Composition Capital LP

Item 5.        Fees and Compensation

 Compensation for Advisory Services

 In general, as sub-adviser to funds managed by Kayne Anderson, Composition receives its sub-
 advisory fees directly from Kayne Anderson.

 The fee is typically paid quarterly in advance and Composition will bill the client accordingly. The
 first year payment is a fixed fee (“First Year Payment"). The second year payment is an amount
 equal to (i) the lesser of the First Year Payment or (ii) the actual net management fee revenues
 generated by the Kayne Funds subject to a floor amount until the date certain thresholds are
 achieved. Thereafter, for each annual period from and after the second anniversary, Composition
 will receive an amount equal to the lesser of (i) a fixed amount per annum or (ii) the actual net
 management fee revenues (i.e., after giving effect to management fee offsets and discounts).

 Composition is a sub-adviser to the Kayne Funds and does not negotiate fees, deduct fees from
 the accounts of the investors in the Kayne Funds.

Item 7.       Types of Clients

 Composition serves as the non-discretionary investment sub-adviser to certain private Kayne
 Funds. Composition may decide in the future to provide discretionary advice to separately
 managed accounts and to other private funds.

 The minimum contribution and investor requirements of the Kayne Funds are set by Kayne Capital
 Advisors LP and/or its related advisers. The minimum contribution and investor requirements on
 any future investment vehicles are to be determined.

Composition Capital LP – ADV Part 2A       Page 7