Swiss Select Advisors LLC

Item 5 - Fees and Compensation

The specific manner in which SSA charges fees is established in the relevant confidential private
offering memorandum, investment management agreement, and other governing documents
("Governing Documents"). Below are the Firm’s standard fee schedules. It is critical that potential
clients refer to the Governing Documents applicable to their relationship with the Firm for a
complete understanding of the fees they will be charged. The information contained herein is a
summary only and is qualified in its entirety by such Governing Documents.

Fund:

  1. Annual Management Fee equal to one- and one-half percent (1.5%) of the US Fund's net assets,
  plus two percent (2.0%) of the Offshore Fund’s net assets.

  2. Annual Performance Fee equal to twenty percent (20%) of the Master Fund's total annual return
  during each calendar year, subject to a high-water mark. The high-water mark provides that the
  Performance Fee will be paid only after the Master Fund has recouped any prior losses incurred
  subsequent to the previous payment of the performance fee.

  SSA invoices the Fund for fees payable. Compensation is payable quarterly in arrears and is
  automatically deducted from the assets of the respective funds. Termination of the advisory
  contract is subject to the terms of such contract.

  Other than the Annual Management Fee and the Annual Performance Fee, no other fees or
  expenses must be paid by the Fund to SSA in connection with SSA’s advisory services.
  Custody and broker- dealer fees are paid by the Fund.

  Managed Accounts:

  1. Annual Management Fee: ranges from zero percent (0%) and two percent (2%) of the client’s
  assets under management clearly described in each client’s investment advisory contract.

  2.Annual Performance Fee: SSA may charge performance fees to certain qualified clients. These

  fees are negotiated with each client and range from zero percent (0%) and twenty percent (20%) of
  the account’s total annual return and are generally subject to a high-water mark and/or a hurdle rate
  as described in the investment advisory contract.

  The Annual Performance Fee and Annual Management Fee for individually managed accounts are
  negotiable. SSA notifies the managed account clients for fees payable. Fees are automatically
  debited on an annual basis from the client’s account in arrears which may be modified in each
  client’s investment advisory contract. For those client accounts which have an allocation to the
  Fund, for fee calculation purposes, such client’s account value is adjusted by subtracting the value
  of the client’s holdings in the Swiss Select Global Equity Fund. Termination of the advisory
  contract is subject to the terms of the advisory contract between SSA and the managed account
  client.

  The managed account clients also incur transaction fees or commissions from the broker dealer
  through which the investments are purchased or sold. The custodian is selected by the managed
  account client, and the custodian will select the broker-dealer to execute the trades.

  SSA does not receive any other compensation or fees from the sale of securities or other
  investment products from any third party.

 Under no circumstances does SSA require or solicit fees in advance of service.

Item 7 - Types of Clients
 SSA provides advisory services to the following types of clients:
        High net worth Individuals
        Pooled investment vehicles
 The minimum account size is $500,000 for the Fund and $1 million for managed accounts, subject
 to the discretion of SSA to accept a lower amount for an initial subscription.