Grounded Capital LLC

Item 5: Fees and Compensation

Investment Advisory Fees. The fees applicable to the Funds are set forth in detail in the
corresponding Offering Documents. Grounded Capital charges an investment management
fee (“Management Fee”) per annum of up to 2% of the Investors’ capital commitments to the
Funds or as otherwise described in the Offering Documents.

Asset-based and related advisory fees applicable to other Clients are generally described in
the corresponding Advisory Agreement (“Advisory Fee”). Asset-based fees range up to 2.0%
per annum. The specific fee amount and manner of calculation vary by mutual agreement
between Grounded Capital and each such Client.

Under certain circumstances, Clients who pay an Advisory Fee and invest in the Funds do not
pay a Management Fee during the term of the advisory relationship with Grounded Capital.
Vehicles created specifically for and through which personnel invest do not charge
Management Fees. Advisory Fees incurred are billed and generally paid quarterly in advance,
and to the extent any such fees are charged in advance, Grounded Capital will promptly
refund any pre-paid but unearned and undisputed fees in the event of termination.

Underlying Investment Fees and Expenses. Fund investors are responsible for their share of
the costs, expenses, and liabilities relating to their investment in the Funds, as authorized under
the governing documents of the Funds. This includes a pro-rata portion of any fees and
expenses charged or borne by the underlying investments of the Funds; expenses incurred in
connection with the setup, formation, organization, structuring, offering, marketing, operation,
administration, litigation, insurance and indemnification obligations, regulation, taxation,
dissolution, liquidation, and termination of such Funds and/or the Funds’ general partners or
affiliates, as applicable; expenses related to the research, evaluation, due diligence,
negotiation, consummation, structuring, organization, holding, management, valuation,
winding up, disposition, dissolution, and liquidation of investments and investment-related
travel expenses (including, as applicable, those expenses that relate to investments that are not
consummated) of such Funds; any real property, personal or other taxes on investments,
documentary, recording, stamp and transfer taxes; legal fees; expenses incurred in connection
with the investigation, prosecution or defense of any claims by or against the Funds; audit and
accounting fees, including the preparation of annual or other reports and the costs associated
with preparing and distributing tax returns and Schedule K-1s; variable administrative
expenses, such as research and software expenses and other expenses incurred in connection
with data services providing price feeds, news feeds, securities and company information and
company fundamental data, all attributable to the portfolio companies, costs, fees and
expenses for other third party research, news industry information, analytics and expert
network or research resources; reporting and information management software and systems
used in connection with the Funds and their activities; consulting and retainer fees and
expenses related to the portfolio companies, including, but not limited to, (a) legal costs of
preparing any agreements related thereto and consulting, (b) professional services fees and
expenses (including public relations) relating to the Funds and their activities and (c) salaries of
employees of the Firm directly attributable to providing investment-related services to the
Funds, billed to the Funds at a commercially reasonable rate as determined in the discretion of
the general partner; registration, filing, compliance, reporting, depositary, legal, accounting or
administrative fees and expenses incurred to allow the Funds, the general partners, or their
affiliates to comply with non-U.S. federal, local and state laws and regulations, including their
compliance with the requirements of the Alternative Investment Fund Managers Directive or
any secondary legislation or guidance related thereto; out-of-pocket fees and expenses related
to regulatory compliance and costs and expenses incurred in connection with government and
regulatory filings required to be made in respect of the Funds or any alternative investment

vehicle, including Form PF; any extraordinary expenses (including, without limitation, all
litigation-related and indemnification and contribution expenses, including, without limitation,
the amount of any judgment or settlement paid in connection therewith); and all other fees,
costs, charges and expenses associated with the business, affairs and/or operations of the
Funds.

Investors in the Funds, and Clients who invest through vehicles other than the Funds, also bear
the economic effect of any fees (including management and, if applicable, incentive fees of
third-party sub-advisors and managers) and expenses (including brokerage fees and/or
commissions, trading fees and expenses, shareholder fees, private fund expenses, currency
hedging costs, interest expenses, custodial fees, bank charges, commitment fees and other fees
and amounts payable in connection with borrowing) of the portfolio’s underlying investments,
including investments made by the Funds, if any. Such fees and expenses are associated with a
variety of investments, including publicly traded securities, such as stocks and ETFs, mutual
funds (including money market funds), and other financial instruments, such as derivatives;
fixed income securities; real assets, including real estate; asset-backed securities or other
structured debt or equity investment products; assets in “qualified opportunity zones” (“QOZ”);
private funds managed by a third-party manager; direct investments, co-investments, and
“secondary” investments.

In some cases, Grounded Capital or its personnel or affiliates serve as members or observers
...

Item 7: Types of Clients

Grounded Capital’s Clients are comprised of the Funds and other client investment vehicles.
Such client investment vehicles are typically held by, among others, institutions, high net-worth
individuals, and other sophisticated investors.