Linmar Capital LLC

Item 5.         Fees and Compensation:

                    (A)   Generally: All fees are individually negotiated. Circumstances
                          considered when negotiating fees may include, without limitation,
                          customary market rates, specialized guidelines, and other fee
                          arrangements with the Client.

                          The Firm generally charges a 1% management fee (the “Management
                          Fee”) to all Clients, as described in the Client’s investment
                          management agreement (“IMA”). Clients are also charged a 10%
                          performance fee based on the increase in net asset values of such
                          Client’s Account, subject to a high water mark (the “Performance
                          Fee”). The Performance Fee is charged on an annual basis and must
                          be paid by the Client within 15 calendar days of the end of the
                          calendar year end.

                    (B)   Payment of Fees: The Management Fee is charged on a quarterly
                          basis, in arrears. Performance Fees are charged on an annual basis, in
                          arrears, as provided in the IMA with the Client, based on the value of
                          the Client’s account(s) as of the close of the calendar year. No
                          amount of the Performance Fee will be refunded under any
                          circumstance, unless the Firm, in its sole discretion, determines
                          otherwise.

                    (C)   Additional Fees and Expenses: At the discretion of the Firm,
                          Performance Fee shall be paid directly to the Firm from the Client
                          account. If the Firm does not elect to receive direct payments from
                          the Client’s account, Clients shall be invoiced on an annual basis and
                          such Performance Fee shall be due and payable in full within fifteen
                          (15) days of billing.

                          Clients will also bear any agreed upon expenses as set forth in the
                          relevant IMA, including brokerage and other transactions costs.
                          Without limiting the foregoing, generally, the Client shall pay, or
                          reimburse the Firm for, certain fees and expenses which may include,
                          in some or all instances, fees and costs relating to the trading of
                          securities, brokerage commissions (see Item 12, “Brokerage
                          Practices”), costs of borrowing securities to be sold short, costs of
                          preparing and mailing reports to Clients, and other similar fees and
                          expenses. The Client may also pay or reimburse the Firm for research
                          fees and expenses (including online news and quotation services)
                          appropriately allocable, in the Firm’s discretion, to the operations of
                          advising said Client.

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                           The Firm will not receive any portion of such commissions or fees
                           from the custodian or Client. In addition, Clients may incur certain
                           charges imposed by third parties other than the Firm in connection
                           with investments made through the account, including but not limited
                           to, mutual fund sales loads, 12(b)-1 fees, and surrender charges, and
                           IRA and qualified retirement plan fees. Performance Fees charged
                           by the Firm are separate and distinct from the fees and expenses
                           charged by investment company securities that may be recommended
                           to Clients. A description of these fees and expenses are available in
                           each mutual fund’s security’s prospectus.

                    (D)    Fees Paid in Advance: The Management Fee is charged on a
                           quarterly basis, in arrears.

                    (E)    Additional Compensation of Supervised Persons: Neither the Firm
                           nor any of its supervised persons accepts compensation for the sale of
                           securities or other investment products.

Item 7.         Types of Clients: The Firm offers advisory services to separately managed
                    accounts, that generally include high net worth individuals, trusts, estates,
                    charitable organizations and/or other institutional investors. In general, in
                    order to become a Client of the Firm, such prospective Client must meet
                    certain minimum suitability requirements, including qualifying as an
                    “Accredited Investor” under the Securities Act of 1933, as amended, and as
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                    a “Qualified Client” under the Investment Advisers Act of 1940, as
                    amended. The Firm typically accepts a minimum investment of $1,000, 000
                    but may accept lesser amounts in its sole discretion and only to such extent
                    as permitted by law or regulation.