Turnspire Capital Partners LLC

Item 5: Fees and Compensation

The fees applicable to each of the Funds are set forth in detail in the corresponding Offering
Documents – see the Offering Documents for any defined terms used below. A brief summary
of such fees is provided below.

Management Fee

The Fund will pay the General Partner or an affiliate a fee (the “Management Fee”) for
management and investment services in an aggregate amount equal to 2% per annum
multiplied by (1) during the Investment Period, each Limited Partner’s aggregate Capital
Commitment as of the first day of the relevant quarter, or (2) after the end of the Investment
Period, each Limited Partner’s invested capital for investments that have not yet been
disposed of or completely written off by the Fund. The Management Fee will be paid in
advance at the beginning of each calendar quarter. The Management Fee will begin accruing
as of the Initial Closing Date.

The Adviser, in its sole discretion, may waive or modify the Management Fee for any Investor.

Other Types of Fees or Expenses

The Fund will pay all legal and other expenses incurred by the Fund, the General Partner, the
Adviser and their respective affiliates in connection with the organization of the Fund, the
General Partner and any Related Vehicle (as defined in the Offering Documents), and the
offering of interests in the Fund or a Related Vehicle (“Organizational Expenses”). However,
any Organizational Expenses in excess of $1,000,000 will be paid by the Fund but borne by the
Adviser through a dollar-for-dollar offset of the Management Fee otherwise payable to the
Adviser.

The Fund will pay, or reimburse the General Partner, the Adviser or their affiliates, as
applicable, for its payment of, all fees, costs, liabilities, obligations and expenses relating to
the Fund and/or its activities or business (including the Related Vehicles), including but not
limited to the following (“Fund Expenses”): (i) Organizational Expenses; (ii) Management Fees;
(iii) all fees, costs, liabilities, obligations and expenses related to, or incurred in connection
with, the discovery, evaluation, acquisition, structuring, holding, financing, refinancing,
development, monitoring, management, restructuring, selling, valuing or disposition of any
Fund investment including, without limitation, the fees and expenses of attorneys,
accountants, tax professionals, consultants, experts, senior advisors, and other service
providers, research expenses, due diligence expenses, travel expenses (including private air
travel, but only to the extent such expenses do not exceed the cost of commensurate first
class or business class airfare), custodial fees, servicing fees, stamp and transfer taxes and
hedging costs, and in each case, regardless of whether any contemplated transaction or
investment is consummated and whether or not such activities are successful; (iv) legal,
accounting, research, auditing, administration (including fees and expenses associated with
any third party administrator used by the Fund and any administration or reporting software,
if any), registered agent, information, advisory, valuation, consulting, tax and other
professional services fees, costs, liabilities, obligations and expenses and other fees, costs,
liabilities, obligations and expenses associated with the ongoing operation and administration
of the Fund; (v) all fees, costs, liabilities, obligations and expenses associated with reporting
and providing information to the Limited Partners or pursuant to any Related Vehicle
agreements, including the costs associated with any web portal, extranet tools, computer

software or other administrative or reporting tools for the benefit of the Fund including fees
and costs of any third party service providers and professionals relating to the foregoing; (vi)
all fees, costs, liabilities, obligations and expenses associated with Limited Partner and LPAC
meetings and the reasonable out of pocket expenses of the members of the LPAC in
connection with their services; (vii) insurance costs; (viii) indemnification amounts payable to
persons entitled to indemnification under the Fund Agreement or any Related Vehicle
agreements; (ix) all taxes, stamp and other duties and other governmental charges payable by
or on behalf of the Fund or any Related Vehicle and all expenses incurred in connection with
any tax audit, investigation, settlement or review of the Fund or any Related Vehicle and
related expenses imposed on the Fund or any Related Vehicle; (x) all fees, costs, liabilities,
obligations and expenses related to administrative compliance and regulatory filings or
reports (including Form PF); (xi) all fees, costs, liabilities, obligations and expenses (including
attorneys’ fees) incurred in connection with any threatened or actual litigation, mediation,
arbitration or other dispute resolution process or governmental or regulatory investigation,
inquiry or proceeding, involving the Fund, any Partner or any Related Vehicle and the amount
of any judgement, settlement, fines, penalties, or other amounts paid in connection therewith
and all other extraordinary expenses; (xii) fees, costs and expenses (including with respect to
any indemnification obligation) paid to any placement agent, provided that 100% of any such
fees, costs or expenses paid by the Fund will be offset against the Management Fee; (xiii) all
fees, costs, liabilities, obligations, and expenses incurred by the “partnership representative”
for the Fund; (xiv) all fees, costs, liabilities, obligations and expenses incurred by the
“partnership representative” for any Related Vehicle which is treated as a partnership for tax
purposes; (xv) all fees, costs, liabilities, obligations and expenses relating to amendments to,
and waivers, consents or approvals pursuant to the constituent documents of the Fund, the
General Partner and the Related Vehicles; (xvi) all fees, costs, liabilities, obligations and
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Item 7: Types of Clients

Our clients are the Funds, as described in Item 4 above, and the Funds are generally open to,
among others, institutions, fund of funds, pension plans, endowments, high net-worth
individuals, financially sophisticated individuals, and other sophisticated investors.