LGL Partners LLC

Item 5 - Fees and Compensation

  A. LGL offers its services to clients on a fee basis, which may include fixed fees or fees
     based on assets under management.

     Investment Management Fees

     If engaged to provide investment management services, LGL charges either an annual fee
     based upon assets under management which may be subject to a minimum fee or, in the
     alternative, a fixed annual fee. The Firm’s asset-based fee generally varies between
     0.25% and 1.50% of the assets under management depending on the size of the
     investment portfolio, the complexity of an engagement and the type of services to be
     rendered. The fee is prorated and generally charged quarterly, in arrears, based upon the
     average daily balance of the assets during the previous quarter. In certain circumstances,
     LGL’s fees may be negotiable.

     The Firm’s fixed fees generally range from $5,000 to $2,000,000 annually and are
     charged quarterly in advance or arrears, depending on the client’s arrangement. These
     fees are independently negotiated between LGL and a client prior to commencing
     services.

     Financial Planning and Consulting Fees

     LGL charges a fixed fee for its standalone financial planning and consulting services.
     These fees are negotiable, but generally range from $5,000 to $2,000,000. These fees are
     determined by the complexity of an engagement, the level and scope of services, and the
     professionals engaged to render the services. If the client engages LGL for additional
     investment advisory services, LGL may offset all or a portion of its investment
     management fees based upon the amount paid for planning or consulting services.

     Generally, LGL requires one-half of the fixed fee payable upon entering into a contract
     with a client. The balance is generally due upon delivery of the financial plan or
     completion of the agreed upon services.

     Management Fees of AM Global Core Fund LLC

     Pursuant to the Core Fund’s Operating Agreement, each member holding Class A
     interests shall pay to LGL a quarterly management fee in arrears, calculated at the rate of
     one percent (1.0%) per annum, and payable promptly after the last day of each quarter,
     based on the value of each member’s capital account.

     Management Fees of Stanhope FFT Global Ventures LP

     Pursuant to the Partnership Agreement of Stanhope FFT Global Ventures LP, each
     member holding interests shall pay to LGL a quarterly management fee, calculated at the
     rate of one percent (1.0%) per annum, based on each member’s capital commitment

   during the investment period, plus, for Class A-1 and A-2 investors, seventy-five one-
   hundredths percent (0.75%) per annum of the aggregate of each member’s capital
   contributions. After the investment period, the management fee shall equal one percent
   (1.%) per annum of the lessor of each investor’s aggregate capital contributions or pro
   rata share of NAV, plus, for Class A-1 and A-2 investors, seventy-five one-hundredths
   percent (0.75%) per annum of the aggregate of each member’s capital contributions. In
   addition, LGL, or an affiliate, may charge a performance fee, or carried interest, which is
   described below in Item 6 - Performance-Based Fees and Side-by-Side Management.
   LGL has discretion to waive these management and performance fees for certain wealth
   management clients of FFT.

B. Deduction of Fees.

   LGL bills its clients in accordance with the client’s investment advisory agreement.
   Generally, pursuant to the authority granted in the client’s investment advisory
   agreement, LGL will debit its fees directly from the client’s account(s). However, clients
   have the ability to elect for direct invoicing.

   Clients are billed quarterly, in arrears, unless otherwise agreed. For the initial period of
   investment management services, the fees are calculated on a pro rata basis. LGL’s fees
   are prorated through the date of termination and any remaining balance is charged or
   refunded to the client, as appropriate.

   Certain third-party managers may employ different billing practices than LGL. In such
   circumstances, in the interest of efficiency, LGL may alter its billing practices to
   accommodate those of the third-party manager.

C. Other Fees and Expenses.

   All portfolios incur brokerage and other transaction costs. Please refer to Item 12 for
   additional information about brokerage fees.

   Clients may incur additional fees charged by affiliated/third-party managers, custodial
   fees, charges imposed directly by a mutual fund or ETF which are disclosed in the funds’
   prospectus, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and
   electronic fund fees, and other fees and taxes on brokerage accounts and securities
   transactions. Such charges, fees, and commissions are exclusive of and in addition to
   LGL’s fees.

   Specifically, Optima Asset Management LP (“Optima”), a firm affiliate, is the investment
   adviser to private funds and a registered fund, the Optima Strategic Credit Fund
   (“OPTCX”). Optima may charge management and performance fees to investors in the
   Optima private funds. Optima receives a 50-basis point management fee from Optima
   Strategic Credit Fund; 50% of that fee is paid to Anthony Capital Management, an
   unaffiliated sub-adviser to the fund.

D. Advance Billing.

   Some of LGL’s clients may pay fees in advance. If the account terminates during the
   period for which the fees have been pre-paid, the Firm will prorate the client’s fee for the
   time LGL’s managed the account during the period and rebate the difference to the client.

E. Additional Compensation.

   None of LGL’s supervised persons accepts compensation for the sale of securities or
   other investment products, including asset-based sales charges or service fees from the
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Item 7 - Types of Clients
LGL offers its services to individuals, investment limited partnerships or other collective
vehicles, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations,
and business entities.

LGL generally does not impose a minimum portfolio size or minimum annual fee. Certain third-
party managers may impose account minimums.