Fourpath Capital Management LLC

fees and compensation.

Financial Planning and Consulting Services

Fees for financial planning and/or consulting services are billed on a fixed rate in advance. There is no
minimum fee required for financial planning or consulting services; however financial planning and
consulting fees shall generally not exceed $20,000 annually. Fees are due and payable as incurred.

Factors we consider when determining our financial planning and consulting fees include, but are not
limited to:

   •   The amount of time we expect to spend completing the financial planning or consulting services
       and providing related advice;

   •   The complexity of your goals, issues and/or needs;

   •   The extensiveness and complexity of the data needed regarding your personal financial
       information;

   •   Your net worth or the value of your investment accounts and/or other assets that are the subject
       of the financial planning or consulting services; and/or

   •   Special circumstances related to life changes, marital status, health or special income needs, or
       growth or decline of a personal business.

FourPath may request a retainer to initiate financial planning and consulting services; however, we will
not request the prepayment of fees more than $1,200 in advisory fees more than six months in advance.

You may engage FourPath for additional investment management services to assist with implementing
one or more financial planning recommendations. You will incur additional fees if you retain our firm for
such services. You have complete freedom in selecting an investment adviser to assist you in
implementing any recommendations by FourPath and are under no obligation to act upon the advice we
provide.

For consulting services, the investment advisory agreement between FourPath and the client will
continue in effect until terminated by either party. For stand-alone financial planning services, the
agreement between FourPath and the client will terminate upon delivery of the plan or completion of the
service.

Fiduciary and Non-Fiduciary Services for Plan Sponsors

Fees for retirement plan sponsors are either set at a flat rate or based upon the value of the plan assets
that are the subject of the consulting services and are generally payable in arrears on a quarterly basis.
Fees for one-time projects are payable either upon completion of the project or half paid upon execution
of the agreement with the balance due upon completion of the project. A graduated fee schedule may be
set by the firm for fees based on the value of plan assets, which will be described in your services
agreement.

Payment of Fees

Clients authorize FourPath to instruct the account custodian to directly debit fees from the client’s
account. Accounts initiated or terminated during a calendar quarter will be charged a prorated fee.

Fees for our advisory services generally require you to pay investment advisory fees in advance of
receiving services. If services are provided for less than a full calendar quarter or you withdraw or add
assets to your account, advisory fees will be prorated based on the number of days in the quarter
services were received or the assets were under FourPath’s management. For newly incepted
relationships, this prorated fee will be charged at the same as the first full quarter’s fee. For
terminations, any pre-paid, unearned fees will be promptly refunded.

   •   For investment and wealth management services, refunds are calculated by taking the total
       advisory fee billed for the calendar quarter, dividing that amount by the number of days in the
       calendar quarter and multiplying that amount by the number of days services were not provided
       during the calendar quarter.

          o If cash and/or securities are added or withdrawn between billing periods, a prorated fee
            will be charged or refunded on the net value of the additions and/or withdrawals as of the
            date of activity and will be based on the rate effective on that date. Fees will be assessed
            or refunded in the following billing period if the net fee generates a fee or refund of at least
            $10.

   •   For Independent Managers, the Independent Manager determines the manner in which advisory
       fees are billed (in advance or arrears). You should refer to the manager’s Form ADV Part 2A
       Brochure for additional information on how fees are paid for their services.

   •   For financial planning and consulting services, refunds are calculated based on the value of the
       services that were completed prior to termination of the advisory agreement.

   •   Fees for fiduciary and non-fiduciary consulting services for plan sponsors are generally payable in
       arrears. For one-time projects that are partly paid upon execution of the agreement, the amount
       of the refund is calculated based on the value of the services that were completed. Any earned,
       unpaid fees will be due and payable upon termination of the advisory contract.

Other Types of Fees and Expenses You May Incur

Clients may incur certain charges imposed by custodians, brokers, third-party investments and other
third parties, such as fees charged by Independent Managers, custodial fees, odd-lot differentials,
transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts
and securities transactions. Decisions to reallocate your account assets may result in you incurring a
redemption fee imposed by one or more mutual funds held in your account. Mutual funds and exchange
traded funds also charge internal management fees, which are disclosed in a fund’s prospectus. Such
charges, fees and commissions are exclusive of and in addition to FourPath’s fee. FourPath shall not
receive any portion of these commissions, fees, and costs, including any distribution or “12b-1” fees
paid by the mutual funds in which your account assets are invested.
...

Item 7 – Types of Clients

FourPath provides portfolio management services to individuals, high net worth individuals and families,
pension and profit-sharing plans, trusts, estates, charitable institutions, foundations, corporations, and
other business entities.

FourPath generally requires a minimum initial investment of $1,000,000 for investment management
services. The firm, in its sole discretion, may accept clients with a lower initial investment based upon
each client’s particular circumstances.

Certain Independent Managers may impose more restrictive account requirements and varying billing
practices than FourPath. In such instances, FourPath may alter its corresponding account requirements
and/or billing practices to accommodate those of the Independent Managers.