Realization Capital Partners Management LLC

Item 5 – Fees and Compensation

All Investors and prospective Investors in the Private Funds should review the relevant PPM, LPA, and /
or other governing documents in conjunction with this Brochure for further information regarding fees and
compensation or expenses. The following is subject in its entirety to the information provided in such
Fund offering documents. Lower fees for comparable services may be available from other sources.

Fees
Private Funds pay an annual management fee based on the Private Fund’s invested capital or capital
commitments. The fee is between 1.00% to 2.00% annually on capital commitments or capital invested in
portfolio positions during the investment period of the Private Fund. The precise amount of, and the
manner and calculation of, the management fees for each Private Fund are established by its General
Partner and are set forth in such Private Fund’s organizational documents. The management fees and
other fees and distributions described herein are generally subject to modification, waiver or reduction by
the respective General Partner in its sole discretion, both voluntarily and on a negotiated basis with
selected investors, which may not be disclosed to other investors in the same Private Fund. The fee
structures described herein may be modified from time to time. Fees may differ from one Private Fund to
another, as well as among investors in the same Private Fund. The annual management fee is charged
on a quarterly basis.

All fees are deducted directly from the respective Private Fund. Each Private Fund will set forth its
specific fee structure in its applicable PPM or similar documents/disclosures.

Realization Capital Partners Management LLC         Page 5                      Form ADV Part 2A: Firm Brochure

In addition to the annual management fee, our affiliated companies that serve as general partners of the
Private Funds also receive a performance-based fee as described below in Item 6 – Performance Based
Fees and Side-by-Side Management.

Expenses
Private Funds will incur other expenses (in addition to the fees paid to Realization Capital Partners
Management as described above and the performance-based fee described in Item 6 – Performance-
Based and Side-by-Side Management below).

The General Partner of the Private Fund will subcontract administrative services for the Private Fund to
the Manager, and the Manager will pay all of its own normal operating expenses incidental to the
provision of the day-to-day administrative services to the Private Fund, including its own overhead. As
appropriate, third-party costs will be charged to portfolio properties. Private Funds will pay all costs,
expenses and liabilities in connection with its organization (subject to limitations in each Private Fund’s
governing documents) and operations, including: fees, costs and expenses related to the purchase,
holding and sale of portfolio investments (to the extent not reimbursed), taxes, fees and expenses of
accountants and counsel, regulatory compliance expenses, costs and expenses of annual meetings;
management fees; litigation expenses, and other extraordinary expenses. Private Funds also bear third-
party expenses incurred in connection with transactions not consummated.

Termination of Services
Our Private Fund management services will be terminated automatically in the event that a Private Fund
is dissolved or terminated. In addition, services may be terminated in their entirety by the General Partner
(or equivalent) of a Private Fund at any time within the specified advance notice period outlined in our
management agreement. In the event services are terminated, we will receive a pro-rated final fee
charged, based on the number of days services are provided during the final billing period.

Item 7 – Types of Clients

Currently, our Private Funds include Realization Capital Partners I, L.P. and Realization Capital Partners
II, L.P.
Investors in the Private Funds can include:

                 multi-family offices, family offices and high net worth individuals;
                 governmental plans, state pension and permanent funds, sovereign wealth funds;

                 private retirement plans, corporate pensions, multi-employer pensions;

                 financial institutions and other institutional clients; and

                 foundations, endowments and other charitable organizations.
We generally will require a minimum commitment from each Investor as set forth in the applicable PPM,
though we reserve the right to waive this minimum on a case-by-case basis. Investors in the Private
Funds must be sophisticated in financial matters and be “accredited investors” as defined in Regulation D
under the Securities Act of 1933, as amended. Investors in Realization Capital Partners II, L.P. must all
be qualified purchasers, a higher standard than required in Regulation D under the Securities Act of 1933.

Realization Capital Partners Management LLC            Page 7                       Form ADV Part 2A: Firm Brochure