Maverick Capital Ltd

Item 5 – Fees and Compensation

Performance Allocations, Management Fees, Expenses and Other Charges

        Maverick’s current fee structures for applicable Fund Clients are summarized below.

        ●   Each Fund Client is charged monthly or quarterly management fees, at the beginning
            of each accounting period, based on that portion of its net asset value (or such other
            reference amount specified in the offering documents of the applicable fund)
            attributable to management fee bearing investors. An allocable portion of the
            management fee is automatically deducted from each relevant investor’s account at the
            beginning of the relevant accounting period.
        ●   Other than as noted below, investors in the Maverick Funds are generally subject to a
            performance allocation calculated on investment performance or, in the case of
            Maverick Long, Maverick Long Enhanced and Maverick HP, calculated on the excess
            of performance over a hurdle rate as further described in each applicable fund’s
            respective offering documents. Performance allocations, if applicable to an investor’s
            investment, are charged and automatically deducted from an investor’s account at the
            end of each fiscal year and on any interim withdrawal of capital by, or other distribution
            of funds to, an investor. As further described in each applicable Fund Client’s
            respective offering documents, the Maverick Funds other than Maverick Long,
            Maverick Long Enhanced and Maverick HP, are generally subject to a reduced
            performance allocation until an amount in excess of any loss incurred in a prior fiscal
            year has been recouped. With respect to all other applicable funds, such amounts are
            credited to the account of a Maverick affiliate, Maverick Capital Advisors, L.P., may
            be withdrawn from the fund at its request and are generally withdrawn annually or
            reinvested. Maverick Growth investors are generally subject to a 20% carried interest
            allocation after an 8% annualized preferred return. Maverick Ventures funds investors
            are subject to a 15% to 20% carried interest. Maverick Silicon investors are subject to
            a 20% carried interest.
        •   Maverick has the discretion to waive payment of any management fee or performance
            allocation/fee and have done so for employees of Maverick and its affiliates who have
            invested directly or indirectly in the Fund Clients, as well as for certain other investors.

Investors in any fund that Maverick may advise in the future may bear different fees than those
described herein. Investors who purchased previously offered interests in the Maverick Funds may
be subject to (i) lower (or higher) management fees and/or performance fees/allocations; and (ii)
performance fees/allocations that are calculated differently in relation to the recoupment of losses
incurred in prior fiscal years.

        The management fee and performance allocation/fee rates applicable to the interests
currently offered by the Maverick Funds, the Maverick Silicon Fund and the Maverick Venture
Funds are provided below. Interests in the Maverick Quantitative Fund, Maverick Stable Funds,
Maverick Seed Fund and Maverick Growth are not currently offered.

    Maverick Hedged Equity Funds and Maverick Levered

        Commitment Period                    Management Fee              Performance Allocation

            One Year                                  1.50                         20.0

             Three Years                                1.25                          15.0
             Five Years                                 1.00                          10.0

    Fees for Maverick Levered are charged on gross equity (i.e., including the value of borrowings made
    pursuant to the fund’s leverage feature, as described in the fund’s private offering memorandum).

    Maverick Long

        Interests or shares in Maverick Long are subject to the following management fee rates if
the investor elects not to pay a performance allocation:

        Commitment Period                     Management Fee
           Monthly                                 1.75%
           Three Years                             1.50
           Five Years                              1.25

       Interests or shares in Maverick Long are subject to the following management fee and
performance allocation rates if the investor elects to pay a performance allocation:

        Commitment Period                      Management Fee            Outperformance Allocation*
           Monthly                                  0.50%                          25.0%
           Three Years                              0.50                           20.0
           Five Years                               0.50                           15.0

    * The Maverick Long Outperformance Allocation is charged on the difference between the performance
    of Maverick Long (after management fees) and the MSCI World Daily Total Return Index. See the related
    private offering memoranda for additional detail.

    Maverick Long Enhanced & Maverick HP

        Commitment Period                      Management Fee            Outperformance Allocation*
           Monthly                                **                               15.0%
           One Year                                1.00%                           20.0%
           Three Years                             1.00                            15.0
           Five Years                              1.00                            10.0

* The Maverick Long Enhanced Outperformance Allocation is charged on the difference between the
performance of Maverick Long Enhanced (after management fees) and the MSCI World Daily Total Return
...

Item 7 – Types of Clients

         Maverick provides advisory services to hedge funds, funds of funds, funds making venture
capital investments, funds making private equity investments and a related co-investment vehicle,
other pooled investment vehicles and institutional investors. From time to time, an investor will
request a Separate Account Client in lieu of investing in a Fund Client. Maverick manages Separate
Account Clients on a case-by-case basis taking into consideration factors including the minimum
amount of assets to be managed, the complexity of the proposed account and other investment
requirements or restrictions. As described elsewhere herein, the Maverick Funds and the Maverick
Quantitative Fund generally invest in publicly-traded equity securities; prior to 2021, Maverick
USA, Maverick Fund and Maverick Levered also made investments in certain credit instruments
and non-publicly traded equity securities however since July of 2021 the Maverick Funds (except
for Maverick HP, L.P.) have made private investments through Maverick Designated Investment
Fund, L.P. (“MDI”); the Maverick Silicon Funds generally make investments in private
semiconductor growth companies and related opportunities alongside MDI and Maverick HP, L.P.;
the Maverick Venture Funds generally make venture capital investments; Maverick Seed generally
invests in, and alongside, emerging hedge fund managers; and Maverick manages separate accounts
from time to time for institutional investors employing strategies similar to those of the Maverick
Funds.