M3Sixty Capital LLC

Item 5 – Fees and Compensation

M3Sixty receives compensation for providing advisory services depending on the manner in which they
are provided.

Model Managed Accounts (MMAs)

   M3Sixty International Equity Strategy

       Fee Schedule for MMAs

                 AUM Range                      Fee
        $5 million - $25 million         0.80%
        $25,000,001 - $50 million        0.70%
        Over $50 million                 Negotiable

Separately Managed Accounts (“SMA’s”)

   M3Sixty International Equity Strategy

       Fee Schedule for SMAs

        AUM Range                         Fee
        $5 million - $25 million          0.80%
        $25,000,001 - $50 million         0.70%
        Over $50 million                  Negotiable

Fees and account minimums for MMAs and SMAs are negotiable for all account strategies. M3Sixty, in its
sole discretion, may negotiate a lesser management fee or minimum account size due to a variety of factors
such as anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to
be managed, related accounts, account composition, pre-existing relationship with client, account retention,
pro bono activities, etc. The advisory fees charged and the manner and frequency they will be calculated
will be disclosed in the Investment Management Agreement signed by the Client and M3Sixty. Fees may
be waived for affiliated and employee accounts.

For MMAs and SMAs the advisory fee will generally be payable on a monthly basis in arrears or at such
other time as agreed between M3Sixty and the client. The first payment is assessed and due at the end of
the first calendar month and will be assessed pro rata in the event the investment advisory agreement is
executed at any time other than the first day of the current calendar quarter. Subsequent payments are due
and will be assessed on the first day after the end of each month based on the value of the account assets
under management as of the close of business on the last business day of month. If termination occurs prior
to the end of a month, the client will be invoiced for fees due on a pro-rata basis.

In some cases, an SMA annual account management fee is payable quarterly in advance and is computed
as one-quarter of the annual fee based on the AUM on the last business day of the previous calendar quarter.
In some cases, the annual account management fee may be payable monthly in advance computed as one-
twelfth of the annual fee based on the AUM on the last business day of the previous month-end. The initial
quarterly fee will be prorated based on the number of billing days in the initial quarter. The initial account
balance and number of billing days in the initial quarter is calculated from the date on which the account
reaches 90% of the approximate value for the account or 30 days after the contract acceptance date by
M3Sixty, whichever occurs first. In the event a client terminates an advisory agreement with M3Sixty, any
unearned fees resulting from advanced payments will be refunded to the client.

Payment of fees may be paid directly by the client, or client may authorize the custodian holding client
funds and securities to deduct the investment advisory fees direct from the client account in accordance
with statements prepared and submitted to the custodian by M3Sixty. The custodian will provide periodic
account statements to the client. Such statements will reflect all fees paid to M3Sixty. It is the client’s
responsibility to verify the accuracy of the fee calculation. The custodian will not determine whether the
fee is properly calculated.

MMAs and SMAs may incur certain charges imposed by custodians and other third parties which may
include charges imposed directly by a mutual fund or exchange traded fund in the account, which shall be
disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses) 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. Additionally, clients may incur brokerage commissions
and transaction costs. Such charges, fees and commissions are exclusive of and in addition to the M3Sixty
advisory fee.

Mutual Funds

In the case of investment companies registered under the Investment Company Act of 1940 (the “1940
Act”), the advisory contract with M3Sixty is subject to approval by the Board of Trustees, including trustees
who are not interested persons (as defined in the 1940 Act) (“Independent Trustees”), of each mutual fund.
M3Sixty’s fees for providing these services are negotiated on an individual basis and may vary significantly
among clients. Fees charged to mutual fund clients are subject to negotiation prior to the initiation of
M3Sixty’s services.

Compensation to M3Sixty is deducted from a registered investment company’s assets and payable on a
monthly basis in arrears or on such other terms as M3Sixty and the particular client may from time to time
agree. Any investment advisory agreement concerning a registered investment company will terminate
within two years of the effective date of the investment advisory agreement unless renewed by the
investment company in a manner permitted by Section 15 of the 1940 Act. Any such agreement shall also
terminate upon assignment or upon sixty (60) days’ advance written notice by any party to the agreement
or by the investment company concerned.

M3Sixty may, from time to time, voluntarily or contractually agree to reimburse certain of its mutual fund
clients for management fees and other expenses above a specified limit. M3Sixty retains the ability to be
repaid by such clients if expenses fall below the specified limit prior to the end of the client fiscal year.

Reimbursement arrangements can decrease a fund’s expenses and enhance its performance. Voluntary
reimbursement arrangements may be discontinued by M3Sixty at any time.
...

Item 7 – Types of Clients and Account Minimums

M3Sixty services or seeks to provide services to the following types of clients: high-net worth individuals,
institutions, trusts, private funds, charitable organizations, investment companies and clients of independent
financial advisors.

Minimum Account Size

The minimum account size for SMA clients in the Firm’s strategies is $5 million. The Firm, in its sole
discretion, may negotiate a lower minimum account size. The Firm will waive the SMA minimum for
employee-owned SMA’s.