Serve Capital Partners LLC

Item 5 - Fees and Compensation

A.      Our Compensation for Advisory Services

Generally, Serve receives an annual management fee (the “Management Fee”) from the Funds. In addition,
the general partner of each Fund (the “General Partner”) generally receives a performance fee based on the
net profits allocated to each Investor in each Fund (the “Carried Interest”). Serve or the General Partner of
each Fund may waive or reduce the Management Fee or Carried Interest applicable to any Investor.
Because Serve only advises qualified purchasers as defined in section 2(a)(51)(A) of the Investment
Company Act of 1940, as amended, it is not required to disclose its fee schedule in this brochure. Details
of all fees charged by Serve are provided in the applicable offering documents or the limited partnership
agreement for each Fund.

B.      How We Collect Fees

Management Fees are generally payable by a Fund either quarterly or semi-annually and are deducted from
the Fund’s account.

Carried Interest is paid to the General Partner of the applicable Fund per the distribution provisions in each
Fund’s limited partnership agreement.

C.      Other Fees and Expenses

Serve does not charge its Clients for any overhead or salaries of its employees, other than reimbursement
of actual third-party expenses incurred by Serve on behalf of its Clients. Each Client may also directly
incur or bear actual third-party charges and expenses. Such charges may include third-party administrative
costs, custodial fees, accounting costs, audit and legal fees, insurance, tax preparation, and litigation costs
involving the activities of such Client. Please consult the applicable offering documents or account
agreements for each Client, as applicable, for further information about the expenses to be borne by such
Client.

Allocation of expenses pertaining directly to a Client, such as third parties that provide professional services
to the Client, will be charged to that Client. Generally, expenses related to investments held by multiple
Clients, such as legal bills, may be allocated amongst the applicable Clients pro-rata based on the amount
committed to the investment. Certain expenses that benefit multiple Clients, such as insurance, may be
allocated amongst the applicable Clients pro-rata based on each Client’s committed capital from Investors.
If for some reason these allocation methods are not appropriate for a particular situation, Serve will use its

reasonable discretion to utilize an alternative method deemed to be reasonable and fair to all entities
involved based on the relative benefits that each Client received in respect of the expense.

Although unlikely to occur, if Serve or any of its affiliates were to receive closing fees, investment banking
fees, placement fees, monitoring fees, consulting fees, directors’ fees, or other similar fees, such fees shall
offset the current installment of the Management Fee with any unapplied amounts carried forward to the
next installment of the Management Fee.

In addition to the fees paid to Serve and its affiliates, each Client also pays management fees to the managers
of the Underlying Investments. The management fees charged by these managers are generally 2% of
committed, called, or invested capital per year. In addition, an affiliate of these managers generally receives
carried interest equal to 20% of realized profits allocated to each investor in the Underlying Investment.
The fees and carried interest charged by the Underlying Investments could be higher or lower than the
amounts stated above depending on the situation.

D.      Advance Payment

Management Fees for the Funds are generally paid quarterly, in advance, based on the capital commitments
of the Investors as of the beginning of the quarter. For certain Funds, fees may be collected on a semi-
annual basis, where a portion is paid in advance and a portion is paid in arrears at the beginning of the semi-
annual period. Upon termination of a management agreement with a Fund, any unearned portion of prepaid
fees will be refunded to the Fund.

E.      Compensation for Sales of Securities

Neither Serve nor any of its supervised persons accept compensation for the sale of securities or other
investment products.

Item 7 - Types of Clients
Serve currently provides advisory services to the Funds. In the future, Serve will likely consider providing
investment advisory services to other private investment funds, co-investment vehicles, or Clients.

The minimum investment for Investors in each Fund varies by Fund. In the future, Serve may manage
accounts that have higher, lower, or no minimum investment requirement.

For further discussion of these and related items, see Item 4 – Advisory Business.