SWVP Fund XIX GP LLC

Item 5 - Fees and Compensation

Per the Limited Partnership Agreement, SWVP (the General Partner of the Fund) is entitled to compensation
for its services in the form of a management fee (the “Management Fee”), payable monthly in arrears. The
management fees equal two percent (2%) per annum of total capital contributions made by the Fund’s limited
partners. Because this fee is payable regardless of the performance of the Fund, a conflict of interest may arise
because it might reduce SWVP’s and its affiliates incentive to devote time to the Fund.

As set forth in Item 6 below, SWVP is eligible to receive performance-based compensation in the form of
carried interest. The Fund’s Private Placement Memorandum (“PPM”, as supplemented from time to time)
and the Limited Partnership Agreement of the Fund includes further details on fees and compensation and
related matters.

In addition to the Management Fee and carried interest (see below), Fund investors will bear indirectly as
partnership expenses any fees and expenses charged by SWVP as General Partner and deducted directly from
the Fund. Those fees will vary, but typically include professional fees such as legal and accounting fees.

SWVP’s advisory fees and General Partner’s fees are not inclusive of all the fees and expenses that the Fund
may bear. The Fund generally must pay directly or reimburse the General Partner or its affiliates for all costs
and expenses of the Fund’s operations. The following is a list of fees and/or expenses that a Fund may pay
directly or reimburse. This list is not complete; existing investors in the Fund are advised to review the
applicable Fund PPM and Limited Partnership Agreement for a more extensive description of the fees and
expenses associated with an investment in the Fund.

     •   Organization and Offering Expenses
     •   Costs of Borrowed Money, Taxes and Assessments on Personal or Real Property and Other Taxes
         Applicable to the Fund
     •   Legal, Accounting, Audit, Brokerage Fees
     •   Fees and Expenses Paid to Independent Contractors, Mortgage Bankers, Real Estate Brokers,
         and Other Agents
     •   Books, Records and Tax Return Preparation Expenses
     •   Costs of personnel employed by the Fund and directly involved in the Fund’s business
     •   Costs of personnel employed by the General Partner or its affiliates and directly involved in one or
         more projects in the Fund’s business
     •   Regulatory Filing and Compliance Fees and Expenses
     •   Regulatory Reporting Expenses
     •   Advisory committee expenses
     •   Insurance Expenses
     •   Litigation and Regulatory Examination and Investigation Expenses
     •   Costs of Goods and Materials Used by or for the Partnership
     •   Costs of Acquiring, Owning, Developing, Improving, Operating, and Disposing of Fund Property
     •   Costs Incurred in Connection with the Development, Alteration, Maintenance, Repair, Remodeling,
         Refurbishment of Fund Property
     •   Expenses of Fund Accounting, Documentation and Reporting
     •   Expenses of Revising, Amending, Modifying or Terminating the Limited Partnership Agreement
     •   Travel Expenses
     •   Expenses of the LP Committee (see Item 8 below)

Additionally, the Fund may pay the cost of services that could be performed directly for the Fund by
independent third parties (such as, but not limited to, legal, accounting, reporting, consulting, transfer agent,
data processing and duplication services) but which are in fact performed by the General Partner or its affiliates,
but not in excess of the lesser of (i) the actual costs to the General Partner or its affiliates of providing such
services; or (ii) the amounts which the Fund would otherwise be required to pay to independent parties for
comparable services in the same geographic locale.

SWVP and its affiliates may provide property management services and those services customarily provided
for in property management agreements, development, construction management, brokerage and leasing
services (or equivalent services) to the Fund’s properties, and in each such case will be entitled to receive fees
from the Fund at competitive rates not in excess of those customarily paid for such work. SWVP may also
participate with third parties for such services, but in no event will the aggregate fee paid to SWVP, or to
SWVP and third parties for any service exceed the fair market rate for that service.

In the event that SWVP creates a parallel fund, it may elect to charge any parallel fund no or a reduced
management fee and/or carried interest or similar fee on net capital gains realized on investments made by that
parallel fund.

Item 7 - Types of Clients

As disclosed in Item 4, SWVP provides advisory services to the Fund, any future affiliated parallel funds,
feeder funds, and/or separate accounts. Investors in the Fund are subject to minimum investment amounts and
suitability requirements as set forth in the Fund PPM and organizational documents.