Foxhill Capital Partners LLC

Item 5.        Fees and Compensation

Foxhill, or an affiliated entity, charges each investor in the Fund an investment
management fee of 1.5% per annum. The investment management fees for the Fund are
charged each quarter in advance based on the total market value of the net assets in each
investor account (including net unrealized appreciation or depreciation of investments,
cash, cash equivalents, and accrued interest). If a new investor account is established or
an investor makes an addition to its account during a quarter the investment management
fee will be charged as of the effective date of investment based on the value of the assets
as of the applicable date and will be prorated for the number of days remaining in the
quarter. Withdrawal dates coincide with the quarterly basis for the management fee
calculation so there would not be any prepaid fees due to investors.

Foxhill, or an affiliate, receives an annual performance-based allocation which is based
on the capital appreciation of the assets of the Fund. This compensation is 20% for the
Fund, subject to a high-water mark provision.

Foxhill, or its affiliate, may waive or reduce the investment management fee and/or
performance allocation with respect to certain investors in the Fund.

Fees for the Fund are calculated by the Fund’s administrator and deducted from the
accounts of the investors in the Fund. The details of how the management fee and
performance allocation are calculated for the Fund may be found in its organizational and

offering documents which are provided to existing and prospective Fund investors. The
details of how the management and performance fees are calculated and paid for other
clients are included in the investment advisory agreements with each client.

Additionally, clients may also be subject to other expenses including, but not limited to,
administrator fees and expenses, custodian fees, filing fees, interest, commissions,
research expenses, legal fees, compliance fees, taxes, tax preparation and audit fees.

Item 7.        Types of Clients

Foxhill’s clients consist of an affiliated pooled investment vehicle as well as managed
accounts. The investors in the affiliated pooled investment vehicle and managed
accounts consist primarily of high-net-worth individuals, trusts, family offices, and
foundations. Underlying investors in the affiliated pooled investment vehicles are
generally required to be Accredited Investors and Qualified Purchasers. Initial and
additional subscription minimums for investors in the affiliated pooled investment
vehicles are disclosed in its offering memorandum.

Additionally, Foxhill manages separate accounts representing clients which are family
office entities as well as fund of fund entities. Each is subject to its respective investment
management contract.