Global Venture Management LLC

Item 5 – Fees and Compensation

     Private Equity Fund Management Services

     The Adviser charges a management fee on a Series-by-Series basis for each private equity
     fund, in such amount and on such terms as set forth in the fund offering documents that
     include Private Placement Memorandums and Series Supplements related to a particular
     Series (the “Management Fee”) which should be referred to for definitions and terms. The
     Adviser currently anticipates that the Management Fee for each Series will be paid
     annually, equal to two and a half percent (2.5%) of the Member’s initial capital
     contribution to the Fund unless otherwise set forth in a Series Supplement. The initial annual
     Management Fee shall be paid upfront at the time a Member enters into a Fund
     Subscription Agreement and shall be non-refundable. Thereafter, each annual
     Management Fee shall accrue and be paid to the Adviser out of any distributions to the
     Member, and prior to calculating the Carried Interest. Each annual Management Fee shall
     be due and earned by the Adviser on each anniversary of the acceptance of each
     Member’s Subscription Agreement for each Series.

     The fund manager may at its sole discretion waive or negotiate lower fees for certain fund
     investors. Further detailed descriptions of each of the funds and their terms are provided in
     the fund offering memorandum and related materials. While each fund typically requires a
     minimum investment amount, this may be waived or reduced at the sole discretion of the
     Adviser or fund manager.

Global Venture Management
                                                                                       53 Palmeras St., Suite 601
                                                                                     San Juan, Puerto Rico 00901

Item 7 – Types of Clients

     The Adviser provides investment management services to multiple funds that includes private
     equity pooled investment vehicles.

     With respect to any pooled investment vehicle, any initial and additional subscription
     minimums are disclosed in the offering memorandum for the pooled investment vehicle.
     Interest in the Funds are available only to Accredited Investors, Qualified Clients, and
     Qualified Purchasers, (individuals and entities), that meet the relevant Fund’s investment
     eligibility criteria per the offering documents and per applicable SEC rules and regulations.

Global Venture Management
                                                                                      53 Palmeras St., Suite 601
                                                                                    San Juan, Puerto Rico 00901