Algebraic Capital Management LLC

Item 5: Fees and Compensation

       Portfolio Management Fees

       Algebraic is the manager and provides advice to a private fund. The fees that Algebraic
       receives for providing those services are set forth in the agreement between Algebraic and
       the Fund.

       Refunds for fees paid in advance, if applicable, will be refunded as disclosed in the Fund’s
       documents. Additional detail about the fees charged to an investor in such fund is
       available in the current prospectus for the fund.

       Private Funds are responsible for the payment of all third party fees (i.e. custodian fees,
       brokerage fees, accounting/audit fees, administration fees, etc.). Those fees are separate
       and distinct from the fees and expenses charged by Algebraic.

       Neither Algebraic nor its supervised persons accept any compensation for the sale of
       investment products, including asset-based sales charges or service fees from the sale of
       mutual funds.

Item 7: Types of Clients

Algebraic generally provides advisory services to the following types of clients:

       ❖       Pooled Investment Vehicles

The fund has a minimum investment commitment of $5,000,000.