WhiteStar Advisors LLC

Item 5 Fees and Compensation

WhiteStar does not have a standard fee schedule. Fees are negotiable and the firm may be compensated for its
services in several ways: (i) as a percentage of assets under management, (ii) on an hourly basis, (iii) on a lump sum
basis, (iv) performance fees based on a negotiated percentage of gross investment profits, or (v) based on the
complexity of the investment strategy. Please note that this method of assessing fees creates a conflict of interest in
that there exists an incentive to give greater attention to those clients who pay more in fees. This conflict is mitigated
by ensuring a minimum amount of time is spent reviewing each account and basing negotiated rates on the relative
difficulty of the investment strategy.

Fees may be paid in advance or in arrears depending on the requirements of each written investment management
agreement. Fees may be either deducted from assets under management or invoiced to the client for payment. Fees
typically are paid quarterly. In the case of fees paid in advance, if an advisory agreement is terminated before the end of
a billing period, the client would be entitled to a refund equal to the unearned portion of the fee.

In addition to WhiteStar's fees, clients may be responsible for transaction related expenses which may include real
estate brokerage commissions, due diligence expenses such as title reports, environmental reports, building condition
reports and surveys, all of which services are performed by independent professional organizations not affiliated with
the firm.

Item 7 Types of Clients

Typically, the firm’s clients comprise pension funds, health and welfare funds, training funds, and union funds. There is no
minimum requirement for opening an account.