Riverpark Capital Management LLC

Item 5 – Fees and Compensation

The standard advisory fee for the Large Cap Growth strategy is an annual management fee equal to 0.65%
of net assets. The standard advisory fee for the Long/Short strategy is an annual management fee equal
to 1.5% of net assets. The standard management fee for services rendered to the Venture Capital strategy
is 2% of assets. All fees are subject to negotiation and different fee structures may exist under certain
circumstances for certain clients.

The specific manner in which fees are charged by RiverPark is established in a client’s written agreement
with RiverPark. RiverPark bills its fees on a quarterly basis. Management fees shall be based on the
account’s average net asset value during the period as set forth in a client’s written agreement. Accounts
initiated or terminated during a calendar quarter will be charged a prorated fee. Upon termination of any
account, any prepaid, unearned fees will be promptly refunded, and any earned, unpaid fees will be due
and payable.

RiverPark’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and
expenses which shall be incurred by the client. Clients may incur certain charges imposed by custodians,
brokers, third party investment and other third parties such as fees charged by managers, custodial fees,
deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and
other fees and taxes on brokerage accounts and securities transactions. RiverPark shall not receive any
portion of these commissions, fees and costs.

Item 12 further describes the factors that RiverPark considers in selecting or recommending broker-
dealers for client transactions and determining the reasonableness of their compensation (e.g.,
commissions).

Item 7 – Types of Clients

RiverPark provides portfolio management services to institutional money managers, high net-worth
individuals, corporate pension and profit-sharing plans and private venture capital funds.