Bear Mountain Capital Inc

ITEM 5: Fees and Compensation
Wealth Management Investment Advisory Fees
Bear Mountain Capital provides Investment Supervisory Services for some client portfolios on an individualized basis. Each
portfolio is managed to comply with directions from the client given in the statement of investment policy or similar set of
instructions or guidance provided by the client.
Bear Mountain Capital’s asset management fees are based upon the value of the assets under management, as valued by the

 BEAR MOUNTAIN CAPITAL INC.                                    FORM ADV 2A – FIRM BROCHURE                                 PAGE 5 OF 16

account custodian on their monthly account statement(s). In the unusual circumstance where the custodian does not provide a
valid value or quantity for a security, the Bear Mountain Capital will make its best efforts to determine a fair market value for the
security(ies) holding. These best efforts may include finding a recent transaction to price the security. Below is the general tiered
fee schedule for separately managed accounts; the fees applicable to your account are shown in your Investment
Management Agreement.

 Assets Under Management                      Annual Rates
 $0 – $500,000                                1.00%
 $500,001 – $2,000,000                        0.85%
 $2,000,001 – $5,000,000                      0.70%
 $5,000,001 – $15,000,000                     0.50%
 >$15,000,000                                 0.35%

Fees for clients that engage Bear Mountain Capital for wealth management services only will be based on a percentage of assets
under management valued on the last trading day of the calendar quarter. Based on the blended fee schedule above, we charge
our fee on each tier of assets from the table, then combine the tier fees into one single fee. For example, a client with a $900,000
account would be charged 1.00% on the first $500,000 and 0.85% on the remaining $400,000.
If the wealth management services client is as an investor in a “private fund” managed by Bear Mountain Capital, the investor will
indirectly pay Bear Mountain Capital a pro-rata share of the management fee charged by Bear Mountain Capital to the “private
fund.” In the example above, if the client has $50,000 of their $900,000 portfolio invested in the “private fund”, this $50,000
would be subject to the 0.75% charged by the “private fund” as part of its operating structure.
However, this investment in the “private fund” managed by Bear Mountain Capital Inc. would be exempt from the wealth
management fees outlined above. This helps minimize conflicts of interest in recommending our “private fund” offerings to our
wealth management clients.
Quarterly fees for wealth management services are calculated and charged in advance of wealth management services being
performed. These fees can be waived at the sole discretion of Bear Mountain Capital. Fees are fully disclosed to the customer by
way of the written agreement entered into with Bear Mountain Capital. Bear Mountain Capital reserves the right to negotiate the
above fee schedule as it deems necessary. Future assets, income, and/or inheritance, as well as family wealth management needs
can all create circumstances that warrant fee consideration. All quarterly fees will be disclosed in an itemized invoice made
available to each Client at the end of each quarter via our web-based portal at bearmountaincapital.com. If a client elects to opt
out of electronic delivery of these invoices, billing invoices will be mailed/delivered directly to the client. In cases when the
advisory agreement does not span the full billing period, fees are prorated from the date of inception or through the date of
termination and refunded to the client. The Bear Mountain Capital or Client may terminate the investment advisory agreement
upon ten (10) days written notice to the Bear Mountain Capital at their main office or other address designated by Bear Mountain
Capital. Any refund will be paid within 45 days of notification by custodian that assets have transferred out of accounts advised by
Bear Mountain Capital.
Hourly Fees
In some cases, Bear Mountain Capital will perform services for clients where the cost of the service is based upon the amount of
time to complete the service at an hourly rate. The primary service provided under an hourly fee arrangement would be financial
planning services. A normal allotment of time for such services would range between 3 hours and 7 hours for completion of a
financial planning services engagement and may require and include multiple meetings before completion. Minimum allotted

BEAR MOUNTAIN CAPITAL INC.                                   FORM ADV 2A – FIRM BROCHURE                               PAGE 6 OF 16

time would be 3 hours, not usually exceeding 7 hours, but may vary based on individual plan needs. The rate per hour would
depend upon the level of complexity of the service and personnel used on the engagement. This negotiable rate would not
exceed $350 per hour and would be billed directly to the client upon completion of the financial plan. This hourly fee can be
waived at the sole discretion of Bear Mountain Capital.
The tasks and services to be performed would be described in an engagement letter that is signed by the client and Bear
Mountain Capital that describes the hourly rate, an estimate of time to complete the project and the procedure for refund or
partial billing if the engagement is terminated before completion.
Private Fund Investment Advisory Fees
With respect to Bear Mountain Capital’s investment supervisory and management services to private funds, Bear Mountain
Capital (the “Manager”) will be paid a fee equal to 0.75% of the Fund’s Net Assets each fiscal year (the “Management Fee”). The
Management Fee shall be paid to the Manager in quarterly payments, in arrears, over the course of each fiscal year. The
Management Fee is included as an Operating Expense.
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ITEM 7: Types of Clients
Bear Mountain Capital provides portfolio management services to individuals, high net worth individuals, corporate pension, and
profit- sharing plans, charitable institutions, foundations, endowments, private investment funds, and trust programs.
All individuals investing in any Fund managed by Bear Mountain Capital must be accredited and must meet the minimum
investment subscription requirements as defined in the specific Fund’s LLC agreements.
The Investor is an “accredited investor” within the meaning of Securities and Exchange Commission (“SEC”) Rule 501 of
Regulation D, as presently in effect. The Investor has the financial ability (i) to bear the economic risk of an investment in the
Interest, (ii) to hold the Interest for an indefinite period of time and (iii) currently to afford a complete loss of the investment in the
Interest without experiencing any undue financial difficulties. The Investor’s commitment to all speculative investments (including
the investment in the Securities) is reasonable in relation to its net worth and annual income.