Spur Capital Partners LLC

Item 5 – Fees and Compensation

 In exchange for the management and administration of Spur Funds, Spur Capital receives a
 management fee as described in the Limited Partnership Agreement. Annual management fees
 typically range from 0.50% to 0.70% of each investor’s committed capital. The fee is assessed
 and paid quarterly in advance and is non-negotiable and non-refundable. This fee is deducted from
 the Client’s assets on the first day of each quarter.

In addition to management fees, investors bear indirectly the expenses charged to each Spur Capital Fund.
Each Fund will pay, or reimburse Spur Capital, for organizational expenses of the Fund, the General Partner
and affiliated entities; liquidation expenses of the Fund, the General Partner and affiliated entities; the costs
and expenses of the identification, evaluation, negotiation, acquisition, due diligence, restructuring, closing,
holding, monitoring, and disposition of investments for a Fund (whether or not consummated); fees or
government charges which may be assessed against the Fund; commissions or brokerage fees or similar
charges incurred in connection with the purchase or sale of securities (including any merger fees payable to
third parties and whether or not any such purchase or sale is consummated); and fees (if any) and expenses of
members of the Advisory Board (including travel-related costs and expenses).

Additional information regarding fees and expenses is included in the Limited Partnership Agreement of each
Spur Capital Fund.

Spur Capital may, from time to time, organize other investment vehicles that have different investment
objectives and different fee structures.

Item 7 – Types of Clients

 Spur Capital provides portfolio management services to its Clients which are fund-of-funds
 investment vehicles that invest primarily in venture capital partnerships. Investors in the Funds
 include non-US financial institutions, U.S foundations and other institutional or accredited
 investors.