Ascend Interplay LLC

Item 5 Fees and Compensation
Member Fee Schedule
Our fee for Member portfolio management services is based on a percentage of the assets in your
account and is set forth in the following annual fee schedule:

                                    Member Annual Fee Schedule

                    Assets Under Management                                Annual Fee
                         Up to $25 Million                                   1.00%
                         Next $25 Million                                    0.70%
                         Next $50 Million                                    0.65%
                         $100-$250 Million                                   0.55%
                        Over $250 Million                                    0.50%

Our annual portfolio management fee is billed and payable, monthly in arrears, based on the balance
of assets invested with us minus any equity or profits in the operating companies owned by the client
at the end of the billing period. Some clients choose to exclude real estate assets from the assets
under management with Ascend Interplay. This is delineated in the advisory agreement.

If the portfolio management agreement is executed at any time other than the first day of a calendar
quarter, our fees will apply on a pro rata basis, which means that the advisory fee is payable in
proportion to the number of days in the quarter for which you are a client. Our advisory fee is
negotiable, depending on individual client circumstances.

We will send you an invoice for the payment of our advisory fee. Payment will be due within 30 days of
our invoice and may be paid by check, wire, ACH or other method we agree upon.

We encourage you to reconcile the fee calculation on our invoices with the statement(s) you receive
from the qualified custodian that contain information relative to your accounts values. If you find any
inconsistent information between our calculation and the information on the statement(s) you receive
from the qualified custodian call our main office number located on the cover page of this brochure.

You may terminate the portfolio management agreement upon 30 days written notice. You will incur a
pro rata charge for services rendered prior to the termination of the portfolio management agreement,
which means you will incur advisory fees only in proportion to the number of days in the month for
which you are a client.

Provisional Member Fee Schedule
A one-time fee of 2.0% is calculated based upon capital committed by the Provisional Member and will
be charged upon deployment of capital. No other advisory fee will be charged to the Provisional
Member. If the Provisional Member elects not to invest in any opportunities presented by Ascend
Interplay, no fees will be charged to the Provisional Member.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders. These fees will generally
include a management fee and other fund expenses. You will also incur transaction charges and/or
brokerage fees when purchasing or selling securities. These charges and fees are typically imposed by
the broker-dealer or custodian through whom your account transactions are executed. We do not
share in any portion of the brokerage fees/transaction charges imposed by the broker-dealer or
custodian. To fully understand the total cost you will incur, you should review all the fees charged by
mutual funds, exchange traded funds, our firm, and others. For information on our brokerage practices,
refer to the Brokerage Practices section of this brochure. For investments in private funds, we may
refer the fund’s documents for outside legal review before subscription documents are executed by the
client. If a fund's documents are forwarded for outside legal review, the cost of this review is allocated

to each client proportionally based on their investment amount as a percentage of the total amount
invested by Ascend clients.

Item 7 Types of Clients
We offer investment advisory services to high-net-worth individuals.

In general, we require a minimum of to open and maintain an advisory account. The minimum
relationship size for Members is $25 million, $5 million for Partial Members, and $250,000 for
Provisional Members. At our discretion, we may waive either minimum account size.