Fieldview Capital Management LLC

Item 5 - Fees and Compensation

A. Below is a discussion of how the Adviser is compensated in connection with
    providing advisory services to its Clients. The Adviser may enter into different fee
    arrangements on a Client-by-Client basis.
    Management Fees. The fees and expenses are based on a negotiated fee schedule
    detailed in the Investment Management Agreement with each Client. Generally, the
    Adviser will not be entitled to a management fee, commonly identified as a percentage
    of the Client’s assets under management.
    Performance Allocation. The Adviser is entitled to a performance-based fee of the
    net profits at the end of each performance period (defined in the respective Investment
    Management Agreements with each Client), (the “Performance Allocation”), with the
    ability to earn additional bonus fees (the “Bonus Fees”) at the end of each performance
    period based on the net profits earned in the Client accounts, as well as fixed bonus fees
    based on net profits earned in the Client accounts over the duration of the Adviser’s
    Investment Management Agreement with each Client. These fees are negotiated with
    the Clients and are detailed in the respective Investment Management Agreements.
    Special Payments and Other Fees. The Adviser, from time to time and in accordance
    with the respective Investment Management Agreement, may be entitled to additional
    fees paid from Client accounts. Certain of these fees are fixed amounts that may be paid
    to the Adviser if any accrued performance-based fees are less than a certain amount
    (“Special Payments”. Such Special Payments are paid at the end of each performance
    period.
B. Direct Client Expenses. Clients are responsible for all above line and below line
    expenses (as set forth in the Adviser’s annual budget) related to their operations and
    activities, including all expenses associated with its investment portfolio. Certain
    expenses may be applied against any net profits or Performance Allocations or Bonus
    Fees earned by the Adviser. Some expenses may be paid in advance to cover certain
    upfront costs incurred by the Adviser as determined by each Client’s respective
    Investment Management Agreement. All such expenses require pre-approval from the
    Client.

C. Performance Allocations, Bonus Fees, and Special Payments from the Clients are
    deducted directly from the Client’s capital account and are payable in arrears on an
    annual basis. Other Fees may be payable in advance under limited circumstances
    pursuant to the Client’s Investment Management Agreement.

D. Clients will incur brokerage and other transaction costs. Item 12 of this brochure
    discusses how the Adviser selects brokers and determines the reasonableness of their
    compensation. The direct expenses borne by each Client are described in more full
    detail in each Client’s Offering Documents and Investment Management Agreements.

E. As mentioned above, most fees payable to the Adviser are payable in arrears on an
    annual basis. Under limited circumstances and in accordance with the Client’s
    Investment Management Agreement, some fees may be payable in advance.

F. Other than as described above, neither the Adviser nor any of its supervised persons
   receive any compensation from the sale of securities or other investment products.

Item 7 - Types of Clients

The Adviser provides investment sub-advisory services to private investment funds for
sophisticated, qualified investors.

Acceptance of Fund and sub-advisory account relationships is determined on a case-by-case
basis.