Form of Intermediary Placement Agent Agreement

This INTERMEDIARY PLACEMENT AGENT AGREEMENT (“Agreement”) is entered into on and effective as of May [ ], 2014 (the “Effective Date”) by and between AMG Distributors, Inc. (“AMGD”), a Delaware corporation, Pantheon Ventures (US) LP (“Affiliate”), a Delaware limited partnership that is an affiliate of AMGD, and AMG Pantheon Private Equity Fund, LLC, a Delaware limited liability company (the “Fund”).

WHEREAS, the Fund is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as a closed-end management investment company;

WHEREAS, AMGD is a registered broker-dealer with the Securities and Exchange Commission (“SEC”) and Financial Industry Regulatory Authority (“FINRA”);

WHEREAS, the Fund desires to appoint AMGD to serve as the placement agent for the private placement (the “Private Placement”) of securities issued by the Fund, including, without limitation, through financial intermediaries, such as registered investment advisers, broker-dealers and other intermediaries engaged by AMGD (the “Financial Intermediaries”) to facilitate the launch and/or offering of the Fund;

WHEREAS, AMGD desires to accept such appointment, and to serve as placement agent and provide the services described in this Agreement in connection therewith; and

NOW, THEREFORE, in consideration of the mutual promises and intending to be legally bound, the parties hereby agree as follows:

(a) The Fund hereby appoints AMGD as the exclusive placement agent (“Placement Agent”) to introduce Affiliate and the Fund to Financial Intermediaries and other potential investors in connection with the offer and sale of the units of beneficial interest in the Fund (“Units”) issued by the Fund to, as applicable, “accredited investors” within the meaning of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”), (the “Investors”), in a manner consistent with the terms of the confidential private placement memorandum of the Fund (the “Memorandum”). AMGD will provide the services listed in Schedule A to the Fund to facilitate the Private Placement of the Fund under this Agreement.

(b) AMGD hereby accepts its appointment as placement agent of the Fund to certain Financial Intermediaries and to potential Investors as described in Section 1(a). AMGD will act on a “best efforts” basis and is not obligated to sell any Units or to purchase any Units for its own account. AMGD will not have any authority to enter into transactions on behalf of Affiliate or the Fund, to accept Investors on behalf of the Fund, or to require Affiliate or the Fund to enter into any transactions.

(c) At AMGD’s request, the Fund will provide AMGD with information relevant to the Fund and the Private Placement that AMGD reasonably deems necessary or advisable in order to permit AMGD to provide its services hereunder. Affiliate also agrees to make available to Financial Intermediaries and to potential Investors additional material, data or other information relating to the Fund and Affiliate as they may reasonably request, provided that Affiliate possesses the same or is able to obtain it without expending unreasonable effort or incurring unreasonable expense, and provided that such information is not confidential information of Affiliate, the Fund or any third party such as an underlying portfolio fund or manager. In addition, Affiliate will provide AMGD with copies of the Memorandum for AMGD’s review and files. Notwithstanding the foregoing, AMGD will not distribute the Memorandum, and the Memorandum will only be distributed by Affiliate to the Financial Intermediaries and to potential Investors to which AMGD may introduce Affiliate from time to time.

(d) The Fund will promptly forward to AMGD any non-routine communications received from any securities or other regulatory authority in any jurisdiction relating to the Private Placement, and promptly notify AMGD of any claim, action, suit or proceeding to which Affiliate or the Fund is made a party relating to the Private Placement. Similarly, AMGD will promptly forward to the Fund any such communication received by AMGD during such period and AMGD agrees to notify the Fund promptly of any such claim, action, suit or proceeding to which AMGD becomes a party relating to the Private Placement.

(e) AMGD will not conduct the Private Placement by means of any marketing materials or representations (including materials delivered electronically) unless such materials or representations have been previously approved by Affiliate or the Fund. In addition, Affiliate will not distribute any marketing materials that reference AMGD unless such materials have been previously approved by AMGD. In addition, AMGD will conduct the Private Placement in a manner consistent with the Memorandum, the written instructions of Affiliate or the Fund and any applicable legal requirements. AMGD will conduct the Private Placement only with Financial Intermediaries and potential Investors that have a substantive pre-existing relationship with AMGD, Affiliate, the Fund or their respective affiliates.

