GSV Ventures Management LLC

FEES AND COMPENSATION

       For Venture Funds, GSVV typically charges what we believe to be a standard Fee/Carry
structure of 2%/20%, although earlier funds have had a structure of 2.5%/20%. Carry is based on
overall fund performance, rather than deal by deal which can change incentives, and allocated
amongst the partners, senior team members, investment team, and select strategic advisory board
members accordingly. A portion is held in reserve for any additions to the investment team or
advisory board. Our distribution waterfall is European (return of capital) and the General Partner
does not take carry on a deal-by-deal basis.

                                                           FORM ADV PART 2A: Firm Brochure

      The SPVs conduct an annual capital call to collect the management fee, which paid to the
manager on a quarterly basis.

         GSVV typically deducts management fees and performance allocations directly from its
funds.

      GSVV believes that its fees are competitive with fees charged by other investment advisers
for comparable services. Comparable services may be available, however, from other sources for
lower fees.

EXPENSES
      As more fully described in each Client’s respective governing documents, GSVV bears some
expenses incurred by or on behalf of each of the Clients, as applicable, in its organization,
operation, liquidation and/or termination. Certain SPVs are subject to expense caps.

Item 7: Types of Clients

The Firm will primarily provide investment advice to the Venture Funds as described above.
GSVV provides investment advisory services solely with respect to affiliated private pooled
investment vehicles and co-investment vehicles, its sole advisory clients.

         In general, the minimum investment that we require by an investor in a private fund which we
sponsor and manage is US $100,000 for high net worth individuals and $5,000,000 for institutional
clients. Lesser amounts, however, may be accepted in our sole discretion.

        Venture Fund interests are only offered to certain investors that are (i) “accredited investors”
as defined in Regulation D of the Securities Act of 1933, as amended and (ii) “qualified clients” as
defined in the Investment Advisers Act of 1940, as amended (the “Advisers Act”) or certain other
“knowledgeable employees” of the Firm.

                                                          FORM ADV PART 2A: Firm Brochure