Trilinc Advisors LLC

Item 5. Fees and Compensation

Fees

The Client pays TLA an asset management fee equal to 2.00% per annum of the Client’s gross assets, both
calculated and payable quarterly in arrears. The management fee is deducted from the Client account on a
quarterly basis and is paid to TLA. Lower fees for comparable services may be available from other sources.

The management fee is not negotiable.

The Client also pays TLA an incentive fee that is divided into two parts:

    1. An incentive fee on net investment income, which is referred to as the subordinated incentive fee
       on income, is calculated and payable quarterly in arrears and is based upon the Client’s pre-
       incentive fee net investment income for the immediately preceding quarter. No subordinated
       incentive fee is earned by TLA in any calendar quarter in which the Client’s pre-incentive fee net
       investment income does not exceed the preferred return rate of 1.50% (6.0% annualized), or the
       preferred return. All of the Client’s pre-incentive fee net investment income, if any, that exceeds
       the quarterly preferred return, but is less than or equal to 1.875% (7.5% annualized) on the Client’s
       net assets at the end of the immediately preceding fiscal quarter, in any quarter, will be payable to
       TLA. This portion of the fee is referred to as the catch-up and provides an increasing fee but is in
       no event greater than 20%. For any quarter in which the Client’s pre-incentive fee net investment
       income exceeds 1.875% on its net assets at the end of the immediately preceding fiscal quarter, the
       subordinated incentive fee on income shall equal 20% of the amount of the Client’s pre-incentive
       fee net investment income, because the preferred return and catch up will have been achieved.

    2. An incentive fee on capital gains will be earned on investments sold and shall be determined and
       payable in arrears as of the end of each calendar year during which the Advisory Agreement is in
       effect. The fee will equal 20% of the Client’s realized capital gains, less the aggregate amount of
       any previously paid incentive fee on capital gains. The incentive fee on capital gains is equal to the
       Client’s realized capital gains on a cumulative basis from inception, computed net of all realized
       capital losses and unrealized capital depreciation on a cumulative basis.

TLA or our affiliates pays a portion of the asset management as well as a portion of the incentive fees
received from the Client pursuant to the Advisory Agreement to the sub-advisors as compensation for the
asset selection and management provided by the sub-advisors. In addition, TLA or our affiliates, out of
reimbursements received from the Client or otherwise, reimburses the sub-advisors for any acquisition
expenses that are not reimbursed by the borrowers.

Fund Expenses

The Client will generally bear all of its expenses including:

    (i)     Expenses incurred in connection with the selection and acquisition of assets (whether or not
            ultimately consummated);

FORM ADV PART 2A                            TRILINC ADVISORS, LLC                               MARCH 31, 2026

    (ii)     out-of-pocket costs of goods and services used by the Fund and obtained from entities not
             affiliated with TLA, including brokerage fees paid in connection with the purchase and sale of
             assets;
    (iii)    taxes and assessments on income or assets and taxes as an expense of doing business and any
             other taxes otherwise imposed on the Fund and its business or income;
    (iv)     out-of-pocket costs associated with insurance required in connection with the Fund or by its
             officers and managers;
    (v)      all out-of-pocket expenses in connection with meetings of the Fund’s Board of Managers and
             members;
    (vi)     out-of-pocket expenses of maintaining communications with its Unitholders, including the cost
             of preparation, printing, and mailing annual reports and other investor reports, proxy statements
             and other reports required by governmental entities;
    (vii)    audit, accounting and legal fees, and other fees for professional services relating to the
             operations of the Fund and all such fees incurred at the request of, or on behalf of, the
             independent managers of any committee of the Board of Managers;
    (viii)   out-of-pocket costs for the Fund to comply with all applicable laws, regulations and ordinances;
             and
    (ix)     all other out-of-pocket expenses incurred by TLA, consultants or sub-advisors in connection
             with administering the investment portfolio.

TLA is entitled to reimbursement of certain qualifying organizational and offering expenditures incurred in
relation to the formation of the Client and the offering of the Client’s units to investors. Organizational and
offering expense reimbursement consists of costs incurred by TLA and our affiliates on behalf of the Client
including legal, accounting, printing, mailing and filing expenses, charges of the transfer agent, and
administrative services related to the issuance of units of the offering.

Documentation Fees

Although the Fund will not pay any fees to the sub-advisors hired by TLA, the sub-advisors and, when
loans are sourced directly, an agent acting on behalf of TLA, are entitled to charge separate fees for the
documentation of investment transactions to the borrower companies that the Fund invests in. In addition
to the documentation fees, the sub-advisors are entitled to be reimbursed by the borrower companies that
the Client invests in for any out-of-pocket expenses incurred (or to be incurred) by the sub-advisors in
connection with the Client’s investments. The documentation fee and expense reimbursement will reduce
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Item 7. Types of Clients

We currently only provide investment advice to one Client, the Fund, a public, non-traded LLC.