(f) AMGD’s arrangements with Affiliate and the Fund pursuant to this Agreement shall be disclosed by Affiliate and AMGD to Financial Intermediaries and potential Investors to the extent required to ensure compliance with applicable securities laws.

(g) AMGD shall make and maintain a record of each contact with each Financial Intermediary and each potential Investor in the Fund, which shall include the identity of the Financial Intermediary or potential Investor, the date of contact and the information provided to such Financial Intermediary or potential Investor. AMGD shall provide a written summary of such records to Affiliate and the Fund at such time as shall be agreed by AMGD, Affiliate and the Fund.

(h) AMGD shall not, directly or indirectly, pay or award any finder’s fees, commissions or other compensation to any Financial Intermediary engaged by an Investor for investment advice to induce such advisor to advise or recommend the purchase of Units; provided, however, the normal sales commissions payable to a registered broker-dealer or other properly licensed person for selling Units shall not be prohibited hereby. Except as set forth in this Agreement, AMGD shall not, in its capacity as Placement Agent, accept any direct or indirect compensation of any kind from

any person or entity other than Affiliate or the Fund in connection with the Private Placement without the prior written consent of Affiliate.

(i) AMGD shall be responsible for ensuring that all selling activity with Financial Intermediaries and potential Investors in the Fund is made solely by duly licensed registered representatives of AMGD. AMGD shall be responsible for supervising the activities of such representatives and ensuring their compliance with applicable laws and regulations. Affiliate will ensure that any selling activity by its personnel under this Agreement is conducted only by Affiliate personnel who are duly licensed registered representatives of AMGD.

(j) Each party will promptly provide the other party any and all information reasonably requested by such party in connection with the performance of this Agreement, to confirm compliance with such party’s policies and procedures as in effect from time to time, and as may be required by any applicable regulatory requirements, including without limitation with respect to any examinations, investigations or other inquiries by any regulatory or quasi-regulatory body.

(i) For the services provided by AMGD as set forth on Schedule A, Affiliate agrees to pay to AMGD the fees, as set forth on Schedule A from time to time. In addition, as set forth on Schedule A, Affiliate agrees to reimburse AMGD for the actual cost of any extraordinary expenses incurred by AMGD from time to time in connection with its performance of its duties under this Agreement.

(ii) The Fund agrees to pay to AMGD a placement fee (the “Placement Fee”) pursuant to Rule 12b-1 under the 1940 Act, to be paid monthly at the annual rate of 0.25% of the net assets attributable to its class of units of beneficial interest designated as “Advisory Class Units” as of the end of each month determined before giving effect to the payment of the investment advisory fee or the Placement Fee.

AMGD represents and warrants to Affiliate and to the Fund and undertakes as follows:

(a) AMGD has complied, and will comply, with all applicable laws, rules and regulations of any jurisdiction in which AMGD undertakes any activities related to the Private Placement. Without limiting the generality of the foregoing:

(i) AMGD will promptly obtain and maintain all necessary consents, permits, licenses and other authorizations (together, “Authorizations”) required to conduct AMGD’s business in any jurisdiction or in order to perform its services hereunder. AMGD will provide to Affiliate and to the Fund, upon their request, a copy of any such Authorization.

(ii) AMGD is registered as a broker-dealer with the SEC, and under the “blue sky” law of each state with which it is required to be so registered and is a member in good standing of FINRA, and shall operate only through its duly licensed registered representatives. AMGD further represents and warrants that it is registered or qualified in all capacities and jurisdictions required by reason of this Agreement. AMGD shall remain so registered during the term of this Agreement.

(iii) AMGD shall comply fully with the terms and conditions set forth in the Memorandum for the Fund and with all applicable statutes, rules and regulations in each jurisdiction in which the Financial Intermediaries are located, and with all applicable laws and regulations, including, without limitation, all applicable securities, commodities, anti-money laundering and tax laws. AMGD has obtained all required governmental and regulatory licenses, registrations and approvals as may be necessary for it to act as described hereunder and in the Memorandum for the Fund.

(b) AMGD will use only the then current version of any written or electronic material relating to the Fund, unless approved in advance by Affiliate.

