HCG Fund Management LP

ITEM 5 – FEES AND COMPENSATION

Management Fee

HCG generally charges asset-based investment advisory fees to each Fund (“Management Fee”).
Management Fees paid by a Fund, or applicable Series in the case of Digital Finance Funds, are indirectly
borne by investors in such Fund or applicable Series. Such Management Fees are deducted from Fund or
applicable Series assets and generally payable quarterly or monthly, in arrears or in advance, as described
in more detail below. The precise amount of, and the manner and calculation of, the Management Fee for
each Fund and applicable Series is established by HCG, as may be modified by negotiations with investors
in the applicable Fund or applicable Series (typically in the form of side letters) and is set forth in the
applicable Fund Documents received by each investor prior to investment in such Fund or Series.

Digital Finance Funds:

All Management Fees will be paid by the applicable Series at the Digital Finance Master Fund level and no
segregated portfolios of the Digital Finance Feeder Fund will bear any management fees, unless the
Investment Adviser elects to receive the Management Fees at the segregated portfolio level instead of the
Digital Finance Master Fund level (in those circumstances, the Investment Adviser may, in its sole
discretion, reduce or waive any such fees at any time, including in particular during any wind-down of the
Digital Finance Feeder Fund’s business).

Consistent with the terms of the restructuring Series C pays a maximum quarterly Management Fee equal
to 1/4th of 2% (or 2% annualized) of the net asset value of its series.. Series V26 pays a monthly
Management Fee equal to 0.10417% (or an annual rate of 1.25%) of the aggregate capital contributions of
limited partners associated with Series V26 from the first date on which a Capital Contribution is received
by Series V26 through the Term of Series V26. Series L will pay no additional Management Fees. Digital
Finance Fund investors do not have the ability to choose to be billed directly for fees.
HCG will generally not charge any Management Fees to any Portfolio Funds through which an Investing
Series (as defined below) make their investments but if a Portfolio Fund issues debt or preferred equity or
equity securities to third-party investors, HCG may charge Management Fees with respect to the capital
contribution made by such third-party investors. If a Portfolio Fund procures leverage by issuing securities
to third-party investors representing senior positions in such Portfolio Fund relative to the Investing Series’
interest in such Portfolio Fund, Management Fees paid by the Portfolio Fund to HCG with respect to the
capital contributions made by such third-party investors may provide an incentive to HCG to give
preference to such leverage arrangements over traditional bank leverage facilities, in which lenders would
typically not pay any such fees to HCG.

Digital Ventures Funds:
Digital Ventures Funds pays the Investment Adviser an annual Management Fee, payable quarterly in
advance, initially equal to 1% to 1.5% of the aggregate capital commitments. After the expiration of the
commitment period or investment period as disclosed in their applicable Fund Documents, the Management
Fee equals 0.5% of (i) the aggregate commitments that have been called less (ii) distributions constituting
returns of capital. The Management Fee commenced as of the designated effective date based on total
commitments, regardless of when an investor was actually admitted to Digital Ventures Funds. Investors
participating in a subsequent closing after the effective date will be assessed Management Fees retroactive
to the effective date and, in addition, will be charged interest on such amounts at a rate of 8% per annum
from the effective date.

The General Partner, HCG or other affiliates of Digital Ventures Funds may from time to time receive
monitoring fees, director’s fees, management agreement termination fees, transaction fees and break-up
fees from Portfolio Companies or proposed portfolio companies; the Management Fee will be reduced by
100% of Digital Ventures Funds’ share of all such fees. To the extent any application of the foregoing
sentence would reduce the Management Fee for a given quarter below zero, such credit against the
Management Fee will be carried forward for future application.

Irish DAC:
In connection with its advisory services to Irish DAC, HCG receives an annualized fee of 0.50% paid
monthly of the aggregate outstanding principal amount of certain senior notes issued under its note issuance
program as well as $5,000 monthly calculation agent fee, and $1,500 monthly cash manager fee. In addition,
following the occurrence of a liquidation event, HCG would be eligible to receive an incentive fee (if any)
to the extent of available funds, subject to the terms of its advisory agreement. Irish DAC is not charged
any management fees or incentive fees in connection with Digital Finance Master Fund’s investments in
subordinated notes issued by Irish DAC. Digital Finance Master Fund is not charged any additional
management fees or incentive fees at the Irish DAC level in connection with its investments in securities
issued by Irish DAC.

Point Coinvest and Flex Coinvest:
In connection with its advisory services to Point Coinvest and Flex Coinvest, HCG is not entitled to a
management fee. The managing member is HCG DV GP LLC, and is an investor in both vehicles and may
receive a 20% carried interest.

Separately Managed Accounts (“SMAs”):
In connection with its advisory services to SMAs, HCG contemplates receiving a Management Fee of
typically from 0.5% to 2.5% of the average monthly outstanding principal balance of all eligible Digital
Private Credit Assets owned by the SMA. HCG anticipates that advisory fees for SMAs will vary with the
inception date of an account, the initial or potential size of the account, and other factors that HCG deems
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ITEM 7 – TYPES OF CLIENTS

HCG’s only advisory clients as of the date of this brochure are the Advisory Clients referenced in Item 4.
Each investor in the Funds must meet certain eligibility provisions set forth in applicable subscription
documents, private placement memoranda, limited partnership agreements, limited liability company or
and other documents (“Offering Documents”). The minimum commitment for an investor in the Funds is
also outlined in the applicable Offering Documents, including the discretion of the General Partner to accept
less than the minimum investment threshold. Each investor in the Master Funds and each investor in the
Feeder Funds is required to meet certain suitability qualifications, such as being (1) an “accredited investor”
as defined in Regulation D under the Securities Act, (2) a “qualified client” as defined in Rule 205-3 under
the Advisers Act, and, in the case of the Digital Finance Funds, a “qualified purchaser” as defined in Section
2(a)(51) of the Investment Company Act. Irish DAC is not currently offering or issuing securities to any
U.S. persons other than the Digital Finance Master Fund. None of the senior notes issued by Irish DAC is
offered or issued to U.S. persons.