Skyview Investment Advisors LLC

Item 5       Fees and Compensation
A. DESCRIPTION OF FEES

   SKYVIEW may tailor fee arrangements to fit client objectives. Fees are negotiable on a
   client-by-client basis.
1. Asset Management
   Unless otherwise described below or negotiated with a specific client, SKYVIEW charges
   annual fees based on assets under management or advisement for discretionary and non-
   discretionary mandates, generally ranging from 0.25% to 2.00% of assets.

   SKYVIEW’s fees are exclusive of brokerage commissions, external sub-advisor/manager
   fees, custodial fees, transaction fees, and other related costs and expenses, which are
   incurred by the client. Third party mutual funds, exchange-traded products, private
   placements also charge internal management and administrative fees that are disclosed
   in either a prospectus or private placement memorandum. Such charges and fees are in
   addition to SKYVIEW’s fee.

   SKYVIEW may provide advice to clients regarding investments in third party private
   placement funds, private investments, exchange traded products, and mutual fund
   shares. Each of these funds pays fees, borne by its shareholders, to the manager of the
   fund. Typically SKYVIEW bases its fee on a percentage of the market value of all assets in
   the client’s account, including the value of these other funds. As a result, a client whose
   portfolio is invested in one or more of these funds will bear the client’s proportionate
   share of those fund’s fees and expenses and pay another fee to SKYVIEW. The client could
   invest in the same fund(s) without paying a fee to SKYVIEW, but would then not have the
   benefit of the advice, analyses, and monitoring SKYVIEW provides. If SKYVIEW were to
   recommend investment in a product which SKYVIEW directly manages, and for which
   they earn a management fee, then the client will not pay duplicate fees to SKYVIEW on
   that amount invested. There may be a layering of fees when a client or investor
   participates via a Fund of a Fund type of vehicle. Each client or investor is encouraged to
   read the disclosure statements in the Brochure and Private Placement Memorandum
   (PPM).

   SKYVIEW may at its sole discretion negotiate or waive stated fees on a client-by-client
   basis.

2.   Advisory Consultations
     For its advisory consulting services, SKYVIEW may charge either an hourly rate of up to
     $1000 to $4000 per hour, or a fixed fee for the entire project based upon the specifics
     of the project. The terms of payment are based upon the agreement with the unaffiliated
     registered investment advisers, family offices or other institutions, taking into
     consideration the scope of services being provided and the length of the consulting
     agreement.
 B. BILLING PROCEDURES
     The advisory fees are generally payable on a monthly basis and in accordance with
     the terms agreed upon by SKYVIEW and each respective client.
     All fees paid to SKYVIEW are separate and distinct from o t h e r fees charged by
     t h i r d p a r t y s u b - a d v i s o r s o r f u n d s to their shareholders. Fees and
     expenses paid by shareholders in the fund are described in each Fund’s prospectus.
     These fees will generally include a management fee, other fund expenses, and a possible
     distribution fee and/or performance fee.

 C. OTHER COMPENSATION
     Neither the Firm nor its principals accept compensation for the sale of securities or
     other investment products, including asset-based sales charges or service fees from the
     sale of mutual funds.

Item 7        Types of Clients

     SKYVIEW provides advisory services to institutional clients, businesses, family offices,
     private funds, special purpose vehicles (SPVs) and other commingled vehicles, high net
     worth individuals, individuals, and wealth managers where these firms work directly
     with the individual end client to establish the client’s investment objectives and risk
     profile. SKYVIEW may also advise or sub -advise funds, such as mutual funds,

   private placement funds, as well as separately managed accounts. SKYVIEW also
   provides consulting services to i n s t i t u t i o n s , f a m i l y o f f i c e s , a n d registered
   investment advisers and offers portfolio management and advisory services for other
   businesses and/or institutional clients.