Arlen Capital LLC

Item 5 Fees and Compensation
Vision 2020 Wealth Management Platform - Advisor Managed Portfolios Program
We offer Advisor Managed Portfolios with separate advisory fees and transaction charges ("Non-Wrap
Account"). As such, in addition to the quarterly account fee described below for advisory services, you
will also pay separate per-trade transaction charges.

You will pay a quarterly account fee, in arrears on the last business day of the calendar quarter based
upon the average daily balance of the portfolio in the preceding calendar quarter. Your account fees
are negotiable and will be debited from your account by our custodian. Accounts established during a
calendar quarter will pay a prorated portion of the quarterly fee.

You will be charged the higher of an annual minimum fee of $2,500 ($625 per quarter) or a fee
calculated in accordance with the fee schedule below. You are advised that if you are assessed the
minimum fee because your account value is not large enough the minimum fee may be considered
excessive in comparison to the account size. You may obtain similar advisory services from another
investment adviser for a lower cost. The charging of the minimum fee is subject to the discretion of
Arlen Capital. Part of the decision will be based on the complexity of your situation.

Account Size                                       Annual Fee
$0 to $1,250,000                                      1.05%
$1,250,000 to $2,750,000                              0.93%
$2,750,001 to $5,000,000                              0.88%
$5,000,001 to $10,000,000                             0.82%
$10,000,001 and above                                 0.71%

Account balances will be aggregated based on household ID to determine appropriate discounts.
Assets in those accounts not being charged a fee will not be aggregated.

Arlen Capital may change the above fee schedule upon 30-days prior written notice to you.

Additional, ancillary fees will apply. In addition to the advisory fees above, you will pay transaction fees
for securities transactions executed in your account in accordance with the custodian's transaction fee
schedule if client has selected the non-wrap or unbundled account option. Transaction fees are not
determined or charged by Arlen Capital. Transaction fees are set and determined by the broker/dealer.
Arlen Capital does not share in any portion of the transaction fees. Further, the broker/dealer can
change the transaction charges based on their agreement with you.

Termination Provisions
You may terminate investment advisory services obtained from Arlen Capital, without penalty, upon
written notice within five (5) business days after entering into the advisory agreement with Arlen
Capital. You will be responsible for any fees and charges incurred from third parties as a result of
maintaining the Account such as transaction fees for any securities transactions executed and Account
maintenance or custodial fees. Thereafter, you may terminate investment advisory services upon Arlen
Capital's receipt of your written notice to terminate. Should you terminate investment advisory services
during a calendar quarter, you will be charged a pro-rated portion of the advisory fee up to the date of
termination.

Arlen Capital Investment Management Services - Closed to New Accounts
This fee structure is no longer available to new clients and for existing clients establishing a new
account. Investment management services are now offered through Vision 2020 Wealth Management
Platform - Advisor Managed Portfolios Program.

Fees are negotiable and are not based on a share of capital gains upon or capital appreciation of the
funds or any portion of the funds.

Fees are billed quarterly in arrears on the last business day of the calendar quarter based upon the
average daily balance of the portfolio in the preceding calendar quarter.

You will be charged the higher of an annual minimum fee of $2,500 ($625 per quarter) or a fee
calculated in accordance with the fee schedule below. You are advised that if you are assessed the
minimum fee because your account value is not large enough the minimum fee may be considered
excessive in comparison to the account size. You may obtain similar advisory services from another
investment adviser for a lower cost. The charging of the minimum fee is subject to the discretion of
Arlen Capital. Part of the decision will be based on the complexity of your situation.

Account Size                                 Annual Fee
$0 to $1,250,000                                0.99%
$1,250,000 to $2,750,000                        0.91%
$2,750,001 to $5,000,000                        0.86%
$5,000,001 to $10,000,000                       0.81%
$10,000,001 and above                           0.71%

Account balances will be aggregated based on family ID to determine appropriate discounts

Arlen Capital may change the above fee schedule upon 30-days prior written notice to you.

In addition to the advisory fees above, you will pay transaction fees for securities transactions
executed in your account in accordance with the custodian's transaction fee schedule. Transaction
fees are not determined or charged by Arlen Capital. Transaction fees are set and determined by the
broker/dealer. Further, the broker/dealer can change the transaction charges based on their
agreement with you. Additionally, you will pay fees for custodial services, account maintenance fees,
and other fees associated with maintaining the Account. None of the aforementioned fees are charged
by Arlen Capital and are charged by the product, broker/dealer or account custodian. Arlen Capital
does not share in any portion of such fees. Furthermore, you will pay your proportionate share of the
fund's management and administrative fees and sales charges as well as the mutual fund adviser's fee
of any mutual fund they purchase. Such advisory fees are not shared with Arlen Capital and are
compensation to the fund-manager.
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Item 7 Types of Clients
Arlen Capital's services are geared toward individuals both high net worth and other than high net
worth, trusts estates, or charitable organizations, pension and profit-sharing plans, and corporations or
other business entities.

If you are participating in Investment Management Services, you will be subject to the higher of an
annual minimum fee of $2,500 ($625 per quarter) or a fee calculated in accordance with the fee
schedule disclosed above under the section Fees and Compensation and Investment Management
Services. The charging of the minimum fee is subject to the discretion of Arlen Capital. In deciding
whether Arlen Capital will charge the minimum fee, Arlen Capital will consider the complexity of your
situation, size of the account, other services in which you participate and whether additional funds
and/or securities will be transferred into the account. If you are assessed the minimum fee because the
account value is not large enough you are advised the minimum fee may be considered excessive in
comparison to the account size. Further, you are advised you may obtain similar advisory services
from another investment adviser for a lower cost.