Vizcaya Capital Partners LLC

Item 5 Fees and Compensation

Private Fund Management Fee

We charge an initial one-time implementation fee of 1.5% which is payable in advance. This fee is
charged for the initial setup of the managed assets in the Funds.

We charge an annual fee of 1.0% of the client assets managed in the Funds and for ongoing Fund
management services. The annual fee is billed and payable quarterly in arrears based on the value of your
account on the last day of the quarter. These fees and expenses are described in each private fund's
offering documents.
Our Investment Management Agreement may be terminated upon 30 days' written notice of termination.
Fees will be prorated to the date of termination; any accrued portion of the unpaid payments will be paid
to us by the Fund; any unearned portion of prepaid guaranteed payments will be refunded by us.

Compensation for Real Estate 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 fund
management 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.

Independent Insurance Agents

Persons providing investment advice on behalf of our firm are licensed as independent insurance agents.
These persons will earn commission-based compensation for selling insurance products; commissions
earned by these persons are separate and in addition to our fund management fees. This practice presents a
conflict of interest because persons providing investment advice on behalf of our firm who are insurance
agents have an incentive to recommend insurance products to you for the purpose of generating commissions
rather than solely based on your needs. You are under no obligation, contractually or otherwise, to purchase
insurance products through any person affiliated with our firm.

Item 7 Types of Clients

We offer investment advisory services to pooled investment vehicles. We have no minimum fund size
requirement.