Full in Partners Management LLC

ITEM 5. FEES AND COMPENSATION

The specific terms of Full In’s fees and compensation arrangements are set forth in each of
the Fund’s Offering Documents. The Firm generally charges an annual management fee
(“Management Fee”) which ranges from 1.5% - 2.5% of Investor commitments during a
Fund’s investment period. Full In is permitted, in its sole discretion to reduce, waive or
calculate differently the Management Fee with respect to any Investors including, without
limitation, Investors that are affiliates of Full In.

Along with the Management Fee, Investors are generally subject to a performance-based
profit allocation (“Carried Interest”) with respect to realized investments as further
described under Item 6 of this Brochure. The Carried Interest (if due) is payable to Full In.
If a Fund’s Carried Interest results in an over distribution of the agreed upon percentage of
Carried Interest as of certain measurement dates specified in the Offering Documents, Full
In is generally subject to an after-tax “clawback” obligation. Carried Interest is generally
calculated as a percentage of profits after Investors have received a preferred return. The
maximum Carried Interest allocable to Full In is 20% of the realized profits derived from
the disposition of investments (after taking into account costs and expenses of the Funds,
including Management Fees, and following a preferred return to Investors of up to 8%
annually). Full In may, in its sole discretion, reduce, waive or calculate differently Carried
Interest with respect to any Investors including, without limitation, Investors that are
affiliates of Full In.

Full In generally deducts the Management Fee from the Funds’ accounts quarterly in
advance, as further disclosed in each Fund’s Offering Documents.

In addition to the Management Fee described above, each Fund will bear legal and other
organizational and fundraising expenses (including legal, accounting, filing, capital raising,
travel and accommodation expenses, printing and other similar costs) incurred in
connection with the formation of the Partnership (“Organizational Expenses”) up to an
amount equal to $1,000,000. Organizational Expenses in excess of this amount, if any
(“Excess Organizational Expenses”), will be borne by the Firm and its affiliates and will
reduce, on a dollar for dollar basis, Management Fee installments payable by the Funds.

The Funds will also bear all costs and expenses relating to the Funds’ activities (to the
extent not reimbursed by a portfolio company) (collectively, the “Fund Expenses”),
including without limitation: (i) expenses for sourcing, evaluating, executing, managing,
and exiting investments—including legal, accounting, consulting, financing, due diligence,
travel, software, and costs for unsuccessful deals; (ii) expenses for administering and
monitoring investments; (iii) routine administrative and reporting costs such as audits, tax
filings, regulatory and compliance fees, and related software; (iv) brokerage, custodial, and
registration fees; (v) costs related to borrowings or guarantees; (vi) litigation and
indemnification expenses; (vii) dissolution or winding‑up costs; (viii) taxes and costs from
tax audits; (ix) Advisory Committee and meeting expenses; (x) certain placement agent fees
(to the extent offset against Management Fees); (xi) expenses for financial statements,
reports, and tax schedules; (xii) professional fees for service providers; (xiii) insurance
premiums; (xiv) expenses related to partner defaults; (xv) distribution-related costs; (xvi)
costs for amendments or waivers to Fund documents; (xvii) post‑closing obligations on
dispositions; (xviii) costs of forming and maintaining alternative investment vehicles; and
(xix) any other authorized out‑of‑pocket administrative expenses. The inclusion of an
expense category in a Fund’s Fund Documents will not impose on Full In an obligation to
charge an expense (or the full amount of that expense) to that Fund; instead, permitted

expenses will be allocated and charged in Full In’s discretion to the Fund(s) it deems
appropriate.

Neither Full In nor any of the Firm’s supervised persons will accept compensation for the
sale of securities or other investment products.

ITEM 7. TYPES OF CLIENTS

As further described in Item 4 of this Brochure, the Firm provides investment management
services to the Funds, which are private fund investment vehicles exempt from registration
under the Investment Company Act of 1940, as amended (“Investment Company Act”).
Investors in the Funds include a variety of institutional investors, high net worth
individuals and family offices. All Investors are required to be either “qualified purchasers”
or employees who are deemed to be “knowledgeable employees” under the Investment
Company Act or must otherwise be permitted to invest under applicable securities laws.

Prospective Investors should refer to the Offering Documents of each respective Fund for
information on minimum investment requirements. Typically, Full In will require a

minimum investment of $5,000,000, although, the Firm maintains discretion to
individually waive, increase or reduce the minimum investment required.