Forum Capital Advisors LLC

Item 5: Fees and Compensation

3(c)5(C) Private Pooled Vehicle

FCA’s managed 3(c)5(C) Private Pooled Vehicle has the following compensation structure:

    •   Asset Management Fee: The 3(c)5(C) pooled investment vehicle will pay FCA or an affiliate an annual asset
        management fee, payable monthly, equal to 1.25% of the aggregate NAV of the outstanding Class T, Class
        S, Class D, and Class I shares and Class T, Class S, Class D, and Class I OP Units, if any, and 0.75% of the
        aggregate NAV of the outstanding Class C-I, Class C-S, Class F-I and Class F-S shares and Class C-I, Class
        C-S, Class F-I and Class F-S OP Units. The OP Units may be subject to certain limitations in the Fund
        Documents and applicable law. Currently, the only share classes offered are Class F-I and Class F-S shares.
        Additionally, the 3(c)5(C) pooled investment vehicle will pay FCA or an affiliate an annual asset
        management fee equal to 0.75% of the total consideration received from the sale of DST interests, net of up-
        front fees and expense reimbursements payable out of gross sale proceeds from the sale of such interests.
        Investors are encouraged to read the Fund Documents for more detail.

    •   Organization and Offering Expense Reimbursement: The 3(c)5(C) pooled investment vehicle will pay
        directly, or reimburse FCA or an affiliate, if FCA or an affiliate pays on its behalf legal, accounting, printing,
        mailing, and other expenses incurred in connection with the fund offering.

•   Acquisition Fees and Expenses: FCA or an affiliate may be entitled to receive fees in connection with the
    development or construction of a property (the “Development Fee”), as well as reimbursement for expenses
    incurred in connection with the selection, evaluation, structuring, acquisition, origination, financing and
    development of any assets. The Development Fee is expected to be equal to 4.0% of the total project cost of
    each development property, excluding the cost of the land and the Development Fee itself. Development
    Fees are subject to change.

•   Expense Reimbursement: The pooled investment vehicle will reimburse FCA or FCA’s affiliates for out-of-
    pocket costs and expenses FCA or FCA’s affiliates incur in connection with the services FCA or FCA’s
    affiliates provide to the vehicle, including, but not limited to:
         a. fees, costs, and expenses in connection with the issuance and transaction costs incident to the trading,
             settling, disposition and financing of any investment;
         b. the actual cost of goods and services used by us and obtained from persons unaffiliated with FCA
             or FCA’s affiliates, including fees paid to administrators, consultants, attorneys, technology
             providers and other service providers and brokerage fees paid in connection with the purchase and
             sale of any securities;
         c. taxes;
         d. insurance for directors and officers;
         e. managing and operating assets owned, whether payable to an affiliate of FCA or otherwise;
         f. compensation paid to the independent directors and expenses related to meetings of the directors
             and stockholders;
         g. distributions to be made to the stockholders;
         h. communications with stockholders, including the cost of preparation, printing, and mailing annual
             reports and other stockholder reports, proxy statements and other reports required by governmental
             entities;
         i. audit, accounting and legal fees and other fees for professional services relating to operations,
         j. out-of-pocket costs to comply with all applicable laws, regulations, and ordinances; and
         k. any other expenses incurred by FCA or its affiliates in the performance of FCA or FCA’s affiliates
             duties under the advisory agreement.

•   Performance Participation Allocation – Special Limited Partner: So long as the advisory agreement has not
    been terminated, a Special Limited Partner of the 3(c)5(C) pooled investment vehicle will hold an interest
    in the performance participation allocation from the vehicle. The performance participation allocation is
    calculated on a class-specific basis as the lesser of (1) 12.5% of (a) the annual total return amount for such
    class of Fund interests, less (b) any loss carryforward for such class of Fund interests, and (2) the amount
    equal to (x) the annual total return amount for such class of Fund interests, less (y) any loss carryforward for
    such class of Fund interests, less (z) the amount needed to achieve an annual total return amount equal to
    5% of the NAV per Fund interest of such class at the beginning of such year, which is referred to as the
    hurdle amount. The foregoing calculations are calculated on a per Fund interest basis and multiplied by the
    weighted average Fund interests of the applicable class outstanding during the year. Please refer to item 6
    of this Brochure for more information about performance-based compensation.

•   Fees for Other Services: The vehicle may retain FCA or certain of FCA’s affiliates, from time to time, for
    services relating to the vehicle’s investments or its operations. Any fees paid to FCA or FCA’s affiliates for
    any such services will not reduce the advisory fees. Any such arrangements will be at market rates or
    reimbursement of costs incurred in providing the services.

Forum Structured Finance LP

Forum Structured Finance LP (“FSF”), one of FCA’s 3(c)7 Private Pooled Vehicles, pays FCA an annual
management fee (the “Management Fee”), payable quarterly in advance, with respect to each limited partner by
multiplying the applicable Management Fee rate, as set forth in the table below, by the invested capital of such
limited partner:
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Item 7: Types of Clients

FCA provides investment advice only to privately offered pooled investment vehicles, each a Client, which are
FCA’s only Clients.

FCA provides investment advisory services to pooled private investment vehicles relying on exemption from
registration with the SEC under either Section 3(c)5(C), 3(c)1, or Section 3(c)7 of the Investment Company Act.
Private Pooled Vehicles are only offered and interests are only sold to a limited number of persons that are
“accredited investors,” “qualified clients”, and/or “qualified purchasers” as such terms are defined in Regulation D
under the Securities Act of 1933, as amended, and a “qualified client,” as that term is defined in Rule 205-3
promulgated under the Advisers Act. Without the consent of the general partner, manager, and/or FCA, where
applicable, interests in a Client may not be purchased by non-resident aliens, foreign corporations, foreign
partnerships, foreign trusts or foreign estates, all as defined in the Internal Revenue Code of 1986, as amended.

FCA, on behalf of the Private Pooled Vehicle’s, may enter into side letters agreements. As permitted by the Fund
Documents, FCA and/or the applicable general partner or manager in its sole discretion, may supplement, waive or
modify the application of any provision of an applicable Private Pooled Vehicle agreement with respect to such
investor in a manner more favorable to such investor than those applicable to other investors, without obtaining the
consent of any other investor.