Pegasus Tech Ventures Inc

ITEM 5 – FEES AND COMPENSATION

Management Fee. The Funds will pay the Adviser a Management Fee for managing the Funds’ investment
portfolio and operations. The Management Fee will be calculated separately for each limited partner, generally
at a rate between 1-2% per annum of that limited partner’s capital account.

The Funds generally pay the Management Fee quarterly in advance based on the value of the limited partners’
capital account balances as of the beginning of the relevant calendar quarter. The Adviser may vary the
Management Fee as to particular limited partners by separate agreement.

Further details with respect to Management Fee are further described in the respective Fund’s offering
documents.

Performance Fee. The Adviser is eligible to receive a performance-based compensation. The precise amount,
manner, and calculation of such fees are disclosed in each respective Fund’s offering documents.

Operating Expenses. The Funds will bear, either directly or through reimbursement to the General Partner
and/or the Adviser, all of the ongoing operating costs of the Funds: custodial fees; transfer and other taxes;
bookkeeping, accounting and audit fees and expenses; legal fees (including fees paid to the General Partner’s
and the Advisers’ counsel for services that benefit the Funds); the General Partner’s out of pocket costs incurred
in performing its roles as a tax matters partner or partnership representative; expenses the Adviser incurs for
investment research and due diligence; filing fees; travel and travel-related expenses the Adviser incurs in
connection with the Funds’ investment activities (including attending professional investment and industry
specific conferences); costs of reporting to Fund partners; costs of Fund governance activities (such as obtaining
Limited Partner consents if and when necessary or appropriate; costs of the Funds’ and their affiliates’ (other
than the Adviser’s) registration and filings with and licensing by governmental and self-regulatory
organizations and costs associated with regulatory, tax, and other filing and reporting requirements by or related
to the Funds, including filings required of the Adviser and/or its affiliates as a result of their involvement in the
management of or provision of services to the Funds; and all other reasonable expenses related to the
management and operation of the Fund and/or the purchase, sale or transmittal of its assets, all as the General
Partner and/or the Adviser determines in its sole discretion.

The Adviser may, in its discretion, bear all or a portion of the Funds’ operating expenses, either directly or
through a waiver of a portion of the Management Fee or the Performance Fee to which it would otherwise be
entitled. The Adviser does not have any obligation to do so or, if it does so for any period or in any amount, to
continue doing so.

Offering and Organization Expenses. The Funds will bear, either directly or by reimbursing the General
Partner, all expenses in connection with ongoing offer and sale of interests.

The Funds bear all expenditures in connection with the Funds’ organization and initial offering of interests,
including formation charges and professional fees and expenses in connection with the preparation of the
Funds’ offering documents and basic organization and contractual documents.

ITEM 7 – TYPES OF CLIENTS

The Adviser provides investment advice to the Clients, as described in Item 4, above. The Funds are open only
to investors meeting certain suitability requirements. In addition, the Funds require significant minimum capital
commitment, subject to modification by the General Partner.