K Fund Capital Management LLC

Item 5: Fees and Compensation

       KFCML provides advice to private funds. The advisory fees that KFCML receives for
       providing those services are set forth in the agreement between KFCML and the Fund.

       Refunds for fees paid in advance will be returned within fourteen days to the client via
       check, or return deposit back into the client’s account. Additional detail about the fees
       charged to an investor in such fund is available in the current prospectus for the fund.

       Private Funds are responsible for the payment of all third-party fees (i.e. custodian fees,
       brokerage fees, accounting/audit fees, administration fees, etc.). Those fees are separate
       and distinct from the fees and expenses charged by KFCML.

       Gary Marshall Post in his outside business activities (see Item 10 below) is licensed to
       accept compensation for the sale of investment products to KFCML clients. This presents
       a conflict of interest and gives the supervised person an incentive to recommend products
       based on the compensation received rather than on the client’s needs. When
       recommending the sale of securities or investment products for which the supervised
       persons receives compensation, KFCML will document the conflict of interest in the client
       file and inform the client of the conflict of interest. Clients always have the right to decide
       whether to purchase KFCML-recommended products and, if purchasing, have the right
       to purchase those products through other brokers or agents that are not affiliated with
       KFCML.

       Commissions are not KFCML’s primary source of compensation for advisory services.
       Advisory fees that are charged to clients are not reduced to offset the commissions or
       markups on securities or investment products recommended to clients.

Item 7: Types of Clients

KFCML generally provides advisory services to Pooled Investment Vehicles.

There is no account minimum for any of KFCML’s services.