Fort Point Capital LLC

Item 5: FEES AND COMPENSATION

        In general, Fort Point receives a management fee and a carried interest in connection with
advisory services. Fort Point receives additional compensation in connection with management
and other services performed for portfolio companies of Funds and such additional compensation
will offset in whole or in part the management fees otherwise payable to Fort Point in accordance
with the Governing Documents. Investors in a Fund also bear certain expenses.

Management Fees

During its investment period, Fund I will pay , semi-annually partially in advance and partially in
arrears, a management fee (the “Management Fee”) equal to 2.0% on an annual basis of
aggregate investor capital commitments (“Commitments”) to Fort Point. Commencing with the
first Management Fee due date after the expiration of the investment period or earlier upon the
occurrence of certain events as set forth in the Governing Document, Fund I will pay Fort Point a
Management Fee equal to 2.0% of the cost basis of any investment then held by Fund I. The
Management Fee will be payable until all portfolio investments are disposed of or completely
written off or until Fort Point’s relationship with Fund I is terminated for other reasons (as
described in the Governing Documents).

        During its investment period, Fund II will pay the applicable Management Company or its
designated Affiliate, quarterly in advance, a Management Fee equal to 2.0% on an annual basis of
Commitments held by partners not designated as “affiliated partners” by the General Partner.
Commencing with the first Management Fee due date after the expiration of the investment period
or earlier upon the occurrence of certain events as set forth in the Governing Documents, the
Management Fee will equal 2.0% of (i) the aggregate investment contributions, less (ii) the
aggregate amount of investment contributions with respect to the portion of each investment that
has been disposed of or permanently written down. The Management Fee will be payable until all
portfolio investments are disposed of or completely written off or until Fort Point’s relationship
with Fund II is terminated for other reasons (as described in the Governing Documents).
Installments of the Management Fee payable for any period other than a full three-month period
are adjusted on pro rata basis according to the actual number of days in such period.

        During its investment period, Fund III will pay the applicable Management Company or
its designated Affiliate, quarterly in advance, a Management Fee equal to 2.0% on an annual basis
of Commitments held by partners not designated as “affiliated partners” by the General Partner.
Commencing with the first Management Fee due date after the expiration of the investment period
or earlier upon the occurrence of certain events as set forth in the Governing Documents, the
Management Fee will equal 2.0% of (i) the aggregate investment contributions, less (ii) the
aggregate amount of investment contributions with respect to the portion of each investment that
has been disposed of or permanently written down. The Management Fee will be payable until all
portfolio investments are disposed of or completely written off or until Fort Point’s relationship
with Fund III is terminated for other reasons (as described in the Governing Documents).
Installments of the Management Fee payable for any period other than a full three-month period
are adjusted on pro rata basis according to the actual number of days in such period.

       To the extent specified in a Fund’s Governing Documents, Fort Point Capital or another
Fort Point entity will be permitted to receive certain supplemental fees and other amounts

 (“Supplemental Fees”) consisting of: (i) directors’ fees, financial consulting fees or advisory fees
 paid to Fort Point with respect to any Fund investment; (ii) transaction fees paid to Fort Point with
 respect to any Fund investment; and (iii) break-up fees with respect to Fund transactions not
 completed that are paid to Fort Point, in each case net of certain expenses (including those
 described below) as set forth in the Governing Documents. The Governing Documents generally
 will provide that Supplemental Fees received by Fort Point will be credited against management
 fees otherwise owed to Fort Point in a specified percentage (e.g., 80%). The remaining amount of
 such Supplemental Fees will be retained by Fort Point. To the extent that such an offset credit
 would reduce the Management Fee for a given quarterly or semi-annual period below zero, the
 credit will be carried forward to reduce the Management Fee payable in following quarterly or
 semi-annual periods and if a credit remains upon the Fund’s final distribution of assets, a payment
 will be made crediting limited partners (other than, as applicable, limited partners designated as
 “affiliated partners” by the applicable General Partner) unless a limited partner has elected to waive
 such amount (e.g., where an adverse tax consequence potentially will result).

          As a matter of practice, Fort Point is typically paid fees of the type referred to in the
 preceding paragraph from, on behalf of or with respect to co-investors in an investment. The receipt
 of such fees generally will not reduce the Management Fee payable by any Fund(s) that have also
 invested in such investment, and, as a result, such Fund will, in most cases, only benefit with respect
 to its allocable portion on a fully diluted basis of any such fee and not the portion of any fee that
 relates to such co-investors or potential co-investors, which have the potential to be significant.
 Additionally, as further described below and in the Governing Documents, it is Fort Point’s
 practice to retain certain professionals to be a part of Fort Point’s Operating Advisory Board (the
 “Operating Advisory Board Members”) to provide services to (or with respect to) certain
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Item 7: TYPES OF CLIENTS

       Fort Point provides investment advice solely to its Fund clients, and references throughout
this Brochure to “clients” and to Fort Point’s related duties to and practices on behalf of its clients
and/or investors should be construed accordingly. The Funds generally include investment
partnerships or other investment entities formed under domestic or foreign laws and operated as
exempt investment pools under the Investment Company Act of 1940, as amended. The investors
participating in the Funds generally include individuals, banks or thrift institutions, other
investment entities, university endowments, sovereign wealth funds, family offices, pension and
profit-sharing plans, trusts, estates or charitable organizations or other corporations or business
entities and from time to time include, directly or indirectly, principals or other employees of Fort
Point and members of their families, Operating Advisory Board Members or other service
providers retained by Fort Point.

       The relevant General Partner also generally is permitted from time to time to establish
Funds that are alternative investment vehicles in order to permit certain investors to participate in
one or more particular investment opportunities in a manner desirable for tax, regulatory or other
reasons. Alternative investment vehicle sponsors generally have limited discretion to invest the
assets of these vehicles independent of limitations or other procedures set forth in the
organizational documents of such vehicles and the related Fund.

        The Funds generally have a minimum investment amount of $5,00,000 for third-party
investors, and Fund interests generally are offered and sold solely to accredited investors and
qualified purchasers (or qualified knowledgeable Fort Point personnel). Fort Point generally is
permitted to waive such minimum investment amount.