Altera Private Access LLC

Item 5: Fees and Compensation

The following disclosures outline how Altera Private Access is generally compensated. However, Altera Private
Access enters different fee arrangements on an investment-by-investment basis, based on the size of the
offering and target return profile. Specific disclosure of Altera Private Access’s compensation from the Private
Investments is contained in each Private Investment’s Offering Memorandum. Altera Private Access’s
compensation with each Private Investment is negotiable. Some examples of different fee types that may be
charged by Altera Private Access LLC are:

      •   Advisory Fees on total committed or contributed capital
      •   Annual Tech & Platform Fees
      •   Annual Investment Management Fees
      •   One-Time Closing Fees, Underwriting Fees, Portfolio Construction Fees
      •   Affiliated general partners to the Private Investments may receive a performance-based incentive fee
          as further detailed in that specific Private Investment’s Offering Memorandum.

A potential investor should read and review any and all Offering Documents in their entirety before making any
investment decisions.

Altera Private Access LLC may, in its sole discretion, enter into arrangements with investors under which the
Fees are reduced, waived, or calculated differently with respect to such investors, including and without
limitation, investors that are members, affiliates, or employees of Altera Private Access or any affiliates or
investors that make a substantial investment or otherwise are determined by the Managing Member of the
Private Investment to represent a strategic relationship.

By investing indirectly in the Underlying Investment through the Private Investment, Members will bear fees at the
Private Investment level, in addition to any fees and performance-based fees and allocations at the Underlying
Investment level. Moreover, a Member of the Private Investment will bear their proportionate share of the fees
and expenses of the Private Investment (including organizational and offering expenses, operating costs, sales
charges, brokerage expenses, and administrative fees) and, indirectly through its interest in the Private Investment,
similar expenses of the Underlying Investment.

                                                                               ALTERA PRIVATE ACCESS, LLC

All expenses of the Offering or Private Investment and organization thereof will be paid by the Private Investment.
The Private Investments will bear the ordinary organizational & operating expenses, including, but not limited to:

    •   Legal expenses (including the costs of on-going legal advice and services and blue-sky filings, as well as
        extraordinary legal expenses, such as those related to litigation or regulatory investigations or proceedings)
    •   Accounting expenses
    •   Audit expenses
    •   Tax preparation expenses (including any applicable tax liabilities or tax filing costs, other governmental
        charges, or fees payable to maintain the Private Investment)
    •   Research expenses (including research-related and due diligence travel)
    •   Bank wire service and transaction fees
    •   Any fees or expenses paid by the Private Investment to the Underlying Investment

Additionally, the General Partner can earn compensation and there are additional costs and expenses associated
with the Private Investment that are paid directly and indirectly by the investors. The Private Investment’s offering
memorandum contains disclosures of the costs, expenses, interest calculations, withdrawal options, and return on
investment payments. By investing indirectly in the Underlying Investment through the Private Investment,
Members will bear fees at the Private Investment level, in addition to any fees and performance-based fees and
allocations at the Underlying Investment level. Moreover, a Member of the Private Investment will bear their
proportionate share of the fees and expenses of the Private Investment (including organizational and offering
expenses, operating costs, sales charges, brokerage expenses, and administrative fees) and, indirectly through its
interest in the Private Investment, similar expenses of the Underlying Investment.

Altera Private Access’s fees do not include transaction costs (e.g., custodian fees and charges) incurred by an
investor. Investors may incur certain charges imposed by custodians or other third parties such as custodial fees
for private investments, transfer fees, wire transfer fees, and electronic fund transfer fees. Additionally, tax-exempt
investors in the Private Investment may incur tax liabilities due to unrelated business income tax.

Other than as described above, neither Altera Private Access, nor any of its supervised persons receives additional
compensation from the sale of securities or other investment products.

Item 7: Types of Clients

Altera Private Access’s clients are the Private Investments. Subscription minimums for investors in the Private
Investments are disclosed in each Offering Memorandum.

                                                                              ALTERA PRIVATE ACCESS, LLC