Question: This is Truebridge, assume $10M commitment, 2.5x net return TrueBridge Seed III, L.P. Summary of Terms Strategy Build a portfolio of top-performing established seed funds

This is Truebridge, assume $10M commitment, 2.5x net return

TrueBridge Seed III, L.P. Summary of Terms Strategy Build a portfolio of top-performing established seed funds and compelling emerging managers Fund Size $250 million target GP Contribution Greater than 1% of aggregate commitments Investment Period 4 years from initial close (subject to a one-year extension at GP's discretion) Fund Term 12 years (subject to two one-year extensions at GP's discretion) Management Feel Averaging less than 0.70% of committed capital per annum over the anticipated life of the fund Carried Interest 5% of cumulative realized net profits GP Clawback Yes Min. LP Commitment $5.0 million (GP can agree to accept lesser amounts) 'Calculated based on fund life of 15 years

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