Crossplane Capital Management LP

Item 5: Fees and Compensation

FEE SCHEDULES
In consideration of the advisory services we provide to our Clients, Crossplane and certain of our affiliates generally
are entitled to receive management fees and/or carried interest distributions. All fee arrangements are provided for in
each Client’s Governing Documents. Management fees and carried interest distributions may differ for each Client.
Accordingly, investors should carefully review each Client’s offering and Governing Documents for a description of
the fees applicable to it.
Management Fees. Each Fund pays a management fee (the “Management Fee”) to the Firm quarterly in advance
during the term of the Fund, which commenced on the Fund’s initial closing. Until beginning of the first calendar
quarter following the earlier of (i) the expiration or termination of the Fund’s commitment period and (ii) the
expiration of twelve (12) months from the closing of a Competing Fund that is not formed as a co-investment vehicle,
Parallel Investment Vehicle, Alternative Investment Vehicle, or Feeder Fund, as such terms are defined in each Fund’s
Governing Documents, the Management Fee with respect to each investor shall be equal to 2.0% per annum of such
investor’s commitment. Thereafter, the Management Fee with respect to each investor shall be equal to 2.0% per
annum of such investor’s actively invested capital (as determined in accordance with each Fund’s Governing
Documents). For purposes of calculating the Management Fee installment payable in advance for any quarter (after
the termination or expiration of the Fund’s commitment period), the actively invested capital of each investor will be
determined as of the last business day preceding the relevant Management Fee payment date.
Carried Interest Distributions. Crossplane and certain of our affiliates generally are entitled to receive a carried
interest distribution from each Fund based on profits derived from a disposition of an investment, as determined under
each Fund’s Governing Documents. The carried interest is generally 20% of profits from an investment after return
of capital contributions and a preferred return of eight percent (8%) thereon. The return of capital contributions is
either the capital contributions with respect to the relevant investment, all other realized investments and written-off
investments (in each case, to the extent not previously returned), or, in the event that at least 40% of commitments
have not been drawn-down and the fair value (as determined by the general partner) of remaining investments does
not equal or exceed the amount necessary to return capital contributions that would remain unreturned plus the
preferred return, all capital contributions (to the extent not previously returned).
Notwithstanding the foregoing, certain designated investors (including, for example, but not limited to, the General
Partners, their affiliates, or principals, officers, directors, members or employees thereof) will not be subject to carried
interest. Management fees and/or carried interest distributions generally are not negotiable. However, each General
Partner has entered into, and may enter into, side letter agreements or arrangements with one or more investors that
alter, modify or change the terms of the interests held by such investors.
The precise amount of, and the manner and calculation of, the Management Fees and carried interest distributions for
each Fund are established by Crossplane and are set forth in each Fund’s Governing Documents.
Co-Investment Fees
Rentalco Co-Invest and Rentalco Co-Invest II are not subject to management fees and Rentalco Co-Invest is not
subject to carried interest expense. The carried interest for Rentalco Co-Invest II is generally between 10-20% of
profits from an investment after return of capital contributions and a preferred return of eight percent (8%) thereon.
Future co-investment vehicles may have similar or differing fee arrangements.
PAYMENT OF FEES
Management Fees are payable by each Fund on the first day of each fiscal quarter in advance. Each investor is
responsible for its pro rata portion of any such Management Fees. Management Fees are typically funded with capital
contributions drawn for such purpose but may also be funded from a subscription credit facility or with proceeds from
investments. In the event that a Fund is terminated or our services are otherwise terminated, a proportionate amount
of any unearned Management Fees (prorated for the remaining portion of the quarter) will be refunded to the
applicable investor(s).
Any carried interest distributions are calculated upon the disposition of portfolio investments by a Client.

OTHER FEES AND EXPENSES
Other Fees: With respect to each Fund, in connection with services rendered related to actual or potential investments,
the General Partner, the Firm or their affiliates may receive, net of related expenses, (i) directors’, consulting,
management, monitoring and other similar fees not related to a specific transaction or specific transactions (“General
Other Fees”), and (ii) to the extent applicable and not exceeding an amount specified in each Client’s Governing
Document (typically ranging from $2,250,000 to $3,000,000) in any single calendar year, any closing, transaction and
other similar fees related to a specific transaction or specific transactions (“Transaction-Related Other Fees”) (such
fees in clauses (i)-(ii) received by the General Partner, the Firm or their affiliates, “Special Income”). Special Income
will constitute “Other Fees” unless it (a) is not allocable to a Fund or its investors who pay fees or is allocated to co-
investors in co-investment vehicles that pay fees or allocated to another Client, and/or (b) constitutes Management
Fees payable by a Fund. For the avoidance of doubt, Transaction-Related Other Fees that are in excess of $2,250,000
in a single calendar year will constitute General Other Fees.
...

TYPES OF CLIENTS
We currently only provide investment advisory services with respect to the Funds and the co-investment vehicles, our
sole advisory Clients.
ACCOUNT REQUIREMENTS
The Funds
The minimum initial capital commitment generally required for an investor in the Funds is $5,000,000. Nevertheless,
capital commitments of lesser amounts have been in the past and may be in the future accepted in our discretion.
Each investor in the Funds generally is required to represent that it is, among other things, an “accredited investor,”
as such term is defined in Rule 501(a) of Regulation D under the Securities Act, and a “qualified purchaser,” as such
term is defined in Section 2(a)(51)(A) of the Company Act.
Co-Investment Vehicles
Investors in Rentalco Co-Invest, Rentalco Co-Invest II, and any future co-investment vehicles sponsored or managed
by us generally will be investors in the corresponding fund(s), roll-over investors, or other strategic investors as
selected by Crossplane or the General Partners and generally will be required to represent that they are, among other
things, accredited investors and qualified purchasers.