Futura Asset Advisors LLC

Item 5 – Fees and Compensation

Investment Management Services Fees

Futura charges clients for its investment management services on either a fixed basis or variable based on the
market value of the assets under management for each account. Variable fees up to 1% of assets under
management are generally negotiable depending on the specific nature of services rendered, portfolio size,
investment objectives, strategy employed, the complexity of a client's investment management needs and
whether our involvement is actively managing assets or simply passive reporting of holdings. The specific
manner in which fees are charged by Futura is established in a client’s written investment agreement. Futura
will generally bill its fees on a quarterly basis and clients are billed at the start of the following calendar
quarter, in arrears.

Clients can grant us authority to receive our advisory fees from client’s account(s) held by the independent
custodian within thirty (30) days following the end of the period for which said fees will be incurred.
Accounts initiated or terminated during the calendar quarter will be charged a pro‐ rated fee.

Notwithstanding the above, certain clients of Futura with pre‐existing relationships could initially be charged
fees which are less than those set out above. With regards to employee related accounts and certain other
accounts, the quarterly fees may be less, depending upon a number of factors, including portfolio size, length
of employment and relationship to the employee.

In addition to investment advisory fees, Futura charges clients’ non‐asset based advisory fees for work
conducted on behalf of clients including hourly fees and/or fixed fees.

Futura’s fees are exclusive of brokerage commissions, transaction fees, markups, markdowns, and other
related costs and expenses which shall be incurred by the client. In addition to advisory fees paid to Futura,
clients who hold investments in investments funds will be subject to fees charged by those funds. These fees
are built into the pricing structure of the funds and are not charged directly to the clients’ account. Futura
does not receive any part of these fees.

Transaction and Other Costs

Futura’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses
which shall be incurred by the client. Clients may incur certain charges imposed by custodians, brokers, third
party investment and other third parties such as 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 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 Futura’s fee, and Futura shall not
receive any portion of these commissions, fees, and costs.

Item 12 further describes the factors that Futura considers in selecting or recommending broker‐ dealers for
client transactions and determining the reasonableness of their compensation (e.g., commissions).

Termination

The advisory contract may be terminated by either party immediately upon receipt of a 30‐day written notice.
Upon termination of any account, any prepaid, unearned fees will be promptly refunded, and any earned,
unpaid fees will be due and payable.

Item 7 – Types of Clients

Futura provides portfolio management services to, high net worth individuals, families, foundations, private
investment funds, trusts, and other U.S. and international institutions.

The minimum investment suggested for a managed account is $2,000,000. However, Futura has the discretion
to accept investments for lesser amounts.