Republic Maximal LLC

Item 5. Fees and Compensation

   A. Republic Capital’s fees and compensation arrangement may vary among the Funds. The

       specific terms of such arrangements are established by Republic Capital and set forth in
       each Fund’s Offering Documents. Subject to limitations, the Funds shall pay a
       management fee for the investment advice and other services to be provided by Republic
       Capital.

   B. Management fees are generally either (i) paid one-time by the Fund upon each closing if
      such Fund is a single purpose investment fund or (ii) deducted from aggregated
      unreturned capital contributions on a quarterly basis for Funds which are close ended
      funds. The Firm reserves the right to alter its management fee practices. Republic Capital
      or its affiliates may waive, reduce, or modify the management fee pursuant to the relevant
      Offering Documents.

   C. In addition to the management fees described above, the Funds are responsible for certain
      offering and organizational expenses as disclosed in each respective Fund’s Offering
      Documents. The expenses borne by a Fund generally include, without limitation:
      acquisition, holding, restructuring, recapitalization and disposition of investments of the
      Fund, and legal, travel, due diligence and development expenses incurred in connection
      with such Fund’s investments, such Fund’s compliance expenses, organizing entities
      through or in which investments will be made, fees and expenses of the administrator,
      expenses incurred in maintaining the place of business of such Fund, taxes or other
      governmental charges, legal, custodial, auditing, accounting, due diligence, appraisal,
      valuation and consulting expenses (which may include expenses related to the
      engagement of one or more consultants or advisors Fund), to provide special consulting
      or advisory services in connection with one or more investments, and expenses associated
      with the preparation of the Fund’s financial statements, tax returns and other similar
      reports), costs of reporting to and holding meetings of the Fund’s partners, compensation
      paid to any advisory board, reasonable premiums for insurance protecting such the
      Funds, costs of winding up and liquidating the Fund, costs of any regulatory filings,
      regulatory reporting or other regulatory obligations of the Fund that relate to the Fund,
      including extraordinary expenses such as litigation, workout and restructuring and
      indemnification expenses, if any.
   D. The Firm will generally send a capital call for management fees quarterly in advance to
      Funds which are not SPVs. The management fee payable for any period of less than a
      full fiscal quarter shall be adjusted on a pro rata basis. SPVs are generally required to pay
      management fees in advance.

   E. Neither Republic Capital nor any of Republic Capitals’ supervised persons (“Supervised
      Persons”) will accept compensation for the sale of securities or other investment
      products.

Item 7. Types of Clients

As described above in Item 4 of this Brochure, the syndicated and pooled investment vehicles
which generally operate as exempt investment companies under the Investment Company Act of
1940, as amended, are the two primary types of clients advised by Republic Capital. These Funds
are typically limited to individuals and entities that meet the criteria of “accredited investors,”
with each of the Fund’s beneficial owners subject to Carried Interest also being “qualified clients”.

Prospective Fund investors should refer to the Offering Documents of each respective Fund for
information on minimum investment requirements. Republic Capital maintains discretion to
individually waive, increase or reduce the minimum investment required in any Fund vehicle.