Cache Advisors

Not included above

• • The Funds will pay or reimburse Cache or the Managers (or any affiliates thereof) and any third parties acting at the direction of the Managers for all expenses that relate to the operation of the Funds and their investments, including but not limited to: Cache’s advisory fees
• • All expenses incurred in connection with the selection, purchase, sale or structuring of securities and other investments (including Qualifying Assets, as defined below), due diligence costs, deposits, third-party legal, directors, compliance, accounting, audit, administration, consulting and other professional fees (including due diligence in connection therewith), insurance, information services, software, research related to investments (to the extent not paid with commissions, pursuant to Section 28(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), generated through the trading activities of the Funds and other accounts and additional funds managed by Cache, if applicable, and other investment or disposition costs (to the extent not subject to reimbursement), whether or not any such investment is acquired
• • All expenses incurred in connection with the carrying or management of investments, insurance, custodial fees, interest and commitment fees on debit balances or borrowings, stock borrowing fees and proxy solicitation expenses, trustee, record keeping (including preparation of financial statements), and the costs and expenses of preparing and circulating reports and any fees or imposts of a U.S. or non-U.S. governmental authority imposed in connection therewith (including imposts or other U.S. or non-U.S. governmental or regulatory expenses of Cache, the Managers, or their affiliates) and other routine administrative expenses of the Funds or their subsidiaries, including, but not limited to, the cost of the preparation of applicable tax returns of the Funds, blue sky and filing fees and other administrative fees (including fees and expenses of the Fund’s administrator)
• • Costs and liabilities (including damages) incurred in connection with any costs and expenses of any litigation, investigation or regulatory, self-regulatory, governmental or legal inquiries involving the Funds’ activities (whether or not threatened or pending) and the amount of any judgment or settlement paid in connection therewith, indemnification expenses (including without limitation indemnification expenses relating to independent investor representatives or legal counsel, valuation agents or other service providers engaged by or on behalf of independent investor representatives), and insurance expenses (including premiums)
• • All taxes (other than taxes specifically attributable to any specific investors(s)), fees and other related charges payable by, or otherwise imposed on the Funds, expenses incidental to the transfer, servicing, management and accounting for the Funds’ cash and securities, including all charges of depositories and custodians, and all expenses incurred by the “partnership representative” (as described in U.S. Internal Revenue Code of 1986, as amended (the “Code”) Section 6223) of the Funds (or their subsidiaries)
• • Communication expenses including, without limitation, costs associated with preparation and delivery of reports, financial statements, tax returns, and Schedule K-1s and Schedule K-3 to IRS Form 1065 to investors
• • All principal, interest, expenses and fees incurred in connection with any indebtedness of the Funds or other credit arrangement
• • Fees of third-party professionals and service providers providing services to the Funds, whether to the Funds directly or on behalf of the Funds’ investments, such as legal, compliance, accounting, audit, administration, consulting, valuation, escrow agent, or audit and tax return preparation, expenses incurred in connection with any restructuring or amendments to the constituent or offering documents of the Funds and their affiliates, and the solicitation of any investor consent
• • Fees (which may include ongoing fees or ad hoc fees for specific engagements) and expenses of independent investor representatives and meetings thereof (including certain fees and expenses with respect to legal counsel, valuation agents or other service providers engaged by or on behalf of independent investor representatives (if any))
• • additionally, the Funds pay or reimburse the Managers and any third parties acting at the direction of the Managers for liquidation costs, fees, and expenses incurred by the Managers, Cache, or their affiliates in connection with the liquidation of the Funds at the end of their terms, specifically including, but not limited to, legal and accounting fees and expenses
• • Any extraordinary expenses and all other expenses incidental to the operation of the Funds and their subsidiaries. Cache Securities may receive a fee if investors liquidate their interest prior to 7 years as discussed more fully in the Governing Documents. Cache Securities also received administrative support fees for the administrative services they provide Cache Advisors.