Signalfire Management Services LLC

ITEM 5 – FEES AND COMPENSATION

In general, SignalFire or its affiliates receive a management fee and a carried interest (as defined below)
in connection with advisory services. SignalFire, its affiliates or its supervised persons may receive
additional compensation from portfolio companies of the Funds in connection with management and
other services performed for portfolio companies of the Funds. Additionally, consistent with the
Partnership Agreement of a Fund, the Funds typically bears certain out-of- pocket expenses incurred by
SignalFire in connection with services provided to the Funds and/or the portfolio companies. Investors
are responsible for their own costs, expenses and losses associated with its participation in the Funds,
including its costs, expenses and losses associated with: (i) evaluating, consummating, monitoring and
maintaining its investment in the Fund; (ii) satisfying its obligations under the Partnership Agreement;
(iii) assessing and responding to requests by the General Partner for consents, approvals, amendments to
the Partnership Agreement and similar matters; (iv) taxes and other governmental charges; (v) legal,
accounting, administrative, bookkeeping, custodial, tax, financial and other professional advice and
services; and (vi) compliance with applicable law.

The Funds generally invest on a long-term basis. Accordingly, investment advisory and other fees are
expected to be paid, except as otherwise described in the Partnership Agreement, over the term of the
relevant Fund, and investors generally are not permitted to withdraw or redeem interests in the Fund.

The actual fees and expenses applicable to a Fund are set forth in detail in the Fund’s Partnership
Agreement. A brief summary of those fees and expenses is provided below and is qualified in its entirety
by the Fund’s Partnership Agreement.

Management Fee

The Funds pay a management fee (the “Management Fee”) based on a percentage, which ranges from
0% to 0.625%, of the Fund’s committed capital, invested capital, aggregate acquisition cost of Fund
investments as described in the applicable Partnership Agreement. The Management Fee for each fiscal
quarter is payable quarterly, on the first day of each fiscal quarter of the Partnership, in advance. As set
forth in the Fund’s Partnership Agreement, the percentage in which the Management Fee is based may
be reduced, but not below the fixed percentage set forth in the Fund’s Partnership Agreement, resulting
in a reduction of the Management Fee payable by the Funds.

Certain investors such as employees, business associates and other “friends and family” of the Adviser
or its personnel may not pay Management Fees and may not be subject to carried interest (as defined
below) in connection with their investment in a Fund that generally invests side by side with a Fund.
Notwithstanding that these investors will generally not pay these fees, the investors will pay for their pro
rata share of certain Fund expenses or the pro rata portion of such investors’ expenses will be allocated
to the Adviser or the General Partner of a Fund.

The Management Fee paid by a Fund may also be reduced by other fees or compensation received by
SignalFire or its affiliates that relate to such Fund’s activities and investments (see Other Fees below).

Other Fees

In addition, while the Adviser does not currently anticipate receiving transaction fees, monitoring fees,
consulting fees, director fees, break-up fees or similar fees from actual or prospective portfolio

companies of the Funds (“Other Fees”) to the extent the Adviser or its affiliates do receive Other Fees,
the Management Fees paid by a Fund will generally be reduced by up to the full amount of such Other
Fees. Other Fees typically do not include fees received by any individual whose primary relationship
with the Adviser is as an “entrepreneur-in-residence,” “executive-in-residence,” consultant, contractor,
or other retained advisor (as those terms are generally understood in the venture capital and private
equity industries), even if such individual is considered an “employee” of the Adviser or a Fund’s General
Partner under applicable law (as more fully described in the Partnership Agreement of the Fund).

The amount and manner of the foregoing reductions are set forth in the applicable Partnership
Agreement. To the extent a reduction relates to more than one Fund, the Adviser shall allocate the
resulting Management Fee reduction among the applicable Fund(s) in proportion to their interest (or
prospective interest) in the relevant investment. Generally, the portion of Other Fees allocable to capital
invested by a co-investment vehicle or third-party co- investor that does not pay Management Fees will
be retained by the Adviser and such amounts will not offset any Management Fee. Due to the timing of
receipt of compensation subject to offsets, Fund investors will not receive the full benefit of reductions
or offsets. Other Fees may be substantial and may be paid in cash, in securities of the portfolio companies
or investment vehicles (or rights thereto) or otherwise. In many cases with respect to the implementation
of the arrangements described above, there is not an independent third-party involved on behalf of the
relevant portfolio company. Therefore, a conflict of interest exists in the determination of any such fees
and other related terms in the applicable agreement with the portfolio company.

Carried Interest

In addition to the Management Fee, the General Partner of each Fund may be entitled to receive
performance-based profit distributions with respect to a Fund as set forth in the Partnership Agreement
(“Carried Interest”). The amount of Carried Interest to which the General Partner of a Fund is entitled
may increase once a specified return has been achieved (as more fully described in the Partnership
Agreement of the Fund). The Carried Interest distributed to a General Partner in connection with its
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ITEM 7 – TYPES OF CLIENTS

SignalFire provides investment advisory services to the Funds. Investment advice is provided directly
to the Funds (subject to the direction and control of the General Partners of the Funds) and not
individually to investors in the Funds.

Interests in the Funds are offered pursuant to applicable exemptions from registration under the
Securities Act and the 1940 Act. Investors in the Funds are generally “qualified purchasers” as defined
in the 1940 Act, and include, among others, high net worth individuals, banks, fund-of- funds, pension
and profit sharing plans, trusts, estates, charitable organizations, endowments, corporations, limited
partnerships and limited liability companies or other entities. In some cases, the Funds may accept
“accredited investors,” including knowledgeable employees, who do not meet the definition of
“qualified purchasers.”

The Adviser may have a minimum investment amount for a Fund, as disclosed in the applicable
Partnership Agreement, which may be waived at the sole discretion of the General Partner.