Humble Management LLC

ITEM 5: FEES AND COMPENSATION

Management Fees

Humble earns a management fee from the Funds in accordance with the Offering Documents. Humble
and/or Humble Growth Fund GP I, LLC, the general partner of the Funds (the “General Partner”), has the
authority to: (i) deduct management and performance-based fees from the assets of the Fund, and (ii)
authorize the payment of other fees and expenses to third parties from the assets of the Fund.

Humble generally charges the Fund, and consequently the underlying investors, an annual management fee
of 2.0% of the total capital commitments of the Funds during the investment period, which is reduced after
the investment period ends. Management fees are generally charged quarterly and are paid in advance.
Investors of the Funds are generally not eligible for partial refunds in the case of early withdrawals or
redemptions, but specific details are set forth in the Fund’s Offering Documents. Management fee terms
are negotiated during the fundraising period of each Fund. Humble may elect to waive all or a portion of
any future management fee payable by the Funds.

Refer to Item 6 below for a discussion of potential performance-based fees Humble may earn.

Organizational Expenses

The Funds will generally bear all organizational expenses incurred in connection with establishing such
Fund, and the marketing and offering of the interests (excluding placement agent fees), including out-of-
pocket expenses reasonably incurred by the General Partner and its affiliates (e.g., legal, accounting, travel
and accommodation expenses, filing fees, printing costs, postage and other delivery charges, etc.) up to
$1,500,000 (the “Organizational Expense Cap”). Any amounts in excess of the Organizational Expense
Cap will be borne by the General Partner, unless the advisory committee otherwise consents that all or any
portion of such excess amount will be borne by the Fund.

Fund Expenses

Detailed information regarding all the fees to be paid by the Funds are contained in the applicable Fund’s
Offering Documents. In addition to the management fee and performance-based fee, investors will bear
indirectly the costs and expenses charged to each Fund. Such costs and expenses will vary, but will
generally include (among others): expenses related to the offer and sale of the interests of the Fund
(including, responding to due diligence inquiries from prospective investors and printing costs and any
travel expenses associated therewith); expenses related to the transfer of interests of the Fund (including
opinions of counsel issued for the benefit of the Fund); fees of the administrator (if any), legal and
compliance expenses, costs of preparing required regulatory filings directly related to the Fund fees and
expenses (including, without limitation, license, subscription and usage fees) of software related to
monitoring and valuation of Fund investments; fees and expenses (including travel and travel-related
expenses) of third-party services provided to Fund investments, including, without limitation, research
(including expert-network access and third-party data services), procurement, consulting, administrative,
tax, regulatory, legal and other Fund investment related services; fees, costs and expenses related to
regulatory matters related to the Fund and the Fund’s compliance with U.S. and non-U.S. laws, rules,
regulations, policies, directives and special measures (including, without limitation, (i) any organizational
and ongoing costs resulting directly or indirectly from marketing the Fund in the E.U. or the U.K. under the
European Union’s Alternative Investment Fund Managers Directive or similar laws as enacted in the
relevant country, or from marketing the Fund in other non-U.S. jurisdictions, if applicable, and the cost of
any representative, distribution agent, paying agent or other third-party service providers required in
connection with or otherwise arising from the marketing or sale of interests in the Fund in non-U.S.
jurisdictions, (ii) costs and expenses incurred in complying with anti-money laundering or “know your
customer” laws, regulations or other similar requirements, government sanctions programs and cross-
border activity tracking (e.g., Treasury International Capital or Bureau of Economic Analysis filings) with
respect to the Fund, including the fees and expenses of third-party service providers related to such
compliance; and (iii) costs relating to filings under Section 13 or Section 16 of the Securities Exchange Act
of 1934, as amended, whether by the Fund, the General Partner, a Principal, the Adviser or direct or indirect
employees or beneficial owners of the foregoing, resulting from or attributable to, directly or indirectly,
investments by the Fund or the acquisition, holding or disposition thereof); fees, costs and expenses related
to filings with the Committee on Foreign Investment in the United States (or any successor thereto) or any
member agency thereof acting in its capacity as a member agency (“CFIUS”) or other matters related to
CFIUS, regardless of the reason for any such filing; costs and expenses related to compliance with the
Offering Documents and (to the extent not borne by a limited partner) any side letter or similar agreements
entered into with limited partners; all expenses incurred in connection with any restructuring or
amendments to the constituent documents of the Fund and related entities; offering and regulatory expenses
related to compliance with Form D, Form PF and Form BE-13, and other offering and solicitation regulatory
regimes, including any fees and expenses relating to implementing and monitoring of U.S. anti-money
laundering requirements, anti-bribery, environment, social and governance (“ESG”), cybersecurity and
privacy policies; fees and expenses of any advisory committee, costs and expenses of forming and operating
...

