Dellacamera Capital Management LLC

Fees and Compensation
   Description
      DELLACAMERA CAPITAL MANAGEMENT, LLC bases its management fees
      on a percentage of assets under management. All fees/incentive allocations
      Imposed by DellaCamera and its affiliates are allocated/charged in
      compliance with Rule 205-3 under the Investment Advisors Act of 1940, as
      amended (the “Act”). All of the management fees/incentive allocations
      described below are NON-REFUNDABLE. In addition, it should be noted that
      DellaCamera has entered into side letter agreements with certain
      large/strategic investors in DellaCamera Capital Fund, Ltd. and DellaCamera
      Capital Partners, LP (and may enter into additional side letter agreements
      with respect to any Fund) that provide such investors with different fee
      structures and other terms.

                         DellaCamera Capital Management, LLC

    Standard Fee Structure by Client:
    DellaCamera Capital Partners, LP
       Our fee and compensation schedule for DellaCamera Capital Partners, LP
       is described in the advisory agreement and other relevant agreements we
       have entered into with respect thereto.

    DellaCamera Capital Fund, Ltd
       Our fee and compensation schedule for DellaCamera Capital Fund, Ltd. is
       described in the advisory agreement and other relevant agreements we
       have entered into with respect thereto.

    DellaCamera Distressed Realty Ltd
       Our fee and compensation schedule for DellaCamera Distressed Realty
       Ltd. is described in the advisory agreement and other relevant agreements
       we have entered into with respect thereto.

    DCMF Liquidating Company LLC
       Management Fee: 1.0% per annum of the net asset value of the Fund
       paid to DellaCamera monthly in advance.
       Incentive Fee: No incentive fee/allocation is charged.

Fee Billing
    As outlined above, the investment management fees are billed monthly, in
    ADVANCE, and are deducted from a designated client account to facilitate
    billing.
    As outlined above the incentive allocations/fees (when applicable) for
    DellaCamera Capital Partners, LP, DellaCamera Capital Fund, Ltd are
    payable annually and are deducted from a designated client account to
    facilitate billing.
    The incentive fee (when applicable) for DellaCamera Distressed Realty Ltd is
    payable quarterly and is deducted from a designated client account to
    facilitate billing.
    All of the management fees and incentive fees/allocations are NON-
    REFUNDABLE.

                     DellaCamera Capital Management, LLC

   Expense Ratios
      DellaCamera will render its services to the clients at its own expense and is
      responsible for its overhead expenses including: office rent; utilities; furniture
      and fixtures; stationary; secretarial/internal administrative services; salaries;
      entertainment expenses; employee insurance and payroll taxes. All other
      expenses will be paid by the client and will include: the fees payable to
      DellaCamera; Fund legal, compliance, audit and accounting fees and
      expenses (including third party accounting services); organizational
      expenses; blue sky fees; offering expenses; investment expenses such as
      commissions, research and market data fees and expenses (including
      research-related travel); software and service expenses; interest on margin
      accounts and other indebtedness; borrowing charges on securities sold short;
      custodial fees; Fund-related insurance costs; Fund-related technology
      expenses; the Fund’s pro rata share of the expenses of the Master Fund; the
      Fund’s pro rata share of all necessary and appropriate costs associated with
      any Business Vehicles, including compensation payable to employees or
      consultants and other expenses relating to the business of the Business
      Vehicles; Administrator and NAV calculation agent fees and expenses;
      Director’s fees and expenses and any other expenses reasonably related to
      the purchase, sale or transmittal of Fund assets .
       Performance figures quoted by the Funds are after fees and expense have
       been deducted.

Types of Clients
   Description
      DELLACAMERA CAPITAL MANAGEMENT, LLC and its affiliates generally
      provides investment advice to private investment funds.

   Account Minimums/Requirements
      All investors in the Funds are generally required to be “accredited investors”.
      In addition, all investors in DellaCamera Capital Partners, LP and DCMF

                         DellaCamera Capital Management, LLC

       Liquidating Company LLC and all U.S. investors in DellaCamera Capital
       Fund, Ltd. and DellaCamera Distressed Realty Ltd. must also be “qualified
       purchasers” (as defined in Section 2(a)(51) of the Investment Company Act of
       1940, as amended) and “qualified clients” (as defined under Rule 205-3
       promulgated under the Investment Advisors Act of 1940, as amended)
       DellaCamera Capital Partners, LP and DellaCamera Capital Fund, Ltd each
       have a minimum initial investment amount of $1,000,000, which may be
       waived at the discretion of the DellaCamera GP and/or the Directors.
       DellaCamera Distressed Realty Ltd. has a minimum initial investment amount
       of $5,000,000, which may be waived at the discretion of the Directors.
       DellaCamera Liquidating Company LLC has no investment minimum.
       Currently, no additional investments are being accepted for all such Funds.

Methods of Analysis, Investment Strategies and Risk of Loss