Cordoba Capital Partners LLC

Item 5: Fees and Compensation

Cordoba Capital or one of its affiliates generally will earn compensation from each investor based on the
performance of the Fund and/or its investments (the “Carried Interest”) as described in detail in the Offering
Documents for each Fund. Nonetheless, Cordoba Capital has the right to waive or reduce the Carried Interest
to be allocated to Cordoba Capital with respect to any given investor in a Fund.

Cordoba Capital is authorized to allocate and distribute the Carried Interest from Fund investors based on
the authority granted under the Offering Documents.

      Cordoba       Capital                                            Form ADV Part2A Firm Brochure
      Management LP
Depending on the Fund, Cordoba Capital may also earn an asset-based management fee based on the capital
contributions made by Fund investors upon the terms set forth in the Offering Documents. Nonetheless,
Cordoba Capital has the right to waive or reduce the Management Fees payable with respect to any given
investor in a Fund.

In addition to the compensation to be paid to Cordoba Capital and/or any of its affiliates, Funds will be
responsible for the costs associated with the organization of each Fund and the offering of its securities as
described in the Offering Documents for each Fund. In addition, each Fund will be responsible for its ongoing
operating- and investment-related costs, as delineated in the Offering Documents for such Fund.

Item 7: Types of Clients
Cordoba Capital’s only clients are the Funds.

Cordoba Capital does not maintain any minimum portfolio size or minimum fee for maintaining an advisory
relationship with the Firm. However, Funds managed by Cordoba Capital can impose minimum investment
amounts in order for an investor to make an initial or additional investment in the Fund, and such minimum
investment amounts are reflected in the Offering Documents for each Fund. Depending on the Fund,
Cordoba Capital or its affiliates may be authorized to reduce or waive such minimum investment amounts
for investors on a case-by-case basis.