LotusGroup Capital LLC

Item 5: Fees & Compensation

Private Fund Management Services

LotusGroup Capital is compensated for its advisory services to the Funds through a management services fee
(“Management Fee”). The Management Fees charged may differ based on the Fund, the share class, and other factors. All
Management Fees are negotiable under certain circumstances and are at the discretion of LGC.

LLF typically charges Management Fees on a quarterly basis. The fees charged are typically based on the asset class of the
investor as follows:
    • Class A interests are for those members that are not clients of LGA. Class A members are generally charged a
         Management Fee of 1.5% annually.
    • Founder Class A interests are for those members that are not clients of LGA. Founder Class A members are
         generally charged a Management Fee of 1.0% annually.
    • Class B interests are for those members that are clients of LGA. Class B members are not charged a Management
         Fee for their participation in LLF. By not charging Class B members a Management Fee, LGC seeks to ensure its
         members are not subject to redundant fees and conflicts of interest between LGA and LGC.

The IPF Funds’ Management Fee is assessed quarterly and is typically driven by the share class of investment into the
respective IPF Fund. Investments in the IPF Funds are typically available in three share classes; Class A, Class B, and Class
C:
    • Class A is for existing LGA clients and includes a 0% Management Fee to eliminate redundancy for clients already
         paying a management fee for wealth management services via LGA. Class A investors are charged a 5% incentive
         fee on distributed Fund gains after 100% of their capital is returned. The intent of this 0% Management Fee share

        class is to minimize conflicts of interest for existing clients to choose to invest in the IPF Funds versus other
        alternatives with LGA (public investments, cash, direct private placements, etc.). To align LGA's interests with
        those of LGC investors, LGC has structured incentive fees to be received only on the back end, after investors in
        the IPF Funds have received back all invested capital.
    •   Class B shares are for non-LGA clients who want to access the asset class but prefer to manage the remainder of
        their assets outside LGA. Class B shares typically have a 1% Management Fee and a 10% incentive fee on
        distributable Fund gains after 100% of their capital is returned. Class B shares are subject to a Management Fee
        by LGC since investors are also not subject to management fees by LGA. In all cases, investors must be a Qualified
        Client, which is a more financially robust investor sophistication designation than an Accredited Investor.
    •   Class C shares are for previous LGA clients holding Class A shares; upon the termination of the LGA client
        relationship, the shares convert to Class C, with the same Management Fee schedule as Class B shares.

The Management Fees assessed may be negotiated as described further in the Fee Negotiation Availability section below.

Fee Negotiation Availability
Management Fees are negotiable under certain circumstances, subject to certain limitations and LGC approval. To the
extent fees are negotiable, some investors can pay more or can pay less than others for the same investment, depending,
but not limited to, investment date, number of related investments, or total assets under management. At LGC's discretion,
Fund investments made by members of the investor's family (husband, wife, and dependent children) or related businesses
can be assessed fees based on the total balance of all investments/contributions to the Funds.

Organizational Expenses
The Funds, at times, may incur organizational expenses in connection with its organization, including legal and accounting
fees and related disbursements and other charges incurred in connection and in addition to entity organization, and costs
concerning the initial offering of interests in a Fund (including travel and accommodations of personnel of the Adviser).
Organizational expenses are typically initially funded by LGC and reimbursed by the Fund(s) in a manner over an
appropriate period as determined by the Fund's governing documents and/or auditors.

Operating Expenses
The Adviser will pay all its own ordinary administrative and overhead expenses, including all costs and expenses on account
of salaries, wages, bonuses, and other employee benefits. The Funds may be subject to certain operational expenses as
allowed under each of the Fund’s respective governing documents. The term "Operating Expenses" typically means all
commissions, research fees, interest on margin accounts and other indebtedness, borrowing charges, custodial fees, bank
service fees, and any other reasonable expenses related to the evaluation, acquisition, monitoring, or disposition of Fund
investments, accounting, audit, legal, technical, taxes, and additional governmental charges, insurance premiums and other
operating expenses and all expenses in connection with the offer and sale of limited liability company interests or limited
partnership interests in the Funds, as will be determined by the Adviser in its sole and absolute discretion. Operating
Expenses are to be assessed in accordance with each of the Fund’s respective governing documents. For LLF, each
member, and for the IPF Funds, each investor, will typically be charged their pro-rata portion of Operating Expenses
incurred, pursuant to each Fund’s respective governing documents.

Other Possible Types of Fees or Expenses
In addition to Management Fees, organizational expenses, and operating expenses, investors can also incur certain charges
imposed by third parties. Examples of these fees include but are not limited to markups, markdowns, commissions, bank
...

Item 7: Types of Clients

The Adviser provides discretionary management and advisory services to the Funds directly and not individually to Fund
investors or members.

Interests in the Funds are offered pursuant to applicable exemptions from registration under the Securities Act of 1933
and the Investment Company Act of 1940. Investors in the Funds are generally expected to be of sufficient investment
sophistication, including those qualifying as an “Accredited Investor” defined under the Securities Act of 1933, and as it
pertains to those subject to a performance fee as described in Item 6: Performance-Based Fees & Side-By-Side Management above,
those qualifying as “Qualified Clients” under the Investment Advisors Act of 1940, and typically include, among others,
high net worth individuals, institutions, family offices, pension and profit sharing plans, RIAs, trusts, estates, endowments,
and other such entities or qualifying individuals. Details concerning applicable LLF and the IPF Funds’ investor suitability
criteria are outlined in the relevant Fund's Offering Memorandum and accompanying legal documents.

Minimum investment size will vary depending on the Fund and shall be stated in the respective Fund’s governing
documents. LLF generally requires a minimum initial subscription of a Member be one hundred thousand dollars
($100,000). For the IPF Funds, LGC requires a typical minimum investment of two-hundred and fifty thousand dollars
($250,000). In their sole and absolute discretion, the Fund’s General Partners or LGC can permit investments of a smaller
amount.