SRP Capital Advisors LLC

ITEM 5: FEES AND COMPENSATION

Stronghold does not have a standard fee schedule but may earn a management fee based on capital
commitments, capital contributions or invested capital (“Management Fee” or “Acquisition Fee”) for each
Fund or Client. Pursuant to Fund or Client Governing Documents, Stronghold or its affiliates may on
occasion receive certain additional fees with respect to Portfolio Investments or transactions. Management
Fees may be offset by a percentage of such fees received by the Investment Manager or its affiliates or other
expenses incurred. In addition to Management Fees, the General Partner or an affiliate will generally receive
a performance allocation (“Carried Interest”) based on net profits after Clients or Fund investors have
received a return of capital and preferred return, as outlined in relevant Governing Documents. Fee
arrangements and any offset provisions are established in the Governing Documents for each Fund or Client.

The Management Fee and Carried Interest provisions for Funds currently managed by Stronghold are
described below. Please refer to the Governing Documents of each Fund for more detailed fee and expense
provisions. Fees may differ across the Funds or Client accounts managed or advised by Stronghold. Such
variability may be driven by the size of the total mandate, investment strategy and investment horizon
among other factors. Stronghold may, in its discretion and from time to time, elect to waive, in whole or in
part, reduce or calculate differently, the Management Fee or Carried Interest with respect to any Client or
investor. Certain Clients or Fund investors may negotiate different fee arrangements in a side letter or other
agreement with Stronghold or an affiliate thereof.

All fees, costs and expenses and the reimbursement of those expenses will be explicitly disclosed in
partnership agreements, advisory agreements or other Governing Documents of the Fund.

Management Fees

The General Partner or Investment Manager may, in its sole discretion, waive or reduce an investor’s
Management Fee.

SRPO-II, SRPO-II Partners and SRPO-III

For the period from the initial closing date until the end of the investment period, the Investment Manager
shall be paid a Management Fee for each three–month period calculated with respect to such investor at a
rate equal to the product of (i) 2% per annum and (ii) the capital commitment of such investor. Thereafter,
the Investment Manager shall be paid a management fee for each three–month period calculated with
respect to each investor at a rate equal to the product of (x) 2% per annum and (y) the actively invested
capital of such investor as of the beginning of such three–month period. The Management Fee is payable
in advance on a quarterly basis.

Ventures 2019

The Investment Manager shall be paid a Management Fee for each three–month period calculated with
respect to such investor at a rate equal to the product of (i) 2% per annum and (ii) the greater of (a) the
capital commitment of such investor or (b) the actively invested capital of such investor. The Management
Fee is payable in advance on a quarterly basis.

STOMP II

The Investment Manager shall be paid a one-time Acquisition Fee equal to the product of (i) 2.5% and (ii)
the amount paid for the Portfolio Investment in connection with the acquisition thereof. The Acquisition
Fee is payable at the time of the transaction.

Yukon

Yukon does not pay a Management Fee.

Junction

The Investment Manager shall be paid a Management Fee for each three–month period calculated with
respect to such investor at a rate equal to the product of (i) 2% per annum and (ii) the greater of (a) the
capital commitment of such investor or (b) the actively invested capital of such investor. The Management
Fee is payable in advance on a quarterly basis.

The Investment Manager shall be paid a one-time Acquisition Fee equal to the product of (i) 2.5% and (ii)
the amount paid for the Portfolio Investment in connection with the acquisition thereof. The Acquisition
Fee is payable at the time of the transaction.

Management Fee Offsets

SRPO-II, SRPO-II Partners, SRPO-III, Ventures 2019, and Junction

The Fund shall pay or reimburse the General Partner, the Investment Manager or its affiliates for (x) legal
and other organizational and offering expenses of the Fund and the Fund-related entities, other than
organizational expenses of the Investment Manager (refer to definition in the Expenses section below), and
(y) all Placement Fees (refer to definition in the Expenses section below). Organizational Expenses in
excess of such amount set forth in the relevant Fund Governing Documents, as applicable, and Placement
Fees shall reduce the Management Fee otherwise payable by an identical amount. Organizational Expenses
shall include fees and expenses of counsel to, accountants for and agents of the Fund, the General Partner
and the Investment Manager, reasonable travel expenses of personnel of the General Partner and its
advisors, and other expenses, in each case, incurred in connection with the formation of the Fund and the

Fund-related entities, the preparation of the Governing Documents, compliance with applicable laws or
regulations and the offering of Fund interests (other than Placement Fees).

All transaction fees shall be payable to and be income of the Investment Manager or a designated affiliate.
All Placement Fees and Organizational Expenses shall be paid by the Fund. An amount equal to the sum of
(i) 100% of all transaction fees (ii) 100% of all Placement Fees and all excess Organizational Expenses
shall reduce the Management Fees on the date of, or in the periods following, payment of such fees.

STOMP II and Junction

There are no applicable Acquisition Fee offsets.

Carried Interest

Subject to the terms and conditions set forth in each Fund’s Governing Documents, the General Partner will
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ITEM 7: TYPES OF CLIENTS

As noted in Item 4 above, Stronghold’s Clients include or may include the Funds as well as single investor
vehicles, separately managed accounts, and Co-Investors. Potential Clients and Fund investors include, but
are not limited to:

       Public pension plans
       Corporate pension plans
       Endowments
       Foundations
       Financial service companies or banks
       Charitable organizations
       High net worth individuals
       Taft-Hartley plans
       Insurance companies
       Sovereign wealth plans
       Corporations
       Governments or government agencies
       Family offices

Investors in Funds will primarily consist of institutional investors and high net worth individuals and related
investment entities that are “accredited investors,” as such term is defined in Rule 501(a) of Regulation D
under the Securities Act of 1933, as amended (the “Securities Act”), and “qualified purchasers” as such
term is defined in Section 2(a)(51)(A) of the Investment Company Act of 1940 as amended (or
knowledgeable employees of Stronghold).

The minimum investment amount in a Fund is disclosed in the Governing Documents; however, the
minimum investment which, for example, was generally $1 million SRPO-II, is subject to reduction or
waiver in Stronghold’s discretion, and Stronghold or its affiliates may permit investments of a smaller
amount or with respect to any investor.