SWVP Fund XV GP LLC

Item 5 - Fees and Compensation

Per the Fund Documents, SWVP (the General Partner of the Fund) is entitled to compensation for
its services in the form of an annual management fee (the “Management Fee”), payable monthly in
arrears. In general, the management fees with respect to the Fund will vary based upon the aggregate
level of capital commitments or the capital funded in the Fund. The Fund management fee will not
exceed two percent (2%) per annum total Capital Commitments, calculated as follows: (i) one
percent (1%) per annum of the aggregate unfunded Capital Commitments made by the Limited
Partners, and (ii) two percent (2%) per annum of the aggregate funded Capital Commitments made
by the Limited Partners.

The 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, 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 Funds may bear. A 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
a 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.

   •   Organizational and Offering Expenses
   •   Legal, Accounting, Audit, Brokerage Fees
   •   Fees and Expenses Paid to Independent Contractors, Mortgage Bankers, Real Estate
       Brokers, and Other Agents
   •   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
   •   Books, Records and Tax Return Preparation Expenses
   •   Regulatory Filing and Compliance Fees and Expenses
   •   Regulatory Reporting and Examination Expenses
   •   Advisory committee expenses
   •   Insurance Expenses
   •   Litigation Expenses
   •   Technology Expenses

    •   Due Diligence Expenses
    •   Travel Expenses
    •   Custodial Fees

Additionally, a Fund may pay the cost of services that could be performed directly for the Fund by
independent third parties, but which are in fact performed by the General Partner or its affiliates.
Investors in a Fund are allocated their pro rata share of such additional fees and expenses for the
time period they are invested in the Fund.

We and our affiliates may also receive and pay property management fees, acquisition fees, company
advisory fees and similar fees for arranging acquisitions from persons in which the Funds acquire or
hold investments. Any “break-up” or other similar fees received by us or our affiliates in connection
with any potential investment may be treated like additional fees.

Item 7 - Types of Clients

As disclosed in Item 4, Adviser exclusively provides advisory services to a Private Equity Real
Estate Fund, any future affiliated Parallel Funds, Sidecar Funds and Special Purpose Investment
Funds related to the Fund. Investors in the Fund are subject to minimum investment amounts and
suitability requirements as set forth in the Fund PPM and organizational documents.