Right Side Capital Management LLC

Item 5: Fees and Compensation
Management Fee: As compensation for its services in administering the business and affairs of the Funds, the
General Partner is entitled to a quarterly Management Fee equal to a percentage of the total capital commitments
to such Fund. The fee percentage may vary with each Fund and may also vary over the life of the fund, as set
forth in its governing documents. The percentage of the management fee generally averages close to 2% annually
over the life of the Fund. The management fee on Right Side’s most recent funds began at 2.5% per year and is
reduced at certain points during the life of the fund. The Management Fee is payable in advance on the Initial
Closing Date and at the beginning of each subsequent calendar quarter based on the Capital Commitment on
the first day of that period. The General Partner may waive all or any portion of this Management Fee with
respect to any Limited Partner in any period in its sole discretion. The General Partner has delegated its
investment management duties and has assigned the Management Fee to the Firm.

Expenses: Right Side generally pays all of its own operating and overhead costs and expenses, including salaries,
benefits, and rent. The Funds bear all costs and expenses incidental to their organization and ongoing operation,
including, without limitation, (a) the Organization Expenses, generally limited to a maximum of up to $200,000,
but may vary by fund (b) all costs and expenses associated with negotiating and entering into contracts and
arrangements in the ordinary course of the Funds’ respective business, (c) all costs and expenses specifically
related to due diligence for prospective investments and current investments (such as credit checks and
background checks), (d) all interest on Fund borrowings, (e) all expenses relating to the investment of the Funds’
capital (such as, for example, custodial, brokerage and finder’s fees and commissions), (f) all costs and expenses
of any meetings of the Partners, (g) all costs and expenses of meetings of the Limited Partner Committee, (h) all
costs and expenses incurred for the purposes of protecting and enhancing the value of the Funds’ respective
assets (including the costs of instituting or defending lawsuits), (i) all fees, costs and expenses of communicating
with Limited Partners (including, without limitation, communications costs, the costs of printing and distributing
offering materials, subscription materials, reports and notices, legal and accounting fees and expenses and
governmental and self-regulatory agency filing fees, costs and expenses), (j) all costs and expenses of investing the
Funds’ respective assets indirectly, such as through a partnership or other entity (a so-called “master fund”),
including the Funds’ proportionate share of the costs and expenses of organizing and operating the master fund,
(k) all premiums and other costs and expenses of insurance policies as the General Partner or Right Side considers
appropriate, insuring the Funds, the General Partner, and Right Side against liabilities that may arise in connection
with the business or management of the Funds or any Portfolio Company, (l) any contingencies for which the
General Partner determines reserves are required, (m) any extraordinary expenses (such as litigation expenses)
and (n) all legal, tax preparation, accounting and appraisal fees and expenses (including the fees and expenses of
counsel for the General Partner or the Firm) arising in connection with the Funds’ respective businesses. The
Funds also bear all placement fees incurred in connection with the offer, sale or syndication of interests in the
respective Fund, and the Management Fees will be reduced by the amount of such fees that the Funds respectively
bear.

The costs and expenses of the Funds’ respective organization, and the initial offering and sale of interests in
those entities, will be apportioned among those entities as the General Partner deems appropriate and may be
amortized over a period of up to 60 months. For any period in which the Funds are amortizing organizational
expenses, the General Partner may decide to (a) recognize the unamortized expenses or (b) make GAAP
conforming changes for financial reporting purposes but amortize expenses for purposes of calculating the
Funds’ respective net asset values.

As noted above, the Funds pay the Administrator an hourly fee based on the services rendered. Prospective
Limited Partners may contact the Right Side for complete information regarding the Administration Agreement.

Except for the expenses specified above, which the Funds will bear, the General Partner and the Firm bear all
of their own operating, general, administrative, and overhead costs and expenses incurred in managing the

Funds, including: (i) salaries and wages of the Funds’ employees, if any, and of the General Partner’s and its
Affiliates’ employees; (ii) rent for space that the General Partner or its Affiliates use; (iii) travel and related
expenses in connection with the investigation of investment opportunities; and (iv) expenditures for equipment
that the General Partner or its Affiliates use and will not charge the Funds for any thereof.

Item 7: Types of Clients
Right Side currently provides investment advisory services directly to the Funds. Investors in the Funds are
generally offered only to either “accredited investors” as such term is defined in Rule 501 of Regulation D or
“qualified purchasers” as defined under the Securities Act of 1933, as amended, and relevant rules and
regulations thereunder. Investors in Funds managed by Right Side typically include pooled investment vehicles,
trusts, family offices, individuals, high net worth individuals, corporations, limited partnerships, limited liability
companies and other such entities or suitable investors.
The minimum initial investment amount required of investors is set forth in each of the Fund’s governing
documents and is subject to reduction at the sole discretion of Right Side.