Resilient Capital Management LLC

ITEM 5. FEES AND COMPENSATION

RCM is entitled to receive fees and other compensation as set forth in Fund governing documents.
Compensation provisions vary for each Fund. Investors should review the governing documents of each
Fund for detailed information about fees, other compensation, and expenses. RCM may enter into side
letters or other agreements with investors that provide for different fees or compensation.

Fund Management Fees
The Firm charges management fees (“Management Fees”) to each Fund for investment advisory services.
The Management Fee ranges from 1.5% to 2.0% of committed capital per annum Management Fees are
payable quarterly in advance.

Performance Allocation
An affiliate of the Firm of each Fundis entitled to a performance allocation (“Performance Allocation”)
from each respective Fund. The Performance Allocation is 20.0% after investors receive their capital
invested plus an 8.0% internal rate of return hurdle rate. This includes full Manager catch-up.

Expenses
The Funds are responsible for various expenses as set forth in each Fund’s governing documents, and
investors should refer to such documents for detailed information regarding such expenses. In general, the
Funds are subject to all expenses related to Fund operations, including a) fees, costs and expenses incurred
in connection with investments or potential investments and the identification, evaluation, acquisition,

development, ownership, sale, hedging or financing of any investment or potential investment, including
expenses incurred in evaluating potential investments that are ultimately not pursued; b) the cost of
preparing Fund financial statements, tax returns and Schedule K-1s; c) audit fees and expenses; d) custodial
fees; e) taxes and other governmental fees and charges; f) expenses incurred in connection with any
indebtedness entered into by the Fund; g) expenses of the Board of Directors, Advisory Committees, and
annual investor meetings; h) applicable research reports; i) insurance expenses; j) travel expenses, which
may include commercial, business class or private travel expenses; k) litigation and indemnification
expenses; l) administrative expenses; m) extraordinary expenses; and n) such other expenses as are
established in Fund governing documents or disclosures. Funds are also responsible for offering and
organizational costs to the extent permitted by Fund governing documents.

The Funds pay expenses directly or indirectly and reimburse RCM for eligible Fund expenses. Expenses
are incurred by or relate to more than one Fund and/or RCM. The Firm attempts to allocate aggregate costs
or expenses among applicable Funds (and, in certain cases, among RCM, affiliates of RCM and applicable
Funds) in a fair and equitable manner based on the nature of the product or service and relative benefit
derived by the applicable Fund or entity. However, expense allocation determinations can involve potential
conflicts of interest, and the portion of a common expense that the Firm allocates to a Fund may not reflect
the relative benefit derived by such Fund from that product or service in any particular instance. The Firm’s
expense allocations often depend on inherently subjective determinations and, accordingly, expense
allocations made by the Firm in good faith generally will be binding and final on each Fund.

The foregoing list is not intended to be exhaustive and is qualified in its entirety by the applicable governing
documents of each Fund. The Firm discloses certain information about the amount and nature of Fund
expenses in Fund financial statements, capital call notices and other investor communications. However,
investors do not receive detailed information regarding specific expenses paid by a Fund or its subsidiaries.
The investment strategies the Firm employs for the Funds generally do not involve the purchase or sale of
publicly offered securities, and as such, do not typically entail expenses related to brokerage commissions,
but the Firm expects any securities brokerage commissions that may be incurred in the future on behalf of
the Funds to be at market rates. To the extent applicable, the Funds will be responsible for and pay any of
their respective custodial fees and expenses. See Item 12 below.

An affiliate of RCM, Resilient Marinas, LLC (“RM”), is compensated for certain services rendered to
property level ventures in which Fund II has an equity interest. Asset management fees can be charged by
RM to these property level ventures. This will not exceed 2% of revenue generated at the property level
venture. RM may be engaged as the property manager for property level ventures. The property
management fee can be up to 6% of property level revenues. If RM serves as the property manager, an
asset management fee will not be charged to the property level venture.

ITEM 7. TYPES OF CLIENTS

RCM provides investment advisory services to pooled investment vehicles that invest directly or indirectly
in marinas or marina related assets.

Each investor must satisfy accredited investor and/or qualified purchaser eligibility requirements outlined
in the offering documents or otherwise required by applicable laws. Investment in the Funds is subject to
minimum initial investment amounts per investor, which may be waived at the discretion of RCM.