Bearing Point Capital LLC

Item 5 - Fees and Compensation

Bearing Point charges fees based on a percentage of assets under management as well as fixed fees
depending on the particular types of services to be provided. The specific fees charged by Bearing Point for
services provided will be set forth in each client’s agreement.

     A. Financial Planning and Investment Management Services

Fees for Investment Management Services
Bearing Point charges an annual advisory fee that is agreed upon with each client and set forth in an
agreement executed by Bearing Point and the client. If fixed, the advisory fee will be specified on the fee
schedule as set forth in the agreement executed by Bearing Point and the client. If based on a percentage
of the value of assets under management, the advisory fee for the initial month shall be paid, on a pro rata
basis, in arrears, based on the value of the net billable assets under management at the end of such initial
month. For subsequent months, the advisory fee shall be paid, in advance, based on the asset value of the
client’s accounts as of the last business day of the preceding month as provided by third-party sources, such
as pricing services, custodians, fund administrators, and client-provided sources. For purposes of fee
calculation, the asset value of client accounts include cash and cash equivalents, as well as margined
securities. Bearing Point does not reduce management fees for margin borrowing, regardless of whether
the assets are in cash or other securities. Bearing Point has a financial incentive to recommend that clients
borrow money for the purchase of additional securities for the client’s account managed by Bearing Point
or otherwise not liquidate some or all the assets Bearing Point manages. Bearing Point addresses this
conflict of interest by this disclosure and working to ensure that any recommendation to a client regarding
the use of margin is suitable for the client.

Following is Bearing Point’s asset based fee schedule for Investment Management Services:

                                                    FEE SCHEDULE

                                Market Value of Assets                            Rate

                        First $2,000,000                                         1.25%

                        Next $3,000,00                                           0.90%

                        Next $5,000,000                                          0.80%

                        Next $15,000,000                                         0.65%

                        Above $25,000,000                                        0.50%

                        The fee rate applies to the market value of assets within that range. As
                        an example for a client account with a market value of assets of
                        $3,000,000 – the first $2,000,000 of the client’s account will be subject
                        to a fee rate of 1.25%and the remaining assets will be subject to a fee
                        rate of 0.90%.

Bearing Point Capital                                                         Disclosure Brochure

Bearing Point’s policy is to include all related client accounts, specifically the accounts of direct family
members sharing the same residence address, for purposes of determining a client’s market value of assets.

Fees for Financial Planning and Consulting Services
Clients that are receiving financial planning services only are charged a fixed fee ranging from $1,000 to
$150,000, depending upon the complexity of a client’s plan and services provided. For clients receiving
ongoing financial planning services the annual fee is charged monthly. For financial planning services that
are completed upon the delivery of the financial plan to the client, the fixed fee can be charged in monthly
or quarterly installments, or otherwise in full upon delivery of the completed financial plan. Actual fees
charged are clearly outlined in the financial planning agreement and clients receive invoices reflecting the
amount of the fee due and payable.

Notwithstanding the foregoing, Bearing Point and the client may choose to negotiate an annual advisory
fee that varies from the schedule and range set forth above. Factors upon which a different annual advisory
fee may be based include, but are not limited to, the size and nature of the relationship, the services rendered,
the nature and complexity of the products and investments involved, time commitments, and travel
requirements. The advisory fee charged by the Firm will apply to all of the client’s assets under
management, unless specifically excluded in the client agreement. The advisory fee may include the
financial planning services described above. Although Bearing Point believes that its fees are competitive,
clients should understand that lower fees for comparable services may be available from other sources and
firms.

The investment advisory agreement between Bearing Point and the client may be terminated at will by
either Bearing Point or the client upon written notice. Bearing Point does not impose termination fees when
the client terminates the investment advisory relationship, except when agreed upon in advance.

     B. Payment of Fees

Bearing Point generally deducts its advisory fee from a client’s investment account(s) held at his/her
custodian. Upon engaging Bearing Point to manage such account(s), a client grants Bearing Point this
limited authority through a written instruction to the custodian of his/her account(s). The client is
responsible for verifying the accuracy of the calculation of the advisory fee; the custodian will not determine
whether the fee is accurate or properly calculated. A client may utilize the same procedure for financial
planning or consulting fees if the client has investment accounts held at a custodian.

Although clients generally are required to have their investment advisory fees deducted from their accounts,
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Item 7 - Types of Clients

Bearing Point offers investment advisory services to individuals, including high net worth individuals,
family offices, trusts, estates, private foundations, as well as corporate entities.