Wasatch Investment Fund Manager LLC

Item 5: Fees and Compensation

The fees applicable to a Fund are set forth in detail in the Offering Documents. A general
summary of the fees and other compensation charged by the Adviser is provided below. The
Adviser, in its sole discretion, may waive, reduce or calculate differently certain fees and
compensation described below as provided in the Offering Documents.

Management Fee

A Fund will pay the Adviser a management fee of 1% per annum of the value of each Fund
Investor’s capital account, paid monthly in arrears or at such other frequency as provided in the
Offering Documents, or a one-time fee of 2% of the aggregate capital commitments made to
the Fund (the “Management Fee”) as further described in the Offering Documents. The
Management Fee will be paid monthly in arrears or at such other frequency as provided in the
Offering Documents.

Origination Fee

In addition to the Management Fee, the Adviser may cause an entity in which a Fund or any
Parallel Fund makes an investment to pay to the Adviser a transaction and/or origination fee of
up to 2% of the amount of the applicable investment (an “Origination Fee”) as further described
in the Offering Documents.

Fees Relating to Loan or Equity Investment or Investment Extensions

In addition to the Management Fee and the Origination Fee, the Adviser shall also be entitled
to receive all fees relating to loan or equity investment or investment extensions. Furthermore,
in the event an investment consists of a loan in which the borrower offers warrants, common

stock, limited liability company interests or other equity instruments, the Adviser shall be
entitled to receive such equity instruments as further described in the Offering Documents.
Fund Investors will not be entitled to share in any of these fees or equity instruments.

Expenses

Expenses attributable to and borne by a Fund are described in the respective Fund’s Offering
Documents. In addition to the fees and compensation paid to the Adviser or its related persons
described above, a Fund will bear all expenses of the Fund and its organization and operation
and any expenses of any subsidiaries or Parallel Funds (“Fund Expenses”), including, (i) the
Management Fee, (ii) Origination Fees (unless they are paid in full by the entity into which the
Fund invests), (iii) expenses related to the research, due diligence, making, monitoring,
managing and divesting of actual and prospective investments (including any costs incurred in
connection with transactions that are not consummated after the Fund and the counterparty have
preliminarily agreed upon terms, as evidenced by a letter of intent, term sheet or similar
document or the commencement of drafting definitive documents) and the consummation of
investments, including the following: third-party investment sourcing fees; fees and expenses
related to obtaining research and market data; due diligence expenses including consulting and
appraisal fees; travel expenses (including lodging and meal expenses); brokerage fees,
commissions and expenses; expenses relating to reorganizations, restructurings and workouts;
bank service fees; interest expenses and fees related to financings or refinancings; fees and
expenses of third-party professionals, including consultants, investment bankers, attorneys and
accountants; and costs incurred in connection with transactions that are not consummated after
the Fund and the counterparty have preliminarily agreed upon terms, as evidenced by a letter
of intent, term sheet or similar document or the commencement of drafting definitive
documents; (iv) organizational and reorganizational expenses; (v) operational expenses,
including the following: reasonable fees and expenses of independent public accountants and
external legal counsel, fees and expenses relating to information technology hardware, software
or other technology (including costs of software licensing, implementation, data management
and recovery services and custom development) used to research investments, evaluate and
manage risk, facilitate valuations, facilitate accounting functions, facilitate communication with
Fund Investors, including the establishment of a Fund Investor portal; fees and expenses of
third-party risk management products, models and services; third-party administrative fees and
expenses; fees charged by the Adviser or its affiliates to provide administration services to the
Fund, and expenses incurred directly by the Fund or the Adviser or its affiliates in connection
with the provision of administration services, including out-of-pocket expenses (including
travel, lodging and meal expenses); loan administration costs; fees and expenses of third-party
professionals, including consultants, valuation service providers, attorneys and accountants; the
costs of any litigation or investigation involving activities of the Fund; third-party audit
(including independent public accountants) and tax preparation expenses; insurance expenses,
including premiums for cybersecurity insurance and liability insurance covering the Adviser
and the Fund Investors, partners, officers, employees and agents of any of them; costs of
preparing and distributing reports and notices; taxes; expenses incurred in connection with
negotiating and complying with provisions of any side letter agreement; fees and expenses
related to compliance with the rules of any self-regulatory organization or applicable law in
connection with the activities of the Fund, including any governmental, regulatory, licensing,
filing or registration fees or taxes; expenses incurred in connection with the offering and sale

of the Units and other similar expenses related to the Fund (excluding fees payable to any
placement agent); extraordinary expenses, including the following: indemnification expenses;
fees and expenses incurred in connection with any tax audit by any taxing authority, including
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Item 7: Types of Clients

The Adviser provides advisory services to one or more Funds. Any minimum investment
amounts for the Funds are disclosed in the Offering Documents.