Essex Ridge Capital Group LLC

Item 5.          Fees and Compensation

Description
The annual fee for high net worth individual and other institutional accounts is typically
1.00% of assets under management.

Fee Billing

Fees for high net worth individual and other institutional accounts are generally charged
monthly in advance, based on the value of the client's account at the end of the prior calendar

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month. New accounts are charged a pro-rata fee for the month based on initial assets
deposited in the account.

Clients typically grant Adviser authority to deduct their fees directly from their account. The
client’s custodian will provide regular account statements directly to the client that reflect
all transactions in the client’s account(s), including the amount of any advisory fee deducted.
The client is responsible for verifying the accuracy of the fee calculation, as the client’s
custodian will not determine whether or not the fee was properly calculated.

Other Fees and Expenses

Adviser’s fees do not include any expenses related to its advice to clients on matters not
involving securities, which expenses will be charged to the client upon Adviser’s receipt of
an invoice from third-party service providers. Adviser’s fees do not include brokerage
commissions or securities transaction fees charged by client’s custodian. Mutual funds,
exchange-traded funds (“ETFs”) or other investment vehicles in which a client’s assets may
be invested charge their own advisory fees and other fees and expenses, as described in each
fund’s prospectus or offering document, and such fees and expenses are in addition to those
charged by Adviser.

Termination of Advisory Agreement

Either the client or Adviser may terminate the investment advisory contract by providing
prior written notice to Adviser as provided in its investment advisory agreement, typically
30 days.

Upon termination, accounts are charged a pro-rata daily fee through the termination date
based on the value of the account on the termination date. The proration is determined as
the number of calendar days through the termination date relative to the number of calendar
days in the quarter. Any prepaid fees relating to the remainder of the calendar quarter are
refunded to the client. Earned, unpaid fees, if any, will be due and payable.

Item 7.       Types of Clients and Minimum Requirements
Adviser generally provides investment advice to high net worth individuals, investment
companies (including private funds), pension and profit sharing plans, trusts, estates, or
charitable organizations, corporations and other business entities.
Adviser has certain minimum thresholds that have been established to allow Adviser to
provide the high level of personal services and attention which Adviser believes its clients
deserve. Adviser has established a minimum initial account value of $100,000 for new

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accounts of high net worth individuals. The minimum account size for an institutional
account is $250,000. Adviser may, in its sole discretion, accept such lesser amounts as it
deems appropriate.

Item 8.       Method of Analysis, Investment Strategies and Risk of Loss