Periope LC

Item 5 Fees and Compensation
Selection of Other Advisors

We are not compensated directly from you for asset management services but rather through the Third
Party Money Manager ("MM") fee remitted to us from SEI. SEI's fees are withdrawn from your
investment account each month. While we endeavor at all times to put your interests first as part of our
fiduciary duty, you should be aware that the receipt of the third party advisory fee, in and of itself,
creates a conflict of interest.

This compensation arrangement and the compensation received gives Periope or its supervised
persons an incentive to recommend investment programs based on the compensation rather than the
client's needs. We address this conflict of interest by disclosing to you all fees involved with the
investment programs listed below.

SEI Management Program
Our advisory fee for assets managed through SEI Management Programs is based on an percentage
of the assets we manage and is set forth in the following fee schedule:

Assets Under Management          Annual Fee
      $1 to $1,000,000             1.00%
  $1,000,001 to $3,000,000         0.90%
  $3,000,001 to $5,000,000         0.70%
  $5,000,001 to $7,500,000         0.55%
 $7,500,001 to $10,000,000         0.40%
   $10,000,001 and above           0.25%

Our advisory fees are negotiable. The advisory fees that you pay to SEI are separate and in addition to
our advisory fee. SEI's fees are stated and payable in accordance with SEI's brochure which is
provided to you. SEI's fees may or may not be negotiable. Total asset under management fees, when
our advisory fee is combined with SEI's advisory fee will not exceed 2% of assets under management.
You may obtain the same or similar services from other advisers for a lower percentage of assets
under management.

You should review the SEI's brochure and take into consideration SEI's fees along with our fees to
determine the total amount of fees associated with this program.

You should be aware that the SEI Management Program may cost more or less than separately
purchasing the investment advisory and other services offered under the SEI Management Program if
they were available separately. The combination of services available under the Program may not be
available separately or may require additional accounts, documentation and fees. In addition, certain
investment managers available to you in connection with the SEI Management Program may not be
available to you outside the Program because of minimum account sizes, fee schedules or other
factors.

Periope's fees are billed and paid monthly in arrears. If our services are retained in the middle of a
month, the fee for such month will be calculated on a pro rata basis, based upon the number of days
remaining in the month. We will deduct our fee directly from your account through the qualified
custodian holding your funds and securities. We will deduct our advisory fee only when you have given
our firm written authorization permitting the fees to be paid directly from your account. The qualified
custodian will deliver a monthly account statement to you. These account statements will show all
disbursements from your account. You should review all statements for accuracy. If you did not receive
a statement from your custodian, please contact us at the telephone number on the cover page of this
brochure.

Additionally, SEI Investments Company sends a quarterly report, indicating market value, cash flows,
gains and losses, asset allocation, and performance as it relates to a style benchmark and annually,
you will receive a tax report for non-qualified accounts.

You may terminate the investment advisory agreement upon 30 days written notice to our firm. You will
incur a pro rata charge for services rendered prior to the termination of the portfolio management
agreement, which means you will incur advisory fees only in proportion to the number of days in the
month for which you are a client.

Portfolio Management Services
Our advisory fee for portfolio management services is based on a percentage of the assets in your
account and is set forth in the following annual fee schedule:

Assets Under Management          Annual Fee
      $1 to $1,000,000             1.00%
  $1,000,001 to $3,000,000         0.90%
  $3,000,001 to $5,000,000         0.70%
  $5,000,001 to $7,500,000         0.55%
 $7,500,001 to $10,000,000         0.40%
   $10,000,001 and above           0.25%

Our advisory fees are negotiable. Administrative fees charged by SEI are separate and in addition to
our advisory fee. SEI's fees are stated and payable in accordance with SEI's brochure which is
provided to you.

Pension Consulting Services
The compensation arrangement for these services will be according the following fee schedule:

        Assets Under Management                 Annual Fee
              $1 to $1,000,000                    1.00%
          $1,000,001 to $3,000,000                0.90%
          $3,000,001 to $5,000,000                0.70%
          $5,000,001 to $7,500,000                0.55%
         $7,500,001 to $10,000,000                0.40%
           $10,000,001 and above                  0.25%

Pension Consulting fees are negotiable. Fees are billed and paid monthly in arrears. If our services are
retained in the middle of a month, the fee for such month will be calculated on a pro rata basis, based
upon the number of days remaining in the month. The fees are withdrawn directly from the
participant's account at the end of each month by the Plan Sponsor. The Plan Sponsor then remits our
advisory fees directly to us. We do not have custody directly, or indirectly of your funds or securities.

Either party to the pension consulting agreement may terminate the agreement upon 30-days' written
notice to the other party. The pension consulting fees will be prorated for the month in which the
termination notice is given and any unearned fees will be refunded to the client.
...

Item 7 Types of Clients
We offer investment advisory services to individuals, high net worth individuals, pension and profit
sharing plans (but not the plan participants), corporations, and other business entities. We do not have
any minimum account requirements.