Domain Timber Advisors LLC

FEES AND COMPENSATION

Investors and clients pay management and incentive fees. Such fees are negotiable and vary by
client or investor. In some instances, certain affiliated parties, employees, or other key investors
do not pay a fee.

Domain Timber negotiates its fees and other compensation at the outset of each client relationship.
The fees are described in the management agreement between Domain Timber and each sponsored
commingled fund and/or separate account client it manages. The fee structure is typically a
percentage of committed and/or invested capital. Domain Timber also receives performance-
based fees based upon achieved return hurdles or equity multiples and/or acquisition or disposition
fees upon investment acquisition and liquidation. Performance-based fee arrangements are only
available to clients who meet the eligibility requirements of Rule 205-3 under the Investment
Advisers Act of 1940.

Domain Timber typically deducts management fees for commingled funds from the account of the
fund on a quarterly basis, either in advance or in arrears in accordance with the governing
documents. Domain Timber may either deduct quarterly management fees for separate account
clients from the account of the separate account client or such management fees may be billed to
the separate account client, as agreed with the client.

In addition to management fees paid to Domain Timber, clients will pay other costs and expenses
associated with (i) organization of a commingled fund, (ii) management of their investments and
(iii) acquisition, management, and disposition of the assets, as set forth more fully below and in

Form ADV – Part 2A Brochure Document | Domain Timber Advisors, LLC

each Fund’s offering documents. Such costs and expenses will be detailed in the applicable
governing documents and may include, but are not limited to, brokerage fees, legal fees,
accounting and audit fees, consultant fees, third party operator compensation, travel expenses,
capital expenditures, costs of improvements, and property taxes.

Domain Timber will be responsible for all of its own ordinary overhead expenses in connection
with its day-to-day operations, including compensation and benefits for employees and expenses
for office space.
Clients generally will pay expenses reimbursed to Domain Timber for, all reasonable expenditures
made on behalf of the Fund or separate account, including without limitation: (i) legal, auditing,
consulting, bookkeeping and accounting fees and expenses (including, without limitation, tax
advisory, tax compliance and costs for preparation of reports to the limited partners and financial
statements); (ii) expenses of limited partner and advisory committee meetings; (iii) insurance and
indemnification expenses; (iv) all costs, fees and expenses associated with the purchase or sale and
any proposed purchase or sale of investments, including any and all expenses incurred in
connection with unconsummated transactions; (v) all extraordinary expenses such as litigation
expenses; (vi) all expenses of liquidating the Fund or separate account; (vii) any taxes, fees or
other governmental charges levied against the Fund or separate account and all expenses incurred
in connection with any tax audit, investigation, settlement or review of the Fund or separate
account; (viii) expenses incurred in connection with the organization of the Fund or separate
account, the general partner as applicable, the manager and any alternative investment vehicles
subject to any applicable cap; and (ix) management and performance fees as described above.

The applicable client agreement or governing fund documents will set forth fees and expenses in
more detail. Domain Timber may be reimbursed for expenses it incurs on behalf of any particular
client or investment vehicle.

Domain Timber, from time to time, enters into letter agreements or other similar arrangements
(collectively, “Side Letters”) with one or more limited partners that have the effect of establishing
rights under, or altering or supplementing the terms of, the applicable Fund Agreement or any
subscription agreement. As a result of such Side Letters, certain limited partners receive additional
benefits that other limited partners will not receive. Such rights or terms in any such Side Letter
or other similar agreement may include, among other things: (i) excuse rights applicable to
particular investments (which may increase the percentage interest of other limited partners in, and
contribution obligations of other limited partners with respect to, such investments); (ii) additional
reporting obligations of the general partner of such fund; (iii) the waiver of certain confidentiality
obligations; (iv) the consent of the general partner to certain transfers by such limited partner; (v)
rights or terms necessary in light of particular legal, regulatory or public policy characteristics of
a limited partner; or (vi) different economic terms. Domain Timber will not be required to notify
any or all of the other limited partners of any such Side Letters or any of the rights or terms or
provisions thereof, nor will Domain Timber be required to offer such additional or different rights
or terms to any or all of such other limited partners. Domain Timber may enter into such Side
Letters with any party as the general partner may determine in its sole and absolute discretion at
any time. The other limited partners will have no recourse against the relevant fund or any of its
affiliates in the event that certain limited partners receive additional or different rights or terms as
a result of such Side Letters.

Form ADV – Part 2A Brochure Document | Domain Timber Advisors, LLC

Domain Timber, with respect to certain funds, sells interests and/or shares in the Private Funds
through broker-dealers, placement agents and other persons and pays a marketing fee or
commission in connection with such activities. Placement agent fees are borne by Domain Timber
...

TYPES OF CLIENTS

Domain Timber provides investment advisory and management services exclusively to
commingled funds and/or separate account clients. The commingled funds sponsored by Domain
Timber are only offered to qualified investors. Domain Timber’s minimum account size for
separately managed accounts is typically $3 million; however, Domain Timber can in its discretion
reduce its minimum account size.

Form ADV – Part 2A Brochure Document | Domain Timber Advisors, LLC

             METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS