Nexadvisors LLC

ITEM 5.        FEES AND COMPENSATION
We receive compensation from our clients in the form of fees which are typically based
on a percentage (as set forth in the fee schedule below) of a client’s aggregate account
balance, subject to negotiation. Unless otherwise agreed with a client, fees will be
automatically deducted quarterly in arrears by the client’s custodian, which is not
NexAdvisors. In addition to the advisory fees payable to NexAdvisors, clients will also
indirectly bear all applicable fees and expenses of each underlying fund, DST or
investment vehicle, including private investment funds, mutual funds and exchange
traded funds, in which the client’s account is invested as disclosed in the relevant
governing documents of such underlying fund, DST or investment vehicle. Underlying
Affiliated Funds and Affiliated DSTs are also subject to other transaction fees, asset-based
fees, and potentially performance fees and allocation, or other compensation in favor of
affiliates of the Registrant, in each case as disclosed in Item 11 under the heading “Conflicts
of Interest” and in the governing documents of the applicable Affiliated Fund, Affiliated
DST.

See the disclosure in “Item 4 – Advisory Business” regarding the conflict of interest posed
by NexAdvisors and its affiliates collecting fees at both the client account level and the
level of the Affiliated Funds and Affiliated DSTs we recommend. We also have an incentive
to recommend that clients invest in Affiliated Funds for which we or our affiliates are paid
higher fees relative to other Affiliated Funds..

Tradeaway/Custodian Fees: In connection with our discretionary investment
management services, individual equity and/or fixed income transactions can be effected
through broker-dealers other than the account custodian, in which event, the client
generally will incur both the fee (commission, mark-up/mark-down) charged by the
executing broker-dealer and a separate “tradeaway” and/or prime broker fee charged by
the account custodian.

Fee Schedule: Clients pay tiered annual management fees quarterly in arrears based on
their aggregate account balance as of the commencement of each quarter. For purposes
of illustration, if a client has an aggregate balance of $10 million it would pay 1.00% on the
first $2 million, 0.80% on the next $3 million, and 0.60% on the remainder of its aggregate
account balance, leading to an “average fee” of 0.74% annually.

  Client Assets Under Management                   % of Assets
  $0-2 million                                     1.00%, annually, or a minimum of $2,500
  $2-5 million                                     0.80%, annually
  $5-10 million                                    0.60%, annually
  More than $10 million                            Negotiable

Notwithstanding the foregoing, we generally waive the first quarter of fees for new
accounts and may waive other fees from time to time in our sole discretion without the
obligation to make any such waivers available to our clients generally. NexAdvisors, at our
sole discretion, reserves the right to charge rates lower than quoted above.

Registrant may allocate some or all of its assets among Affiliated Funds, including
DSTs and other investment vehicles, in a recommended mix. This allocation is
made notwithstanding that other non-affiliated funds are available in the
marketplace that offer lower fees and/or periods of greater performance. A
conflict of interest arises whenever the Registrant has an actual or perceived
economic or other incentive in its management of client’s accounts in a way that
benefits the Registrant. A conflict is present where Registrant invests, on a
discretionary basis, in Affiliated Funds because such allocation not only increases
the assets under management of affiliates, but also results in additional fee income
to such affiliates as disclosed in the Affiliated Fund’s offering documents.
Investment by a client in such a vehicle means Related Parties receive advisory or
other fees from the client in addition to the advisory fees Registrant charges for
managing the client’s account. The Registrant does not intend to offer any fee
offsets, rebates or other reduction arrangements in connection with such
investments except as required by law.

ITEM 7.        TYPES OF CLIENTS
The Registrant’s clients generally include individuals, high-net-worth individuals, high-net-
worth families and business or trust entities. The Registrant generally requires clients to
have a minimum of $250,000.00 in investable assets per household to provide investment
advisory services. In order to invest in certain investment vehicles, such as DSTs and private
funds, clients are also generally required to meet an “accredited investor” or Qualified Client
standard under federal securities laws.