Clearwater Capital Advisors LLC

Item 5      Fees and Compensation

                                          FAMILY OFFICE SERVICES

Families eligible to participate in Family Office Services will generally be assessed a combination of the fees listed
below including, but not limited to, asset based Wrap Fee Program fees, project based Hourly/Fixed Fees, and/or
monthly retainer fees. The fee structures that apply will be subject to the services being provided, and will be billed
per the applicable descriptions below. As a general reference, total fees for Family Office Services will generally
range between 0.30%-0.60% of the total Assets Under Advisement.

Limited Negotiability of Advisory Fees: Although CCP has established the aforementioned fee schedule(s), CCP
retains the discretion to negotiate alternative fees on a client-by-client basis.
Client facts, circumstances and needs are considered in determining an alternative fee schedule. These include
the complexity of the case, assets to be placed under management, anticipated future additional assets, related
accounts, portfolio style, account composition, and reports, among other factors. As such, fee levels and structure
will vary between clients. Certain clients may be subject to multiple fee levels and structures.
CCP may group certain related client accounts for the purposes of determining the annualized fee. Discounts, not
generally available to advisory clients, may be offered to family members and friends of associated persons of CCP.
The specific annual fee schedule is identified in the contract between the firm and each client.

                                     PRIVATE WEALTH MANAGEMENT

Services provided to families eligible to participate in Private Wealth Management will generally be covered by the
asset-based Wrap Fee/Non-Wrap Fee Program fees (see below). However, project based hourly/fixed fees may
also be assigned for unique circumstances based on complexity involved. The specific annual fee schedule is
identified in the contract between the firm and each client.

                               INSTITUTIONAL ADVISORY SERVICES

Services provided to clients participating in Institutional Advisory Services will generally be covered by the
asset-based Wrap Fee/Non-Wrap Fee Program fees (see below). However, project based hourly/fixed fees
may also be assigned for unique circumstances based on complexity involved. The specific annual fee
schedule is identified in the contract between the firm and each client.

                                          WRAP FEE PROGRAM
                                  INDIVIDUAL PORTFOLIO MANAGEMENT
The annualized fee for the Program is charged as a percentage of aggregated assets under management,
according to the following schedule:

                                           Tiered Fee Schedule
                              Assets Under Management             Marginal Annual Fee
                                        $0 - $2,000,000                   1.000%
                                   $2,000,001 - $5,000,000                0.750%
                                   $5,000,001 - $10,000,000               0.550%
                                 $10,000,001 - $25,000,000                0.350%
                                 $25,000,001 - $50,000,000                0.300%
                                 $50,000,001 - $100,000,000               0.250%
                                     Above $100,000,000                   0.200%

As an example, a client with $6,000,000 in aggregated Assets Under Management will be charged 1.00% on
the first $2,000,000 of Assets, 0.750% on the next $3,000,000 of Assets, and 0.550% on the final $1,000,000
of Assets.
For clients with accounts at Schwab, CCP fees are generally billed monthly, in advance, at the beginning of
each calendar month based upon the value (market value or fair market value in the absence of market value),
of the client's account at the end of the previous month. For clients with accounts at LPL, CCP fees are
generally billed quarterly, in advance, at the beginning of each calendar quarter based upon the value (market
value or fair market value in the absence of market value), of the client's account at the end of the previous
quarter. Any accounts held at a custodian that is not one of CCP’s recommended firms will be handled based
on similar procedures based on that custodian’s capabilities.
The client may make additions to and withdrawals from the account at any time, subject to CCP’s right to
terminate an account. If assets are deposited into an account, the fee payable with respect to such assets will
be prorated based on the number of days remaining in the billing cycle. Clients may withdraw account assets
with notice to CCP, subject to the usual and customary securities settlement procedures. In the event of a
distribution, CCP shall refund its unearned fee for that billing cycle based on the number of days remaining.
However, CCP designs its portfolios as long-term investments and asset withdrawals may impair the
achievement of the client’s investment objectives. All fee adjustments due to flows will be made during the fee
cycle following the flow(s).
For the initial billing period of investment management services, fees shall be calculated on a pro rata basis.
The Agreement between CCP and the client will continue in effect until terminated by either party pursuant to
the terms of the Agreement. CCP’s fee shall be prorated through the date of effective termination and any
remaining balance shall be charged or refunded to the client, as appropriate, in a timely manner subject to the
30 day notice requirement.
While CCP does not require a minimum account size for the Program, clients should be aware that accounts
with smaller values will typically, out of necessity, hold fewer positions in higher concentrations than other
client accounts. As a result, these accounts may experience a greater degree of volatility.
...

Item 7     Types of Clients
   CCP provides advisory services to the following types of clients:
   • Individuals (other than high net worth                   • Charitable organizations
       individuals)
                                                              • Corporations and other businesses
   • High net worth individuals
   • Pension and profit sharing plans(other than
       plan participants)