Incasa LLC

Item 5 Fees and Compensation

All fees are subject to negotiation. The specific manner in which fees are charged by
Incasa LLC dba PIM is established in a client’s written agreement with Incasa LLC dba
PIM.
Incasa LLC dba PIM will generally bill its fees on a quarterly basis.
Clients may elect to be billed in advance or arrears each calendar quarter. Clients may
also elect to be billed directly for fees or to authorize Incasa LLC dba PIM to directly
debit fees from client accounts. Management fees shall be prorated for each capital
contribution and withdrawal made during the applicable calendar quarter (with the
exception of de minimum contributions and withdrawals). Accounts initiated or
terminated during a calendar quarter will be charged a prorated fee. Upon termination
of any account, any prepaid, unearned fees will be promptly refunded, and any earned,
unpaid fees will be due and payable. Incasa LLC dba PIM'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 Incasa LLC dba PIM's fee,
and Incasa LLC dba PIM shall not receive any portion of these commissions, fees, and
costs.

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

Item 7 – Types of Clients

Incasa LLC dba PIM provides portfolio management services to people, pooled
investment, financial institutions and trusts.