GSV Equity Holdings LLC

Item 5.       Fees and Compensation

The Adviser or its affiliates generally receive Consulting Fees and Carried Interest (each as defined
below) or similar performance-based remuneration from an Advisory Client or an investment held
by an Advisory Client (each, an “Investment”). Investments may also make other payments to the
Adviser or its affiliates for services provided to it. The fee structures described herein may be
modified from time to time. Further details about certain common fees and expenses are set forth
below.

Consulting and Other Fees

Consulting Fees

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As compensation for consulting and advisory services rendered to the Investments, the Adviser
receives from each such Investment a consulting fee (each, a “Consulting Fee”). The precise
amount of, and the manner and calculation of, the Consulting Fees for each Investment are
established by the Adviser and are set forth in a Consulting and Advisory Services Agreement with
each such Investment. The Consulting Fees and other fees and distributions described herein are
generally subject to modification, waiver or reduction by the Adviser in its sole discretion. While
the Advisory Clients do not directly pay the Consulting Fee, they indirectly bear their pro rata
portion of the Consulting Fee by virtue of their investment in the Investment.

The Adviser from time to time enters into economic and/or other fee-sharing arrangements with
respect to one or more Advisory Client and/or certain limited partners thereof, the rights of which
will not generally be made available to other limited partners.

Consulting Fees billed to and received from the Investment are generally payable quarterly in
arrears.

Other Fees

In addition to the Consulting Fees and Carried Interest, the Adviser and its affiliates from time to
time receive a variety of other cash, equity and other non-cash fees relating to the investment
activities of an Advisory Client and the Investments including transaction fees, monitoring fees,
directors’ fees, advisory fees, organization and financing fees, operational fees, commitment fees,
break-up and topping fees, divestment fees, termination fees, project fees, fees relating to the
arrangement of acquisitions or other financial restructuring, investment banking fees, fees relating
to credit origination, loan syndication, loan servicing and/or other types of management consulting
and other similar operational and financial matters and/or other fees and annual retainers from, or
with respect to, the Investments or prospective Investments (collectively with the other fees
described in this section, “Other Fees”). The amount and timing of Other Fees received by the
Adviser or its affiliates are generally specified in the agreement or other documentation governing
the applicable transaction.

Consulting Fees and Other Fees are often substantial and may be paid in cash, in securities of the
Investments or prospective Investments. The payment of Consulting Fees and Other Fees and
reimbursements by Investments and prospective Investments will, in some, but not all,
circumstances create a conflict of interest between the Adviser and its affiliates, and the Advisory
Clients and their investors, because the amounts of these Consulting Fees, Other Fees and
reimbursements are often substantial and the Advisory Clients and their investors generally do not
have a direct interest in these fees and reimbursements. The Adviser determines the amount and
timing of these Consulting Fees and Other Fees for the services provided and reimbursements in
its own discretion, subject to agreements with sellers, buyers, and management teams, the board
of directors of or lenders to the Investments, and/or third-party co-investors in its transactions.
Generally, the amount of such fees and reimbursements will not be disclosed to investors in the
Advisory Clients.

In many cases with respect to the implementation of the arrangements described above, there is
not an independent third party involved on behalf of the relevant Investment and therefore the fees
are not subject to a market check. A conflict of interest exists in the determination of any such

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fees and other related terms in the applicable agreement with the Investment by virtue of the
Adviser acting on behalf of both parties.

In addition, the Adviser or its personnel, on behalf of the Adviser, may receive stock of an
Investment as an Other Fee due to the service of such personnel on the board of such Investment
or as compensation for other services provided to such Investment. In such event, the recipient
will generally act in its own interest with respect to the stock received as an Other Fee (including,
for instance, determining to sell the distributed securities, or hold on to the distributed securities
for such time as such recipient shall determine in its sole discretion). The ability of such recipients
to act in their own interest with respect to the stock received as an Other Fee creates a conflict of
interest between the Adviser, as an adviser to the Advisory Clients and its personnel, on the one
hand, and the Advisory Clients, on the other hand, because the recipient’s interests may not be
aligned with those of the Advisory Clients and the recipient may determine to sell the stock
received at a different time, or on different terms, than the Advisory Client would sell its interest.

Expense Reimbursements

An Investment will typically reimburse the Adviser for expenses, including without limitation,
travel and travel-related expenses, meals and entertainment expenses (including, as applicable,
closing dinners and mementos, cars and meals, social and entertainment events with Investment
management, customers, clients, borrowers, brokers and service providers), expenses relating to
training programs, meetings or other events (to the extent such programs, meetings or events are
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Item 7.       Types of Clients

The Adviser currently provides investment supervisory services to the Advisory Clients.
Investment advice is provided directly to the Advisory Clients and not individually to investors in
such Advisory Client.

Interests in the Advisory Clients are offered pursuant to applicable exemptions from registration
under the Securities Act and the 1940 Act. Investors in the Advisory Clients are generally
“qualified purchasers” as defined in the 1940 Act.

The Adviser does not have a minimum size for an Advisory Client, but minimum investment
commitments may be established for investors in the Advisory Clients. The general partner of
each Advisory Client may in its sole discretion permit investments below the minimum amounts
set forth in the Organizational Documents of such Advisory Client.

GSV March 3, 2025