1102 Partners LLC

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or more
written agreements with the Advisor.

A. Fees for Advisory Services
Wealth Management Services
Wealth management fees are paid quarterly, in advance of each calendar quarter pursuant to the terms of the wealth
management agreement. Wealth management fees are based on the market value of assets under management at
the end of the prior quarter. Wealth management fees range from up to 1.25% annually based on several factors,
including: the scope and complexity of the services to be provided; the aggregate of assets to be managed; and the
overall relationship with the Advisor. Certain Clients may be offered a fixed annual fee engagement, which will not
exceed the range of fees described below. Fee ranges are generally based on the following schedule:

Fee Schedule: Asset Allocation Tiered Schedule
          • First $3,000,000                                                      0.90%
          • Next $3,000,000                                                       0.85%
          • Next $4,000,000                                                       0.80%
          • Next $5,000,000                                                       0.70%
          • Next $5,000,000                                                       0.60%
          • Amounts above $20,000,000                                             0.50%

For Clients in the Special Situations Micro-Cap strategy, the following fee schedule is generally used:
    • Fee Schedule: 1.25% of assets up to $10,000,000; 1.00% of assets above $10,000,000.
The wealth management fee in the first quarter of service is prorated from the inception date of the account[s] to the
end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. All securities held in accounts
managed by 1102 Partners will be independently valued by the Custodian. The Advisor will conduct periodic reviews
of the Custodian’s valuations to ensure accurate billing.

                                                      1102 Partners, LLC
                                      57 East Delaware Place, Suite 3705 Chicago, IL 60611
                                                    Phone: (312) 488-9727
                                                    www.1102partners.com

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and other
related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the Advisor
shall not receive any portion of these commissions, fees, and costs. Lower fees for comparable services may be
available from other sources.

Financial Planning Services
1102 Partners offers financial planning services as part of its overall wealth management services and fees. The
Advisor does not charge separate fees for financial planning services. For certain Clients, 1102 Partners offers
standalone financial planning services at an hourly rate of $250 per hour. Fees for standalone engagements will be
negotiated based on the nature and complexity of the services to be provided and the overall relationship with the
Advisor. An estimate for total hours and overall costs will be provided to the Client prior to engaging for standalone
financial planning services.

B. Fee Billing
Wealth Management Services
Wealth management fees are calculated by the Advisor and deducted from the Client’s account[s] at the Custodian.
The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted from the Client’s
account[s] at the beginning of the respective quarter. The amount due is calculated by applying the quarterly rate
(annual rate divided by 4) to the total assets under management with 1102 Partners at the end of the prior quarter.
Clients will be provided with a statement, at least quarterly, from the Custodian reflecting deduction of the wealth
management fee. Clients are urged to review the brokerage statement from the Custodian, as the Custodian does not
perform a verification of fees. Clients provide written authorization permitting advisory fees to be deducted by 1102
Partners to be paid directly from their account[s] held by the Custodian as part of the wealth management agreement
and separate account forms provided by the Custodian.

Financial Planning Services
For standalone financial planning services, fees may be invoiced up to fifty percent (50%) of the expected total fee
upon execution of the financial planning agreement. The balance shall be invoiced upon completion of the agreed
upon deliverable[s].

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than 1102 Partners, in connection with
investments made on behalf of the Client’s account[s]. The Client is responsible for all custody and securities
execution fees charged by the Custodian, as applicable. The advisory fees charged by 1102 Partners are separate
and distinct from these custody and execution fees.

In addition, all fees paid to 1102 Partners for wealth management services are separate and distinct from the
expenses charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are
described in each fund’s prospectus. These fees and expenses will generally be used to pay management fees for
the funds, other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a
possible distribution fee. A Client may be able to invest in these products directly, without the services of 1102
Partners, but would not receive the services provided by 1102 Partners which are designed, among other things, to
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Item 7 – Types of Clients

1102 Partners offers investment advisory services to individuals, high net worth individuals, trusts and estates. For
Clients engaged with the Advisor for wealth management services, 1102 Partners generally requires a minimum
relationship size of $5,000,000. The minimum relationship size can be waived or reduced at the Advisor’s sole
discretion.