Aligned Climate Capital LLC

Item 5: Fees and Compensation

As compensation for its investment advisory services, the Firm receives fixed fees and
performance based compensation. Fixed fees may take the form of (i) management fees calculated
as a percentage of capital commitments or of unrecouped capital contributions, (ii) management
fees calculated as a dollar amount per period (month, quarter, or year), (iii) development fees and
asset management fees calculated as a dollar amount per megawatt or kilowatt of solar power
generation, electricity storage, or electric vehicle charging facilities, or (iv) other formulas for
calculating fixed fees that the Firm may elect to use. Fixed fees may be payable upon the
occurrence of a specified event, such as the commencement of commercial operation of a solar
power generation facility or may be paid on a periodic basis and payable in advance, but in no case
more than three months in advance. Performance based compensation takes the form of a carried
interest after a specified return to investors and is payable upon achieving the specified
performance hurdle. All fees are deducted from clients’ assets.

Clients pay, or reimburse the Firm, for all transaction expenses and other costs incurred relating
to the client’s formation, operations, business and investments that are specified in the governing
documents of the client. Other than the fees described above, and such reimbursement of
expenses and costs, the Firm does not charge any other fees to clients, such as brokerage fees or
custodian fees. See also Section 12 of this Brochure concerning Brokerage Practices.

Aligned has entered into side letter arrangements with certain investors in the Funds that have
established different rights or privileges for those investors, currently with respect to notifications,
representations, reporting, concentration limits, impact investments, terminations, co-invest
rights, and MFN rights. The Firm has given a discount on management and performance fees to

Aligned Climate Capital LLC                                                    Form ADV Part 2A

certain investors in its funds, but otherwise fixed fees and performance based compensation is
calculated the same for all investors in clients (including investors who are affiliates of the Firm).

Item 7: Types of Clients

The Firm’s clients are private investment funds which raise capital from institutional investors,
family offices, foundations and high net worth individuals. While the Firm does not currently have
any of these institutional investors, family office, foundations or high net worth individuals as clients
for whom the Firm provides direct investment advisory services, it may at some point take on
such clients.

Clients of the Firm enter into an agreement (typically a limited liability company operating
agreement, a limited partnership agreement, or a management agreement) which sets forth the
terms of the advisory relationship, including the terms under which the Firm (or an affiliate) acts
as manager of the fund, and the compensation to which the Firm is entitled under the agreement.
For investment funds for which the Firm acts as sole manager, the Firm and the investment fund
also enter into a separate services agreement with respect to additional services that the Firm (or
an affiliate) provides to the fund, and the compensation to which the Firm is entitled under such
agreement.