Accord Equity Advisors LLC

Item 5 - Fees and Compensation

Compensation

How AEA is Compensated for Advisory Services

The specific terms for the compensation of AEA by each Fund are dictated by the Fund’s
offering documents, advisory agreement, and any other applicable agreements (such as
side letters or waivers). ACF LP pays to AEA a management fee (the “Management Fee”).
The Management Fee is based on a percentage of assets invested in or committed to a
Fund by its investors and may vary based on the stage of investment of the Fund and the
amounts committed to the Fund by its various investors. The Management Fee ranges
from 0.75% to 1.75% and may be based on adjusted capital or committed capital
calculations that are described in each Fund’s offering documents. Management Fees
will be payable quarterly in advance, to the extent cash flow allows for payments to be
made. All other Funds do not charge management or performance fees. Please reference
the corresponding offering documents.

For Certain Funds, the general partner or managing member is also entitled to receive a
distribution of the investment proceeds from the Funds, generally subject to certain
conditions such as the prior return of capital to Fund investors and/or prior payment to
Fund investors of a certain rate of return on invested capital. Certain of these distributions
are referred to as the “Carried Interest.” A Carried Interest is charged in compliance with
Rule 205-3 under the Advisers Act. Please reference the Fund’s offering document for
detail.

Deduction of Fees from Invested Assets

AEA’s compensation is deducted from the assets or distributions of the Fund. Fund
investors are not separately billed for services. Management Fees are paid quarterly in
advance for ACF LP, to the extent cash flow allows for payments to be made. Please
refer to each Fund’s offering documents for detail on any carried interest calculation.

Other Types of Fees or Expenses

Each Fund pays all offerings and organizational expenses incurred in the formation of the
Fund and the related entities as set forth in the Fund’s offering documents. Each Fund
generally pays all expenses related to its activities, including all costs related to the
investigation, purchase, financing, and sale (whether or not consummated) of
investments; legal (both third-party and for legal services provided by AEA or its affiliates),
auditing, tax, financing, and accounting fees; insurance; litigation expenses; third-party
consultants; and any other operating expenses of the Fund. In pursuit of its investment
objective, a Fund (or AEA on behalf a Fund) may incur and pay fees or expenses to

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independent third parties, broker-dealers, and attorneys. Other expenses may be charged
to a Fund if described in the Fund’s confidential private offering documents. Funds will
incur brokerage and other transaction costs. For more information on brokerage, see Item
12. Fund investors are not directly charged with fees or expenses, but in effect pay their
pro rata share of any fees or expenses charged to the Fund.

Investors in a Fund are allocated their pro rata share of such additional fees and expenses
for the time period they are invested in the Fund.

Redemptions/Withdrawals

Limited Partners have limited withdrawal rights and should carefully review the Funds’
offering documents for specific Fund limitations.

Investors should review its prospectus and statement of additional information for
information on its fees and expenses.

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Item 7 - Types of Clients

Investment Funds

As described in Item 4, AEA provides investment advice to private investment funds that
meet the exclusion from the definition of an investment company under Section 3(c)(1) or
3(c)(7) of the Investment Company Act.

In addition, the Offering Documents for each Fund will set minimum amounts for
investment by prospective investors (each, a “Fund Investor”). We may modify or waive
such minimum investment requirements from time to time; however, investors in any Fund
must: be (i) "accredited investors"; (ii) "qualified purchasers" or eligible "knowledgeable
employees" and (iii) meet other suitability requirements.

The Funds’ minimum initial capital contribution is $100,000.

Investors should review the prospectus and statement of additional information for
information on any minimum investment requirements.

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