LoanCore Capital Credit Advisor LLC

Item 5 – Fees and Compensation

Management Fee

In exchange for investment advisory services rendered to the Funds, the Advisor receives
an annual management fee. The management fee is typically payable quarterly in advance
and is calculated based on unreturned capital contributions to the REIT. The management
fee will be prorated for any quarter for which the Advisor serves as an adviser for less than
the full quarter (based on the number of days remaining in the quarter). The
management fee paid by the REIT is indirectly borne by the investors in the REIT and the
Feeder Fund. The fee structures described herein may be modified from time to time.

The management fee is deducted from the REIT’s assets. The Advisor’s management fee is
payable regardless of the performance of the REIT’s portfolio and is not based upon any
performance goals or metrics.

The management fee arrangement with respect to the REIT is detailed in the REIT’s Fund
Documents and disclosed to each investor prior to an investment in the REIT or Feeder
Fund. At the discretion of the Advisor or LoanCore Manager, the management fee may be
reduced, waived or modified. Current and prospective investors should refer to the
applicable Fund Documents for complete information with respect to the management fee
arrangements.

Management fees may be calculated based on committed capital, invested capital, net asset
value, gross asset value or other agreed-upon measures, in each case, as set forth and
agreed to in the Fund Documents. In some cases, this may include capital called or
otherwise used to fund management fees (whether capitalized or expensed), consistent
with the terms of such Fund Documents.
The Advisor from time to time enters into economic and/or other fee sharing
arrangements with respect to the REIT and/or certain investors of the REIT and/or the
Feeder Fund, the terms of which will not generally be made available to other investors.
The Advisor also participates in a joint venture where the Advisor is entitled to a financing
services fee based on the principal amount of the financing arrangements outstanding
during the relevant periods, as well as reimbursement of expenses approved by the joint
venture partner. The management fee described above is reduced by an amount equal to
the product of the financing services fee received by the Advisor multiplied by the indirect
percentage interests of the Funds’ investors in the joint venture.

Performance-Based Compensation

Under the Fund Documents for the Feeder Fund, LoanCore Manager is entitled to receive
an incentive fee if the limited partners achieve a preferred return as calculated under the
Fund Documents.

The terms of the incentive fee paid to LoanCore Manager could incentivize the Advisor to
recommend to the Funds to make more speculative investments than they would otherwise
make in the absence of performance-based compensation. Notwithstanding the
foregoing, the Fund Documents contain certain mitigating provisions for the benefit of the
limited partners to ensure that investors achieve the appropriate preferred return on a
rolling basis, and the Advisor believes that it has implemented policies and procedures to
mitigate such conflicts and align its interests with that of the Funds.

Other Fees and Expenses

The Funds are required to reimburse the Advisor or its affiliates for costs and expenses
incurred by it and its affiliates on the Funds’ behalf except those specifically required to be
borne by the Advisor under the Fund Documents and the REIT Management Agreement.
The Advisor is responsible for the salaries and other compensation of the personnel of the
Advisor and its affiliates.
In accordance with the Fund Documents, the Funds are generally required to bear the
following expenses:
   • fees, costs and expenses in connection with the issuance and transaction costs
     incident to the acquisition, negotiation, structuring, trading, settling, disposition and
     financing of the Funds’ investments and investments of the Funds’ subsidiaries
     (whether or not consummated), including brokerage commissions, hedging costs,
     prime brokerage fees, custodial expenses, clearing and settlement charges, forfeited
     deposits, and other investment costs, fees and expenses actually incurred in
     connection with the pursuit, making, holding, settling, monitoring or disposing of
     actual or potential investments;
   •   fees, costs, and expenses of legal, tax, accounting, consulting, auditing, finance,
       administrative, investment banking, capital market and other similar services
       rendered to the Funds (including, where the context requires, by or through one or
       more third parties and/or affiliates of the Advisor) or, if provided by the Advisor’s
       personnel or personnel of affiliates of the Advisor, in amounts that are no greater
       than those that would be payable to outside professionals or consultants engaged to
       perform such services pursuant to agreements negotiated on an arm’s-length basis;
   •   interest, fees and expenses arising out of borrowings made by the Funds, including,
       but not limited to, costs associated with the establishment and maintenance of any
       of the Funds’ credit facilities, other financing arrangements, or other indebtedness
       of the Funds (including commitment fees, accounting fees, legal fees, closing and
       other similar costs) or any of the Funds’ securities offerings;

   •   the Funds’ allocable share of costs associated with technology-related expenses,
       including, without limitation, any computer software or hardware, electronic
       equipment or purchased information technology services from third-party vendors
       or affiliates of the Advisor that is used solely for the Funds, technology service

    providers and related software/hardware utilized in connection with the Funds’
    investment and operational activities;
...

Item 7 – Types of Clients

As noted in Item 4 above, the Advisor provides non-discretionary investment advice to the
REIT, which is a Delaware limited liability company that operates as a real estate
investment trust for U.S. federal income tax purposes, and LoanCore Manager serves as
manager and director of the REIT and general partner of the Feeder Fund, which is a
Delaware limited partnership.

Investors in the Funds consist primarily of sovereign wealth funds and highly sophisticated,
high net worth investors. In general, the Advisor requires that each limited partner in the
Funds be an “accredited investor” as defined in Regulation D under the Securities Act and,
in most cases, a “qualified purchaser” as defined by the Investment Company Act.
Admission to the Funds managed by the Advisor is not open to the general public.

The Advisor does not have a minimum size requirement for Its Funds. Investors in the
Funds are requested to refer to the Fund Documents of the applicable Fund for complete
information on the minimum investment requirement for participation in that Fund.