Figure Investment Advisors LLC

Item 5 Fees and Compensation

    The annual management-fee rate (the “Management Fee”) for private funds/pooled investment
    vehicles, or registered investment companies are as follows:

    Fund or Reserve Accounts              Annual Rate                        Frequency

    Figure REIT, Inc.                     1.00%                              Quarterly

    Figure Certificate Company            0.10%                              Monthly

    Figure SOL Opportunity Fund LP        0.50%                              Annually

    Figure Offshore Opportunity           0.50%                              Annually
    Investment LP

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Figure Real World Asset Fund LP   0.50%   Monthly

The Management Fee is payable to FIA in advance and is negotiable. FIA has, and may in the future,
elect to reduce, otherwise modify or waive the Management Fee in certain situations. If management
of a client account is terminated prior to the end of a billing period, a pro-rata portion of the
Management Fee will be refunded to the client based on the actual number of days remaining in such
partial period.

In addition to the Management Fee, REIT investors will reimburse FIA for all organization and
offering expenses (including legal, accounting, printing, marketing and other miscellaneous costs
and expenses) as well as costs and expenses relating to the organization of the REIT. Also, all
expenses related to the private funds will be borne by the private fund investors.

Clients will incur brokerage and other transaction costs. Please see Item 12 “Brokerage Practices”
below for details.

Neither FIA nor any of FIA’s affiliates receive any compensation for the sale of securities or other
investment products to its clients.

Item 7​          Types of Clients
FIA’s current clients include private funds, real estate investment trusts (collectively “Private

Companies”) and companies registered under the Investment Company Act of 1940.

Private Companies
For Private Companies, admission of an investor is not open to the general public and interests are
privately offered on a confidential basis in reliance upon exemptions contained in the Securities Act
of 1933, as amended (the "Securities Act") and the rules and regulations promulgated thereunder for
transactions not involving any public offering. Each investor will be required to represent and
warrant to the Private Companies in connection with its subscription, among other things, that the
investor is acquiring the interest in the Private Companies for its own account for investment
purposes only, and not with a view toward resale or other distribution in whole or in part, that it will
not transfer, sell or otherwise dispose of its interest in any manner that will violate the Securities Act
or other applicable laws, rules or regulations, and that the investor is an “accredited investor” as that
term is defined in Rule 501(a) of Regulation D promulgated under the Securities Act a “qualified
purchaser” as that term is defined in Section 2(a)(51) of the U.S. Investment Company Act of 1940,
as amended and/or a “qualified client” as defined in Rule 205-3 under the Investment Advisers Act
of 1940, as amended. Each of the Private Companies has a minimum initial investment, subject to
waiver at the discretion of general partner or FIA, as follows:

 Client                              Minimum Initial Investment
 Figure Offshore Opportunity         $0.01
 Investment LP
 Figure REIT, Inc.                   $1,000
 Figure SOL Opportunity Fund LP      $0.01
 Figure Real World Asset Fund LP     $1.00

Reserve Accounts
For Figure Certificate Company (“FCC”), The Investment Company Act requires FCC to maintain a
portion of the payments that FCC receives in connection with sales of the Certificates as reserves.
The purpose of these reserves is to ensure that FCC has enough assets to meet its obligations under
the Certificates. This obligation includes not only amounts due at maturity but also upon surrender
prior to maturity. The Investment Company Act also requires that reserves are invested in
investments of a kind that District of Columbia life insurance companies can invest in or hold
(“Qualified Investments”). FIA serves as FCC’s investment adviser and invests the assets in FCC’s
portfolio in accordance with FCC’s investment policy and applicable law. There is a minimum initial
investment of $0.01 in this program.

 Client                              Minimum Initial Investment
 Figure Certificate Company          $0.01