Fort Street Asset Management LLC

ITEM 5 FEES AND COMPENSATION

Fees and other charges

Individually Managed Accounts:
Fees for individually managed accounts are tier priced as follows:

        Account Size                      Fee (Annual percentage)*
        <$1 Million                              2%
        $1 Million – $9.9 Million                1.5%
        >$10 Million                             1%

Fort Street Asset Management, LLC               Page 5

All asset based fees are deducted by the qualified custodian of record on a monthly basis in advance, or as
otherwise indicated in the client agreement. Client statements for prior deductions will be provided on a
quarterly basis. Asset based fees may be negotiable at the sole discretion of management.

Private Pools:

Fees for management of private pools will be two percent (2%) of assets under management. Asset fees
may be negotiable at the sole discretion of the private fund’s general manager.

Additional Costs, Expenses and Fees:

All fees paid to Adviser for investment advisory services are separate and distinct from the expenses
charged by third-party managers and Investment Companies to their shareholders. These fees and
expenses are described to the client in separate disclosures. These fees will generally include third-party
management fees, an Investment Company management fee, other fund expenses, and in some situations
a possible distribution fee.

Adviser will provide investment advisory services and portfolio management services but will not provide
custodial or other administrative services. At no time will Adviser accept or maintain custody of a client’s
funds or securities except for authorized fee deduction. The Client may contact the Custodian directly for
disbursements, or account record changes, and may also do so in writing to the custodian. Adviser may
act at the client’s convenience to facilitate such written communications to the Custodian, provided that
such action is not construed to be custody of client assets.

Client is responsible for all custodial and securities execution fees charged by the custodian and executing
broker-dealer. Fees paid to Adviser are separate and distinct from the custodian and execution fees.

Clients may request to terminate their advisory contract with Adviser, in whole or in part, by providing
advance written notice. Upon termination, any fees paid in advance will be prorated to the date of
termination and any excess will be refunded to client through the Custodian. Client’s advisory agreement
with the Adviser is non-transferable without Client’s written approval.

Fee Deduction Disclosure for the SEC:
Where Adviser deducts its management fee from client accounts utilizing a qualified custodian, the
Adviser is required to meet the following requirements.

   a. Possess written authorization from the client to deduct advisory fees from an account held by a
   qualified custodian;

   b. send the qualified custodian a written invoice detailing the fee amount to be deducted from the
   client account; and,

   c. send the client a written notice of the fee charged, which may be satisfied by the custodian’s month
   statement showing the fee deduction.

Adviser intends to rely on the custodian to deliver notice of the fee deduction in the monthly statements.
Accordingly, Clients are advised to review monthly statements to confirm the deduction of Adviser’s
fees.

Fort Street Asset Management, LLC              Page 6

Fixed Fees:
Fixed fees are commensurate with asset based fees and may be negotiated for investment services, and are
established as fixed fees where the intent of the client is that fees are not variable automatically with
changes in asset values on a quarterly basis. Fixed fee arrangements under the client agreement are for a
period of one year, and then convert automatically to asset based fees unless a new fixed fee agreement is
established. Fixed fees are deducted and invoiced in the same fashion as asset based fees for investment
services.

All fixed fees for services offered by the firm will be determined in advance based on the agreement
between the client and the firm and based on the information provided by the client at that time.

Fixed fees paid in advance will be prorated to the date of termination and the excess refunded to the client
by check as soon as practicable. Where the firm may request a fee in advance, the amount paid in
advance will not be more than $1,200 per client and 6 months in advance. The remaining fixed fees will
be paid after services are performed.

Right of Cancellation

In addition to the right to terminate an agreement pursuant to its terms, a client may cancel an agreement
with Adviser within five (5) business days of first receiving a copy of this disclosure brochure and
supplement without penalty or fee.

Billing Practice

Adviser's Investment management fees are payable monthly in advance, based on average daily balances
with adjustments for additional deposits of funds if any made in a month already billed, which will be
billed in arrears at the beginning of the next month for the additional cash flow. Upon termination, any
fees paid in advance will be prorated to the date of termination and any excess will be refunded to client
by check issued to the customer as soon as practicable.

ITEM 7 TYPES OF CLIENTS

Adviser offers investment management services to high net worth individuals. Our minimum investment
account balance is $250,000. At our sole discretion, we may deviate from this account minimum in
certain circumstances.