Equalize Capital LLC

Item	5	–	Fees	and	Compensation
Asset	Management	Services	to	The	Equalize	Community	Development	Fund
For	 advisory	 services	 to	 the	 Fund,	 we	 are	 entitled	 to	 a	 fee,	 which	 is	 calculated	 daily	 and	 paid
monthly,	at	an	annual	rate	of	1.50%	of	the	average	net	assets	of	the	Fund.	Pursuant	to	a	separate
operating	expenses	limitation	agreement	between	us	and	the	Fund,	we	have	contractually	agreed
to	waive	or	reduce	our	management	fees	and/or	reimbursement	of	expenses	of	the	Fund	beginning
May	 2,	 2021	 until	 at	 least	 October 31, 2023.	 to	 ensure	 that	 total	 annual	 fund	 operating	 expenses
(excluding	Excluded	Expenses)	will	not	exceed	2.25%	of	the	Fund’s	average	annual	net	assets.	We
are	permitted	to	be	reimbursed	in	any	subsequent	month	in	the	three	year	period	from	the	date	of
the	fee	waiver	and/or	expense	reimbursement	if	the	aggregate	amount	actually	paid	by	the	Fund
toward	operating	expenses	for	such	month	(taking	into	account	the	reimbursement)	will	not	cause
the	Fund	to	exceed	the	lesser	of:	(a)	the	expense	limitation	in	effect	at	the	time	of	the	fee	waiver
and/or	 expense	 reimbursement;	 or	 (b)	 the	 expense	 limitation	 in	 effect	 at	 the	 time	 of	 the
reimbursement.	The	Fund’s	operating	expenses	limitation	agreements	may	be	terminated	only	by,
or	with	the	consent	of,	the	Board	of	the	Fund.
Asset	Management	Services	to	American	Home	Opportunity	Mortgage	Fund,	LP
For	advisory	services	to	the	AHOMe	Fund,	we	are	entitled	to	receive	a	management	fee	paid	monthly
in	 advance.	 This	 fee	 is	 equal	 to	 1/12th	 of	 1.25%	 (1.25%	 per	 annum)	 of	 each	 investor’s	 capital
account	balance	as	of	the	beginning	of	each	month.

Item	7	–	Types	of	Clients
We	provide	our	services	to	one	registered	investment	company	and	one	private	fund.