Fort Point Capital Partners LLC

Item 5 – Fees and Compensation

Individually Managed Accounts

Management Fees
Below is our typical fee structure for individual Clients, though fees may vary by Client.

                                         Assets Under
                                          Advisement            Fee
                             First      $1,000,000          1.25%
                             Next       $9,000,000          0.90%
                             Next     $40,000,000           0.60%
                             Next     $50,000,000           0.40%
                             Over    $ 100,000,000          Negotiable

We believe that our fees are competitive with those fees charged by other investment advisers
for comparable services; however, comparable services may be available from other sources for
lower fees than those that we charge. The fees charged by us are separate from and in addition
to those fees which may be charged by a Client’s sub-adviser(s) or any private placement(s) in
which Client assets may be invested.

Fees are calculated on the gross asset value of the Client accounts as of the last day of the
preceding calendar quarter, based on trade date values, or in the case of a private placement as
of the last reported value. Fees are payable quarterly in advance. The specific manner in which
fees are charged by us is established in a Client’s written agreement. Clients may elect to be billed
for fees or to authorize us to directly debit fees from Client accounts. Accounts initiated during a
calendar quarter will be charged a prorated fee. Upon termination of any account, any earned,
unpaid fees will be due and payable, and any prepaid fees will not be refunded.

In certain cases, Clients may request that we purchase or maintain pre-existing or other
securities positions in custodial accounts maintained with us, or with limited partnerships and
other private placements, that are not consistent with our investment strategy. In such cases, we
typically agree not to charge a fee on such assets, but with the specific understanding that these
are non-supervised assets for which the Client is responsible for determining the suitability of
maintaining such a position. We will not sell such securities without specific instructions from the
Client.

Expenses
Our fees on individually managed accounts are exclusive of brokerage commissions, transaction
fees, and other related costs and expenses which shall be incurred by the Client. These additional
charges may include custodial fees, wire transfer and electronic fund transfer fees, and other
transaction-related costs.

Mutual funds and exchange traded funds charge internal management fees, which are disclosed
in a fund’s prospectus. Private placements and other pooled investment vehicles charge internal
fees and expenses which are disclosed in the applicable offering memorandum or program
documents. In addition, Clients may incur fees charged by third-party managers or sub-advisers
engaged to manage all or a portion of a Client’s account.

Item 12 further describes the factors that Fort Point considers in selecting or recommending
broker-dealers for client transactions and determining the reasonableness of their compensation
(e.g., commissions).

Fort Point Private Investment Funds

Management and Incentive Fee
For FPPI Funds, Fort Point may be compensated by a fund-level fee overlay under which Fort
Point charges management and/or incentive fees, in addition to fees charged by the Underlying
Managers. For investors who are a Fort Point Client, management fees are waived and certain
Clients may receive discounted incentive fees.

In addition, while an investor remains a Fort Point Client, Fort Point will charge its advisory fee on
any assets invested in the FPPI Funds.

The specific management and incentive fee terms for each FPPI Fund are described in the
applicable offering documents.

AYF, AYF II, AYF III, and AYF IV: Fort Point may receive an annual management fee of up to 1.0%,
paid monthly in advance, based on the value of each investor's capital account as of the first day
of the month.

In addition, Fort Point may receive an incentive allocation of up to 10.0%.

GEO I and GEO II: Fort Point does not receive any management fees and may receive an
incentive fee of 10% for Class A interests, 10% for Class B interests, and 5% for Class C interests.
Incentive fees are calculated separately for each underlying investment and realized upon the
liquidation or distribution of the underlying investment and only paid after the return of all invested
capital.

REO I and REO II: Fort Point does not receive any management fees and may receive an
incentive fee of 10% for Class A interests, 10% for Class B interests, and 5% for Class C interests.
Incentive fees are calculated separately for each underlying investment and realized upon the
liquidation or distribution of the underlying investment and only paid after the return of all invested
capital.

COF I and COF II: Fort Point receives an incentive fee of 5% on Class C and Class F interests.

Expenses
Each FPPI Fund is responsible for start-up expenses (amortized over 60 months) and Fund-level
operational expenses including: expenses of the continuous offering of its interests, including the
cost of producing and distributing its offering documents; any due diligence and other investment
research expenses incurred on behalf of an FPPI Fund; filing fees and expenses; accounting,
audit, and tax preparation expenses; computer software, licensing, programming, and operating
expenses; data processing costs; legal fees and expenses; consultant fees; tax, litigation,
indemnification, and other extraordinary expenses, if any; interest expenses; insurance
expenses, custody fees, bank charges, and other investment and operating expenses.

Additionally, unless otherwise noted, the fees described above are solely fees charged by Fort
...

Item 7 – Types of Clients

We typically provide portfolio supervision services to high-net-worth individuals and family
offices. Generally, account minimums are $1,000,000, although this minimum may be waived by
us.

Fort Point also provides investment management services to the FPPI Funds. Generally,
investors in the FPPI Funds are also Fort Point Clients. However, non-Fort Point Client investors
in an FPPI Fund must invest a minimum of $250,000 unless waived by us. Each investor must be
an “accredited investor” as that term is defined in Rule 501(a) of Regulation D under the Securities
Act of 1933, as amended; a “qualified client”, as that term is defined in Rule 205-3(d)(1) of the
Investment Advisers Act of 1940; and/or a “qualified purchaser”, as applicable, as that term is

defined in Section 2(a)(51) of the U.S. Investment Company Act of 1940, as amended; and meet
other criteria as specified in the offering documents of the FPPI Funds.