Endowment Advisers LP

Item 5           Fees and Compensation
CCPS Complex

         Investment Management Fee

As consideration for providing advice and management, the CCPS Master Fund pays the Adviser an annual management fee
based on a tiered fee schedule ranging from 1% to 0.50% of the value of each Investor’s capital account as of the first business
day of each month (the “Management Fee”) which amounts will be charged as of that date to each Investor’s capital account.
The investment management agreement will remain in effect for two years from its date of execution, and then continue on
a year-to-year basis following consideration and approval by the CCPS Master Fund’s board of directors as required under
the IC Act.

The Management Fee is computed based on each Investor’s capital account as of the end of business on the last business day
of each month, after adjustment for any subscriptions effective on that date and before giving effect to any repurchase of
CCPS Master Fund interests or portions of CCPS Master Fund interests effective as of that date and is due and payable in
arrears within five business days after the end of the month. The Adviser may, but is not required to, waive, reduce, or rebate
the Management Fee calculated with respect to, and deducted from, the Investors’ capital accounts and to pay all or part of
the Management Fee to third parties for services rendered in connection with the placement of interests.

If the Adviser performs its investment management services for less than the whole of any month, the Management Fee will
be prorated according to the proportion that such period bears to the full month and shall be payable within 30 days after th e
end of the relevant month or the date of termination of this investment management agreement, as applicable.

         Incentive Fee

Beginning April 1, 2022, the Adviser is eligible to receive an incentive fee (the “Incentive Fee”) from the CCPS Master
Fund representing 10% of the return of the CCPS Master Fund in excess of a 6% net return annually (“Hurdle Rate”)
(calculated and charged at the CCPS Master Fund-level and based on the limited partner interests in the CCPS Master
Fund; calculated and accrued monthly and payable annually). The Incentive Fee will be calculated on a “peak to peak,” or
“high watermark” basis, which means the Incentive Fee will be based solely on new net profits (e.g., if the CCPS Master
Fund has a net loss in any period followed by a net profit, no Incentive Fee will be made with respect to such subsequent
net profits until such net loss has been recovered). The Hurdle Rate is non-cumulative. The Incentive Fee is based on the
CCPS Master Fund's performance and will not be paid unless the CCPS Master Fund achieves performance in excess of
the Hurdle Rate.

         Administrative Servicing Fee

In consideration for investor services and administrative services provided by the Adviser to the CCPS Complex, certain
of the CCPS Feeders pay the Adviser, as “Servicing Agent,” a quarterly servicing fee (“Servicing Fee”) based on the
month-end net assets of the applicable CCPS Feeder over the course of the applicable quarter. The Servicing Fee equals
up to 0.70% (on an annualized basis) of the respective CCPS Feeder fund’s average month-end net assets, payable monthly
in arrears. The Servicing Fee will vary by particular feeder fund, as detailed below:
     • Cypress Creek Private Strategies TEI Fund, L.P., and Cypress Creek Private Strategies Registered Fund, L.P.:
              o 0.70% per annum
     • Cypress Creek Private Strategies Institutional Fund, L.P.
              o 0.35% per annum
     • Cypress Creek Private Strategies Domestic Fund, L.P., and Cypress Creek Private Strategies Onshore Fund, L.P.
         (Class D and Class Q Investors-only)
              o 0.70% per annum of capital account balances as of a month end of less than $10 million; and 0.50% per
                  annum if the account balance is
                  $10 million or more; provided, however, that for capital account balances as of a month end of $10
                  million or more, the Servicing Fee will be negotiable

In certain situations, the Administrative Servicing Agent may engage one or more sub -administrative servicing agents
(each, a “Sub-Administrative Servicing Agent”) to provide some or all of the services. Compensation to any Sub-
Administrative Servicing Agent is paid by the Administrative Servicing Agent. The Adviser or its affiliates also may pay

a fee out of their own resources to Sub-Administrative Servicing Agents. The Adviser retains Servicing Fees for services
provided directly to certain Investors no longer affiliated with a Sub -Administrative Servicing Agent. Investors serviced
directly by the Servicing Agent are not considered clients of the Adviser and are provided services similar to those
undertaken by Sub-Administrative Servicing Agents. The provision of these services does not, in any instance, create an
adviser/client relationship between the Adviser and the Investors which are the beneficiary of these services. Compensation
to any Sub-Administrative Servicing Agent is paid by the Servicing Agent. In certain situations, the Adviser pays a fee out
of its own resources to Sub-Administrative Servicing Agents. Although Servicing Fees are paid for the provision of
ongoing Investor services and are intended primarily for such services, to any extent that the Servicing Fees could be
considered to support the distribution of the CCPS Private Feeders, Investors would be paying for distribution of CCPS
Private Feeder interests out of the CCPS Private Feeders’ assets. To any extent that the Servicing Fees could be considered
to support distribution of the CCPS Private Feeders, the Adviser would not have to pay such expenses from its other
resources, which is an incentive to maintain Private Feeder Servicing Fees and considered a conflict of interest. The private
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Item 7           Types of Clients
The Adviser provides advisory services to registered investment companies and private funds. See Item 5 above for a
discussion of minimum investment amounts applicable to Investors in the CCPS Feeders and the Private Funds.

The CCPS Feeders are privately offered to certain eligible Investors that meet minimum requirements. Investors, which may
include individuals, tax-exempt institutions, non-U.S. persons or non-U.S. taxpayers, will be required to certify that they
qualify as (1) a “qualified purchaser” as such term is defined in Section 2(a)(51) of the IC Act or (2) a “qualified client”
within the meaning of Rule 205-3 under the Advisers Act. Criteria for qualifying as a “qualified purchaser,” and “qualified
client,” are set forth in the subscription document that must be completed by each prospective investor.

The Private Funds are subject to applicable suitability requirements and Investors generally must be “ qualified clients” (as
defined in Regulation D under the U.S. Securities Act of 1933, as amended) and as specified in the related offering documents.
The Private Funds are also privately offered only to certain eligible Investors that meet minimum requirements which are
detailed in each feeder’s private offering memorandum and/or limited partnership agreement. Investors, which may include
individuals, tax-exempt institutions, non-U.S. persons or non-U.S. taxpayers, must be considered qualified clients (as defined
in Section 2(a)(51) of the IC Act), and, for certain feeder funds, must qualify as a “qualified purchaser” as such term is defined
in Section 2(a)(51) of the IC Act. In addition, Private Fund Investors may be required to meet certain stated minimum
commitments as set out in the offering documents for the relevant Private Fund. These minimum commitments, which can
vary by Private Fund, can be individually waived, increased, or decreased at the Advisers’ discretion.