Capital Square LLC

Item 5: Fees and Compensation
Capital Square bases its fees on a percentage of assets under management. Capital Square’s fees are
negotiable. The maximum annual fee will be 2% of assets under management. We deduct our
fees on a quarterly basis in most cases and the fee is charged in advance based on prior quarter-end
value. We can also bill for services rendered by flat fee arrangements and/or partial or prorated
fees on significant asset additions that occur mid-quarter based on the complexity of the services
rendered, or on the size of the additional assets deposited.
Financial Planning
Financial planning, or investment consulting, may be included within the advisory fees or if separate
fees are charged, the billing will be in one of two ways. Capital Square will be compensated on a
negotiated basis by either the firm’s hourly rate or a fixed rate depending on the scope and
complexity of the financial plan or consulting agreement. Generally, Capital Square requires that the
client pay financial planning fees in arrears on completion of the service. In either case, services to
be provided, the applicable fee, and fee-paying arrangements are agreed upon in advance of services
provided and are outlined in the executed financial planning agreement.

Other Fees
Capital Square’s fees are exclusive of brokerage commissions, transaction fees, and other related
costs and expenses which shall be incurred by the client. Clients may incur certain charges imposed
by custodians, brokers, third party investment and other third parties such as fees charged by
managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer,
and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Mutual fund and exchange-traded funds also charge internal management fees, which
are disclosed in a fund’s prospectus. Performance figures quoted by mutual fund companies in
various publications are after, or net, of their fees.
Such charges, fees or commissions are exclusive of and in addition to Capital Square’s fee and Capital
Square shall not receive any portion of these commissions, fees, or costs.

Conflicts of Interest
Capital Square does not believe that it has any conflicts of interest related to fees and
compensation, either with the Client/Firm or Partner/Firm. Capital Square strives to maintain the
utmost integrity with its clients by avoiding any conflicts of interest. Our clients are free to choose
any qualified custodian.

Termination of Agreements
A client agreement may be canceled at any time, by either party, for any reason upon receipt of
written notice. Upon termination of any account, any earned, unpaid fees will be due and payable.
The client has the right to terminate an agreement without penalty within five business days after
entering into the agreement.

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Types of Clients
As described in Item 4 above, Capital Square generally provides investment advice to individuals,
trusts, businesses, non-profits, foundations, and endowments.

Account Minimums
At this time, Capital Square does not have a minimum account value to open or maintain an
agreement. In addition, Capital Square does not have a minimum fee to open or maintain an
agreement.

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