Bantamac Capital LLC

Item 5 – Fees and Compensation
Separately Managed Accounts
In connection with our SMAs, we are generally compensated based on fees calculated as a percentage of total assets
under management. Additional factors including but not limited to strategy complexity, specific client requirements,
and other factors may cause client fees to be higher or lower than the fee schedule listed below. Subject to the terms
of the applicable Governing Documents, such fees are generally charged monthly in arrears, based on the month-
end value of assets, and are automatically deducted pursuant to Client authorization, except in those cases where
applicable Governing Documents allow for or require the collection of fees by sending payment request to the Client.
Fees may either be collected on a monthly or quarterly cadence subject to the terms of the applicable Governing
Documents. The fees below represent the typical advisory fees charged to our SMAs who custody their assets we
manage at Northern Trust and Charles Schwab. Such advisory fees are not all inclusive, and Clients may be charged
other fees for additional services.

           Annual Fee Schedule for Actively Managed Strategy Using Securities Custodied in Northern
                                     Trust and Charles Schwab Accounts

 AUM                           <$10,000,000        $10,000,000 - $20,000,000      $20,000,000 or more
 Fee Rate (per annum)          1.75%               1.50%                          1.25%

We reserve the right to reduce, waive, or negotiate our advisory fees at our discretion. Prospective Clients are
advised that the fees shown above will likely vary depending on the custodians they use and the complexity of the
strategy. The fees above are for reference only. If clients wish to custody their assets under our management with
other custodians the fees may be higher. Bantamac Capital is independently operated and owned and is not affiliated
with any custodian or other broker-dealer.

SMA Clients may generally terminate their agreement(s) with us with written notice. Upon termination, any fees
paid in advance will be prorated to the date of termination, and any excess shall be refunded. Clients will incur
brokerage and other transaction costs; please see Item 12 for additional information regarding our brokerage
practices.

Private Funds
In connection with a n y o f our Funds that we may manage, subject to the terms of the applicable Governing
Documents, we or an affiliate serving as the Managing Member—or equivalent—of a Fund (“Managing
Member”) receives management fees in connection with the services we provide the Funds (“Private Fund
Fees”). Notwithstanding the foregoing, in general, Investors are subject to a management fee ranging between
0.80%-1.80% per annum. We may waive or reduce all or any portion of the Private Fund Fees with respect
to any Investor or Fund.
Subject to the terms of the applicable Governing documents, in addition to the Private Fund Fees, each
Fund bears all of its Organizational Expenses and operating expenses, including: brokerage commissions,
clearing and settlement charges, custodial fees and other charges for transactions in securities, commodities
and other instruments and investments; governmental and regulatory charges; licensing costs; audit fees;
valuation; financing; investment related research and expenses (including, without limitation, news, information,
research and quotation equipment, hardware, software and services, and all computer hardware and software
used primarily for investment purposes which benefit the Fund and the Managing Member); professional and
consulting expenses associated with an investment or proposed investment, whether or not such investment is
consummated (including reasonable travel and lodging and other similar fixed costs related to such
investment); initial and recurring costs associated with trade order management systems, risk management systems,
portfolio accounting systems and other similar systems; interest and fees on margin accounts, derivative
products or other indebtedness, bank service fees and custodial fees and expenses; administrative fees
and expenses; reporting expenses; taxes; interest; legal, compliance, regulatory, accounting, tax preparation and other

professional fees, including with respect to filing Form PF; expenses associated with the offer and sale of the
Interests, including mailing and reproducing the Memorandum, any amendments thereto and other
communications with Members; costs and expenses related to obtaining insurance covering the Fund; expenses
incurred in connection with any threatened, pending or anticipated litigation, examination or proceeding; all
expenses incurred as a result of the Fund’s obligation to indemnify the Managing Member, the Administrator,
their affiliates and certain other parties (including, but not limited to, nominees proposed as directors by the
Managing Member of a portfolio company) against losses, liabilities and expenses incurred in connection with
the performance of their duties on behalf of, or the provision of services to, the Fund; all other expenses and
liabilities incurred in connection with or arising out of its business, including extraordinary or non-recurring
charges; and reimbursements due to the Managing Member for all such costs and expenses, if any on
behalf of the Fund.

Advisory Clients
In connection with the discretionary and non-discretionary advisory services provided to Advisory Clients, subject
to the terms of the applicable Governing Documents, we are generally compensated based on fees calculated as a
percentage of total assets undermanagement for discretionary advisory services and as a set fee for non-discretionary
advisory services. Fees are due in quarterly installments in arrears; discretionary advisory service fees are based
upon the market value of the assets in the discretionary account(s) on the last business day of the calendar quarter.
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Item 7 - Types of Clients
We provide investment advice to our Clients, which include the SMAs and Advisory Clients. Our SMA Clients
generally include individuals and/or entities, such as high net worth individuals, corporations and other businesses,
foundations, and trusts. Beginning an investment advisory relationship with us is typically subject to a minimum of
$10,000,000, which we may waive or reduce at our sole discretion.

While at the time of filing this Brochure we do not provide any investment advice to Funds, we may do so in the
future. Investors in the Funds would generally be subject to a minimum investment of $500,000 but we may waive
this minimum at our sole discretion depending on the terms of the applicable Governing Documents.
Notwithstanding the foregoing, we encourage Investors to refer to the relevant Governing Documents for more
information on eligibility and the specific minimum investment amount for each Fund we manage.
Our Advisory Clients generally include high-net-worth-individuals, trusts and estates, foundations, and charitable
organizations. Discretionary and non-discretionary advisory services are generally subject to a minimum of
$10,000,000, which we may waive or reduce at our sole discretion. In addition, certain sub-advisers may impose
more restrictive account requirements and utilize more varying billing practices than us. In such instances, we may
alter our corresponding account requirements and/or billing practices to accommodate those of the sub-adviser(s).
Although we believe that our investment program(s) should mitigate the risk of loss through careful
selection and monitoring of Client investments, an investment is nonetheless subject to loss, including
possible loss of the entire amount invested. No guarantee or representation is made that any investment
will be successful, and the investment results will vary, perhaps substantially, over time. All investments in securities
and other financial instruments, including an investment in a Fund, involve substantial risk of volatility arising from
any number of factors that are beyond our control. Legal, tax, and regulatory changes could occur which in
certain cases materially adversely affect the ability of a Client to pursue its investment strategies or achieve its
investment objective. There can be no assurance that any Client, including any Fund, will achieve its
objectives or that any Client will not incur losses. Clients and Investors must be prepared to lose all
or substantially all of their investment with us.
An investment in a Fund is a highly speculative investment and is not intended as a c o m p l e t e
i n v e s t m e n t program. I t is designed only for sophisticated persons who are able to risk losing their investment
in the Fund and who have limited need for liquidity. In addition to the general risks provided herein, there
are additional material risks associated with certain strategies or Funds. Please refer to the relevant Governing
Documents for more information regarding risk factors for a particular Fund or Client.