Marin Capital Management LLC

Item 5 Fees and Compensation
Investment Advisor fees are billed in advance and deducted quarterly from the client’s brokerage
account(s) based on the value of the assets in the account on the first business day of the new
quarter as reported by the custodian or administrator. For those clients that either do not have
brokerage accounts managed by MCM and/or prefer to pay through outside sources, this is
permissible. For partial quarters, the fee will be prorated based upon the number of days the
account was open during the billing period. For alternative investments with delayed capital
account values, MCM will bill using the most recent value that we have from the fund
administrator at the time of billing.

For clients with less than one million dollars in investible assets, MCM may charge an hourly fee
of $500 an hour for financial planning. This time could be spent doing everything from meeting
with clients, data entry, data analysis or research. The terms and conditions of the financial
planning and engagement are set forth in the Advisory Agreement and MCM generally requires
payment in advance. The Firm does not, however, solicit or require $1200 or more in prepaid fees
in excess of six months in advance of services rendered.

Reimbursements are provided to clients upon termination of these investments based on the
amount of days (assuming a 30-day month) the investment was under management.

The fee schedule for MCM’s clients starts at an annual fee of 1.1% and is reduced to .6% based
on the amount of assets under management per client household. Breakpoints for fee reductions
are specified in the Client Agreement. Fees are negotiable at the discretion of MCM and will
generally only be negotiable in extraordinary or special circumstances.

Certain legacy clients have been waived into a prior fee schedule that differs from the fee schedule
described above; such clients should refer to their specific Investment Advisory Agreement for a
complete description of the applicable fee schedule and fee-billing methodology.

Investment managers also charge fees. Their fees vary, sometimes dramatically (typically .10% to
2%) and are recommended by MCM only when suitable for a client’s portfolio relative to their
investment objectives. Portfolios are customized to suit the needs, preferences and suitability of
each client. Portfolios are typically comprised of varied investment ideas from various sources.
Mutual funds expense ratios vary greatly depending upon the strategy.
Depending on the assets held within a client portfolio and the custodian of the IRA accounts,
clients may pay custodian fees as well as transaction costs associated with the assets and activity
in a given time period. In all instances, MCM will work to keep these costs to a minimum.

Omni Overlay Fee
Clients who elect to participate in the Omni Overlay pay an annual fee of up to 0.50% (i.e., 50
basis points) on assets to which the overlay is applied (“Overlay Fee”); there are no breakpoints
based on asset levels

 The Overlay Fee is separate and in addition to MCM’s standard advisory fee and MCM does not
charge our standard assets under management fee or any other fee on the assets to which the
overlay is applied. A client at the minimum fee level of 1.10% that chooses to have the Omni
Overlay applied to a portfolio as additive income, the client will be assessed a fee of 1.60%

The Overlay Fee is allocated as follows:
    • Approximately 0.25% (25 basis points) is paid to the designated sub-adviser/trading desk
        (currently Mindset Asset Management); and
    • The remaining 0.25% (25 basis points) is retained by MCM.
Clients do not pay any fees directly to Omni

Item 7 Types of Clients
The types of clients that the firm services are individuals, trusts, small-business pension plans and
small, closely held corporations, other RIAs and family offices, pooled investment vehicles.

The minimum account size that the firm will accept is $2,000,000; however, this minimum account
requirement may be waived by MCM at its discretion.