Social Leverage Advisors LLC

Item 5.    Fees and Compensation

In general, Social Leverage or its affiliates receive a management fee and a carried interest (as
defined below) in connection with advisory services. Social Leverage or its affiliates may receive
additional compensation from portfolio companies of the Funds in connection with management
and other services performed for portfolio companies of the Funds. A summary of those fees and
expenses is provided below and is qualified in its entirety by the applicable Partnership Agreement.

Management Fees

As compensation for services rendered to the Funds, the Adviser receives from the Funds an
investment management fee (each, a “Management Fee”) due in advance of the first day of each
fiscal quarter. Management Fees range from 1.0% to 2.5% per annum. For each period of four
successive fiscal quarters commencing after the expiration of the investment period for the venture
capital Funds, the Management Fee shall be reduced by an amount equal to 10% of the
Management Fee in effect for the immediately prior four fiscal quarters, provided that the
Management Fee shall not be reduced below 1% per annum.

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).

Expenses

Each Fund bears all costs and expenses related to its investments and operations, including: all
fees, costs, expenses, liabilities and obligations attributable to the sourcing, investigation, due
diligence, structuring, organizing, acquiring, purchase, managing, monitoring, operating, holding
(including expenses of tracking software), hedging, taking public or private, valuing, winding up,
exchanging, liquidating or dissolving and disposing of the Fund’s investments (whether or not
consummated), including, without limitation, private placement fees, finder’s fees, financing,
commitment, origination or similar fees, interest on and fees and expenses arising out of money
borrowed by the Fund or the Adviser or the General Partner on behalf of the Fund, real property
or personal property taxes on investments, including documentary, recording, stamp and transfer
taxes, brokerage fees or commissions, underwriting commissions and discounts or other similar
charges (including any merger fees payable to third parties), indebtedness of, or guarantees made
by, the Fund or the Adviser or the General Partner on behalf of or in respect of the Fund (including
any margin loan, credit facility, loan commitment, letter of credit or similar credit support),
including any principal, interest or fees and expenses with respect thereto, or any fees and expenses
relating to evaluating, negotiating or seeking to put in place any such indebtedness or guarantee,
travel and entertainment expenses, legal fees and expenses, expenses incurred in connection with
the investigation, prosecution or defense of any claims by or against the Fund, including claims by
or against a governmental authority, audit, appraisal, valuation and accounting fees and expenses,
fees and expenses related to investment banking, consulting, advisory or professional services,

taxes applicable to the Fund on account of its operations, fees and expenses incurred in connection
with the maintenance of bank or custodian accounts, all expenses incurred in connection with the
registration of the Fund’s securities under applicable securities laws or regulations, any sales or
other taxes, fees or government charges that may be assessed against the Fund, the cost of liability
and other premiums for insurance protecting the Fund, the General Partner, the members of the
General Partner, the Adviser, the members of the Adviser, the members of the Advisory Committee
and any of their respective partners, members, shareholders, managers, managing partners,
economic assignees, officers, directors, trustees, employees, consultants, agents or affiliates in
connection with the activities of the Fund or the loss of a Managing Partner, broken deal expenses,
fees and expenses incurred in connection with distributions to the investors, fees and expenses
associated with Fund communications with investors, including preparation and distribution of
financial statements and annual or other reports to the investors, expenses associated with
preparation, filing and distribution of tax returns, tax estimates and Schedules K-1 or any other
administrative, regulatory or other Fund-related reporting or filing, including any filings,
notifications, reports or other regulatory requirements contemplated by or arising under the
European Union’s Alternative Investment Fund Managers Directive (the “AIFMD”) or any other
similar law, rule or regulation (including any implementing law, rule or regulation relating thereto),
all fees, costs and expenses incurred in connection with the organization, management, operation,
dissolution, liquidation and final winding up of any Alternative Investment Vehicle, all fees and
expenses incurred in connection with multimedia, analytical, database news or other research or
information services (including Bloomberg data and other data feeds providing general market
research with respect to trading markets and industries) and related terminals for the delivery of
such services, all fees, costs and expenses incurred in connection with developing, licensing,
implementing, maintaining or upgrading any web portal, extranet tools, computer software or other
administrative or reporting tools (including subscription-based services) for the benefit of the
investors, the Fund’s Portfolio Companies or the investors and any activities with respect to
...

Item 7.    Types of Clients

The Adviser provides investment advisory services to the Funds (each a pooled closed-end
investment vehicle). 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” who do not meet the definition of “qualified
purchasers” including knowledgeable employees and other individuals.

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