Lobscouser II LLC

Item 5 – Fees and Compensation

In addition to the information provided in Item 4 – Advisory Business, this section provides additional
details regarding our firm’s services along with descriptions of each service’s fees and compensation
arrangements. It should be noted that lower fees for comparable service may be available from other
sources. The exact fees and other terms will be outlined in the agreement between you and Aquilant
Advisors.

Asset Management Services

Asset Management Services Fees Billed as a Percentage of Assets Under Management

Fees charged for our asset management services can be charged based on a percentage of assets
under management, billed in advance (at the start of the billing period) on a quarterly calendar basis and
calculated based on the fair market value of your account as of the last business day of the previous
billing period. Fees are prorated (based on the number of days service is provided during the initial billing
period) for your account opened at any time other than the beginning of the billing period. If asset
management services are commenced in the middle of a billing period, then the prorated fee for that
billing period is based on the value of the account when services are commenced and is due immediately
and will be billed when services commence.

The asset management services continue in effect until terminated by either party (i.e., Aquilant Advisors
or you) by providing written notice of termination to the other party. Any prepaid, unearned fees will be
promptly refunded by Aquilant Advisors to you. Fee refunds will be determined on a pro rata basis using
the number of days services are actually provided during the final period.

Aquilant Advisors                                 Page 14           Form ADV Part 2A Disclosure Brochure

The annual fee for asset management services will range up to 2.25%. The actual asset management fee
to be paid will be specified in your Client Agreement.

Asset management Services Billed on a Flat Annual Fee Basis

At the discretion of the Advisor client may be offered asset management services on a flat annual fee
basis. Accounts on this program will be charged up to 1.5% of the accounts value calculated at the end of
each calendar quarter billed in advance.

More Information Concerning Asset Management Service Fees

Fees charged for our asset management services are negotiable based on the type of client, the
complexity of the client's situation, the composition of the client's account (i.e., equities versus mutual
funds), the potential for additional account deposits, the relationship of the client with the investment
adviser representative, and the total amount of assets under management for the client.

The amount of the asset management fee charged to your account will be specified in your Client
Agreement with Aquilant Advisors.

Aquilant Advisors believes that its annual fee is reasonable in relation to: (1) services provided and (2) the
fees charged by other investment advisers offering similar services/programs. However, our annual
investment advisory fee may be higher than that charged by other investment advisers offering similar
services/programs. In addition to our compensation, you may also incur charges imposed at the mutual
fund level (e.g., advisory fees and other fund expenses).

You can choose how to pay your investment advisory fees. The investment advisory fees can be
deducted from your account and paid directly to our firm by the qualified custodian(s) of your account or
you can pay our firm upon receipt of a billing notice sent directly to you.

If you choose to have the investment advisory fees deducted from your account, you must authorize the
qualified custodian(s) of your account to deduct fees from your account and pay such fees directly to
Aquilant Advisors.

You should review your account statements received from the qualified custodian(s) and verify that
appropriate investment advisory fees are being deducted. The qualified custodian(s) will not verify the
accuracy of the investment advisory fees deducted.

                        Additional Fee Charges for Asset Management Services

In addition to Management Fees, Clients may incur commissions or transaction-based fees charged by
the qualified custodian for security transactions within their account. Aquilant Advisors’ management fee
will not be reduced to offset any commissions charged to the Client. Clients are under no obligation to act
upon our recommendations, if the client elects to act on any of the recommendations; they are under no
obligation to affect the transaction through our firm and are free to transact business with any firm they
may choose. Brokerage commissions and/or transaction ticket fees charged by the qualified custodian
are billed directly to you by the qualified custodian. Aquilant Advisors does not receive any portion of
such commissions or fees from you or the qualified custodian. Therefore, there is no conflict of interest
created.

Aquilant Advisors                                  Page 15            Form ADV Part 2A Disclosure Brochure

In addition, you may incur certain charges imposed by third parties other than Aquilant Advisors in
connection with investments made through your account including, but not limited to, mutual fund sales
loads, 12(b)-1 fees and surrender charges, variable annuity fees and surrender charges, IRA and
qualified retirement plan fees, and charges imposed by the qualified custodian(s) of your account.
Aquilant Advisors does not receive any transaction-based compensation from activity in your managed
account.

Management fees charged by Aquilant Advisors are separate and distinct from the fees and expenses
charged by investment company securities that may be recommended to you. A description of these fees
and expenses are available in each investment company security’s prospectus.

Asset Mark/SEI/Wealthport Platforms
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Item 7 – Types of Clients

Aquilant Advisors generally provides investment advice to the following types of clients:

    •   Individuals
    •   High net worth individuals
    •   Trusts, estates, or charitable organizations
    •   Corporations or business entities other than those listed above

You are required to execute a written agreement with Aquilant Advisors specifying the particular advisory
services in order to establish a client arrangement with Aquilant Advisors.

Minimum Investment Amounts Required

There is a $25,000 minimum investment amounts for establishing a retirement account managed by
Aquilant Advisors. There is no minimum for establishing a non-retirement account managed by Aquilant
Advisors. All clients are required to execute an agreement for services in order to establish a client
arrangement with Aquilant Advisors.