(c) AMGD acknowledges that it understands that the Fund may rely on Section 506 of Regulation D under the Securities Act and that Affiliate’s entering into this Agreement is conditioned on the following representations and warranties. In furtherance of the foregoing, AMGD represents and warrants that none of AMGD or any general partner or managing member of AMGD, or any director, executive officer or other officer of AMGD participating in the Private Placement or any such general partner or managing member of AMGD, or any employee or agent of AMGD that shall receive remuneration (directly or indirectly) for the provision of services under this Agreement:

(i) has been convicted, within the prior ten years, of any felony or misdemeanor: (A) in connection with the purchase or sale of any security; (B) involving the making of any false filing with the SEC; or (C) arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities;

(ii) is subject to any order, judgment or decree of any court of competent jurisdiction, entered within the prior five years, that, restrains or enjoins such person from engaging or continuing to engage in any conduct or practice: (A) in connection with the purchase or sale of any security; (B) involving the making of any false filing with the SEC; (C) arising out of the

conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities;

(iii) is subject to a final order of a U.S. state securities commission (or an agency or officer of a U.S. state performing like functions); a U.S. state authority that supervises or examines banks, savings associations, or credit unions; a U.S. state insurance commission (or an agency or officer of a state performing like functions); an appropriate U.S. federal banking agency; the U.S. Commodity Futures Trading Commission (the “CFTC”); or the U.S. National Credit Union Administration that: (A) bars the person from: (1) association with an entity regulated by such commission, authority, agency, or officer; (2) engaging in the business of securities, insurance or banking; or (3) engaging in savings association or credit union activities; or (B) constitutes a final order based on a violation of any law or regulation that prohibits fraudulent, manipulative, or deceptive conduct entered within the last ten years;

(iv) is subject to an order of the SEC entered pursuant to section 15(b) or 15B(c) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or Section 203(e) or (f) of the Investment Advisers Act of 1940, as amended (the “Advisers Act”), that, (A) suspends or revokes such person’s registration as a broker, dealer, municipal securities dealer or investment adviser; (B) places limitations on the activities, functions or operations of such person; or (C) bars such person from being associated with any entity or from participating in the offering of any penny stock;

(v) is subject to any order of the SEC entered within the last five years that orders the person to cease and desist from committing or causing a violation or future violation of: (A) any scienter-based anti-fraud provision of the federal securities laws, including without limitation section 17(a)(1) of the Securities Act, section 10(b) of the Exchange Act, and 17 CFR 240.10b-5, section 15(c)(1) of the Exchange Act and section 206(1) of the Advisers Act, or any other rule or regulation thereunder; or (B) Section 5 of the Securities Act;

(vi) is suspended or expelled from membership in, or suspended or barred from association with a member of, a registered national securities exchange or a registered national or affiliated securities association for any act or omission to act constituting conduct inconsistent with just and equitable principles of trade;

(vii) has filed (as a registrant or issuer), or was or was named as an underwriter in, any registration statement or Regulation A offering statement filed with the SEC that, within the last five years, was the subject of a refusal order, stop order, or order suspending the Regulation A exemption, or is, the subject of an investigation or proceeding to determine whether a stop order or suspension order should be issued; or

(viii) is subject to a United States Postal Service false representation order entered within the last five years, or is, subject to a temporary restraining order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device for obtaining money or property through the mail by means of false representations.

The representations and warranties in clauses (i)-(viii) above shall be true and correct at all times during the term of this Agreement and, notwithstanding any other provisions of this Agreement, if such representations and warranties are no longer true and correct this Agreement shall terminate immediately unless such termination is waived by Affiliate in writing. AMGD shall notify Affiliate

in writing promptly upon the occurrence of any pending investigation, proceeding, or other action that could give rise to an occurrence described in the prior clauses (i)-(viii). Notwithstanding anything herein to the contrary, Affiliate and the Fund will not be required to pay to AMGD any fee if the payment of such fee would preclude the Fund from relying on Section 506 of Regulation D under the Securities Act.

(a) Affiliate and the Fund agree and acknowledge that AMGD is entitled to rely, without investigation, appraisal or verification, on the contents of the Memorandum, the Fund’s registration statement on Form N-2 (the “Registration Statement”) and any additional materials that Affiliate makes available to AMGD pursuant to this Agreement (such materials, “Additional Material”) in connection with the Private Placement and that AMGD will not in any respect be responsible for the accuracy or completeness of any such materials.

