Vizcaya Capital LLC

Item 5 Fees and Compensation
Portfolio Management Services

Our fee for portfolio management services is 1.00% of your assets we manage. Our annual portfolio management fee
is billed and payable quarterly in arrears based on the value of your account on the last day of the quarter.

If the portfolio management agreement is executed at any time other than the first day of a calendar quarter, our fees
will apply on a pro rata basis, which means that the advisory fee is payable in proportion to the number of days in the
quarter for which you are a client. Our advisory fee is negotiable, depending on individual client circumstances.

We send clients quarterly invoices that indicate the amount of fees and payment detail. The client authorizes the invoice
by signing it and sends the invoice and wire instructions to the custodian to then receive payment. Vizcaya Capital
LLC does not debit fees from client accounts.

We send you an invoice indicating the formula used to calculate, the amount of assets under management on which
each fee is based, and the time period covered by the fee.

The qualified custodian will deliver an account statement to you at least quarterly. These account statements will
show all disbursements from your account. You should review all statements for accuracy.

You may terminate the portfolio management 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 quarter for which you are a client. If
prepaid fees: If you have pre-paid advisory fees that we have not yet earned, you will receive a prorated refund of
those fees.

We encourage you to reconcile our invoices with the statement(s) you receive from the qualified custodian. If you find
any inconsistent information between our invoice and the statement(s) you receive from the qualified custodian please
call our main office number located on the cover page of this brochure.
Sub-Advisory Services

The advisory fee clients pay to the Primary Investment Adviser is established and payable in accordance with the
brochure provided by the Primary Investment Adviser. These fees may or may not be negotiable. We share in the fee
paid to the Primary Investment Adviser and do not charge any separate or additional fee to the clients.

Clients are required to sign an agreement directly with the Primary Investment Adviser. Clients may terminate their
advisory relationship with the Primary Investment Adviser according to the terms of their agreement with the Primary
Investment Adviser.

Private Fund Fees

All fees paid to Vizcaya Capital, LLC for investment advisory services are separate and distinct from the fees and
expenses charged by the Glide Fund SPC Ltd ("Fund" or "Master Fund") to the investors in the Fund as members or
partners of the private pooled investment vehicle. These fees and expenses are described in each private fund's offering
documents. Such fees will generally include a management fee, other fund expenses, and a performance- based fee. A

client could possibly invest in a private fund directly, without our services. In that case the client would not receive
the services provided by Vizcaya Capital LLC, which are designed, among other things, to assist the client in
determining which private Fund or Funds are most appropriate to each client's financial condition and objectives.
Accordingly, the client should review both the fees charged by the Funds and Vizcaya Capital LLC fees to fully
understand the total amount of fees to be paid by the client and thereby evaluate the advisory services being provided.

Selection of Other Advisers

Our recommendations to use third party money managers ("TPMM") are included in our portfolio management fee.
We do not charge you a separate fee for the selection of other advisers nor will we share in the advisory fee you pay
directly to the TPMM. Advisory fees that you pay to the TPMM are established and payable in accordance with the
Form ADV Part 2 or other equivalent disclosure document provided by each TPMM to whom you are referred. These
fees may or may not be negotiable. You should review the recommended TPMM's brochure for information on its
fees and services.

You may be required to sign an agreement directly with the recommended TPMM(s). You may terminate your
advisory relationship with the TPMM according to the terms of your agreement with the TPMM. You should review
each TPMM's brochure for specific information on how you may terminate your advisory relationship with the TPMM
and how you may receive a refund, if applicable. You should contact the TPMM directly for questions regarding your
advisory agreement with the TPMM.

Compensation for the Sale of Securities or Other Investment Products

Andy Gilon is separately licensed as a real estate agent. In this capacity, he can effect transactions in real estate for
clients and earn commissions for these activities. The fees you pay our firm for advisory services are separate and
distinct from the commissions earned for real estate related
activities. This presents a conflict of interest because our investment advisor representative may have an incentive to
recommend real estate to you for the purpose of generating commissions rather than solely based on your needs.
However, you are under no obligation, contractually or otherwise, to purchase real estate through any person affiliated
with our firm.

A representative providing investment advice on behalf of our firm is licensed as independent insurance agents. This
person will earn commission-based compensation for selling insurance products, including insurance products they
sell to you. Insurance commissions earned by this person is separate and in addition to our advisory fees. This practice
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Item 7 Types of Clients
We offer investment advisory services to individuals including high net worth individuals, pooled investment
vehicles, and sub-advisory services to other investment advisers.

   In general, we do not require a minimum dollar amount to open and maintain an advisory account.