Bostwick Capital LLC

Item 5 - Fees and Compensation

Bostwick receives compensation consisting of (1) an annual fixed fee (the “Management Fee”); (2) an
annual performance-based allocation (the “Incentive Allocation”), which is calculated based upon a
percentage of the net capital appreciation of the Compound Funds at the end of each fiscal year subject to a
high-water mark; and (3) profits interest of Investor distributions in excess of capital contributions in the

Bostwick Capital, LLC                                                                      Form ADV Part 2A

Opportunity Funds (the “Profits Interest”).

Bostwick’s current fee schedule is generally as follows:

                                         Compound Funds                        Opportunity Funds

 Management Fee                    Class AA Shares: 1.0% annually       1.0%-2.0% Annually
                                   Class A Shares: 1.5% annually

 Incentive Allocation or Profits   Class AA Shares: 7.5% annually       3.0%-20.0%
 Interest                          Class A Shares: 0%

Management Fees are paid to Bostwick quarterly. Compound Funds and Holding Fund I management fees
are paid quarterly in advance based on the value of each Investor’s account at the beginning of the quarter.
U-Bostwick management fees are paid quarterly in advance based on the aggregate cost of the Target
Investment at the beginning of each quarter. The Management Fee is prorated for any period that is less
than a full quarter and is adjusted for contributions and withdrawals made during the quarter. We, in our
sole discretion, may negotiate waiving or reducing the Management Fee to be paid by any Investor.

Bostwick earns a fixed fee for limited scope operational due diligence consulting services, which are
immaterial relative to the investment advisory business.

Bostwick and the General Partner are responsible for, and pay, all overhead expenses, including salary,
employee benefits, office rent, and other such expenses of an ordinary and recurring nature. All other
expenses are borne by the Clients, including but not limited to legal, auditing, and other professional
expenses, administrator fees, research and investment expenses, D&O and E&O insurance, and other
expenses related to the purchase, sale or transmittal of Client assets, as more fully described in each
respective Fund’s Memorandum which Bostwick recommends all Investors read.

Bostwick maintains an expense allocation policy to determine the methodology for, and allocation of,
expenses that are shared by the Clients, and/or Clients and Bostwick.

Fees to Portfolio Managers of Underlying Funds

Compound Funds and Holding Fund I are generally subject to fees charged by the underlying portfolio funds
and managers. These fees typically include a management fee, which generally ranges from 1% - 2% on an
annual basis, and in most cases a performance-based compensation arrangement, which generally ranges from
15% - 20% of the capital appreciation in the underlying portfolio fund. In addition, underlying funds incur
certain expenses such as audit, legal and other professional expenses allowable pursuant to each respective
underlying fund’s private placement memorandum and limited partnership agreement.

Item 7 - Types of Clients
Bostwick’s Clients are solely the pooled investment vehicles. Interests in the Funds may be purchased only
by individuals and entities who are “accredited investors” as defined in Regulation D promulgated under
the Securities Act of 1933 (“1933 Act”), “qualified purchasers” under Section 2(a)(51) of the Investment
Company Act of 1940 (“1940 Act”), and “qualified clients” (as defined in Rule 205-3 of the Investment
Advisers Act of 1940), or “knowledgeable employees” as identified in the 1940 Act. Further, U-Bostwick
interests are offered exclusively to investors that are not U.S. persons within the meaning of Regulation S
promulgated under the 1933 Act. The Compound Funds’ and Opportunity Funds’ Memoranda and
subscription agreements provide the eligibility criteria and minimum investment requirements.