Palisades Investment Partners LLC

Item 5 – Fees and Compensation

A.     Fee Schedule
ASSET MANAGEMENT
PIP offers asset management services to advisory Clients. PIP charges an annual investment
advisory fee based on the total assets under management as follows:

              Assets Under Management                        Maximum Annual Fee

                       All Assets                                     0.80%

Please note that depending on Client complexity and demand, fee schedules may vary from Client
to Client, however, at no point with the fee exceed the above stated maximum. Fees are billed
quarterly in arrears. Lastly, PIP may group certain related Client accounts, often known as
“householding”, for the purposes of achieving the minimum account size and determining the
annualized fee.

SUB-ADVISORY SERVICES FEES
Fees will be charged on the total assets under management that the third party investment advisor
brings to PIP. PIP is compensated directly by the third party investment advisor with a portion of
their investment management fee, as per the duly executed Sub-Advisory services agreement.

B.     Payment of Fees
Asset Management Fees are invoiced directly to the Client.

Sub-Advisor fees may be withdrawn from Client accounts or Clients may be invoiced for such fees,
as disclosed in each contract between PIP and the applicable third party investment adviser.

PIP, in its sole discretion, may charge a lesser investment advisory fee based upon certain criteria
(e.g., historical relationship, type of assets, anticipated future earning capacity, anticipated future
additional assets, dollar amounts of assets to be managed, related accounts, account composition,
negotiations with Clients, etc.).

Clients may terminate their engagement with PIP within five (5) business days of signing an
Agreement with no obligation and without penalty. After the initial five (5) business days, the
Agreement may be terminated by PIP with thirty (30) days written notice to Client and by the Client
at any time with written notice to PIP. For accounts opened or closed mid-billing period, fees will
be prorated based on the days services are provided during the given period. All unpaid earned fees
will be due to PIP. Any increase in fees will be acknowledged in writing by both parties before any
increase in said fees occurs.

C.      Additional Fees
Custodians may charge brokerage commissions, transaction fees, and other related costs on the
purchases or sales of mutual funds, equities, bonds, options, margin interest, and exchange-traded
funds. Mutual funds, money market funds, and exchange-traded funds may also charge internal
management fees, which are disclosed in the fund’s prospectus. PIP does not directly receive any
compensation from these fees. All of these fees are in addition to the management fee you pay to
PIP. For more details on the brokerage practices, see Item 12 of this brochure.

D.     Prepayment of Fees
PIP does not expect Clients to prepay fees.

E.     External Compensation for the Sale of Securities
PIP does not receive any external compensation from the sale of securities.

Item 7 – Types of Clients & Account Minimums

PIP’s Clients are generally individuals, small businesses, trusts, estates, high net-worth individuals,
and charities. Client relationships vary in scope and length of service.

PIP requires a minimum account size of $5,000,000 to enter into an Advisory Agreement. However,
PIP retains the discretion to lower or waive said minimum.