Baffin Advisors LLC

Item 5 – Fees and Compensation

The specific manner in which fees are charged by Baffin Advisors LLC is established in a
client’s written agreement with Baffin Advisors LLC. The general rule is 1% of assets under
management, per year, billed on a quarterly basis. Clients are billed in arrears each quarter
end, prorated for partial quarters. Concessions to that rate can be negotiated as a function of
the size of client’s portfolio under our management or supervision. Fees are not deducted
but are billed separately and clients need to approve their payments. Clients are responsible
for any fees their chosen custodians charge.

Baffin Advisors LLC only gets compensated by clients directly, and receives no compensation
from third parties (banks, brokers or custodians, etc.). Baffin Advisors LLC has no ‘soft
dollars’ arrangement with any third party.

Baffin Advisors LLC may manage more than one portfolio at a particular custodian, in which
case there could be securities transactions that are aggregated across portfolios when the
order is given to such custodian, which will always maintain each client’s asset segregated.
In most of our custodians, each portfolio goes through its individual transaction, with its
corresponding fees at the custodian level.

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Item 7 – Types of Clients

Baffin Advisors LLC provides portfolio management services to high net worth individuals
(not including Investment companies, pension and profit sharing plans). At the moment, all
our clients are non-US Persons.