ABR Capital Partners LLC

Item 5 – Fees and Compensation

Part A - Compensation Method; Fee Schedule; Negotiability

Fees – Funds

As compensation for the investment management and advisory services that ABR Capital Partners
provides to its Funds, we receive the following:

   •       management fees calculated as a stipulated percentage of investor capital contributions
           and capital commitments;
   •       with respect to the Minneapolis Hotel Partnership (defined below), an origination fee
           calculated as a stipulated percentage of investor capital contributions and equity
           contributions from FH Minnesota Investors, LLC, a Minnesota limited liability
           company (“FH Investors”), which is a member of MHP PE Investors, LLC along with
           the Minneapolis Hotel Partnership;
   •       with respect to the ABR GP Investment Program (the “GPIP”), for each property
           investment (“Property Investment”), ABR Capital Partners will be entitled to receive
           directly or share in acquisition fees, property management fees, investment
           management fees paid by the LP investors for such Property Investment (the “LP
           Investors”) and/or disposition fees, which fees will be market-based and will vary on a
           deal-by-deal basis; and
   •       performance-based fees as described in Item 6 below.

With respect to ABR Chesapeake Fund V (“Fund V”), affiliates of ABR Capital Partners will
receive a management fee equal to 1.5% per annum of the lesser of (a) the sum of all funded Class
A Limited Partner capital commitments, less (1) net capital returned to Class A Limited Partners
through the distribution of property sales or refinancings proceeds; and (2) the amount of any
realized loss incurred on the complete disposition of any property (the “Partnership Capital Base”),
or (b) the Partnership Capital Base, as adjusted by us to reflect the aggregate value of Fund VI’s
interest in its real estate investments. Notwithstanding the foregoing calculations, we will receive
a minimum fee of 0.2% per annum on funded capital commitments.

With respect to ABR Chesapeake Fund VI (“Fund VI”), affiliates of ABR Capital Partners will
receive a management fee equal to 1.5% per annum of the lesser of (a) the Partnership Capital
Base, or (b) the Partnership Capital Base, as adjusted by us to reflect the aggregate value of Fund
VI’s interest in its real estate investments; plus, while the capital commitments of the Class A
Limited Partners remain subject to being called by the general partner of the Fund, 0.90% per
annum of all unfunded Class A Limited Partner capital commitments. Notwithstanding the
foregoing calculations, we will receive a minimum fee of 0.2% per annum on funded capital
commitments.

With respect to Funds organized to coinvest alongside Fund VI (each a “Co-Investment Fund”),
affiliates of ABR Capital Partners will receive a management fee ranging from 0.75% to 1.0% per
annum of the lesser of (a) the Partnership Capital Base, or (b) the Partnership Capital Base, as
adjusted by us to reflect the aggregate value of the Co-Investment Fund’s interest in its real estate
investments. Notwithstanding the foregoing calculations, under the terms of some of the Co-
Investment Funds, we will receive a minimum fee of 0.2% per annum on funded capital
commitments.

With respect to the ABR Minneapolis Hotel Portfolio Limited Partnership (the “Minneapolis Hotel
Partnership”), affiliates of ABR Capital Partners will receive a management fee equal to 1.0% per
annum of the sum of all funded Class A Limited Partner capital commitments, less (1) net capital
returned to Class A Limited Partners through the distribution of hotel sales or refinancings
proceeds; and (2) the amount of any realized loss incurred on the complete disposition of any hotel.
In addition, affiliates of ABR Capital Partners will receive an origination fee equal to 1.0% of (a)
total Partnership capital, and (b) the FH Investors’ equity (the “Origination Fee”). The Origination
Fee will be paid by the Minneapolis Hotel Partnership to ABR/MB Partners Minneapolis GP LLC.

With respect to the GPIP, affiliates of ABR Capital Partners will receive an annual management
fee equal to 1.0% per annum of the capital contributions from each of the participating investors
(the “Participating Investors”) in a property investment (the “Property Investment Capital Base”).
The Property Investment Capital Base will be reduced by (i) net capital returned to such
Participating Investors through the distribution of property sales or refinancings proceeds and (ii)
the amount of any realized loss incurred on the complete disposition of any property. Further, this
management fee is subject to reduction if the value of such Property Investment (as determined by
ABR Capital Partners or its affiliate in its sole discretion) falls below its Property Investment
Capital Base.

With respect to ABR Chesapeake Fund VII (“Fund VII”), (a) from the initial closing date until the
expiration or termination of the investment period for such commitments, ABR Capital Partners
will receive a management fee equal to 1.5% per annum of the sum of all Limited Partner capital
commitments, and following such investment period (b) ABR Capital Partners will receive a
management fee equal to 1.5% per annum of the sum of all Limited Partner capital contributions
that have not been sold or determined by Fund VII’s general partner in its reasonable discretion to
be permanently and completely written off in full as of the day on which the management fee is
payable.

With the exception of Fund VII, in which ABR Capital Partners is the recipient of the management
fee, the fees described above are payable to certain affiliates of ABR Capital Partners that serve as
general partners to certain of the limited partnerships identified in Item 10, Part C below. With
the exception of Fund VII, pursuant to investment advisory agreements between ABR Capital
...

Types of Clients

ABR Capital Partners’ clients are almost exclusively corporations, general partnerships, limited
partnerships, limited liability companies, certain trusts and other organizations to which we
provide investment advice based on the particular legal organizations’ investment objectives rather
than the individual investment objectives of the underlying investors. These legal organizations
are primarily pooled investment vehicles, including limited partnerships that are structured to
comply with the registration exemptions available under § 3(a)(1), § 3(c)(1), § 3(c)(5) or § 3(c)(7)
of the Investment Company Act of 1940, as amended, and § 4(2) of the Securities Act of 1933, as
amended. The investors in these pooled investment vehicles are primarily high net worth
individuals, publicly sponsored and privately sponsored pension plans, private endowments and
foundations, and similar institutional investors.

Minimum Account Size

Depending on the nature of the underlying investment security, we sometimes impose minimum
investment amounts (typically ranging from $250,000 to $1,000,000) on investors in our Funds.
Subject to the requirements of certain legal restrictions (which may impose independent minimum
investment thresholds over which we have no control), we may waive these minimum investment
amounts, as disclosed in the private placement memoranda and governing documents of the Fund
entities and other applicable entities.

IMPORTANT NOTICE

This Brochure may be provided to a prospective investor in one of our privately-offered Funds,
together with the Fund’s private placement memorandum (“PPM”), organizational documents and
other related documents (collectively, “Governing Documents”), in connection with such
prospective investor’s consideration of an investment in the Fund. While this Brochure may
include information about the Fund, it does not represent a complete discussion of the features,
risks or conflicts associated with the Fund. More complete information about each of our Funds is
included in its PPM and other Governing Documents.

In no event should this Brochure be considered an offer of interests in a Fund or relied upon in
determining to invest in a Fund. It is also not an offer of, or agreement to provide, advisory services
directly to any recipient. Rather, this Brochure is designed only to provide information about us
to comply with regulatory requirements under the Advisers Act, which may cause information in
this Brochure to differ from the information provided in a PPM. If there is any conflict between
the information in this Brochure and similar information in the Fund’s PPM, investors should rely
on the information in the PPM.