K5 Global Advisor LLC

Item 5. Fees and Compensation

       K5 Global or its affiliates generally receive Management Fees and Carried Interest (each as
defined below) or similar performance-based remuneration from a Fund, as set forth in such Fund’s
Offering Documents. Performance fees are typically measured as a percentage of the profits of a
Fund. Performance fees and Management Fees are generally negotiated at the time the Fund is
formed, or such investor is accepted into the Fund.

In addition, the Funds and/or current or prospective portfolio companies of the Funds are also
permitted to make other payments to K5 Global and its affiliates (and/or their respective personnel)
for management and other services provided to such Funds and/or the portfolio companies, which
could take various forms, including equity payments, passive interests in the relevant portfolio
companies or Funds, profit sharing arrangements, cash payments (including bonuses) and/or other
types of compensation. Such payments generally do not reduce the Management Fees payable by the
Fund to K5 Global or its affiliates, except as otherwise set forth in such Fund’s Offering
Documents. Such payments and/or compensation in certain cases also include a portion of the
Management Fee and/or Carried Interest otherwise payable to K5 Global or its affiliates. Each Fund
typically bears certain out-of-pocket expenses incurred by K5 Global or its affiliates in
connection with the services provided to the Fund, as set forth in such Fund’s Offering Documents.
Further details about fees, compensation, and expenses are set forth below.

         In certain circumstances, K5 Global, its affiliates, or their partners could in the future transfer
their interests in a Fund to third parties. Following any such transfer, K5 Global is entitled to receive
Carried Interest and a Management Fee on such interest, subject to applicable law and the terms of
the applicable Fund’s organizational and/or offering documents.

Management Fees

       As compensation for investment advisory services rendered to the Funds, K5 Global
generally receives from each such Fund a management fee (the “Management Fee”). The
Management Fee for a given Fund is typically calculated on capital commitments or remaining
invested capital with respect to such Fund. For multi-asset Funds, the Management Fee is charged
based on the full commitment during the investment period, which then steps down to remaining
investment capital thereafter. The precise amount of, and the manner and calculation of, the
Management Fee for each Fund is established by K5 Global and is set forth in such Fund’s Offering
Documents.

        Management Fees billed to and received from the Funds are generally payable in advance,
oftentimes on the first day of each fiscal quarter, with the specific timing set forth in the Offering
Documents of each Fund. Installments of the Management Fee payable for any period other than a
full quarterly period are adjusted on a pro-rata basis according to the actual number of days in such
period. As mentioned above, Management Fees could be reduced (but not below zero) by its pro rata
share of other fees received by K5 Global or its affiliates during the life of a Fund (as described in
the relevant Offering Documents).

        Upon termination of an applicable Advisory Agreement, Management Fees that have been
prepaid (if any) are generally returned on a prorated basis. As a general matter, Management Fees
will be payable during term extensions unless otherwise agreed with Investors. Please refer to the

 K5 Global Advisor LLC                                                                       Brochure

relevant Offering Documents for additional information on the amount and timing of Management
Fee payments.

        K5 Global has exempted and is permitted in the future to exempt, certain past or present K5
Global principals, personnel and/or employees, Operating Partners (as further described below under
“Conflicts of Interest” — “Conflicts Relating to Operating Partners”), service providers (including
service providers directly or indirectly affiliated with K5 Global), and/or executive management
members of portfolio companies from payment of all or a portion of Management Fees and/or Carried
Interest in respect of their direct or indirect investment in one or more of the Funds. For example,
certain past and present K5 Global principals and/or employees, Operating Partners, service providers,
and executive management members of portfolio companies are not subject to Management Fees or
Carried Interest on their direct or indirect investment in one or more of the Funds. Additionally, K5
Global has formed, and in the future could form, co-investment vehicles that are not subject to
Management Fees or Carried Interest. K5 Global also has reduced and could in the future reduce
Management Fees and/or Carried Interest through side letter arrangements in certain instances, for
example where certain investors have made an early commitment, a large commitment, multiple
commitments, strategic partnerships, or any other material concession to one or more of the Funds.

        Fees paid by a Fund are permitted to be reduced by certain fees and expenses, such as excess
organizational expenses or payments received to K5 Global or its affiliates for services provided to
the Funds and/or the portfolio companies. The amount and manner of such Management Fee
reductions, if any, are set forth in the Offering Documents of the applicable Fund. For multi-asset
Funds, the Management Fee is charged based on the full commitment during the investment period
and then steps down to remaining investment capital thereafter. The Management Fees and/or Carried
Interest described herein are generally subject to waiver, modification, or reduction by K5 Global as
follows:

       •   in its sole discretion both voluntarily and on a negotiated basis with selected Investors via
...

Item 7. Types of Clients

         K5 Global currently provides investment advisory services to Funds. Investment advice is
provided directly to Funds (subject to the direction and control of the General Partner of each such
Fund) and not individually to Investors in such Funds. The Investors participating in the Funds
generally will include certain institutional Investors, charitable organizations, trusts, estates, and
certain family offices, high-net-worth individuals, principals or other Personnel of K5 Global and its
affiliates, and members of their families, venture partners or other services providers retained by K5
Global.

       The Funds generally include investment vehicles formed under U.S. laws. Interests in the
Funds are offered pursuant to applicable exemptions from registration under the Securities Act and
the Investment Company Act. Investors in the Funds are generally both (i) “accredited investors” as
defined in the Securities Act and (ii) “qualified purchasers” as defined in the Investment Company
Act (and are therefore “qualified clients” as defined in the Advisers Act).

        K5 Global does not have a minimum size for a Fund but minimum investment commitments
are typically established for Investors. The General Partner of each Fund is authorized to permit
investments below the minimum amounts set forth in the Offering Documents.

 K5 Global Advisor LLC                                                                     Brochure