CIM Capital IC Management LLC

Item 5: Fees and Compensation

Management Fees

Management fees (“Management Fees”) for Clients are set forth in the Governing Documents.
Management Fees are paid on a periodic basis, generally quarterly in arrears, based on a
Client’s assets or net assets. Management Fees are typically not refundable; however, in
some instances CIM may agree to waive or discount its Management Fees at its discretion.
To the extent that a Management Fee is payable for less than a full payment period, the
amount is appropriately prorated based on the number of days during the period that CIM
provided services. Management Fees are calculated by the Client as negotiated and specified
in the Governing Documents.

Any fees paid to sub-advisers are paid out of the fees CIM receives from its Client and do not
impact the Client’s expenses.

Non-Investment Advisory Services (Other Services) Fees

CIM Group provides non-investment advisory services (“Other Services”) to Clients that would
otherwise be provided by third parties to certain Clients for additional compensation (“Other
Services Fees”). The terms and conditions upon which Other Services are provided and the
terms and conditions of Other Services Fees are individually negotiated with each Client and
are set forth in the Governing Documents. For example, CIM Group provides property
management, development, leasing, and multifamily residential sales services to real estate
assets, loan servicing and work-out services to debt investments and operating and
administration services to infrastructure portfolio companies. Other Services Fees do not
reduce or offset Management Fees. Generally, Other Services Fees: (1) are at rates that do
not exceed certain specified and agreed upon limits, usually a percentage of gross property
revenues, gross contract price, base rent or gross sales, depending on the type of Other
Services provided; (2) require the consent of the advisory board or all limited partners, as
set forth in the Governing Documents; or (3) are otherwise no less favorable to the Client
and/or its investment than the arm’s-length rates on which the Client or such investment
could obtain comparable services from an unaffiliated service provider, taking into account
the nature of the relevant asset type and the special services required.

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For those Other Service Fees that are performance-based, CIM believes that such
compensation incentivizes CIM Group to provide Other Services in a manner that increases
the value of Client investments. CIM also believes that CIM Group has advanced knowledge
and expertise in urban real estate and real estate-related assets as well as infrastructure and
infrastructure-related assets as compared to many competing third-party service providers.
Please see “Item 8: Methods of Analysis, Investment Strategies and Risk of Loss—Material
Risks—Other Services Fees” for more information regarding these services.

CIM’s Allocable Costs and Expenses

The terms and conditions of CIM’s allocable costs and expenses are individually
negotiated with certain Clients and are set forth in the Governing Documents.

In addition, any of the foregoing services may be rendered by CIM or its affiliates and related
entities: legal, finance and capital markets, tax, accounting, human resources, risk
management, information technology, administrative, operations, engineering, architecture,
property management, real estate services, leasing services, development, construction,
marketing and communications, and their Allocable Costs and Expenses with respect to such
services, constitute Client expenses should the Client’s Governing Documents permit.
Typically, “Allocable Costs and Expenses” means an allocable share of all direct and indirect
fees, costs and expenses of CIM and its affiliates and related entities (as applicable) related
to services provided to the Client and/or Other Services, including, (a) out-of-pocket costs
and expenses of affiliates and related entities, (b) direct and indirect employment and
overhead costs of employees involved in, assisting with, or ancillary to the performance of
such services (e.g., internal staff counsel and other legal professionals, finance and capital
markets, tax, accounting, human resources, risk management, information technology,
administrative, operations, engineering, architecture, property management, real estate
services, development, construction, marketing and communication personnel), (c) expenses
relating to any offices or office facilities (e.g., rent, telephone, printing, mailing, utilities, office
furniture, equipment, machinery and any other office, internal, and overhead expenses), (d)
information technology expenses associated with any computer software or hardware,
including time spent by internal staff, (e) insurance costs and fees and (f) expenses of any
third party retained by CIM, affiliates and related entities.

Other Client Fees and Expenses

A Client shall pay its costs and expenses and shall reimburse CIM and/or its affiliates for
documented costs and expenses of CIM and/or its affiliates to the extent incurred on
behalf of the Client. The terms and conditions of the Client’s costs and expenses are
individually negotiated with each Client and are set forth in the Governing Documents.

For example, certain Clients shall bear all costs and expenses that are incurred in its

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operation, administration and transactions, including but not limited to: (i) the independent
audit of the Client’s seed-stage financial statements and expenses related to its registration
under the Investment Company Act; (ii) organizational costs of the Client; (iii) corporate and
organizational expenses relating to borrowings and offerings of the Client’s securities and
incurrences of any indebtedness; (iv) calculating the Client’s net asset value (including the
cost and expenses of any third-party valuation services); (v) effecting sales and repurchases
...

Item 7: Types of Clients

As previously mentioned, CIM provides certain investment advisory services to Securities
Subsidiaries and an Interval Fund. CIM does not currently provide investment advisory
services directly to retail investors.

The Interval Fund requires a minimum investment of $2,500 by investors.

Third-party investors are not able to invest directly into the Securities Subsidiaries of the non-
traded public REIT.

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