Forge Global Advisors LLC

Item 5 – Fees and Compensation

     A.      Describe how you are compensated for your advisory services. Provide your fee
             schedule. Disclose whether the fees are negotiable.

   For SIFs:
   FGA charges a set-up fee, management fee, carried interest (where applicable), and redemption fee
   to investors in the SIFs, as follows:

    Set-up Fee: a one-time set up fee of 1-5% of a SIF investor’s subscription amount may be assessed
    by the Manager upon the admission of each investor. The set-up fee, if applicable, will be payable to
    the Manager at the time of admission into the SIF and is intended to cover administrative and
    operational services provided by the Manager in connection with onboarding new SIF investors and
    conducting SIF closings. The amount of any set-up fee may be waived or reduced by the Manager, in
    its sole discretion.

    Management Fee: a fee, expressed as a percentage between 1-5% of the SIF investor’s M Class SIF
    interest, or a fixed dollar amount charged per purchased M Class SIF interest, as specified in the Fund
    Documents for each SIF will be paid to the Manager. The management fee will be payable either (i)
    as a one-time fee, at the time of subscription to the SIF; (ii) as a fixed percentage fee of the SIF
    investor’s M Class SIF interest, due yearly, on specified future date(s); and/or (iii) as an accrued fee,
    calculated as a percentage of the value of the investor’s interest in the SIF, on an annual basis for the
    duration of the SIF. Unless otherwise agreed between the investor and the Manager, the Management
    Fee will be debited against the capital account of SIF investors owing such fees, as described in the
    subscription documents of such SIF.

    Carried Interest: a carried interest ranging from 10-20% of the distributions to the C Class SIF
    interests, as specified in the Fund Documents for each SIF, will be paid to the Manager. In the event
    that a SIF distributes any Portfolio Company Securities or other non-cash assets, any carried interest
    due may be distributed to the Manager in such non-cash form; provided, that the Manager may exercise
    its discretion to liquidate a portion of such assets in order to pay the carried interest in cash. The
    maximum carried interest over the life of the SIF shall equal the carry percentage times the cumulative
    realized and unrealized gain of the SIF, less cumulative realized and unrealized losses of the SIF,
    allocable to the holders of C Class SIF interest.

    Redemption Fee: a one-time redemption fee of 1-2% of the investor’s redemption amount may be
    assessed and paid to the Manager to cover its costs and time associated with arranging additional
    liquidity events directly through the SIF. The redemption fee, if applicable, will be deducted by the
    Manager from the redemption proceeds at the time of redemption. The Manager may, in its sole
    discretion, waive or reduce any redemption fee.

    For MIFs:

    The compensation for advisory services provided to the MIF is set forth in the Fund Documents.
    Investors may pay a management fee of 0-5% annually, payable as described in the Fund Documents.
    The management fee may also be combined with a carried interest of up to 20%. The Manager may
    waive, reduce or rebate the management fee and/or carried interest with respect to the capital accounts
    of certain investors, including affiliates, or charge the management fee and/or carried interest on a
    different basis for one or more investors with their agreement.

 B.      Describe whether you deduct fees from clients’ assets or bill clients for fees incurred.
         If clients may select either method, disclose this fact. Explain how oftenyou bill clients
         or deduct your fees.

FGA will deduct from the capital account (and/or sub-capital account) of each Fund investor for the
management fee and carried interest (where applicable) as these respective fees are assessed. Any
applicable set-up fee or redemption fee will be collected at the time of the initial investment or
redemption, respectively.

See Item 5A above for additional detail regarding each fee.

 C.      Describe any other types of fees or expenses clients may pay in connection with
         your advisory services, such as custodian fees or mutual fund expenses. Disclose
         that clients will incur brokerage and other transaction costs, and direct clients to
         the section(s) of your brochure that discuss brokerage.

Each SIF and MIF will incur brokerage and other transaction costs in connection with the purchase,
sale, liquidation, distribution, or transfer of Portfolio Company Securities. Generally, equity
securities are bought and sold through brokerage transactions for which commissions are payable
by both the purchaser and the seller.

Affiliated Brokerage: FGA generally causes the SIF or MIF to use FSEC to broker transactions in
Portfolio Company Securities so long as consistent with the duty to seek best execution.

Subject to the foregoing, when a Fund purchases a Portfolio Company Security from a Shareholder,
the Fund will typically require Shareholders of the Portfolio Company to engage FSEC, or another
broker-dealer, to represent the Shareholder in their sale of Portfolio Company Securities to the Fund.
The brokerage fee payable by the Fund, and the responsibility of its investors (directly or indirectly)
for any brokerage-related costs, shall be as disclosed in the relevant Fund Documents. Typically,
the Shareholder brokerage fees and costs will be deducted from the proceeds paid by the Fund for
the Portfolio Company Securities.

For the SIFs and MIFs, FGA typically requires prospective Fund investors to engage FSEC to broker
and close the purchase of a Fund interest from the Fund. FSEC charges brokerage fees (which are
typically 0-5% of the amount of the investor’s subscription to the Fund). FGA also directs Fund
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Item 7 – Types of Clients

    Describe the types of clients to whom you generally provide investment advice, such as
    individuals, trusts, investment companies, or pension plans. If you have any requirements for
    opening or maintaining an account, such as a minimum account size, disclose the
    requirements.

    FGA’s clients consist of the Funds. The requirements to subscribe for Fund interests are contained
    in the applicable Fund’s Fund Documents. Each underlying investor in a Fund must be, at minimum,
    an “Accredited Investor” as defined in Regulation D under the Securities Act. The Funds generally
    require a $100,000 minimum investment, which can be waived in the sole discretion of FGA. With
    the exception of additional Funds, FGA does not anticipate providing investment advisory services
    to any other clients.