Main Capital Partners North America LLC

ITEM 5 – FEES AND COMPENSATION

Adviser’s Basic Management Fees

Main Capital Partners North America receives compensation for its investment advisory services
pursuant to an investment advisory agreement entered into by Main Capital Partners North
America and Main Capital Partners NL. Main Capital Partners North America is compensated by
Main Capital Partners NL on a “cost plus” basis. The specific manner in which fees are charged
by Main Capital Partners North America is established in the investment advisory agreement.

Main Capital Partners NL charges the investors in the Funds a management fee in accordance
with the Fund Documents. Investors in the Funds should refer to the Fund Documents for a
complete understanding of how investors are charged.

Calculation and Deduction of Advisory Fees

The Adviser will generally bill its advisory fees on a yearly basis. Each year the Adviser will
determine the final fee. As noted above, the fee is paid by Main Capital Partners NL, and not by
any Fund or Client.

March 2026

Other Fees and Expenses

Main Capital Partners North America does not charge any fees other than as described above.

Investors in the Funds typically bear their pro rata share of fees, costs and expenses incurred in
the operation and administration of the fund (e.g., fees and expenses of custodians, outside
counsel, administrators, accountants, auditors, consultants) (the “Fund Expenses”). Such Fund
Expenses are further described in the Fund Documents.

Prepaid Fees

Annually, Main Capital Partners North America estimates the advisory fees it will be due over
the next year and is paid a pro rata portion of such amount monthly in advance over the year. At
the end of each year, it reconciles its estimate against the final advisory fee to avoid an over- or
under-payment.

Compensation for the Sale of Securities

Neither Adviser nor Adviser’s supervised persons accept compensation for the sale of securities
or other investment products, including asset-based sales charges or service fees from the sale of
investment funds.

ITEM 7 – TYPES OF CLIENTS

Main Capital Partners North America currently provides investment advisory services to private
investment funds that are, generally, offered only to institutional investors and/or high net worth,

March 2026

financially sophisticated individuals. Main Capital Partners North America’s investment
advisory services relate to investments by the Funds in North American software or software-
related companies. The minimum initial subscription for the Funds varies among the Funds but
can be found in the Fund Documents. This amount is also disclosed in Main Capital Partners
North America’s Form ADV Part 1A (by cross-reference to the Form ADV Part 1A for Main
Capital Partners NL).