Collaborative Capital Advisors LLC

Item 5: Fees and Compensation

A. Fee Schedule

Portfolio Management Fees

        Total Assets Under Management         Annual Fees
        $0 - $25,000,000                      0.75%

        $25,000,001 - $100,000,000            0.60%

        $100,000,001 - AND UP                 0.50%

The advisory fee is calculated using the value of the assets in the Account on the last
business day of the prior billing period.

These fees are generally negotiable, and the final fee schedule will be memorialized in the
client’s advisory agreement. Accounts of family members may be included together for
calculation of advisory fee breakpoints, at CCA’s sole discretion. Clients may terminate
the agreement without penalty for a full refund of CCA's fees within five business days
of signing the Investment Advisory Contract. Thereafter, clients may terminate the
Investment Advisory Contract generally with 90 days' written notice.

Selection of Other Advisers Fees

Clients will pay CCA its standard fee in addition to the standard fee for the advisers to
which it directs those clients. This relationship will be memorialized in each contract
between CCA, each third-party adviser, and/or the client.

Private Fund Fees

The Funds that CCA advises each have offering documents that will detail the fees that
an investor will pay to service providers, like CCA, as well as other fund expenses, the
frequency with which these fees and expenses are charged, and how they are accounted
for by the Funds and reported to investors. These fees often differ from the fees that are
typically charged directly to clients pursuant to an investment advisory contract, and an
important difference is further described below in Item 6 of this brochure. When an
investment in the Funds is recommended by CCA, to CCA clients, the client will pay a
management fee to CCA pursuant to the investment advisory agreement with CCA.

Typically, when CCA advises clients to invest in a Fund where CCA is also an adviser,
the client will not pay management fees on the Fund level, but clients will, depending on
the Fund, pay a performance fee (either as a fee or in the form of carried interest) as
investors in the Fund, to an affiliate of CCA.

Distributions from private funds sponsored and advised by CCA (“Funds”) or separately
managed accounts established to invest directly in private companies that involve
performance fees or carried interest to CCA or its affiliates will generally be made in the
following order, and subject to payment of applicable management fees and other
expenses due to be paid by Clients (in the case of private funds, fund expenses), as
follows:

   •   First, the private fund investor or advisory client (referred to collectively in this
       list as “investor”) will receive distributions until the investor has received back
       100% of the amount originally invested.

   •   After the investor has received back the full amount invested, all additional
       distributions will be paid to the investor until the investor has achieved a 10%
       annual compounded rate of return on the invested capital (the "Hurdle Rate").

   •   Once the investor has received both the full return of invested capital and the 10%
       annual compounded return, any remaining distributions will be allocated 90% to
       the investor and 10% to CCA as a performance-based allocation ("carried
       interest").

As a result, CCA will not receive any performance allocation or carried interest unless and
until the investor has first received a full return of invested capital plus the 10% Hurdle
Rate. In certain cases, CCA may reduce or waive all or a portion of the carried interest for
a particular investor.

Other Funds sponsored or advised by CCA may have different fee structures, but CCA
will endeavor to avoid having the client pay an asset or performance-based fees on both
client advisory and the fund level (i.e., when CCA sponsors or advises a fund, we
endeavor to have one asset based fee and only one performance based fee paid to CCA or
its affiliates per Fund investment). Although ensuring there is only one asset-based fee
and one performance based fee on either the client advisory level or at the Fund level is a

substantial mitigant, such a fee structure where CCA and its affiliate earn an asset based
fee and a performance based fee, will be more profitable than the asset based fees typically
charged to some advisory clients, and therefore CCA may have a conflict when offering
or recommending the Funds or investments in private companies to clients. CCA takes its
fiduciary duties seriously and will recommend investment in the Funds or private
companies only when it is suitable and in the best interests of the client, and with full
disclosure of the fee structure. Clients acknowledge the fee structure of the Fund when
making investments in the Fund and for the accounts advised by CCA directly when
signing advisory agreements with CCA.

Mutual Fund Fees

All fees paid to CCA for investment advisory services are separate and distinct from the
fees and expenses charged to prospectus. Such fees generally include a management fee,
other fund expenses, and a possible distribution fee. If the fund also imposes sales charges,
a client may pay an initial or deferred sales charge. A client could invest in a mutual fund
directly, without our services. In that case, the client would not receive the services
provided by CCA which are designed, among other things, to assist the client in
determining which mutual fund or funds are most appropriate to each client's financial
condition and objectives. Accordingly, the client should review both the fees charged by
the funds and CCA fees to fully understand the total amount of fees to be paid by the
client and to thereby evaluate the advisory services being provided.

Third Party Private Fund Fees

All fees paid to CCA for investment advisory services are separate and distinct from the
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Item 7: Types of Clients

CCA’s clients include, without limitation:

   •   family offices;
   •   individuals and high net worth individuals;
   •   trusts, estates or charitable organizations; and
   •   corporations, limited liability companies and/or other business types.

CCA generally works with clients client with net worths of $25,000,000 or more. However, we
can accept clients of any net worth, and on occasion work with clients whose net worth is below
this threshold.

CCA also provides investment advisory services to partnerships, trusts, estates, charitable
organizations, educational institutions, retirement accounts, pension and profit-sharing plans,
corporations and other types of business entities associated with its individual clients, and other
institutional clients from time to time, including Funds as described above in Items 4, 5 and 6.