Paskin & Berler Capital Advisors LLC

Item 5. Fees and Compensation
Fees for Advisory Services
Fee Schedule—Under $15 Million:
                       1.50% on the first $500,000 of NAV plus

                       1.25% on the next $1,500,000 of NAV plus

                       1.00% on the next $2,000,000 of NAV plus

                       0.80% on the next $4,000,000 of NAV plus

                       0.60% on the next $7,000,000 of NAV

                       PB has a minimum annual fee of $15,000.

Fee Schedule—Over $15 Million:
                          0.50% on the first $15,000,000 of NAV plus
                          0.25% on the next $10,000,000 of NAV plus
                          0.15% on the next $10,000,000 of NAV plus
                          0.10% on the next $20,000,000 of NAV plus
                          0.08% thereafter

Fee Calculation: Our procedure for charging investment management fees is established in each
client’s written Investment Management Agreement. PB charges for investment management
services according to clients’ account portfolio value established at the end of each quarter. Fees
are deducted from designated client accounts after the end of each quarter. PB fees may be
invoiced, waived, discounted, and/or negotiated to non-standard rates on a client-by-client basis.
Client facts, circumstances and needs are considered in determining the fee schedule. These
include the complexity of the client, assets to be placed under management, anticipated future
assets, related accounts, portfolio style, account composition, reports, among other factors. The
specific annual fee schedule is identified in the Investment Management Agreement (IMA)
between the adviser and the client. PB reserves the right to apply an additional fee (subject to the
signing of a revised fee schedule) for accounts deemed to be excessively complex and outside
the scope of PB’s standard services. PB also reserves the right to apply a discretionary Account
Transfer Fee dependent upon the complexity of a newly onboarded account. Fees are prorated
for the first quarter a client joins the firm based on the number of days from the inception of the
account to the last day of the calendar quarter. PB may, in its discretion, waive or rebate any
management fee for any Client without entitling other Clients similar waivers or rebates.

Certain services are separately and additionally billable for all clients, including: 1) time incurred
interacting with or responding to tax accountants and estate planning attorneys; 2) time in excess
of two hours per month incurred interacting with client’s other professional advisers; or 3) time
in excess of 25 hours per year incurred by PB in any capacity relating to issues other than
investment management or incidental advice. These services are provided on account-by-
account basis at a minimum hourly rate of $200/hour.
Fees for Mutual Funds, Hedge Funds, and Separately Managed Accounts: All fees paid to PB for
investment advisory services, through investment in mutual funds, private placements, and
separately managed accounts are in addition to the fees and expenses charged by the mutual
funds, private placements, and separately managed accounts. The latter are described in the fund
prospectus and offering documents of each respective investment and will generally include a
management fee and other expenses. Because of our access to institutional funds, the fund
management fees incurred are generally considerably less than those available to a retail client.
Our policy is to offer competitive fees, but to compete on the value of our service rather than on
price. When a client entrusts assets to us, an annual fee is charged to the account on a quarterly
basis. At the discretion of PB, separate accounts of a client may be aggregated for the purpose of
fee calculation, which provides an overall reduction of total fees for the client. We believe our
fees are competitive and market-based; however, all fees are subject to negotiation. Our fees are
exclusive of brokerage commissions, transaction fees, and other related costs and expenses
charged by others and which are paid by the client. Such charges, fees and commissions are
exclusive of and in addition to our fees, and we do not receive any portion of these commissions,
fees, and costs.
Termination of Advisory Relationship: A client agreement will continue in effect until
terminated by either party by providing 30 days’ written notice to the other party. Termination of
Agreement will not affect (a) the validity of any action previously taken by Advisor under the
Agreement; (b) liabilities or obligations of the parties from transactions initiated before
termination of the Agreement; or (c) Client’s obligation to pay the investment management fee
(pro-rated through the date of termination). Client must notify Advisor 30 days in advance of
termination. If the Agreement is terminated, Client shall be responsible for payment of
investment management fee until the date of termination of the account.
For all Clients billed in advance, if the Agreement is terminated, Client shall be entitled to a
prorated refund of any unearned prepaid quarterly investment management fee based upon the
number of days remaining in the quarter after the termination date. If a 30-day notice is not
given the client will be prorated after the 30-day period.
Upon the termination of the Agreement, Advisor will have no obligation to recommend or take
any action with regard to the assets in the Account. Upon the termination of the Agreement,
Client shall instruct the Custodian whether to liquidate the Account or maintain the account as a
brokerage account with the Custodian.
Fees for Consulting Services: PB will be paid a consulting fee based on an agreed upon fee
schedule. PB fees will be calculated on the total value of securities and cash and money

market positions but may exclude the value of some securities in the portfolio. Fees will be
...

Item 7. Types of Clients
PB generally provides investment advice to individuals, trusts, pension and profit-sharing plans,
estates, charitable organizations, and corporations. PB’s minimum account size is
$10,000,000; however, PB has the discretion, if they so choose, to take on clients with
smaller account size.
Protecting Aging Clients & Clients with Diminished Capacity
In accordance with the new law S.2155, the Economic Growth, Regulatory Relief and
Consumer Protection Act which included the Senior Safe Act of 2017 (“SSA”) Rule 2165:
Financial Exploitation of Specified Adults, PB requires protocols for making reasonable
efforts to obtain the name and contact information of a “trusted contact”. PB will obtain the
name and contact information for a trusted contact person upon the opening of a client’s
account and whenever updating account information especially clients who are age 62+. PB
will implement best practice and compliance controls to protect clients, aging clients, and
clients with diminished capacity under the new law.