Fortis Capital Management LLC

Item 5 Fees and Compensation

Fees for Advisory Services
Our advisory fees are typically based on a percentage of the assets under management. On the last
business day of a quarter, the fair market value of all the holdings in a clients’ account is added to come
up with the assets under management. Fees are typically charged on a pro-rated quarterly basis in
accordance with the annual fee schedule below:

       Assets Under Mgmt                  Annual Fee %
          >$5,000,000                        0.75%
          <$5,000,000                        1.00%

Both fee schedules have an annual fee minimum of $10,000, which may be waived or reduced at our
discretion. Due to the annual fee minimum, for clients with less than $1,000,000 in assets under
management, the minimum annual fee will result in a higher annual percentage rate than the table shown
above.

Liquid and easy to value assets (such as publicly traded securities, cash, etc.) and liabilities (mortgages,
car loans, etc.) will utilize a third-party valuation, such as the custodian’s stated value for an investment
account held at Charles Schwab or Fidelity. Valuations of assets/liabilities that are more illiquid and
challenging to value (real estate, private businesses, etc.) will be based on a reasonable valuation using
firm valuation policies.

Fees may be negotiated and we have the discretion to charge certain clients different fees as we see fit.
Clients should note that lower fees for comparable services may be available from other sources.

Fees for our advisory services are typically charged on a quarterly basis in arrears, in accordance with the
terms of the individual client’s advisory agreement. The fee is calculated by us and deducted from the
client’s account after the quarter in which services have been rendered. When the fee is deducted it is then
transferred to our account. The advisory fees will be reflected on the client statements prepared and
provided by the custodian. Concurrent with providing the fee to the custodian each time we make a client
fee deduction request, we can provide clients an invoice itemizing the fee upon request from the client.

Legacy Prism Capital Management (“Prism”) Account Fees

Following the acquisition described in Item 4 of this Brochure, legacy Prism accounts held at Charles
Schwab & Co., Inc., (“Schwab”) will continue to be billed on a quarterly basis in advance, in accordance
with the terms of each client’s Fortis advisory agreement. Advisory fees are calculated by us and
deducted from the client’s account prior to the quarter in which services are rendered. The fee is deducted
and transferred to our account. Advisory fees will be reflected on client account statements prepared and
provided by the custodian. If a client terminates the advisory relationship before the end of a prepaid
quarter, we will calculate a pro-rata refund based on the fee paid at the start of the quarter and the number
of days remaining in the quarter. Any reimbursement will be returned from our account to the client’s
account. Legacy Prism accounts held at Nationwide will typically be billed quarterly in arrears.

Such accounts are charged annual asset-based advisory fees for discretionary portfolio management and
retirement plan consulting services. Fees are calculated as a percentage of the value of the assets under
management. The specific fees applicable to each client were previously negotiated by Prism, taking into
consideration the complexity of the engagement and total assets under management. Typical client fees
range from 0.50% to 1.99% per year. For purposes of calculating quarterly fees, the following formula
applies: (Account value at the end of the quarter) × (Annual fee rate) ÷ 4 = Quarterly fee.

Third-Party Platform (“Pontera”) Fees

Fees will be assessed and billed quarterly for all advisory Clients using Pontera. Specifically, the exact
amount charged is determined by the account value at the end of the quarter.

Typically, the advisory fee for Clients using Pontera is a blended fee and is calculated by assessing the
percentage rates using the predefined levels of assets as shown in the above table and applying the fee to
the account value as of the last day of the previous quarter (per the paragraph above), resulting in a
combined weighted fee. For example, an account valued at $2,000,000 would pay an effective fee of 1%
with the annual fee being $20,000 (a quarterly fee of $5,000).

Advisory services fees are generally directly debited on a pro rata basis from Client accounts. The
exception for this is directly-managed held-away accounts, such as 401(k)s. As it is impossible to directly
debit the fees from these accounts, those fees will be assigned to the Client’s taxable accounts on a pro-
rata basis. If the Client does not have a taxable account, those fees will be billed directly to the Client.

An account may be terminated with written notice at least 15 calendar days in advance. Since fees are
paid in arrears, no rebate will be needed upon termination of the account.

Performance Fees
Occasionally, Fortis will agree with a client to be paid a percentage of the increase in the value of a client’s
account, subject to a high water mark. High water mark is defined as the highest peak in value at which the
account was charged a performance fee. Performance fees are calculated and charged quarterly. See
additional disclosures and discussions on conflicts of interest regarding performance fees in Item 6.

Clients will incur brokerage fees and other transaction costs charged by the broker/dealer and custodian.
Custodians may charge an annual fee for IRA accounts. Please see Item 12 that discusses brokerage.

Clients should note that similar advisory services may (or may not) be available from other registered (or
unregistered) investment advisors for similar or lower fees.

Fees Associated with Investment in the Fund
...

Item 7 Types of Clients

Our firm provides investment advisory services to individuals, families, small businesses, charitable
organizations, trusts, foundations, and private funds. Some of these clients can or will be considered
qualified clients, per SEC Rule 205-3, and will be eligible for the performance-based fee arrangements as
described in Item 6.
Our clients usually lack the time and specialized knowledge and skills to build and manage their
portfolios. Because our investment time horizon for most purchases may be up to three or more years, our
clients must be willing to look beyond short-term fluctuations to achieve long-term investment targets.

The minimum annual fee to engage in our services is $10,000 per year, though we may waive this
minimum at our discretion. Some of the reasons we may choose to waive the minimum are if we believe
the client has substantial lifetime earnings power, a large potential referral network, or has multiple
accounts or family accounts held on our platform that when combined meet the minimum threshold.