Maven Royalty Partners LLC

ITEM 5 - FEES AND COMPENSATION

Management Fees

The Funds generally pay the General Partner an advisory fee (“Management Fee”), payable in
advance quarterly. The Management Fee shall be an amount equal to (i) during the Investment
Period, 1.75% of the total Capital Commitments of the Limited Partners, and (ii) from and after the
Investment Period, 1.5% of the lesser of (A) Total Capital Commitments, or (B) Invested Capital
Base. Additional information regarding Capital Commitments and the Investment Period can be
found in the Offering Documents.

Expenses

The Funds pay their own organizational expenses, subject to a maximum amount; organizational
expenses paid in excess of this amount are offset against the Management Fee.

The Funds pay all other costs, expenses, fees and liabilities that are incurred by, or arise out of the
operation and activities of the Funds (or any other person wholly owned by the Funds), as determined
by the General Partner in its discretion, including: (a) the Management Fee, (b) fees and expenses
related to investments or proposed investments, including costs, taxes, expenses, fees and liabilities
incurred relating to the sourcing, evaluation, acquisition, holding, managing, improving, developing,
redeveloping, renovating, leasing, financing, refinancing, and disposition and hedging thereof
(including all reasonable travel, meal and entertainment expenses associated therewith, capital
expenditures, environmental, property management, engineering, valuation and appraisal services in
connection therewith and insurance premiums related thereto, as well as expenses related to any
software purchased or used on behalf of the Funds for the evaluation or analysis of any investments
or proposed investments), to the extent that such fees and expenses are not reimbursed by a third

person; (c) legal, custodial and accounting expenses, including expenses associated with the
preparation of financial statements, tax returns and Schedules K-1 and the representation of the Funds
or the Funds’ partners in tax matters, and expenses related to any accounting software purchased or
used on behalf of the Funds in connection with same; (d) auditing, accounting, banking and
consulting expenses; (e) expenses of the Limited Partner Advisory Committee (“LPAC”); (f)
expenses related to organizing subsidiaries of the Funds or their investments; (g) costs and expenses
that are classified as extraordinary expenses under generally accepted accounting principles; (h)
premiums and fees for insurance to benefit, directly or indirectly, the Funds and subsidiaries of the
Funds and their investments, the holders of interests therein, or the General Partner or any of its
affiliates with respect to liabilities to any person in connection with the affairs of such entities and
for directors’ and officers’ liability insurance or other similar insurance policies, including errors and
omissions insurance and financial institution bond insurance; (i) real estate and other taxes and other
governmental charges, fees and duties; (j) costs of reporting to regulatory authorities (including,
without limitation, Form PF, Form ADV, and Form BE-10) and to partners and Investors; (k) costs
of meetings of partners and Investors; (l) repayment of amounts borrowed or guaranteed (together
with any interest and other amounts payable thereon) by the Funds; (m) sales, leasing and brokerage
commissions, development fees, loan servicing fees, custodial expenses and other costs incurred in
connection with investments; (n) costs of amending the Offering Documents and other Fund
documents (including legal fees); and (o) costs of dissolution and winding up.

ITEM 7 - TYPES OF CLIENTS

Maven’s clients are the Funds, which are operated as private funds exempt from registration under
the Investment Company Act of 1940, as amended (the “Investment Company Act”). An investor in
either Fund must be an “accredited investor” within the meaning of Rule 501 of Regulation D under
the Securities Act of 1933, as amended. The minimum initial investment in the Funds is generally
$1 million; however, the General Partner may, in its sole discretion, permit investments below the
minimum amount.