Silver Creek Advisory Partners LLC

ITEM 5 FEES AND COMPENSATION

A. Silver Creek is paid fees for the portfolio management of the Funds (the "Management Fees"), which
are generally calculated and paid as a percentage of the net asset value of the investors' interest in the Funds.
The Management Fee with respect to Silver Creek Aggregate Reserves Fund I, LLC is calculated and paid
as a percentage of each investor’s pro rata share of the original cost basis of the investments of such Fund.

1 With respect to certain Funds and all the private investment funds managed by Silver Creek Capital, final asset values have yet
to be determined and reported for the quarter ended December 31, 2025 (together, the “Remaining Funds”). The values used in
this Item 4.E which include the Remaining Funds reflect the most recently available asset values (generally as of September 30,
2025 or November 30, 2025 for certain funds) adjusted for any capital activity through December 31, 2025.

Silver Creek Advisory Partners LLC Form ADV: Part 2A                                                 Page 8
SEC File Number 801-72925

The Management Fee with respect to Silver Creek Manufactured Housing Communities, LLC is calculated
and paid as a percentage of each investor’s capital commitment to such Fund during its commitment period
and thereafter as a percentage of each investor’s share of invested capital. The Management Fees range
from 0% to 1.75% and vary by Fund and by class of interest within each Fund. Management Fees are
subject to waiver, refund and/or modification by separate agreement with or at the discretion of Silver
Creek.

In addition, certain Funds may pay Silver Creek performance-based compensation ("Performance Fees")
either in the form of incentive allocations, carried interest or performance fees. The Performance Fees range
from 0% to 20% and vary by Fund and by class of interest within each Fund. Performance Fees are subject
to waiver, refund and/or modification by separate agreement with or at the discretion of Silver Creek. The
Performance Fees are calculated based on a percentage of the net profits of the Funds at the end of each
fiscal year or when Fund distributions are made. In measuring an investor's net profits for the calculation
of such Performance Fees, Silver Creek may include both realized and unrealized gains and losses during
the relevant period, unless the relevant offering documents provide otherwise. For certain Funds and classes
of interests, the Performance Fees are calculated based on a percentage of amounts distributed so long as a
hurdle is earned. The calculation and payment of the Performance Fees applicable to a particular interest in
a Fund is described in detail in the relevant offering documents for such Fund.

As compensation for services provided by Silver Creek to certain Funds, Silver Creek receives from an
Advisor a portion of the management and incentive fees payable by such Funds with respect to such Funds’
investment in certain Sub Funds managed by such Advisor. This arrangement has been disclosed in the
applicable Fund’s offering documents and/or their financial statements and is in lieu of fees that would
otherwise be payable by the Fund to Silver Creek.

Certain of the Funds have entered into arrangements with certain of their investors, including Silver Creek
affiliates, to waive, refund and/or modify the Management Fee and /or Performance Fee otherwise due with
respect to their investment in such Fund.

The Advisers Act and certain state laws restrict the payment of performance-based fees, such as the
Performance Fees, to investment advisers registered under such act. However, SEC Rule 205-3 permits the
payment of performance-based compensation to registered investment advisers provided that the clients
(including investors in investment vehicles such as the Funds) meet certain financial qualifications. The
offerings of interests in the Funds are structured to comply with this rule and accordingly the Funds will
only accept subscriptions from investors who meet the qualifications set forth in Rule 205-3.

Where the Funds invest in Pooled Vehicles, Managed Accounts, or Co-investments that themselves pay
advisory fees and expenses to their respective Advisors (including, without limitation, fees based on a
percentage of assets under management and performance-based compensation), investors in the Funds will
bear a proportionate share of these fees and expenses in addition to those paid to Silver Creek by the Funds.

Silver Creek is paid fees for the investment management of the Advisory Client (the “Advisory Fees”),
which are calculated and paid as a percentage of the fair value of the investments in the Advisory Client
account plus a variable amount that is dependent on the fee being charged by the underlying investment.
The Advisory Fees are generally 0.50% plus such variable amount up to a maximum aggregate fee of
0.65%.

B. For certain Funds, Silver Creek is authorized to deduct fees from the Fund’s assets. In addition, certain
of the Funds authorize Silver Creek to bill Fund investors for Management Fees incurred and two Funds
authorize Silver Creek, at its discretion, to apply the amount of Management Fees to reduce the amount of

Silver Creek Advisory Partners LLC Form ADV: Part 2A                                                   Page 9
SEC File Number 801-72925

contributed capital of the Fund investor. Where applicable, Management Fees are taken on a quarterly basis
and Performance Fees are taken on an annual basis or allocated in accordance with the terms of each Fund.
Silver Creek bills the Advisory Client for its Advisory Fees on a quarterly basis.

C. Each Fund generally pays for its organizational expenses and the expenses of the initial offering of
interests, including, without limitation, legal, accounting and compliance consulting fees and expenses. In
addition, each Fund generally pays for all other ordinary and extraordinary expenses incurred on the Fund’s
...

ITEM 7 TYPES OF CLIENTS

Please refer to Item 4 for a description of the Funds for which Silver Creek provides services. The Funds
are only offered to prospective investors that qualify as accredited investors (as that term is defined for
purposes of Rule 501 of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”))
and qualified purchasers (as that term is defined for purposes of Section 2(A)(51) of the Investment
Company Act or knowledgeable employees (as permitted under Rule 3c-5 of the Investment Company
Act)), for purposes of the application of Section 3(C)(7) of the Investment Company Act.

Investors in the Funds generally include high net worth individuals, trusts, endowments, foundations,
pension plans, retirement plans, corporations, individual retirement accounts, government plans and other
institutional investors. The Advisory Client is a pension plan.

Current and prospective investors in the Funds should refer to the offering documents of the relevant Fund
for information on minimum investment and minimum account size requirements. The current range of
minimum investment requirements for the Funds is from $100,000.00 to $300,000,000.00 which may be
and has been reduced, waived or increased in Silver Creek’s discretion.