Kilonova Capital LLC

Item 5. Fees and Compensation

Fees and expenses will be charged as set forth in each Advisory Client’s Governing Documents. It is
important that Investors refer to the relevant Governing Documents for a complete understanding of fees
and expenses they may pay through an investment in the Advisory Clients.

KC is compensated for its advisory services through asset-based management fees (“Management Fees”)
calculated based on a percentage of invested capital (as defined in the relevant Governing Documents),
payable monthly in arrears. Certain Advisory Clients are subject to a minimum fixed fee for a period of time
as defined in the relevant Governing Documents.

In addition, KC may be entitled to receive performance-based fees (referred to as “Carried Interest”) from
certain Advisory Clients. Subject to the terms and limitations set forth in the applicable Governing
Documents of each Advisory Client, including clawback obligations, KC may be entitled to receive Carried
Interest distributions calculated as a percentage of net profits derived from the disposition of portfolio
investments in excess of a preferred return to Investors.

KC may elect to reduce, otherwise reduce, modify or waive the Management Fees or Carried Interest
distributions with respect to any Investor, including but not limited to its personnel, KC affiliates or other
Investors meeting certain qualification requirements.

Management fees are typically paid from capital calls drawn for such purpose. Carried interest will be
distributed to KC from time to time upon the disposition or receipt of proceeds in respect of portfolio
investments by an Advisory Client in accordance with the terms of the applicable Governing Documents.

Consulting Fees

KC has entered into a consulting agreement with an unaffiliated entity (the “Consultee”) whereby upon the
Consultee’s request, KC will enter into and maintain discussions with the management and/or respective
advisors of companies identified by the Consultee, so KC remains appraised of the status of each company
including monitoring the performance of each company and intends to make certain recommendations in
relation to corporate actions in respect thereto. KC will provide information on the administration of the
companies, including but not limited to any information on the progress of companies. Finally, KC intends
to advise on the actual and anticipated costs of funding the companies and liaise with the Consultee as to
administering the payment of invoices for costs incurred in accordance with the applicable company
documentation. KC receives a monthly fixed fee for providing these services to the Consultee.

Other Fees

KC may be entitled to receive certain fees which will be subject to offset against the Management Fee as
described below. This does not include any amounts received by any Operating Professionals (as defined
below), any KC personnel or any other person from a portfolio company as reimbursement for expenses
directly related to such portfolio company or a prospective portfolio company, as payment for services
provided to any portfolio company in the ordinary course of such portfolio company’s or prospective
portfolio company’s business or as compensation for services provided by an Operating Professional or any
other person as an employee of or in a similar capacity for such portfolio company or any of its subsidiaries.

Operating Expenses

KC is responsible for paying its ordinary overhead expenses, such as facilities expenses and compensation
of its employees.

Each Advisory Client generally bears the costs and expenses relating to its activities and operations. As set
forth more fully in the applicable Advisory Client Governing Documents, these expenses include, without
limitation, all fees, costs, liabilities and expenses attributed to: (a) activities with respect to negotiating,
structuring, sourcing, organizing, acquiring, financing, bidding-on, refinancing, hedging, managing,
monitoring, operating, valuing, trading, dissolving, winding-up, liquidating, restructuring, holding and
disposing of portfolio investments (such as, for example, expenses incurred on investment-related trips,
including airfare, hotels, meals and transportation), or in seeking to do any of the foregoing, whether or not
any contemplated transaction or project is consummated and whether or not such activities are successful;
(b) broken deal expenses; (c) legal, filing, brokerage, accounting, auditing, consulting, escrow, custodial,
administration, information, appraisal, advisory, valuation, research, tax and other professional services; (d)
litigation (including actual, threatened or otherwise anticipated litigation, mediation, arbitration or other
dispute resolution process, including any judgment, other award or settlement entered into in connection
therewith) and indemnification, unless prohibited by the Advisory Client Governing Documents; (e)
insurance premiums, including directors and officers liability, errors and omissions liability and other
insurance and regulatory expenses with regard to the activities of the Advisory Client; (f) Management Fees;
(g) the preparation, distribution or filing of Advisory Client-related or investment-related financial
statements or other reports, tax returns, tax estimates, Schedules K-1, administrative, compliance or
regulatory filings or reports as permitted by the Advisory Client Agreement; (h) developing, licensing,
implementing, maintaining or upgrading any web portal, extranet tolls, computer software or other
administrative or reporting tools (including subscription-based services) for the benefit of the Advisory
Client and the investors; (i) any annual investor or other periodic, if any, meetings of the investors and any
other conference or meeting with any investors in each case, to the extent incurred by KC, or any affiliate
of KC; (j) the termination, liquidation, winding up or dissolution of the Advisory Client; (k) indebtedness
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Item 7. Types of Clients

KC provides investment advice to Advisory Clients, which are primarily pooled investment vehicles that
are exempt from registration under the Investment Company Act, as noted in Item 4 above.

The Investors participating in the Advisory Clients come from a diversified base of institutional investors
including university endowments, insurance companies, public pensions, corporate pensions, foundations,
asset managers, family offices, and fund of funds. They may also include KC employees, members of their
families, and Operating Professionals.

Interests in Advisory Clients will be sold only to investors who meet qualification requirements under
applicable securities laws. KC generally limits its respective investors to (i) “accredited investors” as
defined in the Securities Act, (ii) “qualified purchasers” or “knowledgeable employees,” each as defined in
the Investment Company Act and (iii) “qualified clients”, as defined in the Advisers Act. Investors in the
Advisory Clients must meet certain qualifications prior to making an investment in the Advisory Clients.

The Advisory Clients generally have a minimum investment amount of $5,000,000.