GKB Partners LLC

Item 5: Fees & Compensation

A. Non-Discretionary Investment Advisory Services

        Presently, GKB provides only non-discretionary investment management services. Our
fees for such services are fully negotiable with each individual client and are set forth in the
client’s investment management agreement.

        GKB’s fees may include: (1) a fee based on a percentage of the value of the assets under
management; (2) a fixed fee; (3) a co-investment share of a client’s investment,
(4) performance fees based upon an agreed percentage of the capital appreciation of a client’s
portfolio payable to GKB (carried interest), and/or (5) an annual success fee based on criteria
agreed with the relevant client.

B. Payment of Fees

        All fees payable by clients are paid directly to GKB based upon the terms and conditions
of the relevant investment management agreement.

        GKB is never authorized to deduct fees from a client account, and has no access to any
client accounts or assets. If a company owned by a client becomes public, the client may elect
to have such company’s public securities held by a custodian selected by the client. In such
instances, GKB’s fees will continue to be paid directly by the client.

        The Investment Management Agreement between GKB and a client will continue in
effect until terminated according to the termination provisions of the agreement, which will
also include the terms and conditions related to fees payable or returnable upon termination.

C. Additional Client Fees

       In addition to our investment management fees, clients may reimburse GKB for
expenses, such as travel expenses to visit a company for due diligence or other expenses
incurred at the client’s request. The exact expenses reimbursed by any client are set forth in
our investment management agreement with that client.

        Clients may incur third-party fees if and when a broker-dealer/custodian is used to
acquire or sell a client’s investment assets or introduces a company in which a client invests.
Clients may also incur additional fees if they elect to retain the services of third-parties to
perform due diligence on prospective investments to supplement the due diligence we conduct
prior to making an investment recommendation.

D. Outside Compensation

         GKB or its personnel does not currently accept compensation for the sale of securities or
other investment products. However, we or any of our personnel may do so in future, provided
(i) any such compensation is disclosed to involved clients prior to their investment decision
regarding the relevant transaction, and (ii) that such compensation is paid in accordance with
relevant laws and regulations.

Item 7: Types of Clients

      GKB provides investment advisory services to high net worth individuals. GKB does not
prospect or maintain client relationships with “retail” clients.

        Our investment management services are individually negotiated with each client, both
in regard to the scope of the services we provide and our fees for such services. We reserve the
right to accept or reject any prospective client.