(b) The Fund has complied, and will comply, with all laws, rules and regulations (to the extent applicable to the Fund) of any jurisdiction in which the Fund is organized or operate or, to the extent relevant to such activity, in which the Units are marketed. In particular, the Fund will promptly obtain and maintain all necessary Authorizations required with respect to the Fund in this regard (other than any Authorizations AMGD is required to obtain in order to conduct its business generally in any jurisdiction or in order to perform its services hereunder).

(c) The Fund will take all action which is required to assure that the offering and sale of interests in the Fund will comply with relevant exemptions under the Securities Act and applicable state blue sky laws.

(d) The Fund has been duly formed and is validly existing in good standing with all requisite power and authority, all necessary authorizations, approvals, orders, licenses, certificates and permits of and from all governmental regulatory officials and bodies, and all necessary rights, licenses and permits from other parties to conduct its business as described in the Memorandum.

(e) The Fund has all requisite power and authority to duly and validly issue its Units to the Investors.

(f) The Fund intends to use the proceeds of any purchase of its Units by an Investor in the manner provided in the Memorandum.

(g) The Fund will maintain its registration with the SEC as a closed-end management investment company for so long as this Agreement is in effect.

(h) The Registration Statement will contain all statements required to be stated therein in accordance with the 1940 Act and the rules and regulations thereunder; all statements of fact contained or to be contained in the Registration Statement, the Memorandum and the Additional Material are or will be true and correct in all material respects at the time indicated, as the case may be; and the Registration Statement, Memorandum and Additional Material when they shall be authorized for use, will not include an untrue statement of material fact or omit to state a material

fact required to be stated therein or necessary to make the statements therein not misleading to a purchaser of Units.

(i) The Fund will from time to time file with the SEC such amendment or amendments to the Registration Statement and shall amend the Memorandum as, in the light of then-current and then-prospective developments, shall, in the opinion of its counsel, be necessary in order to have the Registration Statement and such Memorandum at all times contain all material facts required to be stated therein or necessary to make any statements therein not misleading to a purchaser of Units.

(j) The Fund shall not file any amendment to the Registration Statement or amend the Memorandum without giving AMGD reasonable advance notice thereof; provided, however, that nothing contained in this Agreement shall in any way limit to the Fund’s right to file at any time such amendments to the Registration Statement or amend the Memorandum, of whatever character, as the Fund may deem advisable, such right being in all respects absolute and unconditional.

(k) Any amendment to the Registration Statement hereafter filed will, when it is filed, contain all statements required to be stated therein in accordance with the 1940 Act and the rules and regulations thereunder; all statements of fact contained in the Registration Statement or Memorandum will be true and correct in all material respects at the time indicated; and no such amendment, when it is filed, will include an untrue statement of a material fact or will omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading to a purchaser of Units.

(l) The Fund shall advise AMGD promptly: (i) of any request by the SEC or any state securities examiner for amendments to the Fund’s Registration Statement or Memorandum or for additional information; (ii) in the event of the issuance by any state securities examiner of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings for that purpose; (ii) the happening of any material event that makes untrue any statement made in the Fund’s then current Registration Statement or Memorandum or which requires the making of a change in either thereof in order to make the statements therein not misleading; and (iv) of all action of the SEC with respect to any amendments to the Fund’s Registration Statement that may from time to time be filed with the SEC under the 1940 Act.

(a) Affiliate will deliver or cause to be delivered to each Financial Intermediary and potential Investor, prior to the time of any purchase of Units, and following AMGD’s introduction of such Financial Intermediary or such potential Investor to Affiliate, a copy of the Memorandum. Neither party shall make any representations (whether written or oral) concerning the Fund, Affiliate or its affiliates, other than those representations contained in the Memorandum or in any promotional materials or sales literature furnished to AMGD by Affiliate or prepared by AMGD and approved by Affiliate for use by AMGD.

(b) For all sales of Fund Units in connection with this Agreement, Affiliate and the Fund will conduct all such sales in accordance with all applicable laws and Affiliate’s, the Fund’s and AMGD’s policies and procedures with respect to the sale of Fund Units, as in effect from time to time, including without limitation Affiliate’s, the Fund’s and AMGD’s policies with respect to

anti-money laundering/know your customer rules, suitability determinations, and the qualification of Fund investors.

