Multiplier Capital LLC

Item 5. Fees and Compensation

The fees and expenses that are applicable to an investment with the Adviser are set forth and agreed to in
the Funds’ Governing Documents. Prospective Investors must carefully review the Governing Documents
of the relevant Fund to review the specific fees and expenses applicable to their potential investment.

Management fees are generally calculated at an annual rate of up to 2.00% of investors’ capital
commitments during a Fund’s investment period and, thereafter, up to 2.00% of invested capital. Certain
funds that operate as Small Business Investment Companies (“SBICs”) at times will calculate Management
Fees, in part, based on leverage available through the SBIC program, as more fully described in the
applicable Fund’s Governing Documents.

Management Fees are typically payable quarterly in advance. The specific fee structure, calculation
methodology, and payment terms applicable to each Fund are set forth in the Governing Documents of such
Fund. The Adviser may from time to time receive consulting fees, director’s fees, and other similar

remuneration. Any such fee will generally offset the Management Fee as detailed in the applicable Fund’s
Governing Documents.

In addition to Management Fees, Funds may pay the Adviser or an affiliate of the Adviser a performance-
based allocation (“Carried Interest”). Such compensation is generally up to 20% of the net profits of the
applicable Fund, subject to the terms and conditions set forth in the Funds’ Governing Documents.

Generally, investors are entitled to receive a preferred return of up to 8% per annum and a return of
contributed capital before Carried Interest is distributed. The Funds also generally include a clawback or
other adjustment mechanism designed to ensure that Carried Interest distributions are consistent with the
economic arrangements set forth in the applicable Fund’s Governing Documents.

The specific performance compensation arrangements applicable to a particular Fund, including preferred
return, carried interest, catch-up, clawback, and distribution provisions, are further described in the
Governing Documents of the applicable Fund.

The Adviser, in its sole discretion, may waive or modify the Management Fee or Carried Interest for
Investors that are members, employees or affiliates of the Adviser, relatives of such persons, and for certain
large, strategic or other investors.

In addition to the Management Fee and Carried Interest, the Funds will bear their own expenses, generally
including organizational and partnership expenses as set forth in their respective Governing Documents or
other agreements between the Fund and the Adviser. Expenses borne by a Fund may differ from expense
borne by other Funds. A Fund is generally responsible for all costs associated with and related to the Fund’s
activities, investments, and business. These expenses will include but will not be limited to: (i) amounts
payable to SBA under the SBIC Act (with respect to the Adviser’s SBIC Funds) (ii) all amounts payable in
connection with leverage and other indebtedness, (iii) legal, insurance, accounting and auditing expenses,
(iv) expenses incurred in the actual or proposed acquisition or disposition of investments, (v) taxes, (vi)
liability insurance and indemnification, (vii) litigation expenses, and (viii) expenses associated with the
preparation of reports to investors. Please see the applicable Fund’s Governing Documents for additional
information on Fund expenses.

Item 7. Types of Clients

As described in Item 4, the Adviser’s Clients are pooled investment vehicles. The Adviser limits the
investors in the Funds to persons who are “accredited investors” as defined in the Securities Act of 1933,
“qualified purchasers” as defined in the Investment Company Act of 1940, and/or “qualified clients” as
defined in the Investment Advisers Act of 1940 (the “Advisers Act”). Investors in the Adviser’s Funds

include, among others, individuals, trusts, pensions, endowments, and other institutional investors. In
addition, employees and other people associated with the Adviser and/or its affiliates are investors in the
Funds. Any minimums for investors are disclosed in the applicable Governing Documents. However, the
Adviser has the discretion to waive minimum investment requirements for investment in a Client.