Illumen Capital Management LLC

Item 5 – Fees and Compensation

        In general, the Adviser and/or its affiliates receive a management fee (the “Management
Fee”) in connection with advisory services. The Management Fee is paid quarterly in advance and
deducted from investors’ capital accounts at an annual percentage rate of such capital accounts as
follows:

               Illumen Capital, LP:            up to 1%

               Illumen Capital PRI, LP:        up to 1%

               Illumen Capital II, LP:         up to 1%

               Illumen Capital II A, LP:       up to 1%

               Illumen Capital III, LP:        up to 1%

               Illumen Catalyst Fund, LP:      up to 2%

        The general partner of each Fund, the Adviser, or their affiliates may from time to time
enter into side letters or other similar agreements with certain investors in the Funds that have the
effect of establishing rights under, or altering or supplementing the terms of, the relevant
Governing Documents with respect to such investors.

 Fund Expenses

        Each Fund bears, or reimburses its respective general partner entity or its affiliates for, all
costs and expenses incurred in connection with the Fund’s organizational expenses and the Fund’s
ongoing business and operations expenses (“Fund Expenses”), including, without limitation,
private placement fees, finder’s fees, expenses (including travel expenses) incurred in
investigating and evaluating investment opportunities (whether or not ultimately consummated),
principal and interest on borrowed money in connection with a subscription facility (and fees and
expenses related thereto), real property or personal property taxes on investments, including
documentary, recording, stamp and transfer taxes, brokerage fees or commissions, legal fees,
expenses incurred in connection with the investigation, prosecution or defense of any claims by or
against the Fund, including claims by or against a governmental authority, audit and accounting
fees, legal, accounting and consulting fees relating to investments or proposed investments, taxes
applicable to the Fund on account of its operations, fees incurred in connection with the

maintenance of bank or custodian accounts, all expenses incurred in connection with the
registration of the Fund’s securities under applicable securities laws or regulations, and travel
expenses incurred in managing and holding portfolio interests. Each Fund also bears the reasonable
cost of liability and other premiums for insurance protecting the Fund, its general partner, the
Principal, and the Adviser and its employees from liability to third parties, all out-of-pocket
expenses of preparing and distributing financial statements to investors as well as all costs of
governmental returns, reports and other filings, bookkeeping services, out-of-pocket expenses
associated with Fund communications with investors, including preparation of annual or other
reports to the investors, out-of-pocket costs associated with Fund meetings, limited partner
advisory committee meetings, all legal and accounting fees relating to the Fund and its activities
(including tax and financial statement preparation), fees and expenses relating to outsourced
finance, reporting, administration, accounting and back-office services (including those associated
with technology, equipment and software related to such services), all costs and expenses arising
out of the Fund’s indemnification obligations, all other expenses that are not normal operating
expenses of the Fund’s general partner, and all liquidation costs, fees, and expenses incurred by
the Fund’s general partner (or its designee) in connection with the liquidation of the Fund at the
end of the Fund’s term, specifically including, but not limited to, legal and accounting fees and
expenses.

        In addition to the costs and expenses noted above, Illumen Capital II, LP, Illumen Capital
II A, LP, Illumen Capital III, LP, and Illumen Catalyst Fund, LP bear all costs and expenses related
to collaborations with certain institutions focused on bias reduction, and all costs and expenses
related to coaching sessions, platforms or any other services or activities focused on bias reduction
provided to a portfolio entity.

Item 7 – Types of Clients

         The Adviser provides investment advice to the Funds. The Funds may include investment
partnerships or other investment entities formed under domestic or foreign laws and operated as
exempt investment pools under the 1940 Act. The investors participating in the Funds may
include, but are not limited to, high net worth individuals, partnerships, pension plans, and other
institutions.

      Fund interests generally are offered and sold only to accredited investors. In general, the
minimum capital commitment for an investor in a Fund is $5 million for institutions and $1 million

for individuals. The Adviser and/or its affiliates generally have the authority to waive this amount
with respect to certain investors in the Funds.