Industrial Development Funding LLC

Item 5 — Fees and Compensation

All fees and expenses are separately negotiated with each Client, as stated in each advisory and
management agreement, as well as the applicable Governing Documents. Typically, these include
management and performance fees. Since all Clients are QIBs, as well as “qualified purchasers,”
as defined in section 2(a)(51)(A) of the Investment Company Act of 1940, IDF limits disclosure
of such fees in this Brochure.

IDF also charges fees for special projects and/or other ad hoc agreements. Any such fees are
described in a retainer agreement or similar document. Therefore, IDF may receive
compensation for services provided to business entities that are not Clients. Compensation for
such services is provided in accordance with the respective retainer agreement with the business
entity.

Clients are not required to pay certain IDF fees in advance.

Item 7 — Types of Clients

IDF furnishes non-discretionary investment advisory, consulting and other services, directly and
indirectly, to SMAs who are Qualified Institutional Buyers (“QIBs”) including institutional
investors, insurance and financial institutions, and state pension funds. (as previously noted,
collectively referred to as “Clients”). See also, Item 4, Part B, concerning QIBs.

Minimum investment amounts generally are negotiated on a case-by-case basis with a Client.
The minimum investment for a Client generally will be determined by IDF and will generally be
set out in the investment management or other agreements, as well as the Governing Documents.
Such minimum investment amounts may be waived by IDF, as applicable, if permissible under
relevant law.