GAM24 LLC

Fees and Compensation - Item 5

 Financial Planning Services Fees
 Gulfstream will charge a negotiable fixed fee of up to $10,000 for financial planning services. Prior to engaging
 our firm to provide financial planning services, the client will be required to enter into a financial planning
 agreement with our firm. The Agreement will set forth the terms and conditions of the engagement and describe
 the scope of the services to be provided and the fee that is due from the client.

 50% of the financial planning fees is payable upon execution of the financial planning agreement with the balance
 due and payable upon completion of contracted services. Fee payment arrangements may be negotiated with the
 client on a case-by-case basis and all such arrangements will be clearly set forth in the financial planning
 agreement signed by the client and the firm.

 Either party may terminate the financial planning agreement by written notice to the other. In the event the client
 terminates Gulfstream’s financial planning services, the balance of any prepaid, unearned fees (if any) will be
 promptly refunded to the client. Gulfstream does not require the prepayment of over $500, six or more months
 in advance.

 Portfolio Management Services Fees
 Gulfstream charges a fee based on a percentage of assets under management. This fee is deducted from the
 client's account held at the custodian. The client authorizes Gulfstream to debit the fee from the client’s account.
 If requested by the client, we may also invoice the client directly for the payment of fees in lieu of a direct
 deduction from the client’s account.

 Gulfstream charges an annual management fee of up to 1.80% of assets under management. The fee is negotiable
 and the exact fee paid by you will be stated in the client agreement signed by you and us. The fees charged by
 sub-adviser are separate and distinct from the fees charged by our firm. Such fees will be clearly listed in the
 Independent Manager’s Portfolio Management Agreement. The Independent Manager will debit their fee directly
 for your account. The combined fee charged by our firm and the Independent Manager will never exceed 2.50%
 of assets under management.

 The annual fee is billed quarterly, in advance, and is based on the total value of assets on the last day of the
 preceding quarter. Fees will be assessed pro rata in the event the Agreement is executed at any time other than
 the first day of a billing period. Fees will be adjusted for any deposits or withdrawals in excess of $100,000 during
 the quarter. We may deduct the fee from a single, client-designated account to facilitate billing.

 You may terminate the client Agreement upon 30-days' written notice to our firm. You will incur a pro rata charge
 for services rendered prior to the termination of the agreement, which means you will incur advisory fees only in

Gulfstream Asset Management
Form ADV Part 2A Brochure

 proportion to the number of days in the pay period for which you are a client. Upon termination, any prepaid,
 unearned fee will be refunded to you.

 As paying agent for our firm, your custodian will deduct the investment advisory fee directly from your account.
 The fee is deducted only when you have given us written authorization permitting the fees to be paid directly
 from your account. If insufficient cash is available to pay such fees, securities in an amount equal to the balance
 of unpaid fees will be liquidated to pay for the unpaid balance. The qualified custodian will deliver an account
 statement to you at least quarterly. These account statements will show all disbursements from your account.
 We encourage you to review the statement(s) you receive from the qualified custodian for accuracy. Further,
 Gulfstream will send you an invoice showing the amount of the fee, the time period covered by the fee, the value
 of the client’s assets on which the fee is based, and the specific manner in which the fee was calculated. If you
 have questions about your statements, or if you did not receive a statement from the qualified custodian, please
 call our office number located on the cover page of this brochure.

 Important Note: Advisory recommendations are based on the financial information and situation that you disclose
 to us at the time the services are provided. Certain assumptions may be made with respect to interest and
 inflation rates and the use of past trends and performance of the market and economy. Past performance is in no
 way an indication of future returns. As your financial situation, goals, objectives, or needs change, you must notify
 us promptly.

 Additional Information About Fees and Expenses
 All fees paid to Gulfstream for investment advisory services are separate and distinct from the fees and expenses
 charged by mutual funds or exchange traded funds to their shareholders. These fees and expenses are described
 in each fund's prospectus. These fees generally include a management fee, other fund expenses, an early
 redemption fee, and a possible distribution fee. A client could invest in a mutual fund directly, without the services
 of Gulfstream. In that case, the client would not receive the services provided by Gulfstream, which are designed,
 among other things, to assist the client in determining which mutual fund or funds are most appropriate to each
 client's financial condition and objectives. Accordingly, the client should review both the fees charged by the funds
 and the fees charged by Gulfstream to understand fully the total amount of fees to be paid by the client and to
 evaluate the advisory services being provided.

