Parallel49 Equity ULC

ITEM 5 – FEES AND COMPENSATION
Fee and compensation arrangements are set forth in each Fund’s Offering Documents. The manner
of calculating fees for each Fund are set forth in the applicable Offering Documents provided to
investors prior to investment in such Fund. Fund IV currently does not pay an annual general

partner distribution or other management fee.
The Adviser is entitled to receive performance-based fees in the form of carried interest
distributions (the “Carry”) which is paid to the Adviser from the Funds. The Carry equates to 20%
of the Funds’ aggregate realized profits in excess of an 8% annually compounded preferred return
as more fully described in the Offering Documents. The Carry is generally payable after investors
receive return of their invested capital with respect to realized investments, Fund expenses and
general partner distributions or management fees, and is subject to potential giveback at the end of
life of the respective Fund if the Adviser has received excess cumulative distributions in excess of
20% of the Fund’s aggregate realized profits. The Principals and certain other employees of
Adviser are entitled to receive the Carry through their investment in Adviser.
Costs and Expenses
As documented in the Offering Documents, the Funds reimbursed the Adviser for a set portion of
the Funds’ organizational and startup expenses, including legal, travel, accounting, filing, capital
raising and other organizational expenses. The Adviser was responsible for the cost of all
organizational expenses in excess of this amount, and of any placement fees payable to any
placement agent in connection with the formation of the Funds.
The Funds bear all other costs and expenses of the Funds that are not reimbursed by portfolio
companies, including legal, auditing, consulting, financing, brokerage, accounting and custodian
fees and expenses; expenses associated with the Funds’ financial statements, tax returns, and
similar expenses, out of pocket expenses incurred in connection with transactions not completed;
expenses of the advisory board; expenses of annual general meetings; insurance expenses; other
expenses associated with the acquisition, holding and disposition of its investments, including
extraordinary expenses (such as litigation, if any); and any taxes, fees or other governmental
charges levied against the Funds.
Parallel49 pays all ordinary administrative and overhead expenses incurred in connection with
advising the Funds, including employees’ salaries, rent and utilities.
In the event Parallel49 requires the use of the services of broker-dealers for Fund transactions, it
has adopted the procedures set forth in Item 12 section below.

ITEM 7 –TYPES OF CLIENTS
The Funds are the only direct clients of the Adviser. Fund investors are primarily Canadian (65%)
and United States (35%) institutional investors including large public and corporate pension funds,
financial institutions, family office vehicles, fund of funds, Canadian government entities, as well
as directly or indirectly, the Principals and other employees of Parallel49.
The minimum commitment to the Funds from third-party investors generally is $2.0 million,
although commitments of a lesser amount may be accepted by the Adviser in its discretion.
Investors in the Funds are “qualified clients” who are eligible to enter into a performance fee
arrangement under the Advisers Act. By executing the Fund’s subscription agreements, Fund
investors certify their aforementioned eligibility, acknowledge their financial sophistication and
ability to bear the risk of loss of their entire investment in the Fund.