Asilia Credit Investments LLC

Item 5 Fees and Compensation

Management Fee

The specific manner in which the Firm charges fees is described in each Fund’s governing documents. All
investors should review the governing documents of the respective Fund in conjunction with this Brochure
for complete information on the fees and compensation payable with respect to the Fund. As a compensation
for its services provided to Asilia Credit Fund, L.P. (“ACF”) and Asilia Credit Evergreen, LP and Asilia
Credit Fund Evergreen QP, LP (together the “Evergreen Fund”) Asilia typically receives a management fee
(“Management Fee”). The Firm receives an annual fee of 1.0% of the total assets under management of all
outstanding investments of the ACF. With regards to the Evergreen Fund, the Firm receives 0.75% annually
for accounts that exceeds $5 million and 1% annually for all other accounts. To the extent that the Firm has
reserved unfunded commitments for future capital calls beyond the investment period, the Management
Fee shall include unfunded commitments. In all cases, the Management Fee will be payable quarterly, and
all capital commitments for calculating the Management Fee will be deemed made as of the initial closing.
Asilia may reduce or waive the Management Fee.

The Funds will also receive incentive-based compensation as outlined in Item 6 below.

The fee structures above will be modified from time to time.

Co-Invest Vehicles

The Firm will also form co-investment vehicles which are also charged fees in line with the Management
Fee and carried interest and computed in the same manner as the Fund. Asilia reserves the right to waive
or negotiate fees for individual investors at their sole discretion.

All co-investment vehicles are subject to an incentive fee. Asilia reserves the right to waive fees for certain
investors. Asilia currently has not but is permitted to, in its sole discretion, enter into agreements on behalf
of the Funds that modify or supplement an investor’s rights and obligations with respect to its investment
in the Funds (each such agreement, a “Side Letter”). Asilia may grant concessions to any unaffiliated
investor in Side Letters without offering them to other investors, in its sole and absolute discretion.

Asilia deducts Management Fees and performance fees out of the capital account of each investor in the
Clients.

Fund Expenses

ACF will be responsible for all out-of-pocket expenses incurred by the Firm and its affiliates in connection
with the Fund’s business, including organizational expenses and operating expenses. All expenses of
organizing the Fund and offering the interests in the Fund, including legal, accounting, tax advice,
consulting fees, and all such other reasonable and necessary fees subject to a cap of $100,000, the Firm
bearing such expenses in excess of the organization expense cap. All costs and expenses incurred in
connection with the Firm’s performance of its duties including (i) indemnification costs, (ii) fees and
expenses of professional service providers and third party transaction, pursuit and investigation costs
(regardless of whether the transaction is closed); (iii) legal, audit, tax preparation, management information
systems and accounting fees and costs; and (iv) administration, record keeping, investor relations and
investor mailing and communication costs. Operating expenses shall not be subject to a cap.
Notwithstanding anything to the contrary contained herein, the Fund will not be responsible for the
compensation of officers and employees, office overhead or other expenses of the general partner or the
Firm.

The Evergreen Fund will be responsible for all fees, costs, expenses, liabilities and obligations relating or
attributable to the Fund’s activities, business, or actual or potential business. Fund expenses include, but
are not limited to (i) investment sourcing, execution and financing; (ii) intermediaries and transaction
services; (iii) professional and administrative services such as valuation, cybersecurity expenses (including
the engagement of third-parties), consulting (including consulting and retainer fees and other compensation
paid to consultants performing investment initiatives and other similar consultants); (iv) regulatory,
compliance and reporting (including outsourced chief operating officer, chief financial officer, or chief
compliance officer services); (v) governance and fund administration; (vi) litigation, disputes and
indemnification; (vii) taxes and government charges; (viii) investment lifecycle and extraordinary
expenses; (ix) travel, meals and meetings; (x) organizational and placement costs; and (xi) partner-related
costs.

Asilia’s expense arrangements vary depending on the particular Fund. The specific terms of such
arrangements are set forth in each Fund’s governing documents.

Neither the Firm nor any of its supervised persons typically receive compensation for the sale of securities
or other investment products.

Item 7 Types of Clients

The Firm provides investment advisory services to three private funds: ACF, the Evergreen Fund and Asilia
Credit Opportunity I, LLC (the “Funds”), which primarily focus on secured private credit investments to
sponsor-backed companies. The Funds are multi-asset pooled vehicles offered under Rule 506(c) of
Regulation D, which permits the use of general solicitation provided certain requirements are met. All of
the Funds are open solely to Accredited Investors as that term is defined under Regulation D. Asilia Credit
GP, LLC, a Delaware limited liability company (the “General Partner”), is the general partner of the Funds.
The Funds’ offering documents set forth the eligibility criteria and minimum investment requirements for
investors. Interests in the Funds are offered pursuant to applicable exemptions from registration under the
Securities Act of 1933 (the “Securities Act”) and the Investment Company Act of 1940 (the “Investment
Company Act”).

Asilia also advises special purpose vehicles (“SPVs”) including, but not limited to, corporations, limited
liability companies and limited partnerships, to make and hold investments that do not meet the defined
investment objectives of the Funds. The SPVs and the Funds are collectively referred to herein as “Clients”.

Investors in the Funds and SPVs must be accredited investors and qualified purchasers as those terms are
defined in the federal securities laws. The Funds are illiquid investments and investors are not permitted
to redeem their shares. Investors may transfer ownership of their shares subject to the approval of the
relevant General Partner.

In certain circumstances, the Firm will create co-investment vehicles to offer, to investors the opportunity
to coinvest on a side-by side basis with a Fund in such investment. The Firm shall have the right, in its sole
discretion, to accept all, none or any portion of such investor’s capital for such co-investment opportunity
to any third parties, and the terms offered to such third parties may be different that the co-investment terms
offered to electing investors. The Partners are the managers of Asilia 313, LLC, Asilia Special Opportunity
NP, LLC, Asilia Special Opportunity Outworx, LLC, and Asilia Special Opportunity II, LLC (the “Co-
investments”).

ACF generally requires a minimum contribution of $250,000 per unique investor and Evergreen requires a
minimum contribution of $1,000,000, however; the Firm, in its discretion, may accept a lesser amount.