(c) The parties agree that the Fund’s transfer agent shall be responsible for anti-money laundering/know your customer rule compliance, suitability determinations, and the qualification of Fund investors, in each case with respect to the sale of Units in connection with this Agreement. Notwithstanding the foregoing, the parties will cooperate with the transfer agent, and with AMG Funds, LLC (the administrator to the Fund) in facilitating the discharge of these obligations.

(d) Each party represents that it has put into place proper procedures that conform to all applicable laws in connection with its obligations under this Agreement. Each party further represents that it will comply with its policies and procedures and all applicable laws in conducting activities and performing its obligations under this Agreement.

(e) Each party shall maintain accurate and complete records of compliance with Section 4(a)(2) of the Securities Act and Regulation D promulgated thereunder. Such records shall be maintained during the term of this Agreement.

(f) Unless otherwise approved in writing by Affiliate, neither AMGD nor the Affiliate will offer Interests or otherwise take any action that would cause any Private Placement to be offered by any form of general solicitation or general advertising, including (without limitation) any advertisement, article, web site, notice or other communication published in any newspaper, magazine or similar media or broadcast over television or radio, or any seminar or meeting whose attendees have been invited by any general solicitation or advertising.

(h) Each party understands that the Units will not be registered under the Securities Act, or the applicable securities laws of any U.S. state or any non-U.S. jurisdiction, and will be offered and sold in reliance on exemptions from the registration requirements of the Securities Act and other applicable laws. Neither party will take any action that would make such exemptions unavailable.

AMGD ACKNOWLEDGES THAT THE UNITS ARE NOT REGISTERED UNDER THE SECURITIES ACT AND THE OFFERINGS OF THOSE UNITS ARE NOT BEING REGISTERED UNDER THE SECURITIES ACT.

Each of AMGD, Affiliate and the Fund shall have the right, with prior notice to the other party, to require that the solicitation by AMGD of Financial Intermediaries and potential Investors be suspended as promptly as practicable after the receipt of such notice by such other party as a result of a determination by AMGD, Affiliate or the Fund, in its reasonable discretion, that a supplement or amendment to any Memorandum is required in order that such Memorandum do not contain any untrue statement of a material fact or omit to state any material fact required to be

stated therein or necessary to make the statements contained therein, in light of the circumstances under which they were made, not misleading. Notwithstanding the foregoing, Affiliate shall have the right, with prior notice to AMGD, to require that the solicitation by AMGD of Financial Intermediaries and potential Investors be suspended as promptly as practicable, it being understood that if a supplement or amendment to any of the Memorandum is required, Affiliate shall be responsible for preparing such supplement or amendment.

Except as otherwise specifically provided in this Agreement, all notices required or permitted to be given pursuant to this Agreement shall be in writing. Unless otherwise notified in writing, all notices to AMGD and Affiliate shall be given or sent to the addresses set forth below. The address for notices to the Fund shall be promptly furnished to AMGD by Affiliate.

This Agreement may be terminated at any time by the parties hereto upon 90 days written notice, without payment of any penalty. This Agreement may only be amended by a written agreement signed by the parties hereto.

This Agreement shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York, without giving effect to the provisions, policies or principles thereof relating to the choice or conflict of laws, provided that nothing herein shall be construed in a manner inconsistent with the 1940 Act or the Securities Act, or any rules, orders or interpretations of the SEC or its staff thereunder.

(a) Each of AMGD and Affiliate (each, for purposes hereof, an “Indemnitor”) hereby agrees to, and will, indemnify and hold harmless the other, the other’s affiliates (as such term is used in the 1940 Act), and the respective directors, officers, partners, members, agents and employees of the other and its affiliates (each of the foregoing, an “Indemnitee”) from and against any losses, claims, damages, judgments, assessments, costs and other liabilities (collectively, “Liabilities”), and will reimburse each Indemnitee for all fees and expenses (including the reasonable fees and expenses of counsel) incurred in investigating, preparing, pursuing or defending any claim, action, proceeding or investigation (collectively, “Proceeding”), caused by or arising out of or in connection with (i) any material breach of any representation, warranty, covenant or agreement of the Indemnitor (or any facts or circumstances constituting such breach) contained in this Agreement or (ii) the negligence, fraud or willful misconduct of the Indemnitor, in each case, except to the extent such Liabilities or such fees and expenses are caused by or arise out of or in connection with the Indemnitees’ negligence, fraud, willful misconduct or material breach of this Agreement.

