Vanbarton Group LLC

Item 5 Fees and Compensation

                                                   FEES

Each of the various fees which the Advisor negotiates with its clients, is set forth in the investment
management agreement between the Advisor and the advisory client. The Advisor generally receives an
annual asset management fee equal to between 0.50% and 1.25% of the equity investment in a
transaction. In addition, the Advisor, or an affiliate of the Advisor, which in some cases acts as the
managing member of the asset-owning entities, typically earns a "promote" or profit participation. Such
promotes are generally earned and payable to the Advisor or such affiliate after the return of all capital
to the client and a stated priority annual return which generally ranges between 8% and 10% per annum.
In certain cases, the Advisor receives (a) in connection with equity investments, an acquisition fee of up
to 1.0% of the total cost of the acquisition as provided in the respective investment advisory agreement
and (b) in connection with debt investments, an origination fee of up to 0.75% of the total amount of the
debt investment as provided in the respective investment advisory agreement. The Advisor may also
receive, in connection with equity investments, a financing fee of up to 0.5% of the amount borrowed to
acquire or refinance such equity investment. Other fees, promote structures, and any other terms may be
negotiated and agreed to if and to the extent the Advisor or its affiliates and the client deem appropriate.

Asset management fees are generally paid, pursuant to the client agreement, to the Advisor generally
monthly or quarterly in arrears. The Advisor either bills its clients for its fees or deducts them from client

assets, as provided in the investment advisory agreement.

                                      GENERAL INFORMATION

Termination of the Advisory Relationship: Generally, a client agreement may be canceled at any time
without additional cost, by either party, for any reason upon a prescribed notice period as agreed upon
by the parties.

Advisory Fees in General: Clients should note that similar advisory services may (or may not) be
available from other registered (or unregistered) investment advisers for similar or lower fees.

Limited Prepayment of Fees: Under no circumstances does the Advisor require or solicit payment of
fees in excess of $1200 more than six months in advance of services rendered.

Item 7 Types of Clients

The Advisor provides advisory services to the following types of clients:

           1. Pension and profit-sharing plans (but not the plan participants or government pension
              plans)
           2. Pooled investment vehicles (other than investment companies and business development

               companies)
            3. State or municipal government entities (including government pension plans)
            4. Institutional Clients