Elite Life Management LLC

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into a written
agreement with the Advisor which will identify the fee.

A. Fees for Advisory Services
Investment advisory fees are primarily paid quarterly, in advance of each calendar quarter, pursuant to the terms
of the investment advisory agreement. Investment advisory fees are billed at an annual rate of up to 1.50% and are
based on the market value of assets under management at the end of the prior calendar quarter. Fees are based
on several factors, including: the complexity of the services to be provided, the level of assets to be managed, and
the overall relationship with the Advisor. Relationships with multiple objectives, specific reporting requirements,
portfolio restrictions and other complexities may be charged a higher fee. Fees may also be charged at a fixed
amount per year, and/or billed in arrears in some cases.

The Fee for the initial quarter shall be calculated on a pro rata basis commencing on the date of account opening
and shall be based on the market value of the assets under management on the first month-end following the
date this agreement is signed and assets have been posted to the account(s). The fee for accounts which are a
fixed dollar amount shall be prorated so that one fourth of the fee is paid quarterly in advance. Fees may be
negotiable at the sole discretion of the Advisor. Certain Clients may be offered a fixed fee not to exceed the
annual rate above. The Client’s fees will take into consideration the aggregate assets under management with
the Advisor. All securities held in accounts managed by Elite will be independently valued by the Custodian. Elite
will conduct periodic reviews of the Custodian’s valuations. In the rare circumstance where the custodian cannot
obtain a value, Elite will look to other third-party sources for valuation such as the issuer of a private placement
or use the purchase value or other historical value obtained. If no other valuations are available, the Advisor will

determine fair value based on appropriate factors, including its knowledge of the security and current market
conditions, which valuation will be reviewed and approved by the Chief Compliance Officer.

The Advisor’s fee is exclusive of, and in addition to, brokerage fees, transaction fees, and other related costs and
expenses, which may be charged to the Client by third-parties. However, the Advisor shall not receive any
portion of these commissions, fees, and costs.

B. Fee Billing
Investment advisory fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s] at
the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted
from the Client’s account[s] at the respective quarter-end date. The amount due is calculated by applying the
quarterly rate (annual rate divided by 4) to the total assets under management with Elite at the end of the prior
calendar quarter. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting
deduction of the investment advisory fee. Clients are urged to also review and compare the statement provided by
the Advisor to the brokerage statement from the Custodian, as the Custodian does not perform a verification of fees.
Clients provide written authorization permitting advisory fees to be deducted by Elite to be paid directly from their
account[s] held by the Custodian as part of the investment advisory agreement and separate account forms
provided by the Custodian.

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than Elite, in connection with
investments made on behalf of the Client’s account[s]. The Client is responsible for all custody and securities
execution fees charged by the Custodian. The fees charged by Elite are separate and distinct from these custody
and execution fees.

In addition, all fees paid to Elite for investment advisory services are separate and distinct from the expenses
charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are described
in each fund’s prospectus. These fees and expenses will generally be used to pay management fees for the
funds, other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a
possible distribution fee. A Client may be able to invest in these products directly, without the services of Elite,
but would not receive the services provided by Elite which are designed, among other things, to assist the Client
in determining which products or services are most appropriate for each Client’s financial situation and
objectives. Accordingly, the Client should review both the fees charged by the fund[s] and the fees charged by
Elite to fully understand the total fees to be paid. Please refer to Item 12 – Brokerage Practices for additional
information.

D. Advance Payment of Fees and Termination
Elite may be compensated for its investment advisory services in advance of the quarter in which services are
rendered. Either party may terminate the investment advisory agreement, at any time, by providing advance written
notice to the other party. The Client may also terminate the investment advisory agreement within five (5) business
days of signing the Advisor’s agreement at no cost to the Client. After the five-day period, the Client will incur
charges for bona fide advisory services rendered to the point of termination and such fees will be due and payable
by the Client. Upon termination, the Advisor will refund any unearned, prepaid investment advisory fees from the
effective date of termination to the end of the quarter. The Client’s investment advisory agreement with the Advisor
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Item 7 – Types of Clients

Elite offers investment advisory services to individuals, high net worth individuals, trusts, estates, legal entities,
institutional clients, charitable organizations, retirement plans and other registered investment advisors. Elite
generally does not impose a minimum relationship size.