Westech Investment Advisors LLC

Item 5- Fees and Compensation

The Firm or an affiliated managing member or general partner receives from the Funds
management fees and (for certain Funds) incentive compensation. In connection with the
Ridgepost transaction, certain principals and employees of the Firm established and own VLL
Legacy LLC, which receives incentive compensation from certain of the Funds. In accordance
with the Governing Documents, these fees and compensation are deducted directly from Fund
accounts. The Firm and VLL Legacy LLC have, and could continue to, waive, reduce or calculate
differently all or a portion of any management fees and incentive compensation for one or more
investors, including for certain affiliates of the Firm. The precise amount of, and the manner and
calculation of, the management fees in certain cases differ from one Fund to another, and these are
set forth in such Fund’s Governing Documents received by each investor prior to investment in a
Fund.

WTI will generally calculate management fees on a quarterly basis, in arrears. Each quarter, the
previous quarter’s calculation of management fees is reviewed in case there has been a change
and, if necessary, a “true-up” adjustment is made to the current quarter calculation. Management
fees are based on information as of the last day of the quarter and are not prorated for capital
contributions and withdrawals made during the applicable calendar quarter. Any underpayments
or overpayments are adjusted and paid with the following quarter’s payment.

Performance-based compensation payable to the Firm, affiliated general partner or VLL Legacy
LLC is payable quarterly, annually or more frequently as described in the applicable Governing
Documents.

The Firm charges each Debt Fund similar (although not identical) management fees based on either
a cost basis of assets, the fair value of assets, or committed capital, and VLL Legacy LLC or
affiliated general partner charges each Debt Fund an incentive allocation, typically 20% of profits,
so long as an identified “hurdle” rate of return for the Debt Fund is reached. The Firm charges the
Equity Fund a management fee of 0.5% of the cost basis of such Equity Fund’s investments, and
affiliated general partner receives an incentive allocation of 15% of profits up to and until a hurdle
is reached, after which the incentive allocation is increased to 20% of profits.

The management fee and incentive allocation charged to the Funds by Westech and VLL Legacy
LLC or affiliated general partner respectively are summarized below. Investors should refer to the
Governing Documents of each Fund for a full description of management fees and performance-
based compensation.

Effective October 1, 2015, the Firm has waived all management fees for LLC IV. LLC IV pays
VLL Legacy LLC an incentive allocation of 20% of total profits so long as the preferred return of
8% per annum, cumulative but not compounded, on unreturned capital is maintained.

Effective February 20, 2017, the Firm has waived all management fees for LLC V. LLC V pays
VLL Legacy LLC an incentive allocation of 20% of profits so long as the preferred return of 8%
per annum, cumulative but not compounded, on unreturned capital is maintained.

Effective June 28, 2020, the Firm has waived all management fees for LLC VI. LLC VI pays VLL
Legacy LLC an incentive allocation of 20% of total profits so long as the preferred return of 8%
per annum, cumulative but not compounded, on unreturned capital is maintained.

Effective December 18, 2022, the Firm has waived all management fees for LLC VII. LLC VII
pays VLL Legacy LLC an incentive allocation of 20% of total profits so long as the preferred
return of 8% per annum, cumulative but not compounded, on unreturned capital is maintained.

Effective August 12, 2025, the Firm has waived all management fees for LLC VIII. LLC VIII pays
VLL Legacy LLC an incentive allocation of 20% of total profits so long as the preferred return of
8% per annum, cumulative but not compounded, on unreturned capital is maintained.

Fund IX and LLC IX and WTI Fund X and LLC X and Fund XI and LLC XI pay fees in the same
manner. In particular, each Fund pays a combined fee calculated as a percentage of committed
equity capital, as follows:

                                                Fund IX & Fund X &
                               Total                  Fund XI
                                                    Investment               LLC IX and LLC X
                       Management Fee             Management Fee              Management Fee

 Year 1:                    1.75%                       1.575%                      0.175%

 Year 2:                    2.00%                       1.600%                      0.400%

 Year 3:                    2.25%                       1.575%                      0.675%

                                                Fund IX & Fund X &
                               Total                  Fund XI
                                                    Investment                LLC IX and LLC X
                        Management Fee            Management Fee               Management Fee

 Year 4:                    2.50%                        1.500%                      1.000%

 Year 5:                    2.50%                        1.250%                      1.250%

 Year 6:                    2.25%                        0.900%                      1.350%

 Year 7:                    2.00%                        0.600%                      1.400%

 Year 8:                    1.75%                        0.350%                      1.400%

 Year 9:                    1.50%                        0.150%                      1.350%

 Year 10:                   1.50%                        0.000%                      1.500%

Management fees are not payable for Fund IX or LLC IX, WTI Fund X or LLC X and WTI Fund
...

Item 7- Types of Clients

The Firm provides investment advisory services to the Funds. Investors participating in the Funds
are (i) “accredited investors” within the meaning of Rule 501 of Regulation D under the Securities
Act of 1933, as amended; and (ii) “qualified purchasers” as defined in Section 2(a)(51)(A) of the
1940 Act; or (iii) “knowledgeable employees” within the meaning of Rule 3c-5 of the 1940 Act.
Investors in the Funds are not clients of the Firm.

The minimum investment amount is stated in the Governing Documents, and Westech or its
affiliates can reduce or waive the minimum investment at its discretion.