 Billing on Cash Positions in Actively Managed Accounts: Cash and cash equivalents held in actively managed
 accounts are considered an asset class. Accordingly, unless otherwise agreed in writing, such cash and cash
 equivalent positions (e.g., money market funds, etc.) are included as part of assets under management for
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Types of Clients - Item 7

 We generally offer investment advisory services to individuals, trusts, estates, charitable organizations,
 corporations, and other business entities.

 Gulfstream requires a minimum of $500,000 to open and maintain an advisory account. In our sole discretion, we
 may waive this requirement or we may combine two or more accounts owned by you and/or certain members of
 your household to meet the minimum account size.

                   Methods of Analysis, Investment Strategies and Risk of Loss - Item 8

 Our investment strategies and advice may vary depending on your specific financial situation. As such, we
 determine investments and allocations based on your predefined objectives, risk tolerance, time horizon, financial
 horizon, financial information, liquidity needs, and other various suitability factors. Your restrictions and
 guidelines may affect the composition of your portfolio. We may use one or more of the following methods of
 analysis when providing investment advice to you:

 Fundamental analysis is a method of evaluating a company or security by attempting to measure its intrinsic value.
 In other words, trying to determine a company’s or a security’s true value by looking at all aspects of the business,
 including both tangible factors (e.g., machinery buildings, land, etc.) and intangible factors (e.g., patents,
 trademarks, “brand” names, etc.). Fundamental analysis also involves examining related economic factors (e.g.,
 overall economy and industry conditions, etc.), financial factors (e.g., company debt, interest rates, management
 salaries and bonuses, etc.), qualitative factors (e.g., management expertise, industry cycles, labor relations, etc.),
 and quantitative factors (e.g., debt-to-equity and price-to-equity ratios). The end goal of performing fundamental
 analysis is to produce a value that an investor can compare with the security's current price in hopes of
 determining what sort of position to take with that security (underpriced = buy, overpriced = sell or short). This
 method of security analysis is considered the opposite of technical analysis. Fundamental analysis is about using
 real data to evaluate a security's value. Although most analysts use fundamental analysis to value stocks, this
 method of valuation can be used for just about any type of security.

 Technical analysis is a technique that relies on the assumption that current market data (such as charts of price,
 volume, and open interest) can help predict future market trends, at least in the short term. It assumes that
 market psychology influences trading and can predict when stocks will rise or fall. Technical trading models are
 mathematically driven based upon historical data and trends of domestic and foreign market trading activity,
 including various industry and sector trading statistics within such markets. Technical trading models, through
 mathematical algorithms, attempt to identify when markets are likely to increase or decrease and identify
 appropriate entry and exit points. The primary risk of technical trading models is that historical trends and past
 performance cannot predict future trends, and there is no assurance that the mathematical algorithms employed
 are designed properly, updated with new data, and can accurately predict future market, industry, and sector
 performance.

Gulfstream Asset Management
Form ADV Part 2A Brochure

 Cyclical analysis is similar to technical analysis in that it involves the analysis of market conditions at a macro
 (entire market/economy) or micro (company specific) level, rather than the overall fundamental analysis of the
 health of the particular company. The primary risks with cyclical analysis are similar to those of technical analysis.

 Charting analysis involves the gathering and processing of price and volume pattern information for a particular
 security, sector, broad index, or commodity. This price and volume pattern information is analyzed. The resulting
 pattern and correlation data is used to detect departures from expected performance and diversification and
 predict future price movements and trends. The primary risk of charting analysis is that it may not accurately
 detect anomalies or predict future price movements. Current prices of securities may reflect all information
 known about the security and day-to-day changes in market prices of securities may follow random patterns and
 may not be predictable with any reliable degree of accuracy.

 We will also rely on research obtained from third party sources. Asset allocation models used by the sub-adviser
 and/or other third-party investment advisers (listed under Item 4 above) are developed in accordance with these
 entities’ investment programs. In these cases, Gulfstream will not implement its own methods of analysis and
 investment strategies. Clients should refer to the sub-adviser’s and/or third-party investment adviser’s Form ADV
 Part 2 Brochure for more information about the methods of analysis and investment strategies used by those
 firms.

 We may use one or more of the following investment strategies when advising you on investments:

      • Long-Term Purchases – securities purchased with the expectation that the value of those securities will
        grow over a relatively long period of time, generally greater than one year. Using a long-term purchase
        strategy generally assumes the financial markets will go up in the long term which may not be the case.
        There is also the risk that the segment of the market that you are invested in or perhaps just your
        particular investment will go down over time even if the overall financial markets advance. Purchasing
        investments long-term may create an opportunity cost - "locking up" assets that may be better utilized
        in the short-term in other investments.
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