TA Realty LLC

Item 5. Fees and Compensation

Management Fees, Performance Allocations and Transaction Fees

TA Realty receives an ongoing management fee from each Fund and for certain of its Funds, the Fund’s general
partner (TA Realty affiliate) receives a performance allocation as set forth in the Governing Documents for each such
Fund. While compensation is generally not negotiable, under certain circumstances, TA Realty may, in its discretion,
waive or reduce the management fees or performance allocations with respect to certain investors, including, but not
limited to, “friends and family” investors, affiliates and employees (and their families) of TA Realty. Further, in certain
circumstances, financial accommodations to certain investors may be offered or negotiated where permissible under
applicable laws (including, without limitation, tax laws and regulations). With respect to its Non-Fund Clients, TA
Realty receives management fees, transaction fees and/or performance-based fees or allocations, as applicable, that
are negotiated on a client-by-client basis. See Item 6 below for additional information regarding TA Realty’s

Item 7. Types of Clients

As discussed in Item 4, TA Realty advises the Funds and Non-Fund Clients. Non-Fund Clients and Fund investors are
primarily sophisticated U.S. and non-U.S. institutional investors, including pension and profit-sharing plans, state and
municipal retirement plans (including government pension plans), business entities, and foundations and endowments,
as well as family offices/trusts and high net worth individuals that meet certain investment qualifications.

The minimum investment requirements for investors in Funds advised/managed by TA Realty is typically $5 million
per investor, although TA Realty reserves the right to accept investments of a lesser amount. Capital requirements to
establish a Non-Fund Client account are determined by TA Realty on a case-by-case basis.