Museum Mile Funds 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 performance/incentive
                      fee/allocation arrangements with the Client.

                      Management fees are calculated based on a periodic percentage of the
                      value of an account’s assets under management (the “Management
                      Fee”), and may range from 0% - 0.50%, or other percentage as may be
                      agreed upon and documented in the Investment Advisory Agreement
                      executed with the client.

      In addition, the Firm may collect incentive fees/allocations based on the
      performance of investments. Please refer to Item 6, below, for a more
      detailed description of incentive fees/allocations, and related conflicts of
      interest.

(B)   Payment of Fees: Management Fees are billed periodically, generally
      monthly, in arrears. The Firm may also receive a performance-based fee
      or incentive fee (the “Performance Fee”), as negotiated and agreed with
      the Client, which is tied to the capital appreciation within the Client
      account as evaluated at the end of each evaluation period, which is
      usually each month. The Management Fees and Performance Fee will be
      payable monthly in arrears or as described in the investment
      management agreement. Fees will either be deducted from clients’
      assets or billed to clients, depending on client preference.

(C)   Additional Fees and Expenses: In addition, in most cases Clients will incur
      brokerage and other transaction costs. Clients should review carefully
      Item 12, which discusses conflicts of interest related to brokerage
      practices. Brokerage commissions and/or transaction ticket fees charged
      by a custodian will be billed directly to the Client. 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, management and/or incentive
      fees from underlying collective investment vehicles (to the extent
      invested in such vehicles), mutual fund sales loads, 12(b)-1 fees, and
      surrender charges, and IRA and qualified retirement plan fees.
      Management fees and/or performance allocations 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 investment
      company security’s prospectus.

      Clients will also bear any agreed upon expenses as set forth in the relevant
      investment management agreement. In the Firm’s sole discretion, Client
      expenses may be waived or capped, and/or borne by the Firm, in order
      to improve the net outcome for the Client.

(D)   Fees Paid in Advance/Arrears: Fees are billed in arrears. There is no
      refund process.

           (E)     Additional Compensation of Supervised Persons: No supervised person
                   accepts compensation for the sale of securities or other investment
                   products.

Item 7 - Types of Clients:

            The Firm’s Clients are separately managed accounts, which may include
            institutions like pension funds, small businesses, corporates, insurance
            companies, trusts, foundations and endowments, although individuals also are
            account holders. The Firm also has and/or will have as Clients pooled investment
            funds, including registered investment companies. The minimum initial
            investment in a separately managed account generally is $1,000,000; however,
            there is no absolute minimum and each agreement is individually negotiated.