Amergin Asset Management LLC

Item 5. Fees and Compensation

How Amergin is compensated for advisory services. The compensation paid to
Amergin by the Fund is specified in the Fund’s governing documents and investment
advisory and servicing agreements and is not negotiable as follows:

Management Fee. Amergin is entitled to a management fee (“Management Fee”). The
amount of the Management Fee is payable in arrears and determined based on the
aggregate fair value (“Fair Value”) of the investments held by the Fund and payable at
percentages specified in the Fund’s governing and investment advisory and servicing
agreements.

Incentive Fee. Amergin is entitled to share in the upside of successful investments in
the form of an incentive fee (“Incentive Fee”). The Incentive Fee is based on the total
realized and unrealized income of the Fund’s investors on their capital commitments.
The Incentive Fee scales from a marginal rate of 0%, if the investments fail to meet a
minimum rate of return (“Hurdle Rate”), up to varying rates depending on the amount by
which the rate of return exceeds the Hurdle Rate, in each case, as specified in the Fund’s
governing and investment advisory and servicing agreements. Proceeds available for
distribution of the Incentive Fee will consist principally of cash generated from continuing
operations of the assets owned by the Fund and the cash proceeds realized on the sale
or refinancing of the Fund’s assets.

Origination Fee. To help compensate Amergin for asset deployment for leases and loan
deployment related to the Fund’s portfolio of income producing equipment assets,
Amergin is entitled to an origination fee (“Origination Fee”). The amount of the
Origination Fee is determined based on the aggregate purchase price of the income
producing equipment assets acquired by the Fund and is payable at various rates
depending on such purchase price as specified in the Fund’s governing and investment
advisory and servicing agreements.

Servicing Agreements. Amergin and its subsidiary, Amergin Asset Management
Ireland, Ltd., have been retained by the Fund pursuant to equipment servicing

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agreements to provide equipment management services in respect of the equipment
assets owned by the Fund. Such services include lease and loan collections and
disbursements, lease administration, lease enforcement, lease modification, and
equipment maintenance. Amergin does not charge a separate fee for providing these
services. Instead, these services are compensated via the Management Fee, the
Incentive Fee and Origination Fee paid to Amergin by the Fund.

Deduction of fees from invested assets. Amergin’s compensation is deducted and
paid from the assets of the Fund. The Management Fee is paid monthly in accordance
with the provisions of the Fund’s governing documents. The Incentive Fee is paid
annually beginning December 31, 2025, other than after January 1 of any of the Fund’s
investors’ exit year; and after January 1 of any exit year, the Incentive Fee is paid on
each date distributions are made to any exiting investor to the extent capital is available
for distribution of the Incentive Fee. The Origination Fee is paid upon the closing of any
income producing equipment assets acquired by the Fund.

Other types of fees or expenses. The Fund pays all offering and organizational
expenses incurred in the formation and structuring of the Fund and its related entities.
The Fund also generally pays for all expenses related to its activities, including all costs
related to the purchase, financing, selling (whether or not the sale is consummated),
leasing, registration, marketing, repair and maintenance of its investments; legal,
auditing, tax, leasing fees, carrying, financing and accounting fees; insurance; litigation
expenses; third-party consultants, including valuation consultants and appraisals; and
any other operating expenses of the Fund. In pursuit of its investment objective, the
Fund may incur and pay fees or expenses to independent third-parties, such as brokers
and agents, equipment managers, accountants, custodians, attorneys, and expenses of
other entities through which the Fund holds its equipment assets. Other expenses may
be charged to the Fund as described in its governing documents. The Fund’s investors
are not directly charged with fees or expenses, but pay their pro rata share of any fees
or expenses charged to the Fund.

Payment of fees in advance. If the Fund’s investment advisory agreement with
Amergin terminates during a period covered by Management Fees paid in advance,
Amergin would pro rate such Management Fees and reimburse the portion of such
Management Fees covering the remainder of the period.

Compensation to Amergin personnel. Amergin personnel (“Amergin Personnel”)
compensation consists of a base salary and year-end discretionary variable
compensation. While the base salary is established at the beginning of each year, year-
end discretionary variable compensation is based on a variety of factors, including, but
not limited to: individual performance and individual contribution to overall team
performance, including in consideration of certain qualitative factors such as risk
management, judgment, compliance, and conduct; Amergin’s performance; anticipated
compensation levels among competitor firms; and the individual’s role, including the
individual’s role with respect to investment performance; contribution to the applicable
team’s net revenues for the past year; and Amergin’s performance for the last year
generally, which net revenues and performance are, predominantly, derived from the

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Management Fee, the Incentive Fee and Origination Fee, although other fees may be
earned for the Fund from transaction counterparties, including via transaction
...

Item 7. Types of Clients.

Amergin provides investment advice only to the Fund, which is a privately offered pooled
investment vehicle.