Panoramika Advisors Inc

ITEM 5 – FEES AND COMPENSATION

custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and
electronic funds fees, and other fees and taxes on brokerage accounts and securities
transactions. Mutual funds and exchange traded funds also charge internal management fees,
which are disclosed in a fund’s prospectus. It is the Adviser’s policy not to accept “kick-backs”
or retrocession fees from any non-affiliated (third) party providing services to the Adviser’s
clients.

Termination of the Agreement

Although an Agreement between PAI and its clients are ongoing agreement and constant
adjustments are required, the length of service to the client is at the client’s discretion. The client
or the investment manager may terminate an Agreement by written notice to the other party
with a (30) thirty – day advance notice or as agreed upon otherwise between the client and the
Adviser.

If an agreement is terminated during a period in which the client has already paid PAI its
advisory fees in advance, then the Adviser will reimburse, on a pro-rated basis, the remaining
advisory fees collected for any service not rendered; these fees will be sent to the client’s
address of record, unless otherwise directed by the client, within (30) days of termination of the
agreement.

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Item 7 – Types of Clients
PAI provides asset and/or portfolio management services to high net worth individuals,
corporations, institutions, or other entities. The minimum dollar value for establishing an Account
is generally $1MM or a minimum annual fee of $15,000. Lesser amounts of investments may be
negotiated at Adviser’s discretion.

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