Forza Investment Group LP

Item 5            Fees and Compensation

 Forza will provide discretionary investment management services to each Client pursuant to the applicable
 offering documents or investment management agreement. The offering documents or investment
 management agreement for each Client will set forth in detail the fee structure relevant to each Client. Forza
 receives compensation from fees based on a percentage of assets under management (“Management Fee”),
 incentive allocations or performance-based fees (“Performance-Based Fees”) and certain other fees and
 expenses (discussed below). Similarly, the sub-advisory agreements with pooled investment vehicles
 managed by third-parties will set forth the applicable terms of the sub-advisory services, including the receipt
 by Forza of Management Fees and Performance-Based Fees, as applicable.

The Private Funds
Investment Management Fees
Forza charges investors in the Private Funds an investment management fee between 0% and 2% per annum
calculated as a percentage based on the investor’s pro rata share of total assets under management of the
Private Fund, payable monthly in arrears. Management fees will accrue daily and are pro-rated for any
partial period. Forza may negotiate fees with each investor in a Private Fund and may, in its discretion,
waive or reduce fees for certain investors such as Forza affiliates and employees.

Item 7           Types of Clients

 Forza provides discretionary investment management to the Private Funds and SMAs, and may in the future
 provide non-discretionary investment management services to similar clients. In addition, Forza also
 provides sub-advisory services to pooled investment vehicles managed by third-parties. Clients, including
 underlying investors in Clients, may include high net-worth individuals, family offices, financial
 institutions, insurance companies, corporations, sovereign wealth funds, endowment funds, charitable
 organizations, public and private pension funds and other investment funds.

 Forza will generally require a minimum asset level of $100,000,000 for SMAs. However, Forza, in its sole
 discretion, may reduce its fees or minimum asset level requirements.

 For the Private Funds, each underlying investor must be an “accredited investor” as defined in Regulation
 D under the Securities Act of 1933, as amended, and a “qualified purchaser” as defined in the Investment
 Company Act of 1940 Act, as amended (the “1940 Act”). Certain employees of Forza who qualify as
 “knowledgeable employees” under Rule 3c-5 of the 1940 Act may be permitted to invest directly or
 indirectly in the Private Funds. The Governing Fund Documents of each Private Fund will set forth the
 minimum amounts required for investment by prospective investors in such Private Funds. These minimum
 amounts may be waived by Forza or an affiliate. Investors should read the Governing Fund Documents in
 full and consult with their advisors prior to making an investment.