Center Street Advisors Inc

Item 5 – FEES AND COMPENSATION

CSA Investment Management Services and CSA Alternative Investment Strategies
Advisory Fee

For the CSA Investment Management Services, the annual advisory fee is between .5 and 2.5% of the market value of the
portfolio which is billed either monthly or quarterly either in advance or in arrears (stipulated in the client’s advisory agreement)
based on the market value of the portfolio on the last day of the previous quarter.

Proration for New Accounts

 For new client accounts, the first payment is a pro-rata calculation due upon execution of the advisory agreement that takes into
consideration the number of days remaining in the quarter and the initial value of the portfolio. The formula used to calculate
the initial advisory fee would be as follows: (Result of Quarterly Calculation) x (Days Remaining in Quarter) / (Total Number
of Days in Quarter). For advisory fee calculation purposes, a calendar quarter is a period beginning on January 1, April 1, July 1,
or October 1 and ending on the day before the next quarter. A day is any calendar day including weekends and holidays. For
new accounts, the number of days remaining in the quarter is the number of calendar days following the funding date of the
new account.

Valuation

Valuations are provided to CSA from the custodian and/or client statements. In the event a security is not priced by the client’s
custodian or CSA believes that the custodian’s price does not adequately represent investment value, we may obtain a price from
the issuer of the security or other independent third-party or otherwise take steps to “fair value” the security, in accordance with
CSA’s internal valuation procedures.

Direct Debit or Invoice

It is up to the client whether they wish to have the advisory fees withdrawn directly from their custodian account or pay by
check. With client authorization, CSA will automatically withdraw CSA’s advisory fee from the client’s account held by an
independent custodian. Typically, the custodian withdraws advisory fees from the client’s account during the first month of each
quarter based on CSA’s instruction. All clients will receive brokerage statements from the custodian no less frequently than
quarterly. The custodian statement will show the deduction of the advisory fee for those clients who authorize the advisory fees to
be withdrawn directly from their custodian account. CSA will send an invoice to all clients who choose not to have advisory fees
withdrawn directly from their custodian account. The invoice is payable upon receipt and will include the fee calculation and
amount due.

Billing Statements

CSA will send a statement to each client who authorizes CSA to instruct the custodian to withdraw fees directly from the account.
The statement will show the amount of the fee, the value of the client’s assets upon which we based the fee, and the specific
manner in which we calculated the fee. It is the client’s responsibility to verify the accuracy of the fee calculation. The custodian
will not determine whether the fee is properly calculated.

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CENTER STREET
FORM ADV PART 2A – DISCLOSURE BROCHURE (CON.)

    Termination

    Either party may terminate the agreement upon thirty (30) days written notice to the other party. Upon termination of the
    agreement, any earned, unpaid advisory fees will be due and payable. The client will receive an invoice showing the advisory fees
    due for services rendered and not yet paid. If applicable, CSA will refund the client any prepaid, unearned advisory fees. The
    refund will prorated based on the date CSA received notification of the cancelation.

    Morningstar® Managed PortfoliosSM Program Fees

    An annual Program fee is charged quarterly either in advance based on the prior period’s ending balance or in arrears based
    on the average daily balance for the applicable period.

    The Program fee consists of two parts (collectively Annual Program Fee):

     •      Morningstar Investment Services (“MIS”) Fee – A fee relating to services performed or provided by MIS including
            discretionary investment management services, communications to you and your Financial Advisor, marketing activities
            and services provided by the Middle-Office Provider; and

     •     Advisory Firm Fee – A fee covering the services performed by your Advisory Firm and/or Financial Advisor. CSA
           receives referrals from other advisors and pays solicitors fees to the referring advisor per a solicitor’s agreement. The
           solicitor’s fee is disclosed to the client, and clients under such arrangements do not pay higher fees due to the solicitor’s
           arrangement.

       Mutual Fund Strategies (including the Active/Passive Strategies)¹

       The standard fee schedule for the Mutual Fund Strategies (including the Active/Passive Strategies) is:

       First         Next           Next            Over
       $500K         $500K          $1MM            $2MM

    The Mutual Fund Strategies may contain ETFs; please refer to the MIS Form ADV Part 2A brochure for important information related to ETFs

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CENTER STREET
FORM ADV PART 2A – DISCLOSURE BROCHURE (CON.)

  MIS Net Fee²                                0.40%                             0.35%                             0.30%                             0.20%
  CSA Advisory Fee                            1.10%                             1.05%                             1.00%                             0.90%
  Total Fee                                   1.50%                             1.40%                             1.30%                             1.10%
...

Item 7 – TYPES OF CLIENTS

 CSA provides investment advice and prepares financial plans for individuals (including high net worth individuals), trusts,
 estates, and charitable organizations.

 CSA's cumulative household minimum account size is $50,000. However, based on facts and circumstances, CSA may at its
 sole discretion, accept accounts with a lower value.

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CENTER STREET
FORM ADV PART 2A – DISCLOSURE BROCHURE (CON.)