Eurocapital Advisors Inc

Item 5: Fees and Compensation

We provide our asset management services for a fee. The fee is based on the size of your portfolio.
Services similar to those offered by us may be available elsewhere for more or less than the amounts we
charge.

Our fee calculation will take the average monthly balance of your assets under management with us,
and/or by third-party advisors referred by us, and will be determined over the course of the fiscal
quarter.

Our Advisory Agreement defines what fees are charged and their frequency. We bill fees in arrears on
a quarterly basis. You will authorize the custodian to directly debit fees from your account held at the
custodian and to pay us. We will send a bill to you and the custodian showing the amount of our fee, the
value of your assets on which the fee was based, and the specific manner in which the fee was calculated.
You are responsible for verifying fee computations since custodians generally do not perform this task.
Management fees are prorated for each contribution and withdrawal made during the applicable
calendar quarter (with the exception of small inconsequential contributions and withdrawals). The
custodian will also send you a statement, at least quarterly, indicating all the amounts disbursed from
your account including the amount of advisory fees paid directly to us.

Either party may terminate the initial agreement at any time by providing written notice to the other
party within five (5) business days of signing the agreement. You will incur charges for advisory or
consulting services rendered up to the point of termination and such fees will be due and payable by
you within five business days of being billed. Refunds will be given on a pro-rata basis within five
business days of cancellation. Accounts opened or terminated during a calendar quarter will be charged
a prorated fee. Once an account is established, either party may terminate the relationship with a 30
day written notice. Upon termination of any account, any prepaid fees that are in excess of the
management services performed, will be promptly refunded to you. Any fees that are due, but have not
been paid, will be billed to you and are due immediately.

Our fees do not include brokerage commissions, transaction fees, and other related costs and expenses.
You may incur certain charges imposed by custodians, brokers, third-party investment companies and
other third parties. These include 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. Mutual funds, money market funds and exchange
traded funds also charge internal management fees, which are disclosed in the fund’s prospectus. These
fees may include, but are not limited to, a management fee, upfront sales charges, and other fund
expenses. All such fees are in addition to our management fee. Your account at the custodian may alsobe
charged for certain additional assets managed for you by us but not held by the Custodian (i.e.
mutual funds, 401(k) s). You should review all fees charged to fully understand the total amount of fees
you will pay.

You could invest in a mutual fund directly, without our services. In that case, you would not receive the

EuroCapital Advisors, INC                      ADV Part 2A                                     Page 9

   services provided by us which are designed, among other things, to assist you in determining which
   mutual fund or funds are most appropriate to your financial condition and objectives.

   When we execute your transactions through the broker-dealer/custodian of your account, you are
   responsible for all commissions and other charges and fees the custodian charges for holding your
   account. If you elect to have your account managed by a third-party advisor, you will pay a fee to both
   us and to the third-party advisor. Our fee schedule does not include the following separately billed fees,
   which we do not receive any part of: mutual fund expenses, trading and custodial costs. These fees will
   be separately charged by the custodian and investment companies and are paid by you.

   1. Asset Management Program Fee
   You will pay us a fee for our investment advisory services. All fees are negotiable. In you do not
   negotiate a fee; the fee schedules described below will apply. If a flat fee is negotiated, that fee will be
   listed in the Asset Management Fee Agreement. You may also pay additional advisory fees to a third-
   party money manager depending upon which manager you select. We may amend your fee schedule
   with a thirty- day written notice informing you of the change. We offer two types of investment
   management services; an Asset Management Program and an Advisory Referral Program.

       a. Asset Management Program
   The fee charged is based upon the amount of money you invest. You will be charged a fee based on a
   percentage of the average quarterly balance of assets under management on a quarterly basis, in arrears.
   The average quarterly balance will be calculated at the end of each quarter. This average balance is then
   charged one-fourth the annual rate in the table below. Fees will be pro-rated for accounts managed for
   less than a full quarter. Fees for separate but related accounts will be calculated based upon the
   combined net asset value of the related accounts.

   Annual Percentage*               Portfolio Size (AUM)

          0.75% - 1.00%        $0 - $25,000,000
          0.50%                $25,000,000 - $50,000,000

          0.375%               $50,000,000+

*Fees may also be negotiate depending on level of services provided and assets under supervision.

       b. Advisory Referral Program
   The fees you pay us (your advisor) are based upon a percentage of the assets under management
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