Alphastar Capital Management LLC

ITEM 5. FEES AND COMPENSATION

A. General Description, Fee Schedules, Methods of Calculation

This section provides information regarding the fees and compensation we receive for our services
(“Advisory Fees”). We reserve the right to negotiate our fees with clients and charge a different fee than
the fees described below. Our fees may be higher than the fees charged by other investment advisers
offering similar services and you may pay more or less than other clients invested in similar strategies
with other investment advisers. Your Advisor will negotiate your specific fee schedule and related terms
will be stated in your IMA, as amended from time to time.

    1. Fee Schedules – Investment Advisory Services

 Investment Management Clients              2.25% per annum (maximum annual rate)
 Participant Account Management             2.25% per annum (maximum annual rate) *
 Clients                                    Negotiable – Plan Setup Fee
 Subadvisory Services                       Negotiable
 Financial Planning Services                Negotiable

  * Advisory Fees for our Participant Account Management clients are based on a percentage of the plan
  level assets, regardless of investment selection by the plan participants.

    2. Methods of Calculation – Investment Management Services

Advisory Fees are typically based on the amount of assets under Alphastar’s management, including
cash and cash equivalents. We rely on the valuations calculated by our Portfolio Accounting technology
and service provider, which is reconciled to your qualified custodian, when calculating your Advisory
Fee. The valuation of individual securities is sourced within our Portfolio Accounting technology and
provided by third party valuation service providers. Alphastar does not independently value the
securities held in your account(s).

Advisory Fees are billed in arrears (at the end of the billing period) on a monthly or quarterly basis, at the
discretion of the Advisor. Advisory Fees are typically calculated based on the average daily market value
of the assets we manage in your account(s) for the current billing period. This average daily market value
is then multiplied by the annual rate stated in your IMA. The resulting amount is divided by the number of
days in the given year and multiplied by the number of days funded in the billing period to determine your
monthly or quarterly fee due. Advisory Fees are pro-rated for partial periods of management if you open
your account during the month or quarter; or if you terminate your IMA during the month or quarter. You
may terminate your IMA without fees or penalty within five (5) business days of signing the agreement.
Thereafter, your Advisory Fees will be prorated for the number of elapsed days of the billing period before
termination.

Your Advisor is permitted to set fees within ranges provided by Alphastar. Advisory Fees vary as a
result of negotiations, discussions and factors that include, but are not limited to, the particular
circumstances of the client, the size and scope of the overall client relationship, client investment
strategy, account servicing requirements, or as may be otherwise agreed with specific clients. Alphastar

may apply householding or account discounts if you have multiple advisory accounts when determining
advisory fee schedules for certain clients. The availability and application of such discounts may be
based on a variety of factors, including the total assets under management, the scope of services
provided, and the overall client relationship. Not all clients qualify for householding or fee breakpoints,
and the manner in which such discounts are applied may vary. Importantly, your Advisor will negotiate
your specific fee terms, which will be stated in your IMA, as amended from time to time. Given the
customized nature of our Subadvisory services, we will also negotiate these services directly with each
UIA on a case-by-case basis.

Please refer to your IMA, Subadvisory Agreement or other fee agreement for the specific Advisory Fee
charged to your account(s).

    3. Methods of Calculation – Financial Planning Services

 Fixed Fees            The Alphastar fee for creating a client financial plan will vary based on the
                       complexity of the plan, taking into account your specific needs and the
                       sophistication of the individual plan. Fixed fees are payable and due upon
                       signing the Financial Planning Agreement, unless otherwise agreed upon with
                       your Advisor. The payment schedule will be stated in your Financial Planning
                       Agreement, as amended from time to time.

 Subscription Fee      Monthly, quarterly or annual subscription fees may be negotiated to allow for
                       ongoing financial planning and consulting services. The payment schedule and
                       terms will be stated in your Financial Planning Agreement, as amended from
                       time to time.

 Hourly Fees           Hourly fees are negotiable and based on the complexity of the client’s needs
                       and in consideration of the services provided. At the request of the client, an
                       estimate of the total time/cost will be determined at the start of the relationship
                       and payment for the estimated hourly fees is due upon signing the Financial
                       Planning Agreement, unless otherwise agreed upon with your Advisor. This is
                       an estimate only, and the client is responsible for paying the full fee for the total
                       number of hours required to complete the service. The payment schedule will
                       be stated in your Financial Planning Agreement, as amended from time to time.

 Retainer Fees         Retainer based fees will vary depending on the specific services and the
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ITEM 7. TYPES OF CLIENTS

 Alphastar provides advisory services to a variety of clients, which include from time to time: individuals,
 high net-worth individuals, trusts, estates, small corporations and other business entities, pension and
 profit-sharing plans, and other investment advisers.

 Alphastar retains the right to set account minimums for investment management services clients. .
 Certain Alphastar Model Portfolios do require a minimum account size.

 Alphastar currently requires that all client accounts maintain a minimum cash position sufficient to satisfy
 billing and operational requirements, but in no event less than 0.5% of the account value. Accounts
 whose only tradable securities are illiquid (including structured notes, non-listed funds, or similar
 investments) must maintain a minimum cash position of at least 2%. In the event the account does not
 have sufficient cash to cover fees, Alphastar will currently liquidate client assets in the following order:
 (i) cash and cash equivalents; (ii) assets in the portion of the account invested in Alphastar Model

Portfolios; (iii) assets in the portion of the account managed by a UIA; and (iv) pro-rata across all mutual
funds and listed securities in the account. Alphastar reserves the right to raise or lower the minimum
cash position requirements.

In addition, certain Subadvisers have minimum investment requirements for certain strategies held in a
separately managed account, and certain Underlying Funds have initial or subsequent investment
minimum requirements or investor sophistication criteria. Please refer to the Subadviser’s Form ADV or
the prospectus or offering documents for the Underlying Fund for any such minimum requirements or
criteria.