Keen Capital Ltd

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into a written
agreement with the Advisor.

A. Fees for Advisory Services
Financial Planning Services
Annual Retainer Services: Ongoing financial planning and consulting services are offered to Clients as part of an
annual retainer program. These services are only available to Clients who have otherwise engaged Keen Capital
for broad-based financial planning services. These services must be contracted concurrent with the completion of
the initial financial plan. The ongoing annual service may include unlimited telephone contact, guidance with
respect to implementation of the financial plan and other financial issues as necessary and quarterly reviews with
Clients to discuss the progress of the financial plan. Fees for ongoing retainer services are in accordance with
the Fixed or Hourly Fee schedules set forth below.

Hourly and Fixed Fees: Keen Capital offers financial planning services either on an hourly or fixed fee basis.
Hourly fees range from $120 to $395 per hour. Fixed fee amounts and billing arrangements will be determined in
advance and agreed to in writing. Fees may be negotiable based on the nature and complexity of the services to
be provided and the overall relationship with the Advisor. An estimate for total hours and total costs will be
provided to the Client prior to engaging for these services.

Investment Management Services
Investment advisory fees are paid quarterly, at the end of each calendar quarter, pursuant to the terms of the
investment advisory agreement. Investment advisory fees are based on the average daily balance on the
account ending on the last day of the calendar quarter. Investment advisory fees will not exceed 1.25% annually
and are based on several factors, including: the complexity of the services to be provided, the level of assets to
be managed, and the overall relationship with the Advisor. Relationships with multiple objectives, specific
reporting requirements, portfolio restrictions and other complexities may be charged a higher fee.

The investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to
the end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will
take into consideration the aggregate assets under management with the Advisor. All securities held in accounts
managed by Keen Capital will be independently valued by the Custodian. The Advisor will conduct periodic
reviews of the Custodian’s valuations to ensure accurate billing.

                                                    Keen Capital, LTD
                               510 Lexington Ave, Suite 101 / P.O. Box 699 Chapin, SC 29036
                                       Phone: (803) 941-4444 * Fax: (803) 941-4445

                                                 https://keeninvestors.com

Wealth Management Services
Wealth Management fees are paid quarterly, at the end of each calendar quarter, pursuant to the terms of the
wealth management agreement. Wealth management fees are based on the average daily balance on the
account ending on the last day of the calendar quarter. Investment advisory fees will not exceed 2.00% annually
and are based on several factors, including: the complexity of the services to be provided, the level of assets to
be managed, and the overall relationship with the Advisor. Relationships with multiple objectives, specific
reporting requirements, portfolio restrictions and other complexities may be charged a higher fee.

The wealth management fee in the first quarter of service is prorated from the inception date of the account[s] to
the end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will
take into consideration the aggregate assets under management with the Advisor. All securities held in accounts
managed by Keen Capital will be independently valued by the Custodian. The Advisor will conduct periodic
reviews of the Custodian’s valuations.

The Advisor’s fee is exclusive of, and in addition to, brokerage fees, transaction fees, and other related costs and
expenses described in Item 5.C. below, which may be incurred by the Client. However, the Advisor shall not
receive any portion of these commissions, fees, and costs.

Independent Manager
As noted in Item 4, the Advisor may implement all or a portion of a Client’s investment portfolio utilizing one or
more Independent Managers. To eliminate any conflict of interest, the Advisor does not earn any compensation
from an Independent Manager. The Advisor will only earn its investment advisory fee as described above. The
Advisor will allocate a portion of the advisory fee collected to the Independent Manager pursuant to the terms of
the executed agreement between the Advisor and the Independent Manager. The total blended fee, including the
Advisor’s fee and the Independent Manager’s fee, will not exceed 1.25% annually.

Retirement Plan Advisory Services
Fees for retirement plan advisory services are charged an annual asset-based fee of up to 1.25% and are billed
quarterly at the end of each calendar quarter. Retirement plan advisory fees are based on the average daily
balance on the account ending on the last day of the calendar quarter. Fees may be negotiable depending on the
size and complexity of the Plan.

Estate Planning Services
When providing estate planning services as described in Item 4, fees will be assessed at a fixed rate depending
on the Encore package selected by the Client. The Wills-Based Estate Plan is a fixed rate of $750 and the Trust-
Based Estate Plan is a fixed rate of $1,000.

B. Fee Billing
Financial Planning Services
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Item 7 – Types of Clients

Keen Capital offers investment advisory services to individuals, high net worth individuals, trusts, estates,
retirement plans, and charitable organizations. The amount of each type of Client is available on Keen Capital’s
Form ADV Part 1A. These amounts may change over time and are updated at least annually by the Advisor.
Keen Capital generally does not impose a minimum relationship size.