8th Street Investments LLC

Item 5 - Fees And Compensation

A. Advisory Fees

The following sections detail the fee structure and compensation methodology for investment
advisory services. Each client shall sign the appropriate type of investment advisory

agreement (i.e., either an Investment Management or Financial Planning and Consulting
Services Agreement) that details the responsibilities of 8th Street and the client.

Investment Management Services

The annual fee for Investment Management Services will be charged as a percentage of assets
under management according to the following tiered fee schedule:

              Assets Under Management                    Maximum Annual Fee (%)
       First $2,000,000                                            1.00%
       Next $3,000,000                                             0.75%
       Above $5,000,000                                            0.50%

Clients will be billed in arrears at the end of each quarter based upon the average daily value
(market value or fair market value in the absence of market value) of the assets in the
preceding three (3) months.

The investment management fee is pro-rated for periods less than a full billing cycle (based
upon the number of calendar days in the calendar quarter that the investment management
agreement was effective). Details of the Investment Management Services fee charged are
more fully described in the advisory agreement entered into with each client.

Financial Planning and Consulting Services

Financial planning and/or consulting services fees will be charged in one or both of two ways:

1. As a fixed fee, typically ranging from $2,000 to $7,000, depending on the nature and
   complexity of each client's circumstances.
2. On an hourly basis calculated on a charge ranging from $250 to $500 per hour. The length
   of time it will take to complete the advisory service will depend on the nature and
   complexity of the individual client's personal circumstances. An estimate for total hours
   will be determined at the start of the advisory relationship.

Typically, fifty percent (50%) of the Financial Planning and/or Consulting Services fee is due
upon inception of the advisory relationship, with the balance either payable upon completion
of the financial planning service or monthly in arrears. The financial plan will be presented to
the client within six months of the contract date, provided that all information needed to
prepare the financial plan has been promptly provided by the client. If the client engages 8th
Street for additional investment management services, 8th Street may offset all or a portion of
its investment management fees for those services based upon the amount paid for the
financial planning and/or consulting services.

B. Payment Methods

Depending on the particular advisory service there are two options a client may select to pay
8th Street’s advisory services fees. The advisory fees for Investment Management Services will
be paid through direct debiting of the client’s account while the fees for Financial Planning
and Consulting Services will be billed to the client by 8th Street.

Direct Debiting

Each quarter, 8th Street will notify the client’s qualified custodian of the amount of the fee due
and payable to 8th Street pursuant to the firm’s fee schedule and advisory agreement. The
qualified custodian will not validate or check 8th Street’s fees, its corresponding calculation or
the assets on which the fee is based unless the client has retained their services to do so. With
the client’s pre-approval, the qualified custodian will “deduct” the fee from the client’s account
or, if the client has more than one account, from the account the client has designated to pay
8th Street’s advisory fees. Clients will be provided with a statement, at least quarterly, from
the custodian reflecting deduction of the applicable fee. It is the responsibility of the client to
verify the accuracy of these fees as listed on the custodian’s brokerage statement as the
custodian does not assume this responsibility.

Billing

8th Street will issue the client an invoice for the firm’s Financial Planning or Consulting
Services either monthly in arrears or at the completion of the services, and the client will pay
8th Street by check or wire transfer within ten (10) business days’ of the date of the invoice, or
as negotiated and documented in the client’s advisory agreement.

C. Additional Information

Fees Only

8th Street is compensated solely by fees paid by its clients and does not accept commissions or
compensation from any other source (e.g., mutual funds, insurance products or any other
investment product).

Fees Negotiable

8th Street retains the right to modify fees in its sole and absolute discretion, on a client-by-
client basis. Factors considered include the complexity and nature of the advisory services
provided, anticipated amount of assets to be placed under management, anticipated future
additional assets, related accounts, portfolio style, and account composition.

Mutual Fund Fees and Exchange Traded Funds

All fees paid to 8th Street for investment advisory services are separate and distinct from the
expenses charged by mutual funds and exchange-traded funds (“ETFs”) to their shareholders,
if applicable. These fees and expenses are described in each fund’s or ETF’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 could invest in these products directly, without the services
of 8th Street, but would not receive the services provided by 8th Street which are designed,
among other things, to (i) assist the client in determining which products or services are most
appropriate to each client’s financial situation and objectives and (ii) determining when such
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Item 7 - Types of Clients

A. Clients

8th Street offers investment advisory services to individuals, trusts, estates, corporations and
other types of business entities, and charitable organizations.

B. Engaging the Services of 8th Street

All clients wishing to engage 8th Street for advisory services must enter into the applicable
advisory agreement with 8th Street as well as any other document or questionnaire provided
by 8th Street. The advisory agreement describes the services and responsibilities of 8th Street
to the client. It also outlines 8th Street’s advisory fees in detail. In addition, clients must
complete certain broker-dealer/custodial documentation. Upon completion of these documents,
8th Street will be considered engaged by the client.

Each client engagement will entail a review of the client's investment goals, financial situation,
time horizon, tolerance for risk and other factors to develop an appropriate strategy for
managing a client's account. Client participation in this process, including full and accurate
disclosure of requested information, is essential for the analysis of a client's account. 8th Street
shall rely on the financial and other information provided by the client or their designees
without the duty or obligation to validate the accuracy and completeness of the provided
information. It is the responsibility of the client to inform 8th Street of any changes in financial
condition, goals or other factors that may affect this analysis.

C. Conditions for Managing Accounts

8th Street does not impose a minimum account size for establishing an investment advisory
relationship; provided, however, that 8th Street reserves the right in its sole discretion to reject
a potential advisory relationship.