credit, the Adviser will return to
each limited partner their share of such credits.

Footpath Ventures LP                                                                         Form ADV Part 2A

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.

Expenses

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. Generally, Fund expenses include, without limitation,
organizational and offering expenses; all investment-related expenses, including expenses relating to
identifying (including any finder’s fees), evaluating, valuing, researching, investigating, structuring,
diligencing, monitoring, hedging, purchasing, holding, selling (or potentially selling), refinancing (including
any brokerage fees or expenses), in each case, including with respect to investments in additional
opportunities (as defined in the Governing Documents), or restructuring the portfolio company Interest
(including lodging, travel, transportation (including the use of first class or business travel), meals,
entertainment and other similar expenses relating to the foregoing), regardless of whether the acquisition
of the portfolio company Interest is consummated by the Fund; all broken deal expenses or other
expenses related to a proposed investment that was not consummated; all expenses of the Fund incurred
in connection with the ongoing operation and administration of the Fund, including any legal, tax,
auditing, accounting, domiciliation, consulting fees, bookkeeping, record keeping, investor portal fees and
clerical services to the Fund; all financing fees, taxes and expenses associated with the Fund’s financial
statements or tax reporting (including fees and expenses associated with preparing tax information,
returns, elections, investigations, settlements, reviews and audits), expenses incurred in connection with
the preparation and maintenance of the Fund’s books and records, account holder diligence, or the
preparation and delivery of wires, financial and other reports, circulars, forms, notices, valuations,
investment summaries and other information (including courier and delivery expenses), expense to
comply with AEOI and anti-money laundering laws, expenses incurred as a Tax Representative in
connection with the Fund and expenses incurred in connection with the dissolution and liquidation of the
Fund; expenses and fees of any administrator, depositary and/or custodian; all fees, costs and expenses
of professionals (including industry executives, advisors, consultants (including operating and sourcing
consultants), operating executives, subject matter experts or other persons acting in a similar capacity)
who provide services to the Fund and/or the portfolio company, including services related to the
development of investment theses and investment opportunities in a given sector or deal analyses (in
each case which services may, for the avoidance of doubt, be provided prior to the commencement of an
investment); research expenses (e.g., news and quotation subscriptions and market research, conference
expenses related to developing potential investment ideas, trends and themes within industries, sectors
or geographies), information technology expenses (including technology service providers and Bloomberg
terminals) and expenses related to acquiring, developing, implementing or maintaining related software;
all fees, expenses and costs in connection with any legal and/or regulatory compliance and any
government and/or regulatory filings related to the Fund’s offering of interests in the Fund or the Fund’s
investment in the portfolio company (including regulatory filings of the General Partner, the Adviser and
their affiliates relating to the Fund) whether, for the avoidance of doubt, they are incurred once or on a
periodic basis during the life of the Fund; all expenses related to obtaining consents or approvals of any
limited partners; any costs, losses, damages or other expenses relating to any warranties or indemnities
given by the Fund in relation to any investments, including where a claim has been made in respect of
such warranties or indemnities; all costs of all subsidiaries and other vehicles and special purpose entities
through which investments are held or managed, including costs associated with establishing and

Footpath Ventures LP                                                                       Form ADV Part 2A
...

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 non-profits, fund of funds, other institutional investors, family offices, and high
net worth individuals. The Adviser generally requires minimum investment amount of $1,000,000 for any
Fund. However, any minimum investment amounts for a Fund may be waived at our discretion.