Fremont Realty Capital LP

Item 5: Fees and Compensation
Management and Performance Fees
Per written agreements between FRC and the Fund, FRC is entitled to management fees from the
Fund, paid on a quarterly basis in advance, equal to equal to 1.4% per annum of the Fund’s
invested capital and paid out of current income and disposition proceeds. Beginning January 1,

2018, FRC waived such management fees. Generally, as set forth in Item 6 below, the general
partner of the Fund is eligible to receive carried interest up to 20% of the net profits of the Fund.
Per written agreements between FRC and the FIVs, FRC is entitled to receive management fees
and its affiliates a carried interest from the FIVs.
Fees, Costs and Expenses of the Fund
Management fees due from the Fund, if any, are reduced by certain fees paid to FRC in connection
with the Fund’s investments. Generally, the management fee is offset by an amount (1) equal to
100% of all transaction, acquisition, closing, disposition and similar fees paid to FRC or certain of
its affiliates in connection with the Fund’s investments, net of related third-party expenses, and (2)
equal to 100% of all directors fees, consulting fees, advisory fees and similar fees paid to FRC and
certain of its affiliates in connection with the Fund’s investments, net of related third party
expenses.
FRC's management fees are not inclusive of all the fees which investors may bear. The Fund is
also responsible for legal fees, accounting fees, other out-of-pocket fees and expenses, including
for services provided by FRC or its affiliates at not more than market rates, incurred in connection
with the Fund’s operations and in connection with organizing and raising capital for the Fund up
to a certain limit, including, should the Fund engage the services of a broker, broker/dealer fees
(see Item 12. Brokerage Practices). This list is not intended to be exhaustive; investors in the Fund
are advised to review the applicable Fund offering materials and organization agreements for a
more extensive description of the fees and expenses associated with investments in the Fund.

Item 7: Types of Clients
FRC's only clients are the Fund and the FIVs, each of which is structured as a private investment
company that is not registered or required to be registered under the Investment Company Act of
1940. Each investor in the Fund is required to be an "accredited investor" as defined in Regulation
D under the U.S. Securities Act of 1933, as amended. A minimum dollar value of assets and other
conditions are typically imposed on investors (i.e., limited partners) in the Fund.