Sportsology Capital Partners LP

Item 5 – Fees and Compensation

A.      Fee Schedule
The fees and compensation payable to SCP are negotiable and vary among its Clients.
However, the range of compensation is generally as follows:
1.      Management Fee
As compensation for its services, SCP will receive a management fee (the “Management Fee”)
based on a fixed rate or percentage of the Funds’ committed capital or invested capital. The
Management Fee generally begins accruing as of the Partnership’s initial closing date, based
on each investor’s capital commitment, regardless of when the investor is formally admitted
to the Partnership, and continues until the earlier of the end of the Partnership’s term or as
otherwise specified in the applicable subscription agreement. The Management Fee is
calculated on a semi‑annual basis and is generally payable in advance on the first business
day of each semi‑annual period. For partial semi‑annual periods, the Management Fee is
prorated based on the number of days in such period. SCP may, in its discretion, defer the
timing of payment of all or any portion of the Management Fee.

For purposes of determining management fees, investors are categorized based on the
amount of capital committed to the Partnership:
   • Charter Limited Partners are Limited Partners with aggregate capital commitments
       of less than $20 million. Charter Limited Partners are generally charged a
       management fee at an annual rate of 1.5% of committed capital through the fifth
       anniversary of the initial closing, which then steps down to 1.0% of the Management
       Fee Base through the seventh anniversary and 0.5% of the Management Fee Base
       through the ninth anniversary.
   • Pillar Limited Partners are Limited Partners with aggregate capital commitments of
       $20 million or more. Pillar Limited Partners are generally charged a management fee
       at an annual rate of 1.0% of committed capital through the fifth anniversary of the
       initial closing, which then steps down to 0.5% of the Management Fee Base through
       the seventh anniversary and 0.25% of the Management Fee Base through the ninth
       anniversary.

After the applicable step‑down period, no management fee is charged for the remainder of
the Partnership’s term. The Management Fee Base is defined in the Partnership Agreement
and may differ from an investor’s original commitment.

2.      Performance-based Fees
In addition to the Management Fee, SCP and/or certain of its affiliates receives a “carried
interest” (sometimes referred to as a “performance fee”) based on the performance of the
investments in the respective Funds. The Carried Interest is paid only after certain return
thresholds are achieved and is governed by the distribution provisions of the Constituent
Documents. The carried interest for Charter Limited Partners is 15% and for Pillar Limited

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Partners is 10%, increasing to 15% once such Pillar Limited Partner has received 200% of its
aggregate capital contributions.

The carried interest paid by the Funds is indirectly borne by investors in such Funds. Certain
Funds and/or investors in such Funds can incur lower or no carried interest from time to
time. SCP personnel may invest in the Funds indirectly through the Funds’ General Partners
and therefore will generally not pay Carried Interest with respect to their indirect
investments in the Funds.

B.      Payment of Fees
Management fees, carried interest/performance-based fees, and third-party fees (discussed
below) are deducted from Client assets. Management fees, which are paid in advance, are
withdrawn in advance on the first business day of each semi‑annual period. For partial
semi‑annual periods, the Management Fee is prorated based on the number of days in such
period. Performance-based fees are determined as of the last business day of the calendar
quarter and as of any date on which an Investor receives a distribution from such Investor’s
capital account(s).

C.      Third-Party Fees
Clients/Funds shall pay such costs and expenses as SCP shall reasonably determine to be
necessary, appropriate, advisable or convenient to carry on its business and realize its
objective, including but not limited to: (i) management fees; (ii) all general investment
expenses (i.e., expenses which SCP reasonably determines to be directly related to the
investment of the Client’s assets); (iii) all administrative, legal, accounting, auditing, record-
keeping, tax form preparation, compliance and consulting costs and expenses; (iv) fees, costs
and expenses of third-party service providers that provide such services; and, (v) any
extraordinary expenses, among other expenses.
SCP’s fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses which shall be incurred by the Clients. Such charges, fees and commissions are
exclusive of and in addition to SCP’s management fee, and SCP shall not receive any portion
of these commissions, fees, and costs.
Please see Item 12 of this Brochure regarding brokerage.
D.      Prepayment of Fees
SCP will pro rate the management fee for Fund Interests held for less than a full semi annual
period, as a result of subscribing for interests other than on the first business day of the semi
annual. Prepaid but unearned fees are refunded to the Clients and/or Investors, as the case
may be.
Investors may not sell, assign or transfer its interest in the Fund except under certain
limited circumstances and with the prior written consent of SCP and/or its affiliates.

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Item 7 – Types of Clients

SCP provides investment advice and management to the Funds. SCP does not provide
investment advisory services individually to the investors in the Funds. SCP may in the future
provide the same or similar services to other privately placed investment funds and/or
separately managed accounts.
SCP intends to restrict the number of Investors in the Funds and will offer Interests only
through non-public transactions in order to maintain their exclusion from “investment
company” status under the Investment Company Act of 1940, as amended (the “Investment
Company Act”). Prospective Investors in the Funds must meet eligibility criteria and are
subject to certain withdrawal requirements and limitations. Prospective Investors are

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encouraged to thoroughly review a Fund’s Constituent Documents, which set forth all of the
terms in detail.
Each Investor generally must be an “accredited investor” (as defined in Regulation D under
the Securities Act of 1933), a “qualified purchaser” (as defined in Section 2(a)(51) of the U.S.
Investment Company Act of 1940, as amended), an Investor who is eligible to enter into a
performance fee arrangement under state and/or federal law, as applicable, and must meet
other criteria as specified in the Constituent Documents. The minimum initial investment is
$2,000,000, although SCP and/or its affiliates reserve the right to waive this minimum.