Lincoln Capital Advisers LLC

Item 5 – Fees and Compensation

Lincoln Capital Advisers’ fees generally include a base fee as established in the Client’s written
agreement with the Firm (“Base Fee”). Consistent with the Organizational Documents of a Client,
a Client typically bears certain out-of-pocket expenses incurred by the Firm in connection with the
services provided to a Client.

Base Fee

LCA generally receives a Base Fee which may be computed based on either capital commitments,
invested capital or otherwise, with respect to such Client. The Base Fee may be reduced during the
life of a Client relationship. The precise amount of, and the manner and calculation of, the Base Fee
for a Client are established by the Firm and are set forth in such Client’s governing agreement (such
as its organizational documents). The Base Fee and other fees and distributions described herein
are generally subject to modification, waiver or reduction by the Firm in its sole discretion, on a

negotiated basis with selected investors via side letter and other arrangements, which may take
into account the size of the investor and its relationship with the Fund and/or the Firm. Such fee
arrangements are not disclosed to other investors. The fee structures described herein may be
modified from time to time. Fees may differ from one Client to another, as well as among investors
in the same Fund.

The Base Fee paid by a Client may be reduced by (1) the amount of fees paid by such Client to
persons acting as a placement agent in connection with the offer and sale of interests in such Client
to certain potential investors, (2) the fees incurred by the Firm in connection with the organization
of such Client that exceed a limit specified in such Client’s Organizational Documents, (3)
Transaction Fees, as described below under Base Fee Offset. The amount and manner of such
reduction, if any, is set forth in the Organizational Documents of the applicable Client.

Base Fees received from the Funds are paid quarterly in arrears following the initial close of the Fund.

Other Fees and Expenses

Affiliated Party Services and Fees

LCA is an affiliate of Lincoln Property Company and has material business relationships with
related persons within the Lincoln Property Company group of companies. Those business
relationships include retaining related persons such as Lincoln Property Company Commercial,
LLC, LPC Commercial Services, LLC, LPC West, LLC, Lincoln Property Company Commercial
Service Enterprises, LLC, and Lincoln Property Company of Florida, LLC for services to any
portfolio investment or real estate asset in a Client’s portfolio, including, but not limited, to the
following services: property acquisition, acquisition brokerage, financing and sale brokerage,
leasing, leasing brokerage, brokerage (whether for sales, acquisitions, leasing, mortgage banking,
debt origination or otherwise), leasing, hedging services, custodial and depository services,
appraisal, janitorial, security, engineering and landscaping, debt financing, due diligence,
marketing, branding, workspace strategy, sustainability, business development, fund, portfolio,
and property accounting, reporting, administration, and performance, investor portal, training,
information technology (“IT”), loan servicing, consulting, environmental, entitlement and zoning,
development services, construction management, property and asset management, project and
construction management, mortgage banking, a Client’s investments and entity (including REITs)
related matters (including for licensing, qualification, maintenance, reporting, auditing and filing
services), audits, tax preparation, filing and appeal services and other tax related services,
regulatory and structuring (legal, tax, accounting or otherwise) related services, accounting,
benchmarking and licensing the activities of a Client within and outside the United States,
including for AIFMD purposes (which refers to the European Union “Alternative Investment Fund
Managers Directive”) and other services (“Real Estate Services” and the affiliates that provide
such services, “Real Estate Service Providers”). Clients, or entities or properties owned by Clients,
will pay fees, other compensation or reimbursements to Real Estate Service Providers for Real
Estate Services (such fees, other compensation or reimbursements, “Real Estate Services
Compensation”), and Real Estate Services Compensation will be in addition to, and will not
reduce, the Base Fee, carried interest, or other compensation payable by a Client to LCA or its
affiliates. Real Estate Services Compensation is not a Transaction Fee, Real Estate Services
Compensation also includes employee salaries and other costs and expenses of Lincoln Property

Company, which will be reimbursed by a Client or its assets in accordance with the Client’s
Organizational Documents and will typically include reimbursement for compensation (including
any salary, bonus, payroll taxes and benefits) and overhead (including rent, property taxes and
utilities allocable to the workspaces) attributable to employees of Real Estate Service Providers
that are providers of Real Estate Services. Investments held by Clients will bear their own expenses
related to the acquisition, financing, and operation of such properties. For a discussion of conflicts
of interest related to these fees and reimbursements see “Affiliated Service Providers” under Item
11 below.

In addition, some joint venture or affiliated service provider arrangements entered into with Clients
or related parties provide for a promote, incentive or other fees or ownership interest in the subject
property to be granted to such joint venturer or service providers. Such compensation will be
ultimately borne by the Client or the Client’s property and not LCA and, for certain Clients, the
Clients will be bearing two levels of promote and fees – one to LCA and one to the affiliated service
...

Item 7 – Types of Clients

The Firm provides investment supervisory services to Funds and may in the future provide
services to other Clients. Investment advice is provided directly to a Fund (subject to the direction
and control of the general partner of each such Fund, if applicable) and not individually to investors
in such Fund.

Interests in a Fund are offered pursuant to applicable exemptions from registration under the
Securities Act and the 1940 Act. Investors in a Fund are generally required to be “qualified
purchasers” as defined in the 1940 Act, and may include, among others, certain key employees of the
Firm, pension and profit-sharing plans and institutional investors.