Moler Capital Management LLC

ITEM 5 - FEES AND COMPENSATION
Fee Schedule

Investment Management Services
MCM charges advisory fees for investment management services. MCM‘s advisory fees are charged
based on a percentage of the client’s total assets under management, per the following schedule:

 Assets Under Management                     Annual Fee
 First $3,500,000                              1.00%
 $3,500,001 to $5,000,000                      0.80%
 $5,000,001 to $10,000,000                     0.70%
 $10,000,001 +                                 0.50%

MCM aggregates related account balances of clients within the same household for purposes of
achieving the advisory fee breakpoints listed above. Some accounts are under different fee schedules
honoring prior agreements. We also manage some family and related accounts without charge.

Billing Method

Investment Management Services
MCM’s advisory fees are payable quarterly in advance at the beginning of each calendar quarter. We
charge one fourth of the annual fee each quarter based on the market value of the client’s portfolio as
of the last business day of the prior calendar quarter. The formula used for the calculation is as follows:
(Annual Rate)/4 x (Total Assets Under Management at Quarter-End).

For new client accounts, the first payment is a pro-rata calculation due upon execution of the advisory
agreement. The calculation will take into consideration the number of days remaining in the quarter and
the initial value of the portfolio. The formula used to calculate the initial advisory fee would be as
follows: (Result of Quarterly Calculation) x (Days Remaining in Quarter) / (Total Number of Days in
Quarter).

For advisory fee calculation purposes, a calendar quarter is a period beginning on January 1, April 1,
July 1, or October 1 and ending on the day before the next quarter. A day is any calendar day including
weekends and holidays. For new accounts and terminations, the number of days remaining in the
quarter is the number of calendar days following the date a new account is funded or the date MCM
receives a termination notification.

Moler Capital Management                             8                                      Part 2A Brochure

With client authorization, MCM will automatically withdraw MCM’s advisory fee from the client’s
account held by an independent custodian. Typically, the custodian withdraws advisory fees from the
client’s account during the second month of each quarter based on MCM’s instruction. All clients will
receive brokerage statements from the custodian no less frequently than quarterly. The custodian
statement will show the deduction of our advisory fee. See also Item 15 – Custody below.

Other Fees and Expenses

MCM’s fees do not include custodian fees. Clients pay all brokerage transaction fees, stock transfer fees,
and/or other similar charges incurred in connection with transactions in accounts from the assets in the
account, which are in addition to the fees client pays to MCM. See Item 12 - Brokerage Practices below
for more information. In addition, fund shares held in a client’s account are subject to ongoing fund-
related expenses and, if applicable, deferred sales charges, 12b-1 fees, and/or early redemption fees on
mutual funds. Each fund’s prospectus fully describes its fees and expenses. All fees paid to MCM for
investment advisory services are separate and distinct from the fees and expenses charged by funds.
Funds pay advisory fees to their managers, which are indirectly charged to all holders of the fund’s
shares.

Termination

Investment Management Services
Either party may terminate the agreement upon five (5) days’ notice to the other party. However,
termination will not affect any liability with regard to transactions initiated prior to termination. The
client may terminate the agreement by writing to MCM at its office.

MCM will refund any prepaid, unearned advisory fees based on the effective date of termination. Upon
termination of the agreement, we will credit the client’s custodial account for any unearned advisory
fees using the following formula: (Fees Paid) x (Days Remaining in Quarter)/(Total Number of Days in
Quarter).

Other Compensation

MCM does not accept compensation for the sale of securities or other investment products, including
asset-based sales charges or service fees from the sale of mutual funds.

Additional Compensation for Trustee Services
See Item 10 – Other Financial Industry Activities and Affiliations below.

ITEM 7 - TYPES OF CLIENTS
MCM offers discretionary asset management services to individuals, high net worth individuals, trusts
and estates, and individual participants of retirement plans. In addition, we offer advisory services to
pension and profit sharing plans, charitable organizations, and businesses.