Zanbato Advisors LLC

Item 5: Fees and Compensation

Compensation and Fee Schedules

The fees applicable to each Fund are set forth in detail in each Fund’s Governing Documents. A
brief summary of those fees is provided below:

As compensation for its investment management services, Zanbato Advisors generally charges
each Fund a management fee, calculated as a percentage of the capital contributions of Fund
investors. The management fee and the time period during which the management fee is charged
are set forth in the Governing Documents. In addition, as described in more detail in Item 6 below,
the Manager is entitled to receive allocations of carried interest from certain of the Funds, in the
form of a percentage of net proceeds realized upon a liquidation event, as set forth in such Fund’s

Governing Documents. Performance-based compensation is contingent on the performance of the
underlying Portfolio Companies.

Zanbato Advisors (or its affiliates) may agree to reduce, waive, or calculate differently the fees
and carried interest with respect to certain investors, including members, partners, stockholders,
directors, officers, affiliates, or employees of Zanbato Advisors or its affiliates, or such person’s
family members and trusts or other entities established for the benefit of such person or his or her
family. Zanbato Advisors may also enter into “side letters” or similar agreements with certain
investors in the Funds, granting such investors specific rights, benefits, or privileges that are not
made equally available to all investors. Fees may vary as a result of negotiations, discussions
and/or factors such as the particular circumstances of the investor, the size and scope of the overall
relationship, or as may be otherwise agreed with specific investors.

Deduction of Fees

Zanbato Advisors is authorized under the Governing Documents to charge and deduct
management fees in advance, either annually for a specified period, at closing, or directly from the
assets of the Funds. Certain Funds have established expense reserves for the purpose of paying
the management fee and other Fund expenses. The Governing Documents of some Funds provide
for the payment of Fund expenses through the issuance of additional interests in the Fund, or out
of liquidating distributions. In addition, the Manager may invoice the Members for fees and
expenses incurred by the Funds. The amount and timing of each Fund’s payment of fees and other
compensation are detailed each Fund’s Governing Documents.

Other Fees and Expenses

In addition to the management fees payable to Zanbato Advisors and the allocations of carried
interest to the Manager and/or one or more Persons designated as special members, each Fund
(and, indirectly, the investors thereof) will bear the expenses disclosed in the applicable Fund’s
Governing Documents. Certain Funds (and, indirectly, the investors thereof) pay fees to those
Persons who are instrumental in forming the Fund and obtaining allocations of shares of the
Portfolio Company. Each Fund is responsible for the costs and expenses that in the good faith
judgment of the Manager are incurred by or arise out of the formation, operation, or activities of
the Fund and each series and/or class thereof and the Fund’s investment in each Portfolio
Company, including (a) organizational and dissolution expenses; (b) the costs and expenses
incurred in connection with maintaining the organizational existence of the Fund and its
investment in each Company Investment, including any transfer fee charged by the Portfolio
Company, and the preparation, delivery and other expenses associated with annual and other
reports and notices to the members, including financial statements, tax returns and Schedule K-1s;
(c) fees and expenses charged to the Fund (or any series or class thereof) by Company Investments,
including management fees, placement fees, and other expenses charged by any third-party
managed fund in which the Fund invests; (d) fees and expenses of administrators, custodians,
outside counsel, consultants, accountants (including all costs incurred in connection with the
preparation of or relating to financial and tax reports, audits, portfolio valuations, tax reviews and
governmental and regulatory filings) and other similar outside advisors in connection with each
Fund, each Company Investment or the Fund’s operating agreement, including expenses incurred
in connection with any amendments to the operating agreement or other Fund documents and

external legal fees relating to the Fund’s activities and operations; (e) insurance costs incurred in
connection with the Fund’s business (including, without limitation, directors and officers,
cybersecurity and cost of correction insurance); (f) an annual administrative fee; (g) any taxes, fees
or other governmental charges levied against the Fund or on its income or assets or in connection
with its business or operations and all expenses incurred in connection with any tax audit,
investigation, settlement or review of the Fund (other than any such taxes, fees or charges levied
in respect of or otherwise in connection with any specific members or allocated to the members
under the Fund’s operating agreement); (h) any series or class-specific expenses; (i) offering and
regulatory expenses related to compliance with Form D and other offering and solicitation
regulatory regimes; (j) expenses related to the implementation and monitoring of anti-money
laundering or “know your customer” compliance, anti-bribery and corruption, cybersecurity and
privacy policies, costs associated with compliance with the General Data Protection Regulation,
the California Consumer Privacy Act of 2018 and other foreign, federal and state data privacy or
similar rules, and other procedures and controls related to the Fund and/or its members; and (k) all
other costs and expenses of the Fund or the Manager or its affiliates in connection with the
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Item 7: Types of Clients

Zanbato Advisors provides advice only to the Funds. Investors in the Funds may include U.S. and
foreign institutional investors, family offices, trusts, corporations, limited partnerships, limited
liability companies, certain pension and profit-sharing plans, and high net worth individuals.

The Funds are offered in the United States to “accredited investors” as defined under Regulation
D under the Securities Act. Performance fees are charged only to investors who are “qualified
clients” as defined in Advisers Act Rule 205-3. Certain Funds are offered only to “qualified
purchasers” as defined under Section 2(a)(51) of the Investment Company Act.

Minimum Investment Requirements

Any minimum amount investors must invest in the Funds is set forth in each Fund’s Governing
Documents and varies from Fund to Fund.