Forsyth Street Asset Management LLC

Item 5: Fees and Compensation

FSAM Fees and Compensation include the following:

    •       Monthly Fixed Fees: these fees range from $5,000 to $30,000.

    •       Loan Underwriting Fees: these fees range from $10,000 to $30,000.

    •       Loan Origination/Closing Fees: these fees range from: $3,000 to $10,000.

    •       Draw Processing Fees: these fees range from: $2,000 to $3,000.

    •       Asset Management Fees: Based on loans outstanding and these fees range from 0.05% to
            0.25% of loan assets.

    •       Loan Extension Fees: these fees are approximately 0.25% of the loan amount being extended.

    •       Special Project, Work-Out or Capitalization Fees: Negotiated separately as needed and
            approved by the client.

All fees are payable in arrears and FSAM collects no prepayment of fees. For some clients, FSAM is
allowed to transfer funds for its fees from the fund’s operating account in accordance with a client-
approved operating budget for the fund and in accordance with the fund management contract that sets
forth the fees. Operating accounts for the funds are held in demand deposit accounts with banks and
reported on to the clients monthly. In other cases, the client pays FSAM’s fees directly after an invoice is
submitted. Fees are negotiable and customized for each client. No fees are charged on any reserve
investment transaction. FSAM does not participate in any wrap fee program. FSAM has no broker-dealer
affiliations.

Clients are required to pay third-party trustee fees when reserve funds are held in an escrow account
pursuant to an escrow agreement. If a fund obtains a loan from a bank or syndicate of banks, the
relevant client must approve each bank’s interest and fees associated with the loan.

Forsyth Street Asset Management LLC - Form ADV Part 2A Firm Brochure

Item 7: Types of Clients

FSAM’s current clients include large national non-profit intermediaries, such as Enterprise Community
Partners and the Local Initiatives Support Corporation (LISC), Community Development Financial
Institutions, foundations and philanthropies, banks, and other financial institutions. Endowments, pension
funds and other large institutions are future potential clients.

Lenders to the Funds include commercial banks, insurance companies and foundations. Citibank, through
its Community Development Lending division, acts as a lender to some of our funds. FSAM manages
certain renewable energy investments on behalf of the Citicorp North America, Inc. These investments
are not a part of FSAM AUM. We have disclosed to our clients that we have a client relationship with both
divisions of Citibank.

Forsyth Street Asset Management LLC - Form ADV Part 2A Firm Brochure