Faircourt Partners LLC

Item 5 – Fees and Compensation

 Retirement Plan Fees

 The way fees are charged by Faircourt is established in the written agreement with
 the client and are negotiable and customized for each client. Faircourt is compensated
 for its services on a fixed-fee or a percentage of assets basis. Fees are typically paid
 either quarterly or monthly, and fee schedules may include pricing tiers. Fees are
 dependent on the services provided. Clients may pay fees directly to Faircourt or
 instruct their retirement plan service providers to deduct the fees from the retirement
 plan assets.

 Consolidated Reporting

 Clients may request Faircourt to include assets not managed by Faircourt in its
 reporting. If this request is made, the client may be charged an additional negotiated
 fee to report on these non-managed assets.

 Wealth Management Fees

 Faircourt shall primarily be compensated based on fees calculated as a percentage of
 assets under management. In limited circumstances, the investment management fee
 is negotiable depending on many factors including but not limited to the size of the
 account, the aggregate value of related accounts, the nature of the relationship, the
 complexity of the services provided and other factors. The specific way fees are
 charged by Faircourt shall be established in a client’s written agreement with Faircourt.
 Faircourt reserves the right to negotiate the fee with its clients and may charge a
 higher or lower fee than the fee described herein.

 In general, Faircourt will bill clients quarterly in advance of services rendered, based
 on a calendar quarter. For accounts opened during a quarter, the initial fee shall be
 pro- rated. Any client has the right to terminate the investment contract without
 penalty within five business days after entering the contract. In the event a client
 terminates their account with Faircourt, all fees shall be pro-rated.

 Payment of Faircourt’s investment management fees will be deducted from each client’s
 account on a quarterly basis by their custodian and paid directly to Faircourt Partners,
 unless otherwise directed in writing by a client. The consent for deduction of fees is
 generally contained in the written agreement the client enters with Faircourt and/or

Faircourt Partners, LLC

 the client’s custodian. Clients’ custodians will deliver a periodic (at least quarterly)
 account statement directly to clients. The statements will include all transactions that
 took place in the account during the period covered and reflect any fees deducted and
 paid to Faircourt Partners. Clients are encouraged to review their account statements
 for accuracy and compare them to the reports received from Faircourt. Should there be
 any discrepancies, Clients should rely on the information in their custodian’s account
 statement.

 Faircourt Partners’ fees are exclusive of brokerage commissions, transaction fees, and
 other related costs and expenses which shall be incurred by the client. Clients may
 incur certain charges imposed by custodians, brokers, third party investments and
 other third parties such as fees charged by managers, custodial fees, deferred sales
 charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and
 other fees and taxes on brokerage accounts and securities transactions. Such charges,
 fees and commissions are exclusive of and in addition to Faircourt’s fee.

 Specifically, if client assets are invested in shares of mutual funds, these mutual fund
 shares may have mutual fund 12b-1 fees, mutual fund management fees, early
 termination fees (which include fees on whole or partial liquidations of an account)
 and other fees and expenses that may be assessed by the fund sponsor, custodian,
 transfer agent, adviser or other service providers. Further charges may be found in
 mutual fund prospectuses, annual report or custodial agreement. These fees are
 separate from Faircourt fees and will never be collected by Faircourt Partners.

 In general, fees paid to private funds are in addition to wealth management advisory
 fees. These fees are disclosed in the confidential private placement memorandum for
 each private fund. In some instances, these fees may be negotiated.

 Wealth Management Fee Schedule

 Wealth Advisory Tiered Fee Schedule:

    From $                To $                  % (or BPS)
    $0.00                 $500,000              1.25%
    $500,001              $1,000,000            .95%
    $1,000,001            $2,500,000            .85%
    $2,500,001            $5,000,000            .75%
    $5,000,001            $10,000,000           .65%
    $10,000,001           +                     .55% or negotiated

 (Wealth Advisory Fees may vary but will generally be within the bands outlined above.
 Fees are applied to all discretionary assets and may be applied to nondiscretionary
 assets.)

Item 7 – Types of Clients

 Faircourt Partners may provide portfolio management services to pension plans,
 individuals, high net worth individuals, pooled investment vehicles, investment
 companies, charitable institutions, foundations, endowments and trust programs.