Accion Impact Management LLC

Item 5. Fees and Compensation
Interests in the Funds are offered only to certain qualified investors. Limited partnership interests
of the Funds will be sold only to “accredited investors” as defined under Rule 501 of Regulation D
of the Securities Act of 1933, as amended (the “Securities Act”), and “qualified purchasers” as
defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended (the “Investment
Company Act”).

Investors and prospective Investors are provided with a PPM prior to their investments. Such PPMs
contain a detailed description of fees, and Investors should refer to the relevant PPM for any
questions relating to fees.

Management Fees
The Management Fee payable by each Fund, as set forth in greater detail in each Fund’s Governing
Documents, generally ranges between 2.25% and 2.5% of aggregate commitments of the Funds
during the Investment Period, as defined herein, and payable quarterly in advance less certain
allowable fee offsets, as described below. The Investment Period is generally the period between
the Fund’s initial closing date and the fifth anniversary of such date. Commencing with the first
Management Fee due date after the expiration of the Investment Period, as described in greater
detail in each Fund’s Governing Documents, the Management Fee is generally calculated on the
basis of each Investor’s invested capital and pro rata share of reserved capital.

As detailed in the Governing Documents of each Fund, the Management Fee will be reduced by the
amount of any transaction, monitoring, advisory, consulting, directors’ or break-up fees paid to AIM
or any of its affiliates, members or employees by the Fund’s portfolio companies (other than any
such fees expressly approved by the limited partner advisory committee), to the extent that such
fees exceed the amount of unreimbursed Fund expenses borne by AIM or the GP (as applicable).
As detailed in the Governing Documents, this offset will not apply to any fees paid to Accion
International (or any of its subsidiaries) by any portfolio company for rendering certain specified
services which Accion International (or such subsidiary) has been retained to provide by such
portfolio company. In such instances, AIM will ensure that Accion International (or such subsidiary)
has recognized standing as a provider of the relevant services and the terms of such retention
(including the amount of fees payable to Accion International or such subsidiary) are believed to be
comparable to those that would be obtained in arm’s-length negotiations with unrelated third parties
for similar services, taking into account Accion International’s or such subsidiary’s level of
experience and expertise in providing such services relative to other potential providers.

Carried Interest
The GP is generally entitled to a “carried interest” on the Fund’s profits in accordance with the
provisions of the Fund’s limited partnership agreement. The “carried interest” is generally equal to
a percentage (typically 20%) of the investment proceeds distributable by the Fund in excess of the
capital invested by the Fund’s Investors and their allocable share of fees and expenses, and is subject
to a preferred return.

The SMAs will pay a Management Fee, as detailed in the relevant Governing Documents. The
SMAs do not pay carried interest to AIM or its affiliates.

Management Fees have been, and may in the future be, modified at the discretion of the GPs, for
certain investors that have entered into side letter agreements with the GPs. More specifically,
certain investors may pay lower fees in the Funds in which they are invested as compared to other
investors invested in the Funds.

It is critical that Investors refer to the PPM and limited partnership agreement for a complete
understanding of how AIM or the GP is compensated for advisory services. The information
contained herein is a summary only and is qualified in its entirety by such documents.

Expenses
In addition to Management Fees and carried interest, the Funds’ Investors will bear indirectly (to
the extent not reimbursed by a portfolio company) the expenses charged to the Funds. Those
expenses will vary by Fund in accordance with their respective Fund Governing Documents, but
typically will include, among other things: legal and other organizational expenses, including the
out-of-pocket expenses of the AIM and the relevant GP, incurred in connection with the formation
of the respective Fund and the offering of interests in the Fund, expenses associated with the
evaluation, making, holding and disposition of investments, including reasonable travel costs,
broken deal expenses, financing, legal, auditing, insurance, consulting, and accounting fees and
expenses, interest on fees and expenses arising out of all borrowings made by the Funds, and taxes
and other governmental charges levied against a Fund.

The SMAs will bear the costs and expenses associated with the evaluation, making, holding and
disposition of each actual or prospective investment in which the SMAs participate, as described in
the Governing Documents.

In the discretion of the relevant Fund’s GP, operating expenses may be paid either out of amounts
otherwise available for distribution to the Investors or by drawdowns of the Investors’ unfunded
capital commitments. Any amount drawn down from the unfunded capital commitments to pay
operating expenses may, to the extent the Investors receive subsequent distributions, be restored to
the unfunded capital commitments and subject to future drawdowns.

Co-Investments
AIM and the GPs may or may not charge management fees, one-time funding or administrative
fees, or carried interest in respect of co-investments, and fee income attributable to co-investments
may or may not be shared by AIM or the GPs with co-investors, in each case as AIM or the relevant
GP determines in its sole discretion. For the avoidance of doubt, AIM or the GPs may in its sole
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Item 7. Types of Clients
AIM provides investment advisory services to pooled investment vehicles operating as private
funds. Interests in the Funds are not registered under the Securities Act, and the Funds are not
registered under the Investment Company Act. Accordingly, interests or shares in the Funds are
offered and sold exclusively to Investors that satisfy the eligibility provisions outlined in Item 5
above.

The minimum capital commitment of an Investor varies by Fund, as detailed in the Governing
Documents, but generally ranges between $500,000 and $5,000,000, subject to modification or
waiver by the GP. In addition, the Fund may enter into separate agreements, commonly referred to
as “side letters,” with certain Investors, to modify certain terms or add different terms than those
specifically described in the Governing Documents. Under certain circumstances, these agreements
could create preferences or priorities for such Investors.

AIM also provides investment advisory services to the SMAs pursuant to the investment
management agreements that were individually negotiated with such SMA.