Gridline Advisors LLC

Item 5. Fees and Compensation
Advisory Fees

Gridline Advisors provides investment advisory services to each Fund pursuant to the applicable
Agreements. The Agreements for each Fund, along with the Governing Fund Documents, set forth
in detail the fee structure relevant to each such Fund. The terms of the Agreements and Governing
Fund Documents are generally established at the time of the formation of the applicable Fund.

Investors into the Funds generally pay an annual fee to Gridline Advisors (the “Management Fee”)
between 0.25% and 1.00% depending on the amount of capital invested and fund structure. The
Management Fees charged to Investors may vary depending on the specific Fund(s) the Investor
is invested in. Investors may receive certain Management Fee offsets depending on the Investor’s
relationship across the Funds.

The Management Fee is invoiced and payable in advance at the time of each capital contribution
made by an investor.

Aggregate AUM-Based Management Fee

For certain Funds, the Management Fee for each investor is calculated as a flat annual percentage
of such investor’s capital commitment to the Fund, multiplied by the number of years in the
applicable term of the Fund (including any extensions), as set forth in the Governing Fund
Documents of the relevant Fund. This fee applies to all investors in the Fund irrespective of any
individual investor’s aggregate capital invested across other Funds. This fee structure applies
across fund structures. The Fund AUM-Based Management Fee is paid from capital contributions
made by investors to the Fund. To the extent the Fund is dissolved, liquidated, or terminated or an
investor is redeemed from a Fund prior to the end of its applicable term, investors will be refunded
their pro rata portion of any Management Fees paid in respect of periods that have not yet occurred.

Fund-Specific Management Fee

For certain Funds, the Management Fee applicable to all investors in a given Fund is determined
based on the total AUM of that particular Fund or vehicle, irrespective of any individual investor’s
aggregate AUM across other Funds, as set forth in the Governing Fund Documents of the relevant

Fund. This fee structure applies across fund structures. The Fund/Vehicle AUM-Based
Management Fee is invoiced and payable in advance at the time of each capital contribution, or
annually for Sub-Advised Funds.

Fee Deduction

Each investor’s Management Fee will be deducted from the Funds’ escrow account at the time of
each capital contribution in accordance with the Governing Fund Documents. For Sub-Advised
Funds, each investor’s Management Fee will be deducted from the Funds’ escrow account
annually in accordance with the Governing Fund Documents.

Other Fees and Expenses

Platform Technology Fee

Gridline, LLC (“Gridline OpCo”), an affiliate of Gridline Advisors, charges sponsors or their
affiliates (each, a “Sponsor”) a platform technology fee (the “Platform Technology Fee”) pursuant
to a Master Services Agreement between Gridline OpCo and the Sponsor. The Platform
Technology Fee is charged in connection with all Funds and covers services provided by Gridline
OpCo to the Sponsor, including access to and use of Gridline OpCo’s proprietary web platform,
secure hosting of Fund information and documents, investor account access and performance
reporting, capital call and distribution management, fundraising progress tracking, document
preparation and regulatory compliance services (including preparation of offering documents,
Form D filings, and state blue sky filings), implementation and integration support, and ongoing
technical and user support. The Platform Technology Fee is an annual fee that may be fixed or
may be determined based on the applicable Fund’s assets under management. The Platform
Technology Fee is generally borne by the Sponsor; however, depending on the terms of the
applicable Governing Fund Documents and Master Services Agreement, the Platform Technology
Fee may be passed through to the applicable Fund as a Fund expense. The Platform Technology
Fee is generally invoiced quarterly in advance by Gridline OpCo. Depending on the terms of the
applicable Governing Fund Documents and Master Services Agreement, the Platform Technology
Fee may be charged in lieu of, or in addition to, the Management Fee payable to Gridline Advisors.
Where the Platform Technology Fee is charged in lieu of a Management Fee, investors do not pay
a separate Management Fee to Gridline Advisors, as the Platform Technology Fee paid by the
Sponsor covers the costs associated with Fund operations. Where the Platform Technology Fee is
charged in addition to a Management Fee, investors will bear both the Management Fee payable
to Gridline Advisors and the Platform Technology Fee payable by the Sponsor, each as set forth
in the applicable Governing Fund Documents and Master Services Agreement. Because Gridline
OpCo is an affiliate of Gridline Advisors, the receipt of Platform Technology Fees by Gridline
OpCo creates a potential conflict of interest, as Gridline Advisors may have an incentive to
recommend or allocate investments to Funds for which Gridline OpCo receives such fees. Gridline

Advisors seeks to mitigate this conflict through its allocation policies and procedures and by
disclosing the arrangement to investors in the applicable Governing Fund Documents.

Fund Expenses

Each Fund will bear all of its organizational and offering expenses and will reimburse the
respective Fund General Partner and/or Gridline Advisors, as applicable, to the extent that they
bear organizational and/or offering expenses on behalf of the Funds, as set forth in the Governing
Fund Documents. Such expenses may include (but are not limited to) all legal, accounting,
printing, travel, meals, lodging, entertainment and other expenses reasonably incurred by the
Funds, the Fund General Partners, affiliates of the Fund General Partners, persons authorized to
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Item 7. Types of Clients

Gridline Advisors provides investment advisory services to the Funds, as described above.

The Governing Fund Documents set forth the applicable investor suitability criteria and minimum
amounts for investment by prospective investors in such Funds. Gridline Advisors may, in its sole
discretion, waive any of these minimum account requirements, subject to applicable law.