Resource Land Holdings LLC

Item 5: Fees and Compensation

RLH provides investment advisory services to the Fund pursuant to an investment advisory
agreement (the “Agreement”). The Agreement, along with the Governing Fund Documents, set forth
the RLH entity which receives management or similar fees in connection with the investment
advisory services provided by the Advisor to the Fund.

As its compensation for management services, RLH (or a designated affiliate) will be entitled to
receive an annual management fee (the “Management Fee”), payable monthly in arrears, equal to
2% of (a) the Commitments, during the Fund’s investment period, and (b) the aggregate capital
contributions, less (i) distributions constituting a return of capital with respect to investments which
have been disposed of and (ii) permanent write-downs and write-offs, for the remainder of the term
of the Fund.

RLH, to the extent permissible by the Governing Fund Documents, reserves the right to waive or
reduce Management Fees for certain Investors, including employees, a limited number of strategic
partners, consultants and others as may be determined in RLH’s sole discretion.

The General Partner of the Fund is also eligible to receive an allocation of carried interest. The
Governing Fund Documents include further details on fees, compensation and related matters.

Form ADV Part 2 Brochure

RLH’s incentive compensation in the Fund’s profits creates an incentive for RLH to make
more speculative investments on behalf of the Fund than it would otherwise make in the absence
of any incentive compensation. As is the case with Management Fees, RLH, to the extent
permissible under the Governing Fund Documents, reserves the right to waive or reduce the
incentive fee for certain Investors, including employees, a limited number of strategic partners,
consultants and others as may be determined in RLH’s sole discretion.

All other fees, including directors’ fees, commitment fees, break-up fees, monitoring fees, success
fees and other similar remuneration, paid in connection with the Fund’s investments to RLH, its
affiliates or any employee of RLH, net of expenses, will be 100% offset against future Management
Fees. Any reimbursement of the Advisor, its affiliates or any employee of the Advisor for out-of-
pocket expenses incurred in connection with any Fund investment will not offset the Management
Fee.

The Fund shall pay all organizational expenses incurred in connection with the formation of the Fund
and the General Partner, the offering and sale of limited partner interests in the Fund and the
negotiation, execution and delivery of the Partnership Agreement, including legal, accounting,
consulting, marketing, mailing, travel and other start-up costs and expenses. The General Partner
will bear the cost (through an offset against Management Fees or otherwise) of any organizational
expenses in excess of $600,000 and any placement fees payable to any placement agent in connection
with the formation of the Fund. Limited Partners will not bear any such excess expenses or placement
fees.

RLH or its affiliates shall be responsible for all normal administrative and overhead expenses of the
Advisor and General Partner, including: all salaries, bonuses, benefits and expenses of the Advisor’s
employees; office expenses; and office and equipment rental. In addition to the Management Fee,
the Fund will be responsible for all other costs and expenses of the Fund that are not reimbursed by
third parties, including legal, auditing, consulting, financing, accounting and custodian fees and
expenses; expenses associated with the Fund’s financial statements, tax returns and Schedules K-1;
expenses of any Advisory Board; insurance; other expenses associated with the identification,
investigation, acquisition, holding and disposition of its investments, including travel and
entertainment expenses of the Advisor’s employees incurred in investigating and evaluating
investment opportunities (whether or not consummated) for, and managing investments of, the Fund;
the costs of unconsummated investments and extraordinary expenses (such as litigation, if any); and
any taxes, fees or other governmental charges levied against the Fund.

RLH engages real estate or mortgage loan brokers as well as securities brokers from time to time.
Fees associated with any brokers will be paid by the Fund.

Investors are encouraged, to the extent practicable, to inquire about and review all fees charged by
RLH and others to fully understand the total amount of fees to be paid by the Fund and, indirectly,
its Investors.

Item 7: Types of Clients

RLH provides investment management and advisory services to the Fund directly, subject to the
direction and control of the affiliated General Partner of the Fund, and not individually to the
Investors. Investors in the Fund may include, but are not limited to, high net worth individuals,
pension plans (corporate, state and foreign), endowments, foundations, other pooled investment
vehicles (e.g., funds-of-funds), trusts, estates or charitable organizations, and corporate or business
entities. The Fund is not registered under the Investment Company Act, in reliance on an appropriate
exemption.

The minimum commitment for an Investor is outlined in the Governing Fund Documents;
however, the General Partner maintains discretion to accept less than the minimum investment
threshold. Investors are required to meet certain suitability qualifications, such as being an
“accredited investor” within the meaning set forth in Rule 501(a) of Regulation D under the
Securities Act. Also, Investors are required to make certain representations when investing in the
Fund, including, but not limited to that (i) they are acquiring an interest for their own account, (ii)
they received or had access to all information they deem relevant to evaluate the merits and risks of
the prospective investment and that (iii) they have the ability to bear the economic risk of an
investment in the Fund. Details concerning applicable Investor suitability criteria are set forth in the
Governing Fund Documents and subscription materials, which are furnished to each Investor, or
may otherwise be provided to RLH at the time of investment.

The General Partner or the Fund may enter into other written agreements (“Side Letters”) with one
or more Investors. Such Side Letters may entitle an Investor to make an investment in the Fund on
terms other than those described in the Partnership Agreement. Any such terms, including with
respect to (i) confidentiality, (ii) regulatory matters, (iii) reporting obligations, (iv) transfer to

Form ADV Part 2 Brochure

affiliates or (v) any other matters described therein, may be more favorable than those offered to
any other Investors.