Hackman Capital Partners LLC

Fees and Compensation

        Clients are subject to different fees as compensation for the investment advisory services
provided to each applicable Client. The Adviser does not impose a uniform schedule of fees on all
Clients. Fees are negotiated in each instance and are particular to each Client. The amount and
manner of calculation of the fees are set forth in each Client’s respective Legal Documents and are
intended to reflect the underlying investment mandate and associated risks. The fees paid by a
Client are directly or indirectly borne by the Client’s underlying Investors. Prior to investing in a
Client, each Investor is asked to carefully read and review the particular Client’s Legal Documents
for a complete understanding of the terms of the Client, including the compensation received by
the Adviser and its affiliates, how such compensation is calculated and the expenses paid by the
Client.

        Compensation arrangements include, among other arrangements, the following: (1) annual
management fees (“Management Fees”); (2) a promote, carried interest, performance allocation or
other incentive, performance-based and/or equity compensation (collectively, “Promote”); (3) fees
and other compensation for studio management, property management, leasing, construction,
construction management, development, development management, acquisition, disposition,
studio operations, restructuring, and other asset-level services necessary to manage a Client’s
assets and Investments, and including expense reimbursements and indemnities related to such
services (collectively, “Asset-Level Fees”); and (4) other transaction, topping, break-up,
monitoring, advisory, consultancy, director’s, syndication or other fees in connection with
Investments and unconsummated transactions (including warrants, options, and other rights), and
other fees specifically negotiated for services provided, in each case in accordance with the
relevant Legal Documents (collectively, “Other Fees”). As permitted under the applicable Legal
Documents, the Adviser may from time to time waive or agree to reduce all or any portion of the
Management Fee, Promote, Asset-Level Fees or Other Fees for one or more Investors in the
Clients, with the result being that Investors in a Client may pay different Management Fees,
Promotes, Asset-Level Fees or Other Fees. Investors in the Clients also bear a variety of expenses.
Descriptions of fees, compensation and expenses herein are qualified in their entirety by reference
to the applicable Legal Documents of the Clients.

        Management Fees. To the extent applicable for a given Client, Management Fees are
typically based upon committed capital during the commitment period and invested capital after
the expiration of the commitment period, in each case as more fully described in the respective
Client’s Legal Documents. The Management Fee Rate typically ranges from 0% to 2% and is
generally calculated and payable quarterly in advance. Management Fees are paid from assets held
or generated by such Clients or through capital calls made to Investors. Management Fees are
generally paid regardless of whether the Client produces positive investment returns. Some Clients
may provide for limited offsets to Management Fees to the extent set forth in their Legal
Documents, while other Clients do not provide for any offsets to Management Fees.

        Promotes. Promotes may be based upon realized and/or unrealized appreciation in the
value of an asset, operating company or portfolio, or other criteria, and are paid periodically and/or
upon disposition of an asset, operating company or portfolio, or after a Client or Investor receives
a specified negotiated return set forth in the Legal Documents. Promotes are generally paid from
distributions and other assets held or generated by Clients (typically structured to provide the
Adviser up to 20% of cash available for distribution). Promote payments or distributions may be

made prior to the end of a Client’s life; in certain cases such payments or distributions are subject
to certain giveback obligations and in other cases they are not, in each case as set forth in the
applicable Legal Documents.

         Asset-Level Fees. The Clients, their Managers, or Client-related vehicles or Investments
have retained and in the future expect to retain HCP, its personnel, and, to the extent applicable in
the future, one or more of its affiliates (each an “HCP Party” and, collectively, the “HCP Parties”)
and/or third-party firms, including the MBS Services Business (as defined below), to perform a
variety of asset-level services (including studio management, property management, leasing,
construction management, development, development management, acquisition, disposition,
studio operations, studio equipment rentals and other asset-level services necessary to manage a
Client’s assets and Investments) (collectively, “Asset-Level Services”) in exchange for Asset-
Level Fees, which are typically either market-based fees and/or specified agreed fees, plus expense
reimbursements and indemnities for the performance of such Asset-Level Services, all as set forth
in the applicable Legal Documents. Asset-Level Services performed by HCP Parties in many cases
are services that could also be performed by unaffiliated third parties, which could be at similar or
different rates. Asset-Level Fees are negotiable and vary based on the needs of each individual
project or asset and the services to be provided. Acquisition and disposition fees may be charged
upon the acquisition and disposition of an Investment or asset, and may be a fixed amount, an
amount charged based on the aggregate capital invested in the Investment or asset, an amount
charged based on the value of the subject Investment or asset, or may be charged based on a
performance-based component such as a negotiated percentage of the investment return above an
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ITEM 7 – TYPES OF CLIENTS

        The Adviser provides investment advice to the Clients. The Clients include investment
partnerships and other investment entities formed under domestic or foreign laws and exempt from
registration under the Investment Company Act of 1940, as amended (the “Investment Company
Act”). The Investors participating in the Clients include individuals, banks or thrift institutions,
other investment entities, university endowments, sovereign wealth funds, family offices, pension
and profit sharing plans, trusts, estates or charitable organizations or other corporations or business
entities and may include, directly or indirectly, the Principal and other personnel of the Adviser
and its affiliates and members of their families, other “friends and family” Investors and other
service providers retained by the Adviser.

        Certain Clients require a minimum investment amount of $10 million, but such amount has
been and in the future will be reduced with the prior agreement of the Adviser, subject to applicable
legal requirements.

        Interests in Clients generally are offered and sold only to Investors that are both (i)
“accredited investors” as defined under Regulation D of the Securities Act of 1933, as amended
(the “Securities Act”) and (ii) “qualified clients” as defined under the Investment Company Act,
or “knowledgeable employees” of the Adviser or its affiliates. Certain Clients may additionally
require that Investors be “qualified purchasers” as defined under the Investment Company Act.