Cedar Springs Advisors LLC

Item 5: Fees and Compensation

Compensation and Fees

Generally, the Adviser receives from the Funds a management fee payable quarterly in advance by
limited partners in the Funds. The management fee will cover all ordinary administrative and overhead
expenses of the Adviser, including salaries, rent and office equipment. In addition, certain
management fees are subject to management fee offsets. The precise amount of, and the manner and
calculation of, the management fees for each Fund is governed and disclosed in the Governing
Documents. Below is a summary of the management fee structures for each Fund.

Cedar Springs ONSET SPV, LP

Investors in Cedar Springs ONSET SPV, LP will bear a management fee equal to 1% of net invested
capital per annum for four years from the start of the Fund.

Cedar Springs Special Opportunities III, LP

Investors in Cedar Springs Special Opportunities III, LP will bear a management fee equal to 2% of
committed capital per annum from the start of the Fund through its third anniversary and then 2% per
annum of unreturned capital commitments thereafter.

Cedar Springs Special Opportunities IV, LP

Investors in Cedar Springs Special Opportunities IV, LP will bear a management fee equal to 1% per
annum of the lesser of (i) the aggregate capital commitments used by the fund for the acquisition of
the investment (excluding any portion of capital contributions received by the Fund for partnership
costs or organizational and operational costs) of all limited partners of the fund and (ii) the fair market
value of the investment.

CCM Capital Opportunities Fund, LP

Investors in CCM Capital Opportunities Fund, LP will bear a management fee equal to 2% of the
aggregate capital contributions allocated to the remaining assets within the Fund, less the cost basis
or write-down amount of each investment, per annum. In addition, the management fees are subject
to certain offsets including a 50% offset of all investment fees, a 100% offset of all excess
organizational expenses, and 100% of the aggregate capital contributions deemed made by the general
partner of the fund.

CSC CL Special Situations Fund, LP

Investors in CSC CL Special Situations Fund, LP will bear a management fee in an amount equal to
1% per annum of the aggregate capital contributions from the close of the fund through its third
anniversary. After the third anniversary, the management fee will be an amount equity to 1% per
annum of the aggregate unreturned capital contributions.

Cedar Springs Special Opportunities V, LP

Investors in Cedar Springs Special Opportunities V, LP are not subject to a management fee. Cedar
Springs Special Opportunities V, LP collects a monitoring fee from the Portfolio Investment, as
described in this Fund’s Governing Documents. See “Other Fees” below.

Other Funds

During the year, the Adviser may launch new Funds. The management fee calculations for these
Funds will be outlined within the Governing Documents for each Fund and may differ from the
management fees that are described above.

Other Fees

The Adviser collects transaction and/or monitoring fees (“Additional Fees”) from certain Funds or
Portfolio Investments. Such Additional Fees may offset the management fee in accordance with a
Fund’s Governing Documents. Please review the Governing Documents for more details regarding
the Additional Fees applicable to a specific Fund.

Expenses

The Funds are subject to expenses associated with operating the partnership. Expenses described
below are general in nature and not intended to be exhaustive. For more information, please refer to
each Fund's Governing Documents for a list of expenses that are paid by a particular Fund. Generally,
each Fund will bear all partnership expenses including costs and expenses incurred in respect of: (i)
organizational expenses; (ii) the identification, evaluation, acquisition, holding, sale or disposition of
all or any portion of any investment, any in-kind distribution made to a Fund or any temporary
investment (including due diligence expenses, brokerage commissions, custodial expenses, appraisal
fees, cash management expenses or other investment costs); (iii) management fees; (iv) legal,
accounting and consulting expenses (including accounting and audit compliance, preparation of the
Partnership's financial statements, tax returns and Schedule K-1s); (v) reasonable travel and related
items; (vi) meetings and communications with the limited partners; (vii) actions or meetings of a
Fund’s advisory board and all reasonable costs and disbursements of separate legal counsel retained
by the advisory board; (viii) insurance; (ix) filings and registrations; (x) taxes, fees and other
governmental charges, expenses incurred in connection with any tax compliance, tax audit,
investigation, settlement or review of a Fund and expenses incurred by the general partner; (xi) the
dissolution, liquidation and termination of a Fund and its general partner; and (xii) any litigation,
indemnifiable claim or other extraordinary item incurred in respect of a Fund (including the amount
of any judgments or settlements paid in connection therewith); provided, however, that all office rent,
salaries for officers, employees and other personnel, and regulatory compliance costs of the general
partner or the Adviser, other overhead expenses of the general partner, the Adviser and their respective
affiliates shall be borne by the general partner, the Adviser and their respective affiliates, as the case
may be, and shall not constitute Fund costs or expenses.

Item 7: Types of Clients

The Adviser currently provides investment advisory services to the Funds. Investment advice is
provided directly to the Funds (subject to the direction and control of the general partner of each such

Fund, if applicable) and not individually to investors in such Fund.

Interests in the Funds are offered pursuant to applicable exemptions from registration under the
Securities Act of 1933 and the Investment Company Act of 1940 (the “1940 Act”). Investors in the
Funds are generally “qualified purchasers” as defined in the 1940 Act, and may include, among others,
high net worth individuals, banks, thrift institutions, pension and profit-sharing plans, trusts, estates,
charitable organizations, university endowments, corporations, limited partnerships and limited
liability companies or other entities.

The Adviser does not have a minimum size for a Fund, but minimum investment commitments may
be established for investors in the Funds. The general partner of each Fund may in its sole discretion
permit investments below the minimum amounts set forth in the Governing Documents of such Fund.