L Capital LLC

Item 5: Fees and Compensation

       Private Fund Management Services Fees

       The fees for the various private fund that LCL manages are found in the fund
       prospectus. The prospectus may be located on the SEC EDGAR system. If you would
       like additional information on the fees charged by the private funds that LCL manages,
       please visit https://www.sec.gov/edgar/searchedgar/companysearch to learn more or
       LCL can provide any information at the client’s request.

       Clients are responsible for the payment of all third-party fees (i.e. custodian fees,
       brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
       distinct from the fees and expenses charged by LCL. Please see Item 12 of this brochure
       regarding broker-dealer/custodian.

       Neither LCL nor its supervised persons accept any compensation for the sale of securities
       or other investment products, including asset-based sales charges or service fees from the
       sale of mutual funds.

       LCL’s supervised persons receive carried interest. More information about this can be
       found in Item 6 and Item 11 of this Brochure.

Item 7: Types of Clients

LCL generally provides advisory services to the following types of clients:

       ❖       Pooled Investment Vehicles

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