Sahara Investment Group LLC

Fees and Compensation
Advisory Fees for Family Office

Sahara receives Advisory Fees as compensation for providing investment advisory and wealth
management services. Fees are generally billed quarterly (the “billing period”), either in advance
or in arrears, as specified in each Client’s engagement agreement. Advisory fees are typically
calculated based on the market value of the assets under management as of the last day of the
prior quarter or billing period, using valuation methodologies appropriate to the account. Fee rates
may differ among Clients based on factors such as the aggregate assets under management, the
complexity of the services provided, and the overall relationship with the Advisor. Clients should
refer to their engagement agreements for complete information regarding applicable fees and
compensation.

The Advisor may charge a fixed fee to Clients, depending on the scope of the engagement, as
outlined in each Client’s engagement agreement.

Management and Performance Fees (for Private Funds):

The Advisor will be paid a Management Fee based on capital commitments and capital
contributions. Sahara REIT will be required to pay the Management Fee regardless of the
performance of the Real Estate Loans and Assets. The precise amount of, and the manner and
calculation of the Management Fees for each Fund are established by the Advisor and are set forth
in such Fund’s governing documents. Management Fees are payable quarterly in advance, and for
some Funds the Management Fee is amortized monthly over the fiscal quarter.

In addition to the Management Fee, Sahara is eligible to receive an incentive allocation (“carried
interest”), payable to the General Partner (Sahara Investment Company II, LLC), as described in
the governing documents and deducted from the Fund’s distributable proceeds. The incentive
compensation is generally dependent on the Investment Fund’s performance, a percentage of the
amount of profits otherwise distributable to investors. Each Investor should refer to the governing
documents for specific details on the applicable fees and incentive allocation calculation
methodology.

To the extent that over the term of the Fund(s), the General Partner has received distributions with
respect to its Carried Interest exceeding the stipulated share of Fund(s) distributions set forth in the
Fund(s) Agreement, the General Partner will be liable to return 100% of any such excess
distributions received by it to the Fund(s), for distribution to the Partners, at the end of the Fund(s)’
term.

The incentive allocation will only be charged to accounts of those Investors who are “qualified
clients” as defined in Rule 205-3 of the Investment Advisers Act of 1940 (the “Advisers Act”).

Fees and other compensation are negotiable in certain circumstances and arrangements with any
particular Investor may vary. Although Sahara believes its fees are competitive, lower fees for
comparable services may be available from other investment Advisors.

The Advisor is responsible for its own general operating and overhead expenses associated with
providing investment management services to the Investment Fund(s), including, but not limited to,
salaries and other compensation payable to the Advisor’s employees, offices expenses, travel
expenses and all expenses related to the marketing of the Investment Fund(s).

Cash Flows:

Subject to reinvestment of Principal Repayment Amounts, the Fund(s) will receive distributions of
cash flow from Sahara REIT after distribution to preferred equity holders of any accrued and unpaid
preferred returns. The Fund(s)’ net cash flow will be determined quarterly by the General Partner
and distributed to the Partners. An amount equal to the sum of (x) such net cash flow and (y) the
aggregate Management Fees paid by Sahara REIT since the last Fund(s) distribution will first be
apportioned among the Limited Partners in accordance with their respective percentage interests;
and (ii) second, the Management Fees actually paid with respect to each such Limited Partner for
the applicable period will be subtracted from the amount apportioned to such Limited Partner to
determine the amount of Net Cash Flow allocable to each such Limited Partner.

In addition to cash distributions, the Company’s Board of Managers may authorize special
dividends or special distributions of other securities to the Fund(s), in which case the Fund(s) might
distribute assets other than cash. The Company is not prohibited from distributing such other
securities in lieu of making cash distributions to members, and the Fund(s) is not prohibited from
distributing such non-cash assets, provided that the securities (excluding the Company’s
membership interests) distributed to members are readily marketable. The receipt of marketable
securities in lieu of cash distributions may cause the Fund(s) or holders of Interests to incur

transaction expenses in liquidating the securities and taxes due upon the distribution. The Company
and the Fund(s) do not have any current intention to list their membership interests on a national
securities exchange, nor is it currently expected that a public market for the membership interests
of the Company or the Fund(s) will develop.

Fees, Costs and Expenses:

The General Partner, the Advisor and/or their respective affiliates may be reimbursed by the Fund(s)
for ongoing Fund(s) expenses which they incur on behalf of the Fund(s), which include, but are not
limited to: legal, accounting, the cost of preparing and distributing the Fund(s)’ financial
statements, tax returns and K-1s, the cost of annual audits, custodial fees, insurance, litigation and
indemnification expenses, taxes and other governmental fees and charges, expenses incurred in
connection with indebtedness to a credit facility entered into by the Fund(s), expenses of the
Advisory Board, and other expenses associated with identifying, structuring and negotiating any
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Types of Clients

Sahara provides discretionary investment management services to a private real estate credit fund
and discretionary and non-discretionary services to family office clients served through affiliated

relying advisors. The Advisor may also sponsor and manage additional private funds with different
investment strategies as the business expands. In addition, the Advisor may manage other private
investment vehicles, as permitted by applicable agreements and client requirements.

Interests in the Fund(s) are offered in reliance on exemptions from registration under the Securities
Act of 1933, including Regulation D. Accordingly, Interests are offered and sold only to investors
who satisfy the applicable eligibility standards, such as ‘accredited investors,’ and to certain
non-U.S. persons where permitted. The current Fund relies on the exemption from investment
company registration under Section 3(c)(5) of the Investment Company Act of 1940, which does
not impose specific investor qualification requirements but instead requires the Fund to satisfy
certain asset-composition tests.

The minimum capital commitment required of each Investor in the private fund is typically
$250,000, although Sahara reserves the right to accept capital commitments of lesser amounts.

Sahara does not currently provide advisory services to separately managed accounts (as that term is
used in Form ADV).

This firm Brochure is not an offer to invest in our Funds.