Riot Ventures Management LLC

Item 5 - Fees and Compensation

Subject to the terms and conditions of each Fund’s Governing Documents, RVM typically charges its
venture capital funds a management fee at an annual rate equal to two and one-half percent (2.50%)
multiplied by the committed capital for each fiscal year.

Fees and other compensation may vary from Fund to Fund, may be different from the fees and
compensation payable in respect of any successor fund, and could potentially vary among investors
in the same Fund. Investors should carefully review the Governing Documents of the relevant Fund
in conjunction with this Brochure for complete information about fees and compensation. Similar
advisory services may be available from other investment advisers for similar or lower fees. The
Management Fees and other fees and distributions described herein may be subject to modification, waiver
or reduction by RVM in its sole discretion, both voluntarily and on a negotiated basis with selected
investors via side letter and other arrangements, which may not be disclosed to all other investors
in the same Fund. The fee structures described herein may be modified from time to time

Item 7 - Types of Clients

RVM currently provides investment advisory services solely to the Fund. Investment advice is
provided directly to the Fund, subject to the direction and control of the General Partner, and not
individually to the Limited Partners of the Fund.

Interests in the Fund are offered pursuant to applicable exemptions from registration under the
Securities Act and the 1940 Act. Permitted investors in the Fund may include high net worth
individuals, foundations, family offices, banks, thrift institutions, pension and profit-sharing plans,
trusts, estates, charitable organizations and other business entities.

The minimum investment requirement for the Fund is $1,000,000. However, the Managing Director
of the Fund, in its sole discretion, may permit investments that are less than the required minimum
investment requirement. In addition, legal eligibility requirements must be met to invest in the Fund.