Titan Fund Management LLC

Item 5: Fees and Compensation

The Advisers charge management fees and either they or their respective affiliates accept Carried
Interests that are based on the performance of the respective Funds they manage. Please note that
the following description of the fees and compensation of the Advisers is only a general
description, does not reflect all complexities or calculations, and must not be relied upon in
calculating the compensation of either the GPs or the Advisers. The specific terms of such
compensation are definitively set out in the Funds’ respective transaction documents.

The Filing Adviser

 Management Fee

 GP I generally receives an annual management fee (the “Fund I Management Fee”) collected
 monthly in arrears. Initially, the Fund I Management Fee was equal to 2.00% per year of capital
 commitments until the end of the commitment period (that is, the multi-year period during which
 GP I’s focus was on finding projects and investments and calling investors’ capital in order to
 make investments). After such period, the Fund I Management Fee changed to an annual rate of
 0.60% of unreturned capital contributions (that is, generally, amounts that have remained invested
 in projects and other investments). As of August 2021, all investor capital has been returned and
 GP I is no longer receiving Fund I Management Fees. GP I has assigned the Fund I Management
 Fee to the Filing Adviser.

 Carried Interest

 In addition to the Fund I Management Fee, GP I accepts a carried interest, which is based on the
 performance of Fund I (the “GP I Carried Interest”). In managing Fund I, the Filing Adviser
 may have a conflict of interest arising from its incentive to cause Fund I to make unnecessarily
 risky investments in order to generate a larger GP I Carried Interest. The Filing Adviser has sought
 to mitigate this conflict of interest by: (i) adopting investment processes and personnel oversight
 that emphasize long-term investor relationships rather than short-term accrual of the GP I Carried
 Interest; and (ii) by implementing a clawback of the GP I Carried Interest, which provides GP I a
 disincentive to take unnecessary risks because it may be responsible for returning certain amounts
 if Fund I has losses. The GP I Carried Interest generally involves the following:

   Preferred Return

   Fund I’s limited partners earn a “preferred return” on their funded but unreturned capital
   (generally, amounts that remain invested by Fund I) equal to 8.00% per annum, exclusive of
   unreturned capital used to pay for Fund I expenses, beginning at the time such funds are
   contributed by investors.

   GP I Carried Interest

   Following the payment to Fund I investors of the preferred return and the return of the amount
   of their capital contributions, GP I receives a 20.00% carried/promoted interest until such time
   that each of the Fund I investors have received a 12.00% per annum return on their unreturned
   capital contributions and then GP I receives a 50.00% carried/promoted interest.GP I or the
   Filing Adviser calculates and causes the payment by Fund I of the Fund I Management Fee and
   the allocation or distribution of the GP I Carried Interest.

Relying Adviser I

 Management Fee

 GP II generally receives an annual management fee (the “Fund II Management Fee”) collected
 monthly in arrears. Initially, the Fund II Management Fee was equal to 1.75% per year of capital
 commitments until the end of the commitment period (that is, the multi-year period during which
 GP II’s focus was on finding projects and investments and calling investors’ capital in order to
 make investments). After such period, the Fund II Management Fee changed to an annual rate
 of 1.75% of unreturned capital contributions (that is, generally, amounts that have remained
 invested in projects and other investments). GP II has assigned the Fund II Management Fee to
 Relying Adviser I.

 Carried Interest

 In addition to the Fund II Management Fee, GP II accepts a carried interest, which is based on the
 performance of Fund II (the “GP II Carried Interest”). In managing Fund II, Relying Adviser I
 may have a conflict of interest arising from its incentive to cause Fund II to make unnecessarily
 risky investments in order to generate a larger GP II Carried Interest. Relying Adviser I has sought
 to mitigate this conflict of interest by: (i) adopting investment processes and personnel oversight
 that emphasize long-term investor relationships rather than short-term accrual of the GP II Carried
 Interest; and (ii) by implementing a clawback of the GP II Carried Interest, which provides GP II
 a disincentive to take unnecessary risks because it may be responsible for returning certain amounts
 if Fund II has losses. The GP II Carried Interest generally involves the following:

   Preferred Return

   Fund II’s limited partners earn a “preferred return” on their funded but unreturned capital
   (generally, amounts that remain invested by Fund II) equal to 8.00% per annum, exclusive of
   unreturned capital used to pay for Fund II expenses, beginning at the time such funds are
   contributed by investors.

   GP II Carried Interest

   Following the payment to Fund II investors of the preferred return and the return of the amount
   of their capital contributions, GP II receives a 20.00% carried/promoted interest until such time
   that each of the Fund II investors have received a 12.00% per annum return on their unreturned
   capital contributions and then GP II receives a 50.00% carried/promoted interest.

GP II or Relying Adviser I calculates and causes the payment by Fund II of the Fund II
Management Fee and the allocation or distribution of the GP II Carried Interest.

Relying Adviser II

Management Fee

 GP III will generally receive an annual management fee (the “Fund III Management Fee,” and
 together with the Fund I Management Fee and Fund II Management Fee, the “Management
...

Item 7: Types of Clients

The Filing Adviser currently offers investment advisory services only to Fund I. Fund I is a private
investment pool that is not registered as an investment company with the SEC and invests primarily
in real estate-related assets. Fund I investors are required to review various offering materials, sign
subscription documentation, and take other required steps. No offering of Fund I’s securities is
made by this Brochure. The Filing Adviser may, but does not undertake to, offer other funds or
investment advisory services in the future.

Relying Adviser I currently offers investment advisory services only to Fund II. Fund II is a private
investment pool that is not registered as an investment company with the SEC and invests primarily
in real estate-related assets. Fund II investors are required to review various offering materials,
sign subscription documentation, and take other required steps. No offering of Fund II’s securities
is made by this Brochure. Relying Adviser I may, but does not undertake to, offer other funds or
investment advisory services in the future.

Relying Adviser II currently offers investment advisory services only to Fund III. Fund III is a
private investment pool that is not registered as an investment company with the SEC and intends
to invest primarily in real estate-related assets. Fund III investors will be required to review various
offering materials, sign subscription documentation, and take other required steps. No offering of
Fund III’s securities is made by this Brochure. Relying Adviser II may, but does not undertake to,
offer other funds or investment advisory services in the future.