Finec Asset Management LLC

ITEM 5 – FEES AND COMPENSATION

Adviser’s Basic Management Fees

The specific way fees are charged by Adviser is established in each client’s written investment advisory agreement with the Adviser.
Generally, and pursuant to such contract, fees for the management of Accounts will be based upon a percentage of the total assets
in the account (including margined assets). The Adviser typically receives an annual management fee, previous agreement with
the client the ranging between 0.25% to 1.50% and a performance fee in specific occasions only for qualified investors of the
assets under management and a minimum fee of $400 USD per quarter. The Adviser may enter into flat fee arrangements from
time to time, typically for administrative services provided to clients or client Accounts. Lower fees for comparable services may
be available from other sources.

Calculation and Deduction of Advisory Fees

With respect to accounts that the Adviser manages on a discretionary basis, including the specialized discretionary programs,
fees can be billed quarterly in arrears or required to be paid in advance on a quarterly basis. Clients are generally required to
authorize the Adviser to directly debit management fees from client accounts. Fees for other non-discretionary programs are
billed to clients, although frequently clients pre-authorize their custodians to automatically deduct the fees from the client’s
account and to make payment to Adviser in advance, on a quarterly basis. The fees are calculated based on the fair market value
("FMV") of the Client's Account as of the three-month end account balances of each quarter. Except as otherwise noted, the
Adviser uses the FMV for the Client's account as provided for by the Custodian to calculate its advisory service fees including
accrued interest, margin, and short options positions. The Custodian determines the FMV in accordance with their standard
policies and practices. In the event the Custodian does not provide a market value for any asset(s) in a Client’s Account, such
asset(s) shall be valued at a FMV price as determined in good faith by FAM.

A client may pay fees than similar clients depending on the particular circumstances of the client, account size, anticipated future
additional assets, pre-existing/legacy client relationship, additional or differing levels of servicing or as otherwise agreed with
specific clients. Clients that negotiate fees, including a flat fee, may end up paying a higher fee than that set forth above because
of fluctuations in the client’s assets under management and account performance.

In the event the Adviser bills fees in advance, refunds are given on a pro-rated basis, based on the number of days remaining in
a quarter at the point of termination. Fees that are collected in advance will be refunded based on the pro-rated amount of work
completed up to the day of termination within the quarter terminated. The fee refunded will be the balance of the fees collected
in advance minus the daily rate (the daily rate is calculated by dividing the quarterly AUM fee by the number of days in the
termination quarter) times the number of days in the quarter up to and including the day of termination. Clients may terminate
their contracts without penalty, for full refund, within 5 business days of signing the investment advisory agreement.

Additional Fee Information

Adviser’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses which shall be
incurred directly by the client. Clients may incur certain charges imposed by custodians, brokers, and other third parties such as
fees charged by fund managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and
electronic funds fees, and other fees and taxes on brokerage account and securities transactions. Mutual funds and exchange-
traded funds also charge internal management fees, which are disclosed in a fund’s prospectus. The client is solely responsible for
paying all such charges. It is the Adviser’s policy not to accept “kick-backs” or retrocession fees from any non-affiliated (third)
party providing services to the Adviser’s clients.

           Fi n e cAsse tM a n a g em e n t,LLC                                                                    Page|7

Termination of the Agreement

Although an Agreement between FAM and its clients are ongoing agreements and constant adjustments are required, the length
of service to the client is at the client’s discretion. The client or the Adviser may terminate an investment advisory agreement by
written notice to the other party with a thirty (30) – day advance notice or as agreed upon otherwise between the client and the
Adviser.

If an agreement is terminated during a period in which the client has already paid FAM its advisory fees in advance, then the
Adviser will reimburse, on a pro-rated basis, the remaining advisory fees collected for any service not rendered. These fees will
be sent to the client’s address of record, unless otherwise directed by the client, within thirty (30) days of termination of the
agreement.

ITEM 7 – TYPES OF CLIENTS

 FAM generally provides customized advisory services to individuals, high-net-worth individuals, trusts, corporations and other
 business entities, domiciled or residing primarily in the U.S., Canada, Mexico and other Latin American countries.

 Minimum Account Value

 The Adviser’s minimum account size is generally $350,000, although this is negotiable. For more complex investment strategies
 or higher scope accounts, the Adviser may have higher expected relationship levels. In some cases, family accounts may be
 combined to meet the account size minimum.

 If at some point the account value falls below $350,000, the Adviser reserves the right to request that the client deposit additional
 cash or securities to bring the account value back to the $350,000 minimum. Should the client fail to deposit additional cash or
 securities to maintain the $350,000 minimum account value, the Adviser may terminate the relationship. Note that for friends
 and family of employees or shareholders of the Adviser, the account minimum requirement may be waived or negotiated at the
 Adviser’s discretion.