Alan W Weber

Item 5 – Fees and Compensation

A.     Fee Schedule
The fees and compensation payable to JB Capital are negotiable and vary among its Clients.
However, the range of compensation is generally as follows:
       1.      Management Fee
The Firm does not receive management fees from the Fund.
       2.      Performance-based Fees
From the Fund, JB Capital generally receives an allocation equal to a percentage of the net
income allocated to each Investor for the year, but only to the extent net income allocated to
that Investor exceeds any cumulative losses that were allocated to that Investor for earlier
periods and that have not been recovered (a “high water mark”). This allocation is generally
equal to 20% of the excess of net profits of an Investor’s account and is typically made at the
end of each calendar year.
The allocation will only be charged to accounts of those Investors who are “qualified clients”
as defined in Rule 205-3 of the Investment Advisers Act of 1940, as amended (“Advisers Act”),
in accordance with applicable state law.
       3.      Fee Comparison
Client expenses, including any performance-based fees, may constitute a higher percentage
of average net assets than could be found in other investment programs.
B.     Payment of Fees
Performance-based fees, and third-party fees (discussed below) are deducted from Client
assets. Performance-based fees are determined as of the last business day of the calendar
year and as of any date on which an Investor makes a withdrawal or receives a distribution
from such Investor’s capital account.
C.     Third-Party Fees
Clients shall pay such costs and expenses as JB Capital shall reasonably determine to be
necessary, appropriate, advisable or convenient to carry on its business and realize its
objective, including but not limited to: (i) all general investment expenses (i.e., expenses
which JB Capital reasonably determines to be directly related to the investment of the Client’s
assets); (ii) all administrative, legal, accounting, auditing, record-keeping, tax form
preparation, compliance and consulting costs and expenses; (iii) fees, costs and expenses of
third-party service providers that provide such services; and, (iv) any extraordinary
expenses, among other expenses.
JB Capital’s fees are exclusive of brokerage commissions, transaction fees, and other related
costs and expenses which shall be incurred by the Clients. Such charges, fees and

                                                                                Part 2A of ADV:
                                                                   JB Capital Partners Brochure

commissions are exclusive of and in addition to JB Capital’s performance-based fees, and JB
Capital shall not receive any portion of these commissions, fees, and costs.
Please see Item 12 of this Brochure regarding brokerage.
D.     Prepayment of Fees
 JB Capital generally requires Fund Investors wishing to withdraw amounts from their capital
accounts 90 days written notice for the last business day of the second or fourth quarter of
any given year and does not permit withdrawals on any other date. Any applicable
performance-based fees will be calculated at the time of withdrawal or closure, and deducted
from the proceeds.
E.     Outside Compensation for the Sale of Securities
Neither JB Capital nor its supervised persons accept compensation for the sale of securities
or other investment products outside of its association with JB Capital.
The foregoing discussion in Items 5 represents JB Capital’s basic compensation
arrangements. The fees and allocations described above are structured to comply with
Rule 205-3 under the Advisers Act and applicable state laws. Fees and other
compensation are negotiable in certain circumstances and arrangements with any
particular Investor may vary. Although JB Capital believes its fees are competitive,
lower fees for comparable services may be available from other investment advisers.

Item 7 – Types of Clients

JB Capital provides investment advice and management to pooled investment vehicles (other
than investment companies). It may in the future provide the same or similar services to
other privately placed investment funds.
JB Capital intends to restrict the number of Investors in the Funds and will offer Interests
only through non-public transactions in order to maintain their exclusion from “investment

                                                                                  Part 2A of ADV:
                                                                     JB Capital Partners Brochure

company” status under the Investment Company Act of 1940, as amended (the “Investment
Company Act”).
Prospective Investors in the Funds must meet eligibility criteria, and are subject to certain
withdrawal requirements and limitations. Prospective Investors are encouraged to
thoroughly review a Fund’s Governing Documents, which set forth all of the terms in detail.
Though the Clients generally pursue the same strategy, offering terms may differ.
Each Investor generally must be an “accredited investor” (as defined in Regulation D under
the Securities Act of 1933), or a “qualified purchaser” (as defined in Section 2(a) (51) of the
U.S. Investment Company Act of 1940, as amended), and must meet other criteria as specified
in the Governing Documents. The minimum initial investment is $200,000, subject to waiver
at the discretion of JB Capital.