Altisource Asset Management Corporation

ITEM 5: FEES AND COMPENSATION
Clients also known as Limited Partners in the Fund, pay the Adviser a quarterly management fee
(the “Management Fee”). With respect to each Limited Partner, the Adviser will be entitled to
receive an annual management fee, beginning on the Initial Closing and continuing until the
termination of the Fund, equal to 1.50% of Net Invested Capital of such Limited Partner
excluding affiliates of the Adviser.

“Net Invested Capital” means, with respect to each Limited Partner, the aggregate capital
contributions made by a Limited Partner used to fund the cost of Portfolio Investments
(including expenses allocated to such Portfolio Investments), less the sum of (i) any capital
contributions returned to such Limited Partner due to a realization (or deemed realization) of any
Portfolio Investments and (ii) the amount of any write-down or write-off (in whole or in part)
with respect to Portfolio Investments, in each case through the end of the relevant quarter.

Altisource Asset Management Corporation                                      March 31, 2021
Form ADV Part 2A

The Management Fee will be a Partnership expense and will be paid quarterly in advance and
pro-rated for periods of less than a full calendar quarter.

For avoidance of doubt, the Adviser may in its sole discretion determine to waive, delay, reduce,
rebate or calculate differently the Management Fee charged to any Limited Partner, including
any respective affiliates.
Investors of the Fund need to refer and rely entirely on the PPM for complete detail
regarding fees and compensation collected by the Adviser.

ITEM 7: TYPES OF CLIENTS

The Adviser provides investment advisory services to AAMC Real Estate Strategies
Fund, its only client and does not generally offer services to the public.

Regarding the Fund offered, the Adviser may waive or reduce the minimum investment in its
sole discretion on a negotiated basis with selected clients. In particular, the minimum account
size may be waived at the Advisers discretion for certain Fund clients who are knowledgeable
employees of the Adviser, family members of such employees, and affiliates.