Meaningful Partners LLC

ITEM 5: FEES AND COMPENSATION

Management Fees and Carried Interest

Fees generally are paid as set forth in each Fund’s Governing Documents. The information
contained in this Item 5 is a summary only and is qualified in its entirety by the relevant Governing
Documents. It is important that Investors refer to the relevant Governing Documents for a complete
understanding of expenses and fees they may pay through an investment in the Funds.

The Adviser receives a management fee (the “Management Fee”) charged in advance on a
quarterly basis as follows: (a) during a Fund’s investment period, 2% per annum of aggregate
commitments of Investors and (b) after the investment period, 2% per annum of the aggregate
invested capital of all Investors in all investments held by the Fund at the end of the immediately
preceding calendar quarter.

The General Partners will receive amounts payable from a Fund’s distributions that are
disproportionate to its investment in the Fund, referred to as the “Carried Interest.” As more fully
described in the applicable Governing Documents, the General Partners will receive a Carried
Interest with respect to a Fund equal to 20% of profits in respect of realized investments in excess
of an 8% compounded preferred return. No Carried Interest will be assessed relative to the first
$250,000 of capital contributions by members of the Expert Community (defined below) and no
Carried Interest will be assessed relative to the capital contributions of the General Partners and
their affiliates.

The Management Fee and Carried Interest allocations are generally not negotiable; however, the
Adviser or General Partners, in their sole discretion, may waive or modify the Management Fee
or Carried Interest distribution percentages for certain Investors.

Other Information

Portfolio Companies may engage certain persons to a membership-based expert community (the
“Expert Community”), comprised of individual experts (each an “expert member”) who are current
and former founders, CEOs, strategists, investors, and discipline experts including sales, business
development, marketing, manufacturing and other domain experts who engage with the Adviser
or General Partners to provide services intended to accelerate the growth of such Portfolio
Companies. Each General Partner will allocate a portion of its Carried Interest from a Fund to the
Expert Community as a whole and to individual expert members for engagement with specific
investments of a Fund.

The Adviser is responsible for its normal overhead and administrative expenses, including
expenditure on account of salaries, wages, benefits, and other expenses of the Adviser’s or General
Partners’ members, agents and employees, rentals payable for space used by the Adviser, General
Partners or the Funds, bookkeeping services and equipment.

Each Fund bears all costs and expenses relating to its activities and operations as provided in each
Fund’s Governing Documents. Generally, each Fund will bear all other expenses, including
portfolio investments (including legal and accounting fees and expenses, due diligence, broken
deal expenses, and other transaction costs incurred in connection with Portfolio Companies and
possible Portfolio Companies), liability insurance, ongoing operating expenses (including
administrative, which includes the cost of the Fund’s administrator, legal and accounting fees and
expenses), the Management Fee, annual meeting expenses, expenses of attending Portfolio
Company board meetings and other Portfolio Company meetings. The foregoing list of expenses
is not intended to be exhaustive and is qualified in its entirety by the applicable Governing
Documents of each Fund.

From time to time, the Adviser or the respective General Partner will be required to decide whether
costs and expenses are to be borne by a Fund, on the one hand, and other vehicles advised or
managed by the Adviser, the General Partner, or any of their respective affiliates, on the other
hand. The Adviser or General Partner will allocate such fees and expenses in a manner it believes
in good faith to be fair and equitable, but in its sole discretion. The allocation may not be
proportional, as certain of such vehicles have different expense reimbursement terms, including
with respect to Management Fee offsets.

The General Partners, the Adviser or their affiliates may from time to time receive certain
additional compensation, which may be kept by and benefit the recipients. It is anticipated that the
Adviser may negotiate monitoring fees to be paid to it by Portfolio Companies where the Adviser
and the Expert Community significantly engage with such Portfolio Companies. Any such
monitoring fees actually paid to the General Partners, the Adviser or their affiliates in excess of $1
million earned during any calendar year will reduce the Management Fee on a dollar-for-dollar
basis. None of the General Partners, the Adviser or their affiliates will receive transaction
consulting fees in connection with an investment in a Portfolio Company by the Funds.

The investment strategies employed with respect to the Funds generally do not involve the
purchase or sale of publicly offered securities, and as such, do not typically entail expenses related
to brokerage commissions. To the extent applicable, each Fund generally is responsible for and
pays any of its brokerage and custodial fees and expenses. See Item 12 below.

ITEM 7: TYPES OF CLIENTS

The Adviser provides investment advice to the Funds. The Funds include investment partnerships
or other investment entities formed under domestic or foreign laws and operated as exempt
investment pools under the Investment Company Act of 1940, as amended (the “Investment
Company Act”). The Investors participating in the Funds may include individuals, banks or thrift
institutions, other investment entities, university endowments, sovereign wealth funds, family
offices, pension and profit-sharing plans, trusts, estates or charitable organizations or other
corporations or business entities and may include, directly or indirectly, principals or other
employees of the Adviser and its affiliates and members of their families.

The Funds may include alternative investment vehicles established from time to time in order to
permit one or more Investors to participate in one or more particular investment opportunities in a
manner desirable for tax, regulatory, accounting or other reasons. Alternative investment vehicle
sponsors generally have limited discretion to invest the assets of these vehicles independent of
limitations or other procedures set forth in the organizational documents of such vehicles and the
related Fund.

Interests of the Funds will be offered and sold only to “accredited investors,” as that term is defined
in Regulation D promulgated under the Securities Act of 1933, as amended, and “qualified
purchasers” as that term is defined in the Investment Company Act, and that are also “qualified
clients” as the term is defined in the Advisers Act.