Blue Owl Digital Infrastructure Trust Advisors LLC

Item 5 – Fees and Compensation

Management Fees

•   Blue Owl Private Funds

    The Blue Owl Private Funds generally compensate Blue Owl Digital Infrastructure or its
    affiliates for their investment management services through an annual management fee with
    respect to each Investor, payable on monthly or quarterly basis at the beginning or end of the
    service period. Management fees charged with respect to each Investor can be negotiable
    and typically are equal to a specified percentage per annum, as described in the relevant
    Offering Materials.

    Subject to the relevant Offering Materials, management fees may be offset by the Investors’
    share of any directors’ fees, monitoring fees, commitment fees, transaction fees, closing fees
    and break-up fees received by Blue Owl Digital Infrastructure or affiliates with respect to any
    investment made by the Blue Owl Private Fund. However, Blue Owl Digital Infrastructure or
    their affiliates are expected to provide a broad range of financial services to Blue Owl Private
    Funds, as well as intermediate structuring vehicles (including wholly owned subsidiaries),
    Portfolio Investments or prospective Portfolio Investments, or third parties (including co-
    investors, tenants, borrowers, or others), for which they will receive fees that are not subject
    to any offset of management fees (“Capital Markets Fees”). For example, Blue Owl Advisers
    have received in the past, and expect to continue to receive, arranger fees related to services
    provided as lead arranger. Certain affiliates are also expected to receive fees for providing
    capital markets services, insurance brokerage services, acting as special servicer, and
    providing certain title services (together with Capital Markets Fees, “Affiliated Service
    Provider Fees”). In each case, these Affiliated Service Provider Fees will not offset
    management fees, even though they may be borne, directly or indirectly, by the Blue Owl
    Private Funds. Refer to Item 10—Code of Ethics, Participation or Interest in Client
    Transactions and Personal Trading and Item 14—Client Referrals and Other Compensation
    for additional information about these fees and services.

    Where a management fee is subject to offset pursuant to the relevant Blue Owl Private Fund’s
    Offering Materials, Blue Owl Digital Infrastructure will typically be paid fees from or with
    respect to co-investors and other owners of an investment. As a result, a Blue Owl Private
    Fund will not benefit from (and Blue Owl Digital Infrastructure are expected to retain) the
    portion of any fee related to, among other items: (i) relevant general partner, affiliated
    partner or similar fee-free Investor commitments or (ii) co-investors or potential co-investors
    (which could include co-investment vehicles managed by Blue Owl Digital Infrastructure).
    Blue Owl Digital Infrastructure’s ability to retain such amounts provides it with an incentive
    to increase the portion of each relevant investment held by such persons. Fee offsets are
    generally performed on a net basis, after giving effect to certain taxes and other expenses in
    connection with the receipt of such fees or the provision of related services.

    The Investors in the Blue Owl Private Funds directly or indirectly pay the amount of the

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    applicable fees through capital calls on such Blue Owl Private Funds or through deductions in
    the amounts distributed to such Investors for the amount of the applicable management fee
    and pays the amounts received to Blue Owl Digital Infrastructure. Investors in a Blue Owl
    Private Fund should review such Blue Owl Private Fund’s Offering Materials for complete
    details regarding payment of fees and expenses. Should a Blue Owl Private Fund liquidate
    during a quarterly period, any prepaid, unearned management fees will be refunded.

    Blue Owl Digital Infrastructure, in its discretion, is permitted to waive, alter or rebate the
    management fee applicable to all or any Investors.

•   Blue Owl Digital Infrastructure SMA Clients

    Blue Owl Digital Infrastructure SMA Client fee schedules can be negotiated and as such will
    vary based upon a wide variety of factors including the type of client mandate, services
    provided, investment amount and other factors as may be agreed with the particular Blue
    Owl Digital Infrastructure SMA Client.

    Depending on the structure of the Blue Owl Digital Infrastructure SMA Client’s account,
    management fees can be deducted directly from the account or invoiced to the client and
    may be charged in advance or arrears, as agreed to with the Blue Owl Digital Infrastructure
    SMA Client. Blue Owl Digital Infrastructure SMA Clients initiated or terminated during a
    calendar quarter will be charged a prorated fee for the period (if fees are paid in arrears) or
    have any prepaid, unearned fees refunded (if fees are paid in advance).

    Blue Owl Digital Infrastructure or its affiliates, are also expected to provide services to Blue
    Owl Digital Infrastructure SMA Clients and receive Affiliated Service Provider Fees that will not
    offset management fees.

Performance Fees
Refer to Item 6 – Performance-Based Fees and Side-By-Side Management for discussion of
performance-based compensation.

Additional Expenses

The fees described above cover only Blue Owl Digital Infrastructure’s investment management
services. Blue Owl Private Funds and their Investors and the Blue Owl Digital Infrastructure SMA
Clients also bear, directly and indirectly, certain additional expenses, in each case as described in
the relevant Offering Materials.

•   Blue Owl Private Funds

  Each Blue Owl Private Fund will pay all expenses related to its operations other than those
  specifically allowed to be reimbursed by an underlying Portfolio Investment, including, but
...

Item 7 – Types of Clients

Blue Owl Digital Infrastructure provides investment advisory services to the Blue Owl Private
Funds and the Blue Owl Digital Infrastructure SMA Clients.

In addition to the foregoing, the Blue Owl Private Funds can also include one or more “friends
and family” vehicles that have been formed, and may be formed in the future, to facilitate the
ability of a limited number of investors to obtain exposure to one or more Blue Owl Private Funds.
Such vehicles generally are not expected to directly bear management fees, carried interest or
performance-based compensation but in some instances indirectly bear their portion of the fees
and expenses incurred by the underlying Blue Owl Private Funds and other vehicles in which they
invest.

Blue Owl Digital Infrastructure SMA Clients currently include institutional investors such as pension
plans. Investors in the Blue Owl Private Funds include, among others:

   •   pension plans (including public and corporate pension plans);
   •   non-profit organizations (including endowments and foundations);
   •   other investment advisers;
   •   institutions;
   •   corporations, limited liability companies and / or other business entities;
   •   trusts or estates;
   •   pooled investment vehicles;
   •   employees (both current and former);
   •   high net worth individuals (including family offices);
   •   insurance companies; and
   •   sovereign wealth funds.

Blue Owl Digital Infrastructure does not provide investment advisory services to natural person
Investors.

Investors are subject to applicable suitability requirements and generally must be “accredited
investors” (as defined in Regulation D under the U.S. Securities Act of 1933, as amended) and,
where applicable, “qualified purchasers” or “knowledgeable employees” (each as defined under
the Investment Company Act of 1940, as amended (the “1940 Act”)), as specified in the related
Offering Materials.

In addition, Investors must meet certain stated minimum commitments as set out in the Offering
Materials for the relevant Blue Owl Private Fund. These minimum commitments, which can vary
by Blue Owl Private Fund, can be individually waived, increased or decreased at Blue Owl Digital
Infrastructure’s discretion.

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Blue Owl Digital Infrastructure can enter into side letters or other arrangements with certain Blue
Owl Private Fund Investors, which can modify or add to any of the terms in the relevant Blue Owl
Private Fund’s Offering Materials, including fee reductions, waivers or sharing arrangements or
other modifications.

As a general rule, a minimum account size of $100 million is required for a Blue Owl Digital
Infrastructure SMA Client. In certain circumstances, however, a smaller account size may be
agreed upon and will be reflected in the terms of the applicable Offering Materials.

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