GDEV Management LLC

Item 5. Fees and Compensation

The fees and expenses that are applicable to an investment with the Adviser are set forth and agreed to in each
Fund’s Governing Documents. Prospective Investors must carefully review the Governing Documents of the Fund,
to review the specific fees and expenses applicable to their potential investment.

Certain Funds of the Adviser charge an annual investment management fee of 2% generally based on the amount
of the commitment under management during the investment period and based on the aggregate cost basis of
portfolio investments post investment period (the “Management Fee”). Please see the applicable Fund’s Governing
Documents for more information. The Management Fee will be payable in advance on a quarterly basis. Specific
details on withdrawals are set forth in the Governing Documents.

Further, the general partner or an affiliate thereof of certain Funds can earn a performance-based fee (the “Carried
Interest”) based on the profits of the Fund that is deducted from the investment proceeds of the limited partners.
Generally, the general partner generally receives Carried Interest of 20% of the profits of a Fund, subject to a hurdle.
The Fund’s Governing Documents include further details concerning the Carried Interest calculation.

The Adviser, in its sole discretion, may waive or modify the Management Fee or Carried Interest for Investors that
are members, employees or affiliates of the Adviser, relatives of such persons, and for certain large, strategic or
other investors.

In addition to the Management Fee and Carried Interest, in certain instances, the Adviser will charge additional fees
or expenses to the Clients or the portfolio companies of the Clients as payments for services rendered by the Adviser.
These fees include, but are not limited to, transaction fees, consulting or advisory fees, and other similar fees which
in each case may at times be offset against the Management Fee, subject to the applicable fund’s Governing
Documents. Additionally, Fund expenses include, but are not limited to, certain organizational expenses,
partnership expenses, or general operational expenses.

Item 7. Types of Clients

As described in Item 4, the Adviser’s Clients are pooled investment vehicles. The Adviser limits the investors in
the Funds to persons who are “accredited investors” as defined in the Securities Act of 1933, “qualified purchasers”
as defined in the Investment Company Act of 1940, or “qualified clients” as defined in the Advisers Act. Investors
in the Adviser’s Funds include, among others, individuals, trusts, pensions, endowments, and other institutional
investors. Any minimums for investors are disclosed in the applicable Governing Documents. However, the Adviser
has the discretion to waive minimum investment requirements for investment in a Client.