Lead Edge Capital Management LLC

ITEM 5: FEES AND COMPENSATION

LECM generally charges management fees at an annual rate of up to 2% of Client assets. Management
fees are charged either monthly or quarterly and are generally paid in advance by deducting directly from
Client Accounts. Investors in Client Accounts (“Investors”) are generally not eligible for partial refunds in
the case of early withdrawals or redemptions, but specific details are set forth in each respective Client’s
limited partnership agreement, limited liability company operating agreement and/or private placement
memoranda (collectively, “Offering Documents”).

LECM’s Investors may also be charged performance-based allocations, generally up to 20% of net profits.
Performance-based allocations are drawn from Client Accounts either in the form of an incentive
allocation or a profit allocation (sometimes referred to as “carry” or “carried interest”), and are generally
paid either to an LECM affiliate or subsidiary. Specific details regarding any performance-based allocations
are set forth in each respective Client’s Offering Documents.

Fees for advisory services are negotiable at LECM’s discretion.

Although it does not do so presently, the Adviser or its affiliates may also receive closing fees,
management fees, advisory fees, financial consulting fees, commitment fees, monitoring fees (including
termination fees), directors’ fees (including fees derived from a position with similar status or function in
respect of a limited liability company), break-up fees, success fees, transaction fees, syndication fees or
similar fees which generally are paid for by portfolio companies. Certain of these aforementioned fees
offset management fees paid by the Clients once the Adviser or its affiliates receive a certain threshold of
fees.

Other Costs

All Clients incur third-party brokerage commission and other transaction costs, as explained in further
detail in the Brokerage Practices section below. Clients also generally incur third-party costs related
mainly to custody, audit, administration, legal advice, tax advice and preparation, banking services, and
research and consulting. Clients will also bear any third-party costs related to fair value appraisal of
account assets, as applicable.

In addition, Clients are billed to reimburse LECM for certain expenses, including: travel related to
marketing to and meeting with Investors; travel related to the investigation and monitoring of Client
investments; reasonable costs for meetings with Investors and investments, including meals; research
related to the investigation, evaluation and monitoring of Client investments, including data services; and
consulting and advisory services related to the investigation, evaluation and monitoring of Client
investments, including those related to the Adviser’s “operating partners”, some of whom may be
members or partners of the general partner to certain private fund Clients and therefore affiliates of LECM.

LECM has adopted an expense allocation policy establishing guidelines for determining such
reimbursements from Client Accounts, as well as for the allocation of costs and expenses among multiple
Client Accounts, when applicable.

In all cases, details concerning applicable fees and expenses are set forth in each respective Client’s
Offering Documents.

ITEM 6: PERFORMANCE-BASED ALLOCATIONS AND SIDE-BY-SIDE MANAGEMENT

As discussed in Fees and Compensation above, at times, LECM charges performance-based allocations.

Side-by-Side Management and Allocation Policy

The Adviser’s receipt of performance fees is intended to align the Adviser’s interests with those of the
Clients and to provide the Adviser with a greater incentive to manage assets well. The nature of the
performance fee, however, creates a potential conflict of interest among the Adviser, its associated
persons, and its Clients. Because LECM has multiple Clients, at times it may need to allocate investment
opportunities of limited availability across its Client Accounts. In such situations, some accounts may offer
higher management and performance-based allocation potential than others. LECM has an incentive to
favor Client Accounts for which it receives higher performance-based fees since it may receive a greater
profit if the investment generates a positive return.

To ensure equitable treatment of all Clients irrespective of such allocation considerations, LECM has
adopted an investment allocation policy that sets out the criteria for determining allocations, the most
important of which are investment objective and strategy, existing portfolio composition and available
liquidity.

ITEM 7: TYPES OF CLIENTS

As discussed in the Advisory Business section above, LECM provides investment management services
primarily to private fund Clients, which in turn are offered exclusively to sophisticated investors. Terms
for each Account are individually negotiated.