(b) An Indemnitee seeking indemnification under this Section 11 will promptly notify the Indemnitor of its receipt of any notice of a Proceeding, provided, that the failure to furnish such notice will not relieve the Indemnitor of any liability under this Section 11 other than to the extent, if any, that the Indemnitor is prejudiced by such failure. The Indemnitor may assume the defense of any Proceeding against the Indemnitee and, if it does so, will employ legal counsel reasonably satisfactory to the Indemnitee. The Indemnitee may also employ separate counsel who may participate in the defense of the Proceeding (but shall not appear as counsel of record) at the Indemnitee’s sole expense; provided, however; that the Indemnitor will bear the expense of such separate counsel (but not more than one such counsel for all Indemnitees) if the Indemnitor fails to assume the defense of the Proceeding or in the event that the Indemnitor’s counsel would have a conflict of interest in representing both parties. Neither party may, without the written consent of the other, settle or compromise any Proceeding, unless the other party is released unconditionally from all Liabilities arising out of such Proceeding.

(c) If any indemnification provided for under this Section 11 is unavailable or insufficient to hold the Indemnitee harmless, the Indemnitor will contribute to the amount paid or payable by the Indemnitee in respect of any Liability for which such indemnification was sought in

such proportion as is appropriate to reflect not only the relative benefits to the Indemnitee on the one hand, and the Indemnitor on the other, in connection with the Private Placement, but also the relative fault of the parties, as well as any equitable considerations.

Each party hereby agrees to keep confidential any confidential information provided by the other party in connection with this Agreement, and not to use or disclose such information without the other party’s prior written consent.

(a) AMGD, Affiliate and the Fund agree that the provisions of this Agreement are intended exclusively for the benefit of AMGD, Affiliate and the Fund. Nothing in this Agreement shall be construed as giving any other person or entity any right, remedy or claim under or in respect of this Agreement or any provision hereof.

(b) This Agreement sets forth the entire agreement between the parties hereto and replaces and supersedes all other understandings, commitments and agreements relating to the subject matter hereof.

(d) No waiver of any provision of this Agreement or the performance thereof shall be effective unless in writing signed by the party making such waiver or shall be deemed to be a waiver of any other provision or the performance thereof or of any future performance.

(e) If any provision of this Agreement is determined to be unenforceable the remaining provisions shall remain enforceable to the extent permissible.

(f) This Agreement may be executed in counterparts, each of which when so executed shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed signature page to this Agreement or any related document by facsimile transmission or by email with an attached copy of the executed agreement shall be effective as delivery of a manually signed counterpart of this Agreement or such related document.

(g) The parties hereto expressly agree that each is acting as an independent contractor hereunder and nothing in this Agreement shall be construed as creating a partnership, joint venture, agency or any fiduciary relationship between AMGD, Affiliate and the Fund. Neither party has assumed an advisory or fiduciary responsibility in favor of the other party, nor any other obligation to the other party except the obligations expressly set forth in this Agreement.

(h) The failure of any party to seek redress for violation, or to insist on strict performance, of any covenant or condition of this Agreement shall not prevent a subsequent act which would have constituted a violation from having the effect of an original violation.

(i) This Agreement is intended solely for the benefit of the parties hereto and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon, or creating any rights in favor of, any person other than the parties hereto.

IN WITNESS WHEREOF, the parties have duly executed and delivered this Agreement as of the date first above written.


AMG DISTRIBUTORS, INC.

By:
Name:
Title:

PANTHEON VENTURES (US) L.P.

By:
Name:
Title:

AMG PANTHEON PRIVATE EQUITY FUND, LLC

By:
Name:
Title:

For the services provided by AMGD under this Agreement, Affiliate will pay AMGD a commission of 0.15% (15 bps) on any sales of the Fund.

Extraordinary expenses incurred by AMGD or its parent company, AMG Funds LLC, with respect to the services provided under this Agreement will also be charged through to Affiliate, at cost and payable as set forth in Section 2(a)(i) of the Agreement, with AMGD providing prompt notice of the incurrence of such expenses to Affiliate, subject to the prior written consent of Affiliate.

In addition, additional fees may be incurred from time to time, subject to mutual agreement of the parties, and as further described below.

Invoices issued by AMGD to Affiliate under this Agreement will be payable within 30 days of receipt.