Cardinal Point Capital Management ULC

Item 5: Fees & Compensation

                              Compensation for Our Advisory Services
                              Cardinal Point Capital Management ULC.
                        Portfolio Management and Financial Planning Fee
                                           Schedule

                         Assets Under                                 Fee Rate (per
                         Management                                     annum)
                        First $1,000,000                                 1.25%
                        Next $2,000,000                                    1.05%
                        Next $4,000,000                                    0.80%
                        Next $3,000,000                                    0.55%
                        Next $5,000,000                                    0.45%
                       Next $10,000,000                                    0.35%
                       Next Assets Above                                   0.25%
                         $25,000,000
         Please note: CPCM charges blended rate fees when applicable. A blended rate fee schedule combines
         annual percentages into a cumulative fee based on a client’s asset level.

Fees to be assessed will be outlined in the advisory agreement to be signed by the client. Our firm
bills on cash, accrued interest, accrued dividends, and securities purchased on margin unless
indicated otherwise in writing. Please note, CPCM charges blended rate fees when applicable. A

blended rate fee schedule combines annual percentages into a cumulative fee based on a client’s asset
level. Annualized fees are billed on a pro-rata basis quarterly in arrears based on the value of the
account(s) on the time-weighted daily average of the quarter. Fees are generally non-negotiable,
however, the firm in its sole discretion may reduce its account minimum or the fee that it charges to
clients. Fees will generally be deducted from client account(s). In rare cases, our firm will agree to
directly invoice. As part of this process, Clients understand the following:

     a) The client’s independent custodian sends statements at least quarterly showing the
        market values for each security included in the Assets and all account disbursements,
        including the amount of the advisory fees paid to our firm;
     b) Clients will provide authorization permitting our firm to be directly paid by these terms.
        Our firm will send an invoice directly to the custodian; and
     c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
        information provided in our statement with those from the qualified custodian will be
        included.

It is important to note that clients who receive a comprehensive written Financial Plan as part of
these services will be required to pay our minimum fee of $23,000 if assets under management are
below $2,000,000.

Pontera®

Clients should note that our firm will utilize the Pontera® platform to aid in the management of
accounts held away from our primary custodian. It is important to note in exchange for the use of
the Pontera® platform our firm must pay a fee of 0.25% of the managed assets. All fees due to
Pontera® are paid by our firm and will not result in the client paying higher fees than if their assets
were managed through our recommended Custodians.

Financial Planning:

Our firm charges on an hourly or flat fee basis for financial planning services. The total estimated fee,
as well as the ultimate fee charged, is based on the scope and complexity of our engagement with
the client. The maximum hourly fee to be charged will not exceed $400. Flat fees begin at $23,000.
Our firm requires a retainer of 50% of the ultimate financial planning fee at the time of signing. The
remainder of the fee will be directly billed to the client and due within 30 days of a financial plan
being delivered. Our firm will not require a retainer exceeding $1,200 when services cannot be
rendered within 6 months.

Private Wealth (Bundled) Services

This service is no longer offered to new clients. Some acquisition legacy clients may still participate
in this bundled program and the fee will be outlined in their respective executed advisory
agreements.

Affiliate Private Investment Vehicles

We do not receive any compensation from Origin, Westcourt, or SCS in connection with assets that
our clients place in Origin’s, Westcourt’s, or SCS’s pooled investment vehicles. Cardinal Point’s clients
are not advisory clients of and do not pay advisory fees to Origin, Westcourt, or SCS. However, our

clients bear the costs of Origin’s, Westcourt’s, and SCS’s investment vehicle or vehicles in which they
are invested, including any management fees and performance fees payable to Origin, Westcourt,
or SCS.
The allocation of Cardinal Point client assets to Origin’s, Westcourt’s, and SCS’s pooled investment
vehicles, rather than to an unaffiliated investment manager, increases Origin’s, Westcourt’s, and SCS’s
compensation and the revenue to Focus LLC relative to a situation in which our clients are excluded
from Origin’s, Westcourt’s, or SCS’s pooled investment vehicles or invested in an unaffiliated third
party's pooled investment vehicles. As a consequence, Focus LLC has a financial incentive to cause
us to recommend that our clients invest in Origin’s, Westcourt’s, or SCS’s pooled investment vehicles.

Other Types of Fees & Expenses
Clients will incur transaction charges for trades executed in their accounts. These transaction fees
are separate from our fees and will be disclosed by the firm that the trades are executed through.
In addition, clients may incur additional fees and expenses, including custodial fees, transfer taxes,
withholding fees, country tax or delivery fees, wire transfer and electronic fund fees, and other fees
...

Item 7: Types of Clients & Account Requirements

Our firm has the following types of clients:
       • Individuals and High Net Worth Individuals;
       • Trusts, Estates or Charitable Organizations;
       • Corporations, Limited Liability Companies and/or Other Business Types

Our requirements for opening and maintaining accounts or otherwise engaging us:

Our firm requires a minimum account balance of $2,000,000 for our Portfolio Management services.
Generally, this minimum account balance requirement is not negotiable and would be required
throughout the course of the client’s relationship with our firm. For clients who have assets under
$2,000,000 and are to receive a written Financial Plan, a minimum fee of $23,000 will apply.

It is important to note that these minimum service fees and account requirements may be waived
at the firm’s discretion.