Accel Fund Services LLC

Item 5 – Fees and Compensation

The annual management fee for separately managed accounts, and for funds that Accel
serves as Investment Advisor, ranges from 0.40 to 2.15%. Fees are based on the fair
market value of the assets under management in the Account and are charged on a pro rata
basis, monthly or quarterly in arrears or in advance based on the asset valuation at end of
the prior calendar month or quarter. The fee can be deducted from the client’s account or
billed directly to the client. Upon termination of the Investment Advisory Agreement, the
client is entitled to a pro rata refund of any prepaid Advisory fees based on the number of
days remaining in the quarter following termination. This fee does not include the fees of
the Custodian or service provider expenses. Most of the Fund management fees charged
are paid to the Fund Sub-Adviser at an amount negotiated between Accel and the Sub-
Adviser.

Please see offering memorandum of Funds Accel has to offer for more detailed discussions
of risk.

Item 7 – Types of Clients

Accel provides investment advisory and administrative services to individuals, high net
worth individuals, corporations, limited partnerships, private investment funds,
segregated account assets of insurance companies, pension and profit sharing plans,
trusts, endowments and others U.S. and international institutions. Investment advice is
provided directly to clients or through third party registered investment advisers and
their representatives.

The Minimum Account investment is $500,000, and is negotiable. For accounts that are
invested exclusively in mutual funds, the minimum is $50,000.