EAB Investment Group LLC

Item 5 - Fees and Compensation

5. A. Adviser Compensation

The Advisor’s fees are described generally below and detailed in each client’s advisory agreement
or applicable account documents. All fees are subject to negotiation, at the sole discretion of the
Advisor.

The Advisor’s current fee structure varies depending on whether the fee is a fixed or asset- based.
Currently the asset-based annual fee is 0.5 - 1.5% of assets under management for each client
account. The fixed fees generally range between $10,000 and $250,000 annually depending upon
the level and scope of the services and the professional rendering the services.

The Advisor’s fees are generally negotiable. Fees may change over time and as discussed below,
different fee schedules may apply to different types of clients, strategies and advisory
arrangements. The Advisor reserves the right to waive or reduce the fees charged to a particular
client in its sole and absolute discretion. An advisory agreement may be terminated according to
the terms of the contract, including providing written notice to the other party as required by the
agreement. Upon termination, fees will be prorated to the date of termination. If any fees are
prepaid, unearned fees will be promptly refunded.

5. B. Direct Billing of Advisory Fees

The Advisor does not typically debit a client’s account for fees. The Advisor will invoice clients
directly on a monthly basis for fees. Clients may request that fees owed to the Advisor be deducted
directly from the client’s custodial account. In instances where a client has authorized direct billing,
the Advisor takes steps to assure itself that the client’s qualified custodian sends periodic account
statements, no less frequently than quarterly, showing all transactions in the account, including
fees paid to the Advisor, directly to the client. Generally, the Advisor will invoice clients for their
advisory fees, regardless of whether direct billing is used. Clients have the option to be billed by
invoice to make a direct payment for fees rather than having fees deducted from their account.

5. C. Other Non-Advisory Fees

The Advisor’s fee is 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 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. A client’s portfolio
may include positions in mutual funds or exchange traded funds which also charge internal
management fees, which are disclosed in those funds’ prospectuses.

Please see Item 12 for additional information regarding the Advisor’s brokerage practices.

Additionally, as mentioned above in Item 4.B., the Advisor may provide consulting services to
institutional clients for a fixed fee and subscription-based research reports to institutional entities.
Generally, the Advisor charges a fixed fee for its consulting services and subscription services. The
fixed fee is subject to negotiation and ranges from $10,000 - $250,000 per year.

5. D. Advance Payment of Fees

The Advisor does not charge client fees in advance.

5. E. Compensation for Sale of Securities or Other Investment Products

The Advisor does not accept compensation for the sale of securities or other investment
products in its capacity as an investment advisor. Notwithstanding the foregoing, Edward Boll
is registered representatives of a broker dealer (the “Broker-Dealer”). EAB may direct trades
for certain advisory clients through the Broker-Dealer and / or provide research and brokerage
advice to non-discretionary clients with respect to transactions placed through the Broker
Dealer, which creates a conflict of interest due to the compensation arrangements in place
between the Broker-Dealer and the aforementioned employees. Please see Item 10 below for
additional information regarding the ways in which the firm mitigates the conflict.

In relation to the Advisor’s role as a sub-adviser to the Mutual Fund, the Advisor provides
investment management services for an annual fee based on the amount of assets under the
Advisor’s management. Such fee is paid by Easterly Asset Management to the Advisor. The Mutual
Fund is not responsible for paying this fee to the Firm. The annual fee is prorated and charged
daily in arrears, based upon the market value of the assets being managed by the Advisor.

Item 7 - Types of Clients

The Advisor provides investment advisory services to registered investment companies and may
also provide investment advisory services to registered investment advisors and institutional
clients. The minimum investment for a client of the Advisor is $2,000,000. Such minimums may be
waived or reduced in the discretion of the Advisor.