Point 41 Capital Partners LP

Item 5: Fees and Compensation
In general, Point 41 receives a management fee and a carried interest in connection with the provision of
advisory services to its clients. Point 41 or other Firm entities or affiliates receive additional compensation
in connection with management and other services performed for portfolio companies of Funds and such
additional compensation will offset in whole or in part the management fees otherwise payable to Point 41
to the extent provided by the Governing Documents. Investors in a Fund also bear certain expenses.

Management Fees

The Fund will pay Point 41 (or an affiliate thereof) an annual management fee (the “Management Fee”),
payable quarterly in advance, equal to 2% of aggregate investor capital commitments (“Commitments”) held
by partners not designated as “affiliated partners” by the General Partner. Commencing with the first
Management Fee due date after the end of the period commencing on the initial closing date and ending on
the fifth anniversary of the Fund’s final closing or earlier upon the occurrence of certain events as set forth
in the Partnership Agreement and through the final distribution of the Fund’s assets, the Management Fee
will equal 2% of (i) the aggregate investment contributions made (or payable to the Fund pursuant to any
outstanding capital call notice or capital call notice that the General Partner intends to issue to repay
indebtedness incurred pursuant to the Partnership Agreement), less (ii) the aggregate amount of investment
contributions with respect to the portion of each investment that has been disposed of or completely written-
off, in each case, with respect to partners not designated as “affiliated partners”; provided that investments

in a portfolio company will be treated as having been disposed of or completely written-off only to the extent
that, as of the date of any such disposition or write-off, the aggregate fair market value of all remaining Fund
investments in such portfolio company is less than the Fund’s aggregate investment contributions made with
respect to such portfolio company. The Management Fee may be reduced pursuant to a formula specified
in the Partnership Agreement, and a corresponding portion of the General Partner’s Commitment may be
structured as a profits interest.

To the extent specified in a Fund’s Governing Documents, Point 41 or another Firm entity will be permitted
to receive certain supplemental fees and other amounts (“Transaction Fees”) consisting of: (i) directors’
fees, financial consulting fees or advisory fees paid to the General Partner with respect to any Fund
investment; (ii) transaction fees paid to the General Partner with respect to any Fund investment; and
(iii) break-up or topping fees with respect to Fund transactions not completed that are paid to the General
Partner, in each case net of certain expenses (including those described below) as set forth in the Partnership
Agreement; but do not include, in any event, any amount received by the General Partner, the Operations
Group (defined below) (or any member thereof) or other person from a portfolio company (a) as
reimbursement for expenses directly related to such portfolio company; (b) as payment for services provided
to such portfolio company in the ordinary course of such portfolio company’s business; (c) as compensation
for services provided by the General Partner or other person as an employee of or in a similar capacity for
such portfolio company; or (d) as compensation (including fees, incentive equity or other stock awards) for
services rendered by the Operations Group (or any member thereof) to a portfolio company or prospective
portfolio company. The Management Fee will be reduced by an amount equal to 80% of Transaction Fees
attributable to partners not designated as “affiliated partners” by the General Partner. The remaining amount
of such Transaction Fees will be retained by the Firm.

Various costs and expenses will reduce Transaction Fees (and therefore such amounts will not reduce or
offset the Management Fee), including out-of-pocket costs and expenses (including travel expenses)
incurred by the General Partner in connection with any consummated or unconsummated transaction or in
connection with generating any such Transaction Fees.

As a matter of practice, Point 41 is typically paid fees of the type referred to in the preceding paragraph
from, on behalf of or with respect to co-investors in an investment. The receipt of such fees will not reduce
the Management Fee payable by any Fund (s) that have also invested in such investment, and, as a result
any Transaction Fees with respect to an investment or potential investment (including a transaction not
consummated) shall be allocated to the Fund (and offset against the Management Fee as described above)
only to the extent of the Fund’s relative ownership (or anticipated ownership) of such investment or potential
investment on a fully diluted basis. Accordingly, the Fund will, in most cases, only benefit from the
Management Fee reduction described above with respect to its allocable portion of any such Transaction
Fees and not the portion allocable to any other person, including co-investors or potential co-investors, that
hold an economic interest in (or, in the case of a transaction not consummated, would have held an economic
interest in) the applicable investment.

Any break-up fees, closing fees, monitoring fees, directors’ fees or other similar fees from portfolio
companies (collectively, “Portfolio Company Fees”) will be paid directly to the General Partner or an

affiliate, which will then, subject to the terms of the Partnership Agreement, reduce future Management Fees
otherwise payable by the Fund.

Carried Interest

Point 41 will receive a carried interest with respect to the Fund equal to 20% of all realized profits subject
to a 8% compound preferred return, as more fully described in the Governing Documents. For Point 41
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Item 7: Types of Clients
Point 41 provides investment advice solely to its Fund clients, and references throughout this Brochure to
“clients” and to Point 41’s related duties to and practices on behalf of its clients and/or investors should be
construed accordingly. The Funds generally include investment partnerships or other investment entities
formed under U.S. or non-U.S. laws and operated as exempt investment pools under the Investment
Company Act of 1940, as amended. The investors participating in the Funds generally 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 from time to time include, directly or indirectly, principals or other employees of Point
41 and its affiliates and members of their families, operating partners or other service providers retained by
Point 41, as well as executives of portfolio companies.

The relevant General Partner also generally is permitted from time to time to establish Funds that are
alternative investment vehicles in order to permit certain investors to participate in one or more particular
investment opportunities in a manner desirable for tax, regulatory 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 Governing
Documents of the related Fund.

The Funds generally have a minimum investment amount of $5 million for third-party investors, and Fund
interests are offered and sold solely to accredited investors that are also qualified clients (or qualified
knowledgeable Firm personnel). Point 41 generally is permitted to waive such minimum investment amount.