Blackridge Asset Management LLC

Item 5 – Fees and Compensation
This section provides information concerning fees and compensation for investment advisory services.

Regarding Portfolio Management and Advisory Services offered by BAM, IARs, and Promoters are
compensated for their services by charging an advisory fee or combination of advisory fee and
promotion fee. Fees are disclosed as a percentage of the value of the assets under management
in the client's account, subject to a stated maximum. The actual fee is disclosed prior to the client
signing their respective management agreement. The advisory fee is shared between the IAR or
Promoter and BAM.

Asset-based fees are deducted from the account in advance, on a quarterly basis, based on an average
daily balance from the previous quarter. Inter-quarter deposits or withdrawals of $10,000.00 or
more will be prorated and applied to the account accordingly, whether a debit or a credit to the
account. Unless otherwise directed by clients, advisory fees are deducted directly from clients’
custodial accounts by the custodian(s).

Fee Billing Calculation
The Program fees are charged quarterly, in advance, as a percentage of assets under management
based on the market value of the account at the end of the preceding calendar quarter. Unless
otherwise agreed to by the client with the advisor, fees are prorated for accounts opened or closed
within the quarter. The level of the fee will vary with the amount of assets under management and
the particular investment styles and investment options chosen or recommended. Clients may receive
comparable services from other sources for fees that are lower or higher than those charged by BAM.

Termination of Services
Clients may terminate any of our advisory services without incurring a fee or penalty within the
first five (5) business days after signing an advisory service agreement. After this initial five business
day period, either the client or BAM/IAR may terminate the contract upon five (5) business days’
written notice for any reason. Since fees are payable in advance of services performed, terminating
clients will receive a pro rata refund of fees paid in advance under their investment advisory contract
with the advisor’s fees prorated to the date of termination. Clients are still responsible for paying the
balance due for our services rendered during that quarter. Clients are not charged a liquidation fee
if securities are to be delivered in-kind, otherwise certain commissions and/or fees may be charged
by the broker/dealer liquidating security positions.

Upon termination of our financial planning services, any pre-paid advisory fees will be prorated and,
if more than $5.00, refunded based on the number of days services were rendered during that
calendar quarter. Refunds of fees paid from a tax-qualified plan or account should be returned to the
plan or account, so they are not treated as distributions. Some plan custodians may treat such refunds
as new contributions, which may reduce the amount of other contributions you can make during that
tax year. Upon termination of consulting services, typically the initial deposit will not be refunded if
we have performed services for your benefit. If we have completed the project, client will still
be responsible for paying the balance due for our services rendered.

Additional Information Relating to Fees
The fee does not cover certain charges associated with securities transactions in clients’ accounts,
including: (i) dealer markups, markdowns or spreads charged on transactions in over-the-counter
securities; (ii) costs relating to trading in certain foreign securities; (iii) the internal charges and fees
that may be imposed by any Funds, (such as fund operating expenses, management fees, redemption
fees, 12b-1 fees and other fees and expenses. Further information regarding charges and fees
assessed by Funds may be found in the appropriate prospectus or offering document) or other
regulatory fees; (iv) brokerage commissions or other charges imposed by broker-dealers or entities
other than the custodian if and when trades are cleared by another broker/dealer; (v) the charge to
carry tax lot information on transferred mutual funds or other investment vehicles, postage and
handling charges, returned check charges, transfer taxes; stock exchange fees or other fees mandated
by law, and (vi) any brokerage commissions or other charges, including contingent deferred sales
charges (“CDSC”), imposed upon the liquidation of “in-kind assets” that are transferred into the
account.

In addition to the redemption fees described above, a client may incur redemption fees, when the
portfolio manager or IAR to an investment strategy determines that it is in the client’s overall interest,

in conjunction with the stated goals of the investment strategy, to divest from certain Funds prior to
the expiration of the minimum holding period of the Funds. Some mutual funds also assess
redemption fees to investors upon the short-term sale of its funds. Depending on the particular
mutual fund, this may include sales for re-balancing purposes. Please see the prospectus for the
specific mutual fund for detailed information regarding such fees. The fee does not cover certain
custodial fees that may be charged to clients by the custodian. Clients also may be charged for specific
account services, such as ACAT transfers, electronic fund and wire transfer charges, and for other
optional services selected by clients. Accounts may be subject to transaction- based ticket charges
assessed by the custodian for the purchase of certain mutual funds, ETFs and individual securities.
Similarly, the fee does not cover certain non-brokerage-related fees such as individual retirement
account (“IRA”) trustee or custodian fees and tax-qualified retirement plan account fees and annual
and termination fees for retirement accounts (such as IRAs).
...

Item 7 – Types of Clients

Description
BAM is open to individuals, high net worth individuals, trusts, estates, 401(k) plans, pension and
profit- sharing plans, charitable organizations, corporations, partnerships and other entities.

Account Minimums
The standard minimum investment for a multiple manager portfolio account generally will be
$150,000. The standard minimum investment generally will be $100,000 for TPMM strategies and
$25,000 for Advisor as Portfolio Manager Programs.

BAM reserves the right, in their sole judgment, to accept investments below these thresholds.
However, a client whose account is below the standard minimum may not receive the benefits
of all available investments due to the practical limitation that smaller allocations of money may
create.