Appomattox Advisory Inc

ITEM 5 - FEES AND COMPENSATION

   Appomattox charges the Funds and our OCIO Clients the following types of fees: 1) asset-based fees,
   2) fixed fees, 3) performance (“incentive”) fees or 4) a combination of the above.

   Fees for OCIO Clients:
   For investment management services, fees and expenses are generally assessed depending upon the
   size of mandate, type of strategy and unique features of the account. OCIO Clients are generally
   charged an asset-based fee on a quarterly basis. OCIO Clients may pay fees in advance depending on
   the specific terms of their contract. Each OCIO Client contract addresses the process for refunds of any
   prepaid fees if the contract is terminated before the end of a billing period. In some cases, the OCIO
   Client may also pay the Firm an incentive fee based upon an annual percentage of the net capital
   appreciation (above a hurdle rate) of the client’s advised assets for the year, subject to standard high-
   water provisions, at the end of each year (or fiscal year as the case may be). Fees are, in certain cases,
   negotiable. Some existing clients may have different fee arrangements. OCIO Clients are billed for fees
   incurred.

   Fees for Private Funds

   Investors in the Funds may pay a combination of Management Fee, Base Fee, and Incentive Fee.

   Management Fee
   The Funds each pay, in arrears, as of the last “Business Day” (as defined below) of each quarter, a
   quarterly management fee (the “Management Fee”) based on the net assets of each fund. The
   Management Fee varies by fund and is outlined in each respective funds’ offering memorandum. The
   Management Fee will be prorated for any period that is less than a full quarter and will be adjusted for
   subscriptions made during the quarter. A “Business Day” shall include any day that banks are open for
   business in New York, U.S.A. and Bermuda.

   Incentive Fee
   Certain of the Funds are subject to an annual incentive fee that is accrued monthly and payable at the
   end of each fiscal year. In the event that the Management Agreement is terminated or a redemption
   is made prior to the last day of the fiscal year, the incentive fee will be computed as though the
   termination date or redemption date, as the case may be, were the last day of the fiscal year.

   Base Fee
   Certain of the Funds also pay an annual Base Fee of 1-2% of net assets on an annual basis.

                                             551 FIFTH AVENUE, 26 FL.
                                           NEW YORK, NEW YORK 10176                                      5
                                                 TEL: 212-895-3000
                                              WWW.APPOMATTOX.COM
   4871-1910-7466.v1

A PPOMATTO X A DVISO RY , I NC . – F ORM ADV P ART 2

   Other Fees & Expenses:
   In addition to the fees referenced above, the Funds are also subject to additional fees including, but
   not limited to, administration, audit, legal, tax, regulatory expense, and directors’ fees (where
   applicable). In addition to each Funds’ direct expenses, the Funds, as investors in other investment
   entities and accounts, will indirectly bear its pro rata share of the expenses of those investment entities
   and accounts. These indirect expenses include the Fund’s pro rata share of an investment entity or
   accounts investment expenses (such as custodial fees and brokerage commissions) and possibly
   overhead expenses (such as rent, personnel expenses, equipment, supplies, management and
   consulting fees and similar expenses). The underlying investment entities or accounts may charge (i) a
   fixed base fee (typically 1-2% of net assets on an annual basis) and (ii) an incentive fee or allocation
   based upon a percentage of any profits of the investment entity (typically 20% of profits).

   To the extent Appomattox directs OCIO Clients to invest in securities that require brokerage, load or
   other transactional fees, those expenses will be borne by the OCIO Client. These fees may be disclosed
   prior to any investment by the client. Please see subsequent sections concerning brokerage for more
   information on brokerage-related fees.

   Appomattox may also charge fees for tailored services other than investment management on a case-
   by-case basis. No employees of Appomattox receive compensation for the sale of securities or other
   investment products.

ITEM 7 - TYPES OF CLIENTS

   Appomattox provides discretionary and non-discretionary investment management and investment
   advisory services to endowments, foundations, pension funds, and family offices.

   Depending on the services desired the minimum account size varies. For customized portfolios of
   funds, Appomattox requires a minimum of $25 million.

   For investors in the Funds managed by Appomattox and its affiliates, minimum investments are as
   follows: for investors in Monticello Capital Partners, Ltd - Segregated Account MCP - Tiger PIP XI and
   Monticello Capital Partners, Ltd - Segregated Account MCP - Tiger PIP XV, the minimum investment is
   $110,000; for investors in Archway Linse Cap F1 LP and MCP Linse Capital Fund 1, the minimum
   investment is $50,000; for investors in BHM Archway Feeder L.P., the minimum investment in each is
   $100,000.

   Appomattox may reduce these minimums at its discretion.

                                            551 FIFTH AVENUE, 26 FL.
                                          NEW YORK, NEW YORK 10176                                    7
                                                TEL: 212-895-3000
                                             WWW.APPOMATTOX.COM
   4871-1910-7466.v1

A PPOMATTO X A DVISO RY , I NC . – F ORM ADV P ART 2