Camelot Event-Driven Advisors LLC

Item 5:           Fees and Compensation

          A.      Fees Charged:

          The Fund is authorized to pay CEDA a management fee of 1.30%, based on the Fund’s average daily net
          assets. Investors in the Fund bear their proportionate share of the Fund’s fees and expenses, including
          their pro rata share of the management fees. Information regarding the Fund, including a description of
          the services provided by management and the fees charged for those services, is contained in the Fund’s
          prospectus. A prospectus may be obtained from the firm’s Compliance Officer.

          B.      Fee Payment

          Fees will generally be debited directly from the Fund account. The Management fee is paid on a quarterly
          basis. Fees are calculated based on the value of the account(s) at the beginning (value at market close of
          prior billing period end) of each calendar quarter. For clients charged a fixed fee for the management of
          their assets within a specific strategy, that fee will also be paid on a quarterly basis, in advance.

          C.      Other Fees

          There are a number of other fees that can be associated with holding and investing in securities. Each
          shareholder will bear its proportionate share of and expenses, including operating expenses, sales charges
          imposed on purchases, brokerage costs, transaction fees for the purchase or sale of other securities, and
          including commissions for the purchase or sale of a stock as well as any legal fees associated with
          perfecting appraisal rights. For more detailed information related to Fund expenses, investors should
          carefully read the Fund’s prospectus.

          D.      Pro-rata Fees

          Due to the nature of the Fund, investors can commit to investing a specified amount into the Fund at any
          times. Investors are generally permitted to withdraw from a Fund or become an investor in a Fund at any
          time. If the Fund terminates its relationship with us during a billing period, we will pro-rate the
          management fees based on the number of days left in the quarter. The Fund will be entitled to a refund of
          management fees for the remainder of the billing period. Once the Fund’s notice of termination is received,
          we will refund the unearned fees to the Fund in whatever way they direct (check, wire back to the account).

          E.      Compensation for the Sale of Securities

          This item is not applicable.

Item 7:           Types of Clients

          CEDA generally provides advisory services to The Camelot Event-Driven Fund. Investors in this Fund
          are individuals, pension and profit sharing plans, trusts, estates, charitable organizations, corporations and
          other business entities. There is no account minimum for CEDA, but the Fund may have a minimum
          requirement.

          CEDA also advises clients with respect to investments in stocks undergoing merger for which appraisal
          rights are perfected through litigation.