ECC Fund Manager II LLC

Item 5 - Fees and Compensation

A. Below is a discussion of how the Advisor is compensated in connection with providing
   advisory services to its Clients. The Advisor may enter into different fee arrangements on a
   Client by Client basis pursuant to side letters or otherwise.

   Funds

   1. Emerald Creek Capital Income Fund IV, LLC (“Fund IV”)

   Management Fees: Fund IV will, on behalf of each Member, pay to the Advisor a management
   fee (“Management Fee”) equal to 2.0% per annum of: (A) during the Investment Period, the total
   Contributions, and (B) after the Investment Period, and with respect to each Investment, the
   aggregate amount of capital contributions made by the Members to Fund IV with respect to such
   Investment (including capital contributions used to fund expenses allocated to such Investment)
   until such Investment is no longer owned by Fund IV. Management Fees will be accrued in
   advance and paid semiannually. The Advisor will have the right, in its sole discretion, to waive
   or reduce the share of the Management Fee allocable to any Member (without a concurrent
   increase in any other Member’s share of the Management Fee).

   Investors admitted to Fund IV subsequent to the Initial Closing will be required to pay to the
   Advisor, unless waived in whole or in part by the Advisor, an amount equal to the Management
   Fee, calculable in respect of such investor’s Interest, as if such investor had been admitted at the
   Initial Closing,

   In lieu of charging a Management Fee, the Managing Member may charge Fund IV a servicing
   fee. Such servicing fee will be paid to an affiliate of Emerald Creek. The Management Fee for
   any fiscal year will be reduced by the amount of any servicing fee paid during such fiscal year.

   Performance Allocation: ECC Fund SM II, LLC (the “Special Member”), which is an affiliate
   of the Advisor and a member of Fund IV, is entitled to a performance-based profit c a r r i e d
   i n t e r e s t distribution when cash is available for distribution based on the following schedule:

              a. Return of Capital: First, one hundred percent (100%) to such Member until the
                 cumulative distributions to such Member equal to Management Fees and other
                 Fund IV Expenses incurred by such Member during such month;

                   b. Preferred Return: Second, one hundred percent (100%) to such Member
                   until the cumulative distributions to such Member equal a preferred return on all
                   Company Investments at the rate of five percent (5%) per annum, compounded
                   annually (the “Preferred Return”) (such Preferred Return shall be calculated
                   quarterly, from and including the date on which the relevant Capital Contribution
                   was made (or deemed made in the case of Members admitted subsequent to the
                   Initial Closing) by such Member to Fund IV until distributions are made to such
                   Member with respect to such Capital Contribution).

                   c. Catch-Up: Third, (A) eighty percent (80%) to the Special Member and (B)
                   twenty percent (20%) to such Member, until the Special Member has received an
                   amount equal to twenty percent (20%) of the aggregate distributions under
                   paragraphs (b) and (c); and

                d. 80/20 Split: Fourth, thereafter, eighty percent (80%) to such Member and
                twenty percent (20%) to the Special Member.

Withdrawals: A Member may not sell, assign, or transfer any interests in Fund IV without the
prior written consent of the Advisor, which may be given or withheld in the Advisor’s sole and
absolute discretion.

2. Emerald Creek Capital Cayman Income Fund IV, LP (“Cayman Fund IV”)

Management Fees: Cayman Fund IV will, on behalf of each Partner, pay to the Advisor a
management fee (“Management Fee”) equal to 2.0% per annum of the net assets of Cayman
Fund IV attributable to such Partner’s capital account as of the last day of the immediately
preceding semi-annual period. Management Fees will be accrued in advance and paid semi-
annually. The Advisor will have the right, in its sole discretion, to waive or reduce the share of
the Management Fee allocable to any Partner (without a concurrent increase in any other
Partner’s share of the Management Fee.

Investors admitted to Cayman Fund IV subsequent to the Initial Closing will be required to pay
to the Advisor, unless waived in whole or in part by the Advisor, an amount equal to the
Management Fee, calculable in respect of such investor’s Interest, as if such investor has been
admitted at the Initial Closing.

In lieu of charging a Management Fee, the Advisor may charge Cayman Fund IV a servicing
fee. Such servicing fee will be paid to an affiliate of Emerald Creek. The Management Fee for
any fiscal year will be reduced by the amount of any servicing fee paid during such fiscal year.

Performance Allocation: ECC Fund SM II, LLC (the “Special Partner”), which is an affiliate
of the Advisor and a member of the Fund, is entitled to a performance-based profit c a r r i e d
i n t e r e s t distribution when cash is available for distribution based on the following schedule:

           a. Return of Capital: First, one hundred percent (100%) to such Partner until the
              cumulative distributions to such Partner equal to Management Fees and other
              Cayman Fund IV expenses incurred by such Partner during such month;

                b. Preferred Return: Second, one hundred percent (100%) to such Partner until
                the cumulative distributions to such Partner equal a preferred return on all
                Cayman Fund IV Investments at the rate of five percent (5%) per annum,
                compounded annually (the “Preferred Return”) (such Preferred Return shall be
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Item 7 - Types of Clients

As mentioned in Item 4, the Advisor provides investment advisory services to (i) private funds for
sophisticated, qualified investors, including high net worth individuals, pension plans, funds of
funds, family offices, endowments and other institutions and (ii) separate accounts including high
net worth individuals, retirement plans, trusts, partnerships, corporations, or other businesses.

The Offering Documents for each Client include certain stated minimum investment amounts,
although the Advisor may accept investments in a lesser amount at its sole discretion.