Trinity Hunt Management LP

Item 5 - Fees and Compensation

A. Below is a discussion of how the Adviser is compensated in connection with providing advisory
   services to the Funds. The Adviser may enter into different fee arrangements on a Fund-by-Fund
   basis.

   Capital Commitments

   Each Fund will seek capital commitments (“Commitments”) from investors (i.e., limited
   partners) in one or more closings up to an amount stated in the Funds’ private placement
   memorandum. Generally, capital calls may be required from time to time for a period of up to
   five years after the final closing of the Fund (the “Commitment Period”). Thereafter, the limited
   partners will be released from any further obligation with respect to their undrawn Commitments,
   except to the extent necessary to (i) cover the expenses of the Fund, including Management Fees
   and indemnification obligations, (ii) complete investments by the Fund in respect of transactions
   that were in process as of the end of the Commitment Period, (iii) make follow-on investments
   in portfolio companies and (iv) fund portfolio company guarantees or pay loans that exist as of
   the end of the Commitment Period. In no event will a limited partner be required to make a capital
   contribution in an amount more than its unfunded Commitment.

   Commitments will be drawn down pro rata based on original Commitments on an as-needed
   basis to fund investments and pay Fund expenses. Such contributions will represent each
   partner’s “Capital Contributions.”

   Management Fees

   Each Fund will pay the Adviser an annual management fee (the “Management Fee”) of up to 2%
   of total Commitments for services provided by the Adviser to the Fund, payable quarterly in
   advance from the date of the initial closing of a Fund until the end of the Commitment Period.
   After such time, the Management Fee will be applied to a reduced base amount to be determined
   as of the commencement of each payment period. The base amount for each payment period will
   be equal to the aggregate cost basis of the portfolio company investments held by the Fund as of
   the commencement of such payment period, to the extent that at such time such investments have
   not been written-off, as such event is defined in the limited partnership agreement of each Fund.

   A stated percentage of all “transaction fees” (defined below) and all organizational expenses more
   than a predetermined amount stated in each private placement memorandum will reduce the
   Management Fee payable on an aggregate basis.

   In addition to its initial Capital Contribution, a limited partner admitted at a closing occurring
   after the initial closing will be charged interest on its proportionate share of the Management Fee
   at a percentage stated in the Funds’ private placement memorandum. Any such amounts will be
   paid to the Adviser.

   Transaction Fees

   In connection with the investments of a Fund, various “transaction fees” may be paid to the
   Adviser by the target company or other third parties. Such fees may be retained in full by the
   Adviser, provided that an amount equal to a stated percentage of all such net fees paid to the

Adviser will reduce the Management Fee payable, on an aggregate basis. “Transaction fees”
include any fees received in connection with the consummation, disposition, or termination of an
investment attributable to the Fund and/or any fees received from a portfolio company, such as
break-up fees, commitment fees, investment banking fees, termination fees, portfolio company
management fees, directors’ fees, and similar fees.

Value Creation Team (“VCT”)

In 2021, the Adviser created the VCT (formerly known as the Portfolio Resource Group) to
provide value creation initiative support for its portfolio companies. The VCT is a wholly owned
subsidiary of Trinity Hunt and is comprised of persons retained by the Adviser or any of its
affiliates primarily to provide services to Trinity Hunt’s portfolio companies and in connection
with prospective portfolio companies, including: (i) acquisition integration and related consulting;
(ii) 180-day plan execution; (iii) financial and accounting consulting; (iv) sales and marketing; (v)
technology; (vi) human resources and benefits management; (vii) executive recruiting; (viii)
corporate development and add-on acquisition execution and due diligence; (ix) contract
management; (x) credit facility and debt capital markets support; (xi) market research consulting
services and/or (xii) acquisition search services. Any compensation, including fees, incentive
equity or other stock awards, and any reimbursement of costs or expenses, received by the VCT
or its members may be paid by the Funds, a portfolio company or prospective portfolio company,
and any such amounts will not be shared with the Funds or their partners, will not reduce or
otherwise offset management fees and are not included as transaction fees. The VCT is designed
to pass on its related costs and not earn a profit.

Distributions

Net proceeds attributable to the disposition of an investment in a portfolio company, together
with any dividends or interest income with respect to such investment (“Disposition Proceeds”)
will be distributed to a Funds’ partners participating in such investment according to a schedule
stated in the Funds’ private placement memorandum and outlined in the Funds’ Partnership
Agreements. Generally, the schedule apportions Disposition Proceeds in the following amounts
and order:

    (a) first, 100% to the partners in proportion to total Capital Contributions;
    (b) second, 100% to the partners for payment of a stated preferred return (typically 8%);
    (c) third, 100% to the General Partner until such time as the General Partner has received a
        stated percentage (typically 20%) of aggregate distributions (including the preferred
        return); and
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Item 7 - Types of Clients

The Adviser provides investment supervisory services on a discretionary basis to pooled investment
partnerships investing in private equity transactions. Interests in the pooled investment partnerships are
offered pursuant to applicable exemptions from registration under the 1940 Act and the Securities Act.

Generally, the minimum Commitment by a limited partner to a Fund will be $5 million, although the
General Partner reserves the right to accept Commitments of lesser amounts.