Framework Ventures Management LLC

Item 5. Fees and Compensation

Management Fees

One of the Funds, Framework Ventures IV L.P. (“Fund IV”) charges an investment management fee
(“Management Fee”) payable to Framework (or its designee) pursuant to the applicable investment
management agreement. The Management Fee, which is payable quarterly in arrears, is (a) is 2% per annum
of limited partner capital commitments during Fund IV’s investment period, and (y) 1.0% per annum of limited
partner capital commitments thereafter.

Framework, in its sole discretion, has the authority to reduce, waive, modify or calculate differently, in whole
or in part, the Management Fee for any Investor (including employees, strategic partners, or affiliates of
Framework). The Management Fee is established at the time of the closing of a capital commitment by an
Investor and is generally paid by the Fund out of capital contributions called from Investors, or out of amounts
withheld from distributions to Investors or out of borrowings by the Fund. The Management Fee, including
such fee reduction arrangements, is described in further detail in Fund IV’s Organizational Documents.

Item 7. Types of Clients

Framework provides investment advice to pooled investment vehicles (also referred to as Funds), which are
Framework’s clients, and references through this Brochure to “clients” and to Framework’s related duties to,
and practices on behalf of, its clients should be construed accordingly. The Funds are structured as limited

partnerships or similar legal entities for which Framework and its related parties serve as managing member
or general partner and investment manager. The Funds rely on rules promulgated under the United States
federal securities laws that exempt privately offered partnerships from registering as investment companies.

The Funds’ interests are generally offered only to a limited number of individual and institutional investors
that qualify as: (i) “accredited investors”, as defined in Rule 501 under Regulation D promulgated under the
Securities Act, (ii) “knowledgeable employees”, or “qualified purchasers”, in each case as defined in the 1940
Act and the rules promulgated thereunder; and (iii) “qualified clients” as defined in the Advisers Act (or who
meet other investor eligibility criteria that may be applicable). In general, the investors in the Funds include
endowments and foundations, funds of funds, family offices, high net worth individuals, and other institutional
investors. The criteria for investment in each Fund are set forth in such Fund’s offering documents.

The Organizational Documents of each Fund generally provide for a minimum investment commitment
(typically ranging from $100,000 to $1,000,000), although minimum investment commitments have in the past
and will in the future be subject to waiver at the discretion of the Firm or the applicable General Partner.