GEC Advisors LLC

ITEM 5: Fees and Compensation

A. Each Fund pays the Advisor a management fee equal to 2.0% per year of the aggregate capital
   commitments (and, after termination of its investment period, of invested capital, net of
   permanent write-downs), payable semi-annually, partially in arrears and partially in advance.
   The management fee is subject to reduction due to certain fees received by the Advisor or its
   affiliates, including transaction fees, directors’ fees, and monitoring fees. Certain Funds have
   incurred management fee offsets due to directors’ fees received in connection with a portfolio
   company that has transitioned to a publicly traded company through an IPO in January 2025.

   In terms of performance-based fees, 20% of the Funds’ net investment proceeds are allocated
   to the capital account of an affiliate of the Advisor as “carried interest.”

   The Advisor has discretion to reduce or waive management and/or performance-based fees with
   respect to one or more investors. For a more complete description of the terms and conditions
   of the Advisor’s management of Fund accounts, please refer to the Funds’ offering documents.

B. The management fee for a Fund is paid in advance generally by way of a drawdown of capital
   from investors in the applicable Fund but may be paid from any other asset owned by the
   applicable Fund (including amounts received by the applicable Fund in respect of a portfolio
   investment and/or reserved by the applicable Fund).

   Each of the Funds will pay the costs and expenses related to its respective operations, including,
   without limitation: (i) expenses incurred in connection with the evaluation, acquisition, and
   disposition of investments (including transactions not consummated); (ii) expenses incurred in
   connection with the carrying or management of investments, including custodial, trustee, record
   keeping, and other administrative fees; (iii) expenses incurred in connection with the
   preparation and audit of the Fund’s financial statements, tax returns, and Schedule K-1s; (iv)
   attorneys’, administrators’, accountants’ and consultants’ fees and disbursements; (v) taxes and
   other governmental charges levied against the Fund; (vi) insurance (including insurance
   covering the Fund’s general partner, the members of the investment committee, the Fund’s
   general partner’s affiliates and related entities, the Advisor and any other person acting on
   behalf of the Fund or Fund-related entities with respect to the activities of the Fund), regulatory
   or litigation expenses (and damages), including regulatory expenses of the Fund’s general
   partner and the Advisor relating to the activities of the Fund; (vii) expenses incurred in
   connection with the winding up or liquidation of the Fund or Fund-related entities; (viii)
   expenses not otherwise reimbursed relating to defaults by Partners in the payment of any capital
   contributions; (ix) expenses incurred in connection with any restructuring or amendments to the

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   constituent documents of the Fund and related entities, including the Fund’s general partner and
   the Advisor if requested by investors; (x) expenses incurred in connection with distributions to
   the partners; (xi) expenses incurred in connection with any reports to and meetings of the
   advisory committee and the partners, including counsel and other advisors to the advisory
   committee; (xii) expenses relating to the Fund’s indemnification obligations; and (xiii)
   management fees (as described above).

C. The Advisor charges management fees quarterly, partially in arrears and partially in advance.
   The Advisor will refund any pre-paid management fee by a Fund if the advisory contract with
   such Fund is terminated before the end of the billing period. Management fee refunds are
   calculated on a pro-rata basis for partial periods. Performance fees, if any, will be charged only
   upon the end of the fiscal year.

D. Neither the Advisor nor its supervised persons accept compensation for the sale of securities or
   other investment products, including asset-based sales charged or service fees from the sale of
   mutual funds.

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ITEM 7: Types of Clients

The Advisor’s clients are private funds whose investors are high net worth individuals,
partnerships, pension and profit-sharing plans, and other institutions. The minimum investment in
each Fund is $5,000,000. In each case, however, the Advisor has discretion to accept lesser
amounts.

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