Jericho Capital Asset Management LP

Item 5. Fees and Compensation

The fees and expenses applicable to each Client are set forth in detail in each Client’s respective Governing
Documents. A brief summary of those fees and expenses is provided below.

The Adviser generally receives a management fee (the “Management Fee”) from Clients.

For the Hedge Funds, the Adviser generally receives a Management Fee based on the net assets of the Client
as of the first day of each calendar quarter. The Management Fee is generally paid in advance at the beginning
of each quarter, and a pro rata portion of any Management Fee paid in advance will be repaid, based on the
actual number of months remaining in such quarter, by the Adviser if any investor is permitted to redeem prior to
the end of a quarter, and the applicable fund will distribute such amount to the investor. The Hedge Funds are
subject to a Management Fee of 0% to 1.5% per annum.

For the Private Equity Fund, the Adviser generally receives a quarterly Management Fee equal to 0.375% (i.e.,
1.5% annually) of the Limited Partner Percentage (as defined below) of the Private Equity Fund’s acquisition cost
of all portfolio investments held by the Private Equity Fund as of the first day of such quarter (excluding the
acquisition cost of all or any portion of any investment that has been disposed of by the Private Equity Fund or
written off as worthless by the Private Equity Fund as of the last day of the immediately preceding calendar
quarter). “Limited Partner Percentage” is the quotient of (x) the aggregate capital commitments of the limited
partners in the Private Equity Fund (the “Limited Partners”) divided by (y) the aggregate capital commitments of
the Limited Partners and the general partner of the Private Equity Fund. In accordance with Governing
Documents, the Management Fee for the Private Equity Fund will be reduced by the Limited Partners’ percentage
of directors’ and consulting fees, transaction fees, monitoring fees, break-up fees or equivalent compensation (in
cash or securities) received by the general partner of the Private Equity Fund or the managing member from a
portfolio company unless waived by the “LP Advisory Committee”. Expenses that are paid or reimbursed by
portfolio companies will not reduce the Management Fee payable.

The general partner of the Hedge Funds, Jericho Capital Advisors LLC, generally receives annual
performance-based compensation equal to a percentage of the net profits of the Hedge Funds during such
fiscal year, subject to a loss carryforward (the “Incentive Allocation”). Net profits include both realized gains
and losses and unrealized gains and losses on securities held in each Hedge Fund’s portfolio. Generally,
any net loss in a fiscal year allocated to any eligible investor is carried forward so that no Incentive Allocation
is borne by such investor unless the losses have been recouped, subject to certain adjustments. The
Incentive Allocation generally is 20% to 30% of net profits. The exact method of calculation and other terms
of the Incentive Allocation are more fully detailed in each Hedge Fund’s Governing Documents.

The general partner of the Private Equity Fund, Jericho Growth GP I LLC, is entitled to receive carried
interest of up to 20% of profits on distributions derived from the disposition of investments in accordance
with the Private Equity Fund’s Governing Documents.

Jericho Capital Advisors LLC and Jericho Growth GP I LLC are collectively referred to herein as the
“General Partners” or each a “General Partner”.

The Adviser or the General Partners, in their sole discretion, will waive or reduce the Management Fee,
Incentive Allocation, or carried interest, for any investors, including large or strategic investors. Fees are
generally waived or reduced for principals, employees or affiliates of the Adviser (or a related person of the
Adviser), and relatives of such persons.

Neither the Adviser nor any of its supervised persons accept compensation for the sale of securities or
other investment products.

As more fully described in Governing Documents, the Adviser bears overhead expenses of an ordinary and
recurring nature incurred in connection with the investment and other management services that it provides

for the Funds, such as rent, its compliance expenses (including expenses related to various filings, its
registration and reporting requirements not specifically related to a Fund), supplies, secretarial expenses,
stationery, charges for furniture and fixtures, employee insurance, payroll taxes and compensation of
employees.

The Hedge Funds bear all other expenses pertaining to their activities, including without limitation, legal,
accounting (including third-party accounting services), audit, and other professional fees and expenses,
Hedge Fund compliance expenses (including expenses related to various regulatory filings (or portions
thereof) a Hedge Fund is required to make or the Adviser is required to make as a result of managing a
Hedge Fund’s portfolio, and fees and expenses related to registration, filing and/or reporting requirements
in any jurisdiction in which the interests in a Hedge Fund are offered or sold), administration fees and
expenses, directors’ fees and expenses, organizational expenses, research expenses (including research-
related travel), investment expenses such as commissions, third-party trading services, interest on margin
accounts and other indebtedness, borrowing charges on securities sold short, custodial fees, bank service
fees, insurance, the feeder funds’ pro rata share of the expenses of the master fund and other expenses
related to the purchase, sale, preservation or transmittal of a Hedge Fund’s assets.

The Private Equity Fund bears all other expenses pertaining to its activities that are not reimbursed by third
parties, including without limitation, fees, costs and expenses incurred in connection with identifying,
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Item 7. Types of Clients

The Adviser’s clients consist of the Funds, which are private investment vehicles, as described above.

Investors in the Funds are generally required to make minimum initial investments or capital commitments
of at least $1 million as more fully detailed in the Governing Documents for the applicable Fund. The
General Partner or the Board of Directors of each Fund, as applicable, may waive the minimum initial
investment amount at its discretion.

Investors in Funds domiciled in the U.S. and U.S. persons investing in Funds that are domiciled overseas
are required to be “accredited investors” as defined under the Securities Act and “qualified purchasers” as
defined under the Investment Company Act. Investors in Funds domiciled overseas are required to be
persons who (i) are not “U.S. Persons”, as defined under Regulation S of the Securities Act, or (ii) who are
tax-exempt U.S. Persons (or entities substantially composed of tax-exempt U.S. Persons).