Ocean Park Asset Management LLC

Item 5 Fees and Compensation
Joint Advisory Program
Advisory Fees
The Joint Advisory Program is a considered a “wrap fee” investment advisory program because each
Client account is charged a single asset-based Advisory Fee that covers the advisory fees of Ocean Park
and the Joint Advisor, together with various fees, commissions, expenses and charges related to
brokerage transactions effected for the Client account, and fees charged by the Custodian for custodial
services provided to the Client account in the ordinary course.

For Clients who hold assets away from Schwab, the fees charged for advisory services are not a wrap fee
as described above.

Ocean Park reserves the right, in its sole discretion, to negotiate or modify the Standard Advisory Fee
Schedule set forth herein for any Client and/or Joint Advisor due to a variety of factors, including but not
limited to: type and size of the accounts, the historical or anticipated transaction activity, the level of
reporting and administrative operations required, the investment strategy or style, the number of
portfolios or accounts involved, the Client or Joint Advisor’s total relationship assets under management,
terms of the relationship between Ocean Park and Joint Advisor, and/or the number and types of
services provided for the Joint Advisor and/or Client. Because the Advisory Fee is negotiable, the actual
fee paid by any Client or group of Clients may differ by Client, selected Ocean Park Programs, and/or
Joint Advisor.

Ocean Park requires Clients to enter into a Tri-party Advisory Agreement. The specific fees Clients are
obligated to pay will be outlined in their respective Tri-Pary Advisory Agreement.

The advisory fee portion of the Advisory Fee paid by Clients to both Ocean Park and the Joint Advisor are
paid in accordance with a separate agreement (the “Joint Advisory Agreement”) between Joint Advisor
and Ocean Park.

Clients elect to authorize Schwab to directly debit fees from Client accounts at the direction of Ocean
Park in the Joint Advisory Program.

Advisory Fees are payable quarterly in advance, generally in an amount equal to the Advisory Fee
Rate(s), as shown below in the Standard Advisory Fee Schedule, or as otherwise negotiated and
displayed in a Client’s Tri-party Advisory Agreement. Advisory Fee Rates are assessed against the Client’s
Account Value, as of the last market business day of the immediately preceding calendar quarter. The
Client’s Account Value is the total market value of the assets under Joint Advisory Program management
in the Client Account, as determined by the custodian on the appropriate day at quarter-end (typically,
the last market business day of the immediately preceding calendar quarter). The Advisory Fee will be
prorated for initial contributions by Client to each new account that is effective other than as of the first
day of a calendar quarter, based on the actual number of days remaining in such partial calendar quarter.
If the Tri-Party Advisory Agreement is terminated before the end of a calendar quarter, a pro rata portion
of the Advisory Fee for that quarter will be repaid to the Client (based on the actual number of days
remaining in the quarter), subject to any applicable account expenses.

Ocean Park will aggregate related Client Account Values of the same Client based on direction from
Client’s Joint Advisor for the purpose of achieving the Advisory Fee breakpoint discounts within the
Standard Advisory Fee Schedule.

Advisory Fees are calculated and debited during the first month of each calendar quarter from the Client
account(s), each such account as specified by the Client or Joint Advisor, and apply to all Client account
holdings including money market and interest-bearing account allocations.

Standard Advisory Fee Schedule
The Joint Advisory Program Standard Advisory Fee Schedule is as follows:

•       If the Client Account Value is $500,000 or less, the Advisory Fee Rate used to calculate the
        Advisory Fee payable for each calendar quarter shall be 0.60% (2.4% annualized).

•       If the Client Account Value is more than $500,000 but less than or equal to $2,000,000, the
        blended Advisory Fee Rate used to calculate the Advisory Fee payable for each calendar quarter
        shall be (x) 0.60% (2.4% annualized) for such portion of the Client Account Value up to $500,000,
        and (y) 0.45% (1.8% annualized) for such portion of the Client Account Value in excess of
        $500,000.

•       If the Client Account Value is more than $2,000,000, the Advisory Fee Rate used to calculate the
        Advisory Fee payable for each calendar quarter shall be 0.30% (1.2% annualized).

Accounts which hold a position in one or more of the Affiliated Funds will have their quarterly Advisory
Fee reduced by the Affiliated Funds’ Fee Offset Credit as described below.

The Advisory Fee that a Client pays under the Joint Advisory Program may be higher or lower than the
aggregate fees, commissions, expenses, or charges that the Client would otherwise pay if advisory,
brokerage, and custodial services were separated. Accounts with low trading volumes, high cash
balances, or significant fixed income weightings may be able to receive similar services at a lower cost
outside of the Joint Advisory Program. We make no guarantees that the cost of participating in the Joint
Advisory Program will be lower than the cost that would be borne by a Client investing through a regular
investment account with Ocean Park or another advisor.

Clients should explore this subject carefully with their Joint Advisor to determine whether a wrap fee
program or a regular investment account is appropriate for their investment goals.

Additional Expenses and Fees – Joint Advisory Program
The following fees and expenses are not covered under the Advisory Fee and will separately be paid by
Clients via direct debits from their Client account, in addition to the wrap program Advisory Fees. Such
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Item 7 Types of Clients
Pursuant to our Joint Advisory Agreements and Tri-Party Advisory Agreements, and in coordination with
other Joint Advisors, we provide our services to a number of types of Clients, including: individuals and
high net worth individuals; trusts, estates and charitable organizations; corporations or other business
entities; not for profit entities; and pension and profit-sharing plans.

The minimum account size for the Joint Advisory Program is $100,000 per household, and $50,000 per
account registration, although Ocean Park reserves the right in its sole discretion to accept accounts of a
smaller size.

Pursuant to our Axos Agreement and executed Money Manager X-Change Enrollment Forms, Ocean Park
provides model allocation services to Axos and other investment advisers.

Pursuant to our Model Provider Agreements with Sponsor Firms, we provide our services to other third-
party investment advisers, broker dealers, and financial institutions through various programs, platforms,
and solutions.

Questions about investment minimums for the Ocean Park Model and Strategist Services should be
directed at Sponsor Firms.

Ocean Park also provides investment advisory services to Registered Investment Companies.