KDHB V Capital Management LLC

Item 5 – Fees and Compensation

A detailed description of the fees associated with the KDHV Partnership are available in the
KDHBV Memorandum. For our investment management services, KDHBV receives a quarterly
management fee equal to 0.1875% (0.75% annualized) of the balance of the capital accounts of
each of the limited partners in the KDHBV Partnership. In addition, KDHBV may receive an
incentive allocation based on performance of the KDHBV Partnership (see Item 6 – Performance-
Based Fees and Side-By-Side Management below for more information). KDHBV, as general
partner of the KDHBV Partnership, has the authority to waive any or all of the management fee
with respect to any limited partner.

In instances where KDHBV provides additional investment consulting or family office services to
investors in the KDHBV Partnership, KDHBV may negotiate fixed fees or hourly fees with each
client on a case-by-case basis based on the nature of the work involved.

Fees are deducted directly from the KDHBV Partnership’s account with its custodian, in
accordance with the KDHBV Memorandum. KDHBV sends invoices for fees associated with any
investment consulting or family office services. These fees are typically billed quarterly or semi-
annually in arrears. KDHBV does not bill any clients in advance.

KDHBV does not participate in any wrap-fee programs.

KDHBV does not earn revenue from any other sources. The management fees and incentive
allocation are exclusive of brokerage commissions, transaction fees, and other related costs and
expenses incurred by the KDHBV Partnership and its investors and other KDHBV clients.

In addition to the fees discussed above, the KDHBV Partnership will bear, or reimburse KDHBV
for, all organizational, offering, ordinary and extraordinary operating expenses of the partnership
as contemplated in the LPA. The KDHBV Memorandum contains details on additional expenses
incurred by the KDHBV Partnership, including legal expenses, accounting and administrative
fees, audit and tax preparation expenses, etc.

The KDHBV Partnership’s portfolio and portfolios of other KDHBV clients may include
investments in mutual funds or exchange-traded funds which also charge internal management
fees as disclosed in any such fund’s prospectus. KDHBV does not receive any portion of these fees
and our incentive is to select investments that produce the best net-of-fee returns for the KDHBV
Partnership and other KDHBV clients.

Item 7 – Types of Clients

KDBHV provides discretionary investment management services to a single private pooled
investment fund (the “Fund”).

KDHBV serves as the sole adviser and general partner of KDHB V Partners, LP (the “KDHBV
Partnership”), a private fund. The KDHBV Partnership is open exclusively to accredited investors
and qualified clients. The minimum investment is $500,000, subject to waiver by the general
partner. New subscriptions are accepted monthly and solely at the discretion of KDHBV.

In certain cases, KDHBV also provides investment consulting and family office services to a small
number of limited partners in the KDHBV Partnership. These services are not part of our standard
investment advisory offering and we do not seek additional relationships of this type.