Strobe Ventures LP

Item 5:          Fees and Compensation

Item 5.A.

In general, Strobe charges a management fee to Clients based on a percentage of assets the Client has supervised
by Strobe (“Management Fee”). Management Fees will generally be deducted from the assets managed by
Strobe on behalf of a Client on either a monthly or quarterly basis, in advance. Strobe, in its discretion, can
reduce, waive or calculate differently the Management Fee with respect to any Investor.

Generally, the Management Fee with respect to each venture capital Investor is structured as follows: (i)
beginning at the initial closing of the Client and continuing through the expiration or termination of the Client’s
investment period, an annual management fee typically calculated as a percentage of aggregate capital
commitments and (ii) thereafter, until the final liquidation and termination of the Client, an annual management
fee generally calculated as a reduced percentage of the aggregate capital commitments.

Management fee rates are not uniform across all Clients and may vary depending on the specific fund or
investment vehicle. For example, certain Clients may pay a management fee of up to 2.0% annually (0.50%
quarterly) during the investment period and 1.75% annually (0.4375% quarterly thereafter), while other Clients
may pay a lower management fee, such as 1.0% annually (0.25% quarterly), following the investment period.

Item 5.B.

Strobe deducts its fees and compensation from the Clients’ accounts by instructing the Clients’ administrators
to facilitate such deductions. Fees and compensation from the Clients are collected at the frequency discussed
above for the Management Fee in response to Item 5.A and at the frequency discussed below for Carried Interest
in response to Item 6.A.

Item 5.C.

Strobe Expenses

Except as disclosed in the Clients’ Offering Documents, Strobe and the General Partners anticipate bearing their
own separate expenses arising out of their services to the Client, including all of its general overhead expenses
such as the rent of its offices, compensation and benefits of its staff, maintenance of its books and records, and
its fixed expenses, telephones, and general-purpose office equipment, but are not responsible for any expenses
of the Clients.

Client Expenses

The Fund will bear all costs and expenses relating to its activities, operations, and maintenance (to the extent
not reimbursed in connection with an investment) including, without limitation, all fees, costs, and expenses
associated (directly or indirectly) with the sourcing, acquiring, holding, hedging, and disposing of its
investments or proposed investments (including, without limitation, consulting services, due diligence,
“broken” deal, and investment-related travel and entertainment expenses), as well as all fees and expenses due
to any legal, financial, accounting, consulting, or other advisors, or any finders, placement agents, or investment
banks, in connection with the sourcing, acquiring, holding, and disposing of investments (or proposed
investments), all entity-level taxes, formation and initial and ongoing filing fees of the Clients, or other
governmental charges (including any entity-level taxes, fees, or other governmental charges levied against any
alternative investment vehicle or special purpose vehicle) and any withholding on the Clients not attributable to
a particular Investor, the costs of any insurance (including, without limitation, general partner liability insurance
and/or directors and officers insurance, as applicable and errors and omissions insurance, if any), expenses

incurred in collection of funds owed to the Clients, extraordinary expenses (including, without limitation,
litigation-related and indemnification expenses), legal, auditing, consulting, research, and accounting fees and
expenses, the costs of any third-party administrator, costs of third-party research, data, analytics, modeling, risk,
structuring, pricing, execution and other third-party information systems, including, without limitation,
installation and maintenance, software and service fees (including, without limitation, the expenses with respect
to data, data feeds, subscriptions, expert networks, and political intelligence providers and reports), costs of
software necessary, desirable, or appropriate for Strobe to market interests in the Clients, communicate and
manage relationships with Investors, and/or operate the Clients and manage its actual and potential investments,
and the costs of any reporting to investors, expenses of the advisory board and its members, and meetings of
investors and the advisory board.

In general, each Investor will bear its pro rata share of the expenses of the Clients, based on relative capital
commitments. The General Partners may, however, allocate expenses on another basis, including by allocating
certain expenses to certain (but not all) Investors, if the General Partner(s) reasonably determines that such an
allocation is more equitable.

From time to time, the General Partner(s), Strobe and/or their affiliates may elect to bear certain expenses on
behalf of the Clients that would otherwise be Clients expenses. The General Partner(s), Strobe and/or their
affiliates will not have any obligation to bear such expenses and may elect at any time (in whole or in part) to
no longer bear such expenses on behalf of the Clients.

Item 5.D.

As discussed above in response to Item 5.A., the Management Fee of each applicable Clients will be payable
either monthly or quarterly in advance. Management Fees are typically non-refundable once paid, though
Strobe may negotiate with a Client or Investor to refund a pro rata portion of Management Fees paid in advance.

Item 5.E.

Neither Strobe, nor any of its supervised persons, will be compensated for the sale of securities or other
investment products (including asset-based sales charges or service fees from the sale of mutual funds).
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Item 7:          Types of Clients

As noted in Item 4.B., Strobe’s Clients are privately offered pooled investment vehicles that are subject to
investment by certain qualified Investors. Investors in the Funds are generally “accredited investors” within the
meaning of Rule 501(a) under the Securities Act of 1933, as amended (“Securities Act”), “qualified clients”
within the meaning of Rule 205-3 under the Advisers Act, and/or “qualified purchasers” within the meaning of
Section 2(a)(5)(1) of the Investment Company Act of 1940, as amended. Investors may include individuals,
banks or thrift institutions, other investment entities, university endowments, sovereign wealth funds, family
offices, pension and profit-sharing plans, trusts, estates or charitable organizations or other corporations or
business entities and may include, directly or indirectly, principals or other employees of Strobe and its affiliates
and members of their families, operating partners or other service providers retained by Strobe.

Each Client generally has a minimum investment amount for potential Investors as provided in the applicable
Offering Documents. Such minimum investment amounts may be waived or amended by Strobe or the
applicable General Partner in their sole discretion.