Marble Capital LP

Item 5 - Fees and Compensation

Management Fees

The Funds, the General Partner and the Adviser will enter into a management services agreement pursuant
to which the Adviser will provide certain management and administrative services to the Funds in
exchange for a management fee. The management fees will be set forth in detail in each fund’s offering
documents. The Adviser will charge Limited Partners in the closed-end Funds an annual management fee
which will commence on the date of the initial closing based on total Commitments, regardless of when a
Limited Partner is actually admitted. During the Commitment Period, Limited Partners in the Funds will
pay the Adviser an amount equal to a specified percentage of each Limited Partner’s capital commitment.
Following the Commitment Period, the annual management fee will generally equal a specified percentage
of the Limited Partner’s pro rata share of the lesser of (1) the sum of all unreturned capital (equity and
debt) invested by the Fund and (2) the total commitments of the Partners. For the open-end Fund, the
Adviser will charge Limited Partners an annual management fee based on a percentage of the Fund’s Net
Asset Value (“NAV”).

Limited Partners that are recommended to a Fund by a third-party investment adviser may be subject to
additional fees, which are charged by the third-party investment adviser. Marble does not receive
additional compensation from third-party investment advisers who recommend their clients to invest in a
Marble Fund.

While management fees are not generally negotiable, the General Partners of the Funds, have entered into,
and may in the future, enter into side letters or similar arrangements that reduce fees with respect to certain
Limited Partners. The existence and terms of these side letters are not generally disclosed to other Limited
Partners in the Funds.

Carried Interest

The Managing Member of each Fund is entitled to receive an incentive distribution or “carried interest”
in an amount equal to a specified percentage for each Fund; generally, 20%. The specific percentage and
amount of the incentive distribution or “carried interest” will vary depending on the terms arranged for
each Fund. Generally, Limited Partners will receive a stated “preferred return” as described in each Fund’s
offering documents.

Manner of Fee Payment

Management Fees as described above, are included in each Funds’ expenses and are allocated against the
capital account of each Limited Partner with all other Fund expenses.

Other Fees Clients May Be Charged

Marble will be entitled to receive fees from their development partners attributable to the
acquisition/origination, refinancing, and disposition of Portfolio Investments. These fees are not paid by the
Limited Partners, but rather are paid by the development partner to Marble. In addition, Marble may charge
other transaction fees, such as, servicing fees, administrative and documentation fees, asset management
fees, extension fees, and other fees. Such fees will not offset management fees.

Funds will generally be responsible for all organizational and startup expenses (as further set forth in the
respective Governing Documents) (“Organizational Expenses”), including (without limitation) expenses
relating to travel (including non-commercial aircraft and ground transportation, meals, entertainment and
accommodations), printing, legal, any depositary, capital raising, accounting, tax, consulting, regulatory
compliance, any administrative or other filings, other organizational expenses, and any of the foregoing
expenses incurred by any placement agent for the Fund. In certain Funds, the Adviser will bear the cost
(through a reduction of the Management Fee or otherwise) of (i) all Organizational Expenses in excess of
a defined percentage of combined commitments (as of the final closing) and (ii) any placement fees payable
to any placement agent (“Placement Fees”) in connection with the formation of the Fund.

Funds will also generally be responsible for paying, or reimbursing the Adviser and its affiliates for, all
other fees, costs, expenses, liabilities and obligations relating to the Fund and/or its activities, business,
subsidiaries or actual or potential investments (to the extent not borne or reimbursed by a subsidiary or an
investment or potential investment), including the fees, costs, taxes and other governmental charges, duties
and expenses associated with the preparation of the Fund’s financial statements, tax reporting and the
reports and other information and the distribution of same to the Limited Partners pursuant to the
respective Governing Documents (including the fees and expenses of any electronic system or software
utilized to deliver such reports and information to the Limited Partners), tax returns and Schedules K-1,
printing expenses, mailing and courier expenses; all expenses related to the ongoing administration of the
Fund, including any tax and other professional services (including costs related to the establishment or
maintenance of any such activities or services), legal, technology, auditing, accounting and bookkeeping
(internal and external), administration (including costs associated with any third-party administrator and
administration, tracking or reporting software, if any), information, advisory, valuation (including third-
party valuations or appraisals), risk assessment, compliance, and expenses related to acquiring,
developing, implementing or maintaining related software; fees and expenses of any administrator,
depositary, custodian or other service provider; the fees, costs and expenses incurred in connection with
investigating, negotiating, valuing, diligencing, structuring, acquiring, hedging, holding, selling (or
potentially selling), refinancing, salvaging or turning around, restructuring or exchanging of Portfolio
Investments, including (i) business development expenses (which for purposes hereof shall include Travel
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Item 7 - Types of Clients

As noted in Item 4 above, Marble provides investment advisory and asset management services, on a
discretionary basis, to the Funds, and from time to time, may offer co-investment opportunities to one or
more third parties or manage co-investment vehicles that invest in portfolio investments in which the
Funds invest or will invest.

The Funds advised by Marble are exempt from registration under the Investment Company Act of 1940,
as amended (the “Investment Company Act”) pursuant to Section 3(c)(1), Section 3(c)(7), or Section
3(c)(5) of such act.

Limited Partners participating in the private funds are required to meet certain suitability and net worth
qualifications, such as being (1) an accredited investor within the meaning of Rule 501 of Regulation D
under the Securities Act of 1933, as amended (“Securities Act”) and (a) a “qualified purchaser” as defined
in Section 2(a)(51) of the Investment Company Act of 1940, as amended (the “Investment Company Act”)
or (b) a “knowledgeable employee” within the meaning of Rule 3c-5 of the Investment Company Act, or
(2) a non-U.S. person, depending on the eligibility requirements of the specific private fund.

The minimum investment in the private funds is stated in the applicable offering and governing
documents. The minimum investment size may be waived for certain Limited Partners at the Adviser’s
discretion.