ITEM 7: TYPES OF CLIENTS

The Funds

As described in Item 4, Humble provides discretionary investment advisory services to the Funds, which
are organized as limited partnerships under the laws of the State of Delaware. The Funds limit their
investors to persons who are both “accredited investors” as defined in the Securities Act of 1933, as amended
(the “Securities Act”), and “qualified purchasers” as defined in the Investment Company Act of 1940, as
amended (the “Company Act”). Accordingly, Investors may include high net worth individuals and a variety
of institutional investors (e.g., trusts, employee benefit plans, endowments, foundations, corporations, and
other types of entities, including private funds of funds) meeting the terms of the exceptions and exemptions
under which the Funds operate and wishing to invest in accordance with the Funds’ investment objectives.
In addition, employees and other persons associated with Humble and/or its affiliates are investors in the
Funds. When accepting new investors, the Funds generally require a minimum investment of $1 million but
may accept lesser amounts at the discretion of Humble and/or the General Partner. Once an Investor has
invested, it generally may not pledge, assign, sell, exchange, or transfer its interest (or any portion thereof)
in the Funds, and no assignee, purchaser or transferee may be admitted as a substitute investor, except with
the consent of the General Partner, the consent of which may be given or withheld in the General Partner’s
sole and absolute discretion.

Humble expects each Fund to qualify for exclusion from the definition of “investment company” under the
Company Act pursuant to Section 3(c)(7) thereunder, and to offer interests to investors pursuant to
Regulation D or Regulation S under the Securities Act. This brochure is designed solely to provide
information about Humble and should not be considered to be an offer of interests in any Fund or any

future Client. Any such offer may be made only by delivery to the prospective investor of the
applicable Offering Documents. Investors considering an investment in the Funds should consult with
their own investment, tax and/or legal consultants prior to investing.

Co-Investment

When the General Partner deems it appropriate and consistent with the interests of a Fund, it may, but shall
not be obligated to, provide such Fund’s limited partners or third parties with co-investment opportunities.
Decisions regarding whether and to whom to offer such co-investment opportunities are made at the sole
discretion of the General Partner. The General Partner may arrange for the organization of a new limited
partnership or other type of entity to serve as a co-investment entity. The terms of any such co-investment
are negotiated by the General Partner and the potential co-investor on a case-by-case basis in their respective
sole and absolute discretion. The General Partner may make a nominal investment in any vehicle formed
for a co-investment opportunity. Co-investors typically would bear their pro rata share of various fees, costs,
and expenses related to their co-investments and in some instances are required to pay their pro rata share of
fees, costs and expenses related to their potential co-investments that are not consummated, such as reverse
breakup fees or broken deal costs. To the extent co-investors do not agree to or do not otherwise bear fees,
costs and expenses related to unconsummated co-investments, such fees, costs, and expenses will typically
be borne by the Fund that would have participated in such investment had it been consummated, as
determined by Humble, in each case, in excess of the Fund’s pro rata allocation based on its expected
participation in any such investment. Notwithstanding the foregoing, detailed information regarding the
Fund’s co-investment opportunities will be contained in the Offering Documents.