Abel Noser Solutions LLC

Item 5 – Fees and Compensation

The types of services and related fee schedules are:

    •    “Single event” post-transaction analysis, i.e., programs and transitions: $2,000-$5,000 per event;
    •    Transition consulting: Fees are negotiable, and can be a flat rate, or a function of the value of the
         transition, i.e., an asset-based fee of up to 1 basis point (.01%);
    •    Analysis of post-trade process, which includes quarterly post-trade reports and analysis of
         domestic and/or international securities: $10,000-$150,000 per year;
    •    Special consulting projects: Fees are negotiated.

All fees are stated and payable in hard dollars. Most clients’ annual fees are charged pro-rata quarterly in
advance. Some clients compensate Zeno AN Solutions as a third-party vendor, through commission
recapture or similar programs that these clients have established with broker/dealers. Zeno AN
Solutions is not involved with choosing brokers for third-party payment. Zeno AN Solutions is not a
broker/dealer and does not receive commissions from broker/dealers. Refunds are provided only in the
case of non-delivery of the service. Termination of contracts may be made by either party with written
notice. At Zeno AN Solutions’ discretion, actual fees charged may be negotiated on a client-by-client
basis and will be specified in the services agreement with Zeno AN Solutions.

Item 7 – Types of Clients

When providing its Transition Services, Zeno AN Solutions generally provides investment advice to the
following types of clients:

    •    Mutual Fund and Fund-of-Funds
    •    Pension and profit sharing plans
    •    Endowments, Foundations & Hospitals

Minimum Account Size

Zeno AN Solutions has no minimum account size.

Zeno AN Solutions                                                                                 Firm Brochure