Forgelight LLC

Item 5         Fees and Compensation
Management Fees

ForgeLight is entitled to a management fee for providing management services to the Funds which are paid
in a manner and amount as set forth in each Fund’s Governing Documents. Management fees are generally
payable semi-annually in advance (i.e., on January 5 and July 5 for the respective semi- annual periods
beginning on January 1 and July 1 of each year). ForgeLight may elect for the management fee to be fully or
partially waived, including for ForgeLight related investors.

Carried Interest Allocation

The Funds are also generally subject to a carried interest of profits on distributions from the disposition of
investments or securities, subject to any applicable preferred return to limited partners. The specific manner
and amount in which the carried interest is paid is set forth in each Fund’s Governing Documents.
ForgeLight may waive or reduce the carried interest distributions otherwise distributable to it (or its affiliate)
with respect to any ForgeLight related investor.

Other Fees

ForgeLight and its affiliates may receive further fees, compensation, expense reimbursements or other similar
amounts from activities related or unrelated to the affairs of, or investments made by, a Fund (including a
Fund’s investments in a portfolio company), including, without limitation, salary, bonuses, stock options and
directors fees (whether in cash or options), employment, service or consulting arrangement, and such
amounts shall not in any way affect, reduce or be offset against any management fee or other amounts
payable under any arrangement to ForgeLight or any affiliate. Currently, ForgeLight provides consulting

services directly to certain portfolio companies and receives compensation. Wade Davis receives director
fees from the portfolio companies on whose board of directors he serves.

Expenses

Each Fund generally bears third party and out-of-pocket costs and expenses (including, without limitation,
attorneys’ fees, accounting fees and any fees (including any interest on deferred fees) charged and expenses
incurred by any placement agent designated by ForgeLight and other similar fees and expenses in connection
with the marketing and sale of interests in the Fund) incurred in connection with the organization of, and
issuance of interests in, the Fund, the managing member and special member of the Fund, if applicable, and
the Fund’s purchase of the portfolio companies.

Each Fund also pays costs and expenses relating to the Fund’s activities, to the extent not reimbursedby a
portfolio company, including:
(i)      all administrative expenses of, or associated with, the Fund incurred in the ordinary course, including
the cost of the preparation of the annual audit, financial and tax returns and tax reports required for members
(including the managing member or the special member, if applicable) or the Fund, financing expenses, cash
management expenses, advisory and consulting expenses and legal and accounting expenses, the fees and
expenses of any attorneys, compliance consultants or fund administrators and any registration, regulatory
and compliance expenses and other expenses, relating to registrations or filings of the Fund, the managing
member and its affiliates (including ForgeLight) with the SEC (including, but not limited to, fees for legal or
regulatory advice or submission costs, such as Forms ADV, PF, 13F, 13H, 13G/D, 3, 4 or 5) or other
regulatory bodies, including in foreign or local jurisdictions,
(ii)    all costs and expenses incurred by the Fund or ForgeLight in connection with sourcing, diligence,
developing, negotiating, structuring, acquiring, holding, monitoring and disposing of any portfolio company
or potential subsequent portfolio company, whether or not any portfolio company is ultimately made,
including, without limitation any financing, legal, accounting, escrow, administrative, advisory, consulting,
travel and related expenses, entertainment expenses, expenses associated with operating partners or
consultants or other personnel retained by a portfolio company, ForgeLight or their affiliates to provide
management, advisory or consulting services, the insurance, accounting, custodial, safekeeping, consulting
expenses, auditing expenses and due diligence expenses in connection therewith,
(iii)   brokerage commissions, registration fees and expenses, custodial expenses and other investment
costs actually incurred in connection with any portfolio company,
(iv)    principal, interest on, and costs, fees and expenses arising out of any borrowings, made by the Fund,
including, but not limited to, the costs and expenses incurred in connection with the arranging thereof,
(v)      the costs, fees and expenses of any litigation (including the amount of any judgment or settlement in
connection therewith, excluding costs, judgments or settlements with respect to which an indemnified party
is not entitled to indemnification hereunder) and indemnification or extraordinary expense or liability relating
to the affairs of the Fund,
(vi)     the fees, costs and expenses of any insurance premiums incurred in connection with the Fund’s
activities (including D&O liability or other insurance covering the managing member, ForgeLight, related
entities or affiliates thereof),
(vii)    third party expenses of liquidating the Fund,
(viii)   any registration expenses and any taxes, fees or other governmental charges levied against the Fund
and all expenses incurred in connection with any tax audit, investigation, settlement or review of the Fund,
(ix)    fees and disbursements of attorneys, consultants, accountants, third-party appraisers, fund
administration service providers, compliance consultants and valuation experts (to the extent third-party
appraisal services or valuation services are contemplated by the governing document of a Fund) and other

professionals,
...

Item 7           Types of Clients
ForgeLight provides discretionary investment advisory services to the Funds, as described in the Advisory
Business section. Each Fund operates as a pooled investment vehicle, and interests in the Funds are offered
pursuant to applicable exemptions from registration under the 1940 Act and the 1933 Act. Each Fund will
not be registered or be required to be registered under either the 1940 Act or the 1933 Act and will be
privately placed to qualified investors in the United States and elsewhere.

The minimum capital commitment for a member of a Fund is outlined in such Fund’s governing documents,
and commitment of lesser amounts may be accepted at the discretion of ForgeLight. In addition, Funds enter
into letter agreements or other similar agreements, commonly referred to as “side letters,” with certain
investors that provide such investor with additional or different rights (including with respect to access to
information and economic terms) than other investors.