RIVO Alto Capital Funding LLC

Item 5. Fees and Compensation
The fees and expenses that are applicable to an investment in a Fund are set forth in the Fund Offering
Documents. For those Funds subject to management fees, please note that fees are assessed based
upon the outstanding loan balance, which could include non-performing loans.
The Funds are each responsible for their own fees and expenses, such as audit expense, tax accounting
and preparation, K-1 reporting, legal fees, and other fund operating expenses as disclosed in the
applicable Fund Offering Documents.
The CCO will periodically review the method by which the firm allocates expenses among Funds (or if
applicable, among Investor classes of Funds) to ensure such allocation is consistent with each Fund’s
Offering Documents. During such reviews, the CCO will also confirm whether any expense cap imposed
on a Fund is adhered to. In such reviews, the CCO may utilize expense-related documentation provided
by the Fund’s mortgage servicing agent.
Rivo Alto may receive additional fees in the normal course of business for additional services rendered
for a Fund, such as mortgage origination fees. Any such fees are at market rate or lower and must be
consistent with the Fund’s offering documents. In the case of a third-party loan made, Rivo Alto or an
affiliate may receive an arrangement fee paid by the borrower of any loan made by Rivo Alto or any
related entities.
Ongoing management fees and other operating expenses are deducted from the partner’s / member’s
capital account balance as disclosed in the applicable Fund Offering Documents.
To the extent redemptions are allowed, such redemptions must satisfy the conditions in the Fund
Offering Documents.

Item 7. Types of Clients
As described in Item 4, Rivo Alto’s only clients are the Funds, which are privately placed pooled
investment vehicles.