SWVP Fund XVI 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 of total Capital
Commitments, calculated as follows: (i) one percent (1%) per annum of the aggregate Capital Commitments of
the Limited Partners, and (ii) one percent (1%) per annum of the aggregate funded Capital Commitments of 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.