Fig Capital Management LLC

Item 5: Fees and Compensation

In consideration for the provision of our investment advisory services, we
may charge a servicing fee and/or a performance-based management fee to
the Funds. The specific fee structure applicable to each Fund is described in
that Fund’s offering documents and governing agreements; the following is
a general summary.

Servicing Fee

If a servicing fee is charged, it will not exceed 1% per year of a Fund’s total
gross assets, calculated as described in the applicable Fund documents.
Servicing fees, if charged, are generally accrued and paid quarterly in
arrears.

Performance-Based Management Fee

If a management fee is charged, it is generally structured as a performance-
based fee equal to a percentage of a Fund’s realized net profits (the
“Management Fee”). Management Fees typically fall within a range of 20%
to 80% of a Fund’s realized net profits, calculated as described in the
applicable Fund documents and subject to any applicable loss carryforward,
hurdle, or other terms. Detailed examples of Management Fee calculations
will be provided upon request.

Management Fees are generally accrued and paid either monthly in arrears,
as described in each Fund’s governing documents. Management Fees are
also due upon termination or dissolution of the applicable Fund. We do not
require prepayment of advisory fees.

Payment of the Management Fee is in addition to any allocations of realized
net profit to our principals or owners based upon their respective capital
accounts in the Funds, as set forth in each Fund’s governing documents.

The Manager may, in its sole discretion, reduce, waive or calculate differently
the Management Fee with respect to any Investor, including, without
limitation, Investors that are members, affiliates or employees, members of
immediate families of such persons and trusts or other entities for their
benefit.

Item 7: Types of Clients

The Manager manages the Funds and has no other clients.

Item 8: Method of Analysis, Investment Strategies and Risk of Loss

The Manager undergoes rigorous upfront due diligence and underwriting
procedures by using hundreds of data variables prior to acquisition.

The Manager expects that majority of assets will be disposed of within three
(3) to twenty-four (24) months following acquisition.

The Manager monitors both its current net returns as well as a continual
review of back-tested returns based on historical data to ensure the product
is performing as expected.

Investing in the Funds includes the risk of loss that an investor should be
prepared to bear. The risk factors an investor in the Funds considers are
described within the Funds’ offering documents. Each investor was asked to
review the offering documents prior to investing with regard to the risks of
investing. The material risks include, but are not limited to, the following:

Market Risk. A wide range of economic, political, and social events and
conditions can adversely affect financial markets and the broader economy,
and therefore the value and liquidity of the Funds’ investments. These
include, among other things, rising interest rates and inflation, protectionist
trade policies, trade disputes and tariffs, changes to international trade
agreements, the possibility of a national or global recession, risks associated
with pandemic and epidemic diseases, natural disasters, energy supply
disruptions (including disruptions in oil and gas markets), and other
large-scale events.

Geopolitical events, such as actual or threatened armed conflicts, acts of
terrorism, and political or social instability, can cause abrupt and severe
disruptions to global economies and markets. For example, ongoing armed
conflicts between Ukraine and Russia in Europe and among Israel, Hamas,
Iran, and other state and non-state actors in the Middle East have caused,
and could continue to cause, significant market disruptions and volatility in
the affected regions and have had negative impacts on markets in the United
States and globally. In particular, heightened tensions and conflict involving
Iran and in the broader Middle East have increased uncertainty in global oil
and energy markets, contributing to volatility in energy prices, higher input
costs, and potential supply disruptions that can adversely affect many
sectors of the economy. These or similar events could also have negative
effects on the Funds that cannot be foreseen at the present time.

As global systems, economies, and financial markets are increasingly
interconnected, events that once had only local impact are now more likely
to have regional or even global effects. Events that occur in one country,
region, or financial market may adversely impact issuers and investments in
other countries, regions, or markets, and these impacts can be exacerbated

by failures of governments, regulatory authorities, financial institutions, or
other market participants to adequately anticipate, prevent, or respond to
emerging risks or crises.

The Funds could be negatively impacted if the value or liquidity of their
portfolio holdings decreases as a result of such events, or if these events
disrupt systems, markets, or processes necessary or beneficial to the
acquisition, management, servicing, or disposition of the Funds’
investments.

Cybersecurity Risk. With the increased use of technologies such as the
Internet, mobile devices, “cloud” services and other digital systems to
conduct business, the Funds and their service providers are susceptible to
operational, information security, and related risks. In general, cyber
incidents can result from deliberate attacks or unintentional events. Cyber
attacks include, but are not limited to, gaining unauthorized access to digital
systems (e.g., through “hacking,” malicious software, or social engineering)
for purposes of misappropriating assets or sensitive information, corrupting
data, or causing operational disruption. Cyber attacks may also be carried
out in a manner that does not require gaining unauthorized access, such as
causing denial-of-service attacks on websites (i.e., efforts to make network
services unavailable to intended users).

Cyber incidents affecting the Funds or their service providers may cause
disruptions and impact business operations, potentially resulting in financial
losses, interference with the Funds’ ability to calculate valuations,
impediments to trading or executing transactions, inability of investors to
transact with a Fund, violations of applicable privacy and other laws,
regulatory fines and penalties, reputational damage, reimbursement or
other compensation costs, and/or additional compliance and operational
costs. Similar adverse consequences could result from cyber incidents
affecting issuers of securities in which the Funds invest, counterparties with
which the Funds engage in transactions, governmental and other regulatory
authorities, exchanges and other financial market operators, banks, brokers,
dealers, insurance companies and other financial institutions, and other
parties. In addition, substantial costs may be incurred in order to prevent,
detect, mitigate, or remediate any cyber incidents in the future.

The use of Internet- and cloud-based programs, technologies, and data
storage applications generally heightens cyber risks. Any such circumstances
could subject the Funds to substantial losses, including losses relating to
misappropriation of assets, intellectual property, or confidential
information; corruption, deletion, or destruction of data; physical damage
and repairs to systems; reputational harm; financial losses from remedial
actions; and/or disruption of operations. Third parties, including activist,
criminal, nation-state, or terrorist actors, may also fraudulently attempt to
induce our personnel or the personnel of service providers to disclose
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