Left Lane Capital LLC

Item 5 - Fees and Compensation

         In general, the Adviser receives a management fee (“Management Fee”) from each of the Clients
that it manages as compensation for the investment advisory services rendered to the applicable Client in
accordance with the applicable Governing Documents. The Adviser also typically receives performance-

based compensation or carried interest pursuant to the applicable Governing Documents for such Client
(see Item 6 below for additional information).

         The Adviser or its affiliates could receive additional compensation (although it has not received
any such compensation as of the date of this Brochure) in connection with management and other services
performed for portfolio companies of the Clients, and such additional compensation would typically offset,
in whole or in part, the management fees otherwise payable to the Adviser in accordance with the relevant
Governing Documents. Clients also bear or reimburse certain other out-of-pocket expenses (in addition to
Management Fees) incurred by the Adviser in connection with the services provided to the Client, as set
forth in the Governing Documents of each Client (discussed further below).

         The precise amount, the manner of calculation and the manner and timing of payment of any such
Management Fee, carried interest, or performance-based compensation for each such Client are negotiated
and determined at the time such Client is established and are set forth in its Governing Documents provided
to each Investor prior to investment in such Client. It is critical that investors and prospective investors refer
to the Governing Documents for a complete understanding of how the Adviser and/or affiliates are
compensated for advisory services. The information contained herein is a summary only with respect to
current Clients and is qualified in its entirety by the applicable Governing Documents.

        Management Fees

         The Adviser generally receives an annual management fee (the “Management Fee”) from the
Clients, although certain Clients or Investors pay no or a reduced Management Fee. The Management Fee
is generally equal to an amount up to two percent (2%) of a Limited Partner’s capital commitment through
the first five years of the applicable Fund and then the Management Fee steps down to be equal to two
percent (2%) of a Limited Partner’s sharing percentage of the aggregate acquisition cost of the Fund’s
portfolio investments other than any portion of a portfolio investment that has been written down below its
cost (or other requirements set forth in the Governing Documents) by a General Partner. A General Partner
has a conflict of interest in determining whether an asset is written down since the Management Fee would
be decreased if the asset is written down. In addition, a General Partner is incentivized to continue to work-
out or restructure assets, including by employing strategies that forestall or prolong the exercise of remedies
by lenders, and incur costs and expenses related thereto on behalf of a Fund, for assets where a Fund is
unlikely to ultimately recover any value for the asset. The Adviser may enter into different management
fee arrangements.

         The Management Fee generally will be paid in quarterly installments in advance on the first day of
each fiscal quarter. A management agreement between a Fund and Left Lane will generally continue until
the dissolution and liquidation of the Fund, but either the Fund’s General Partner on behalf of the Fund or
Left Lane may terminate the agreement without cause and without penalty at any time on ninety (90) days’
prior written notice to other party. If such a management agreement is terminated, it is Left Lane’s policy
to rebate the fee on a pro rata basis.

         The Management Fee for certain Clients will be reduced on a dollar-for-dollar basis against any
portion of the General Partner’s capital contribution obligation to a Client to be made with deemed
contributions. In some Clients, one hundred percent (100%) of all director’s fees, consulting fees,
commitment fees, monitoring fees, break-up fees and success fees or other remuneration received by a
General Partner, the Adviser, the Principal and certain other persons in connection with investments in
portfolio companies (other than as reimbursement of expenses, or from portfolio companies with publicly-
traded securities) will be applied to offset the Management Fee of the applicable Client. A Client will also
generally bear placement agent fees and expenses incurred in connection with the sale of interests in a
Client by the General Partner. Generally, any organizational and offering expenses of a Client in excess of

a specified cap and one hundred percent (100%) of all placement agent fees and expenses paid by a Client
will be applied to offset the Management Fee.

        Expenses

          A General Partner or its affiliates will generally bear only the following expenses: compensation
and expenses of the employees and limited partners of the General Partner or the Adviser (as applicable);
and fees and expenses for administrative, clerical and related support services, office space and facilities,
utilities and telephone, insofar as they relate to the investment activities of the Clients.

         A Client will generally assume and pay all operating expenses attributable to a Client’s activities
including, without limitation: the Management Fee; organizational expenses (subject to offset as described
above in “Management Fees” above); placement fees (subject to offset as described above in “Management
Fees” above); liquidation expenses of a Client; any taxes (other than certain tax liabilities), fees or
government charges that can be assessed against a Client; commissions or brokerage fees or similar charges
incurred in connection with the purchase or sale of securities (including any merger fees payable to third
...

Item 7 - Types of Clients
        As described in Item 4 above, the Adviser provides investment advisory services to Clients, which
are investment partnerships, or similar entities, which are exempt from registration under the Investment
Company Act of 1940, as amended. The Investors participating in the Clients typically include
sophisticated, qualified individuals, pension plans, funds of funds, family offices, other investment entities,
university endowments, trusts, estates or charitable organizations or other corporations or business entities
and from time to time, directly or indirectly, senior members or other employees of Left Lane.
         The minimum investment commitment required of an Investor to participate in a Client varies from
Client to Client and is set forth in each Client’s Governing Documents. Under certain circumstances, such
minimum investment amounts are decreased by the Adviser and the applicable General Partner in their
discretion. The Governing Documents of each Client provide complete information on minimum
investment requirements for participation in such Client.