Sapient Capital LLC

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into a written
agreement with the Advisor.

A. Fees for Advisory Services
Wealth Management Services
Wealth management fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the wealth
management agreement. Wealth management fees are based on the market value of assets under management at the
end of the prior calendar quarter. Wealth management fees may typically range up to 1.50% annually based on several
factors, including: the scope and complexity of the services to be provided; the level of assets to be managed; and the
overall relationship with the Advisor. Relationships with multiple objectives, specific reporting requirements, portfolio
restrictions and other complexities may be charged a higher fee. In certain circumstances, The Advisor may offer a
fixed fee within the fee range disclosed above.

The wealth management fee in the first quarter of service is prorated from the inception date of the account(s) to the
end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into
consideration the aggregate assets under management with the Advisor. The Advisor requires a minimum annual fee
of $10,000, which may be reduced at the Advisor’s sole discretion. All securities held in accounts managed by Sapient
Capital will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the Custodian’s
valuation to ensure accurate billing.

                                                     Sapient Capital, LLC
                                    401 Pennsylvania Pkwy, Suite 100, Indianapolis, IN 46280
                                         Phone: (317) 719-0157 | Fax: (463) 219-9460
                                                  https://SapientCapital.com

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and other
related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the Advisor
shall not receive any portion of these commissions, fees, and costs.

Use of Independent Managers – As noted in Item 4, the Advisor may implement a portion of a Client’s investment
portfolio utilizing one or more Independent Managers. To eliminate any conflict of interest, the Advisor does not earn
any compensation from an Independent Manager. The Advisor will only earn its wealth management fee as described
above. Independent Managers typically do not offer any fee discounts but may have a breakpoint schedule which will
reduce the fee with an increased level of assets placed under management with an Independent Manager. The terms
of such fee arrangements are included in the Independent Manager’s disclosure brochure and applicable contract(s)
with the Independent Manager. The total fee, including the Advisor’s fee and the Independent Manager’s fee,
generally will not exceed 2.00% annually.

Contributions and Withdrawals – Clients may make additions to and withdrawals from their account(s) at any time,
subject to Sapient Capital’s right to terminate an account. Additions may be in cash or securities provided that Sapient
Capital reserves the right to liquidate any transferred securities or decline to accept particular securities into a Client’s
account(s). Clients may withdraw account assets with prior written notice to Sapient. Capital, subject to the usual and
customary securities settlement procedures. However, Sapient Capital designs its portfolios as long-term
investments, and the withdrawal of assets may impair the achievement of a Client’s investment objectives. Sapient
Capital may consult with its Clients about the options and ramifications of transferring securities. However, Clients
are advised that when transferred securities are liquidated, they may be subject to transaction fees, fees assessed
at the mutual fund level (i.e. contingent deferred sales charge) and/or tax ramifications. The Advisor will adjust its
fees for contributions or withdrawals during the quarter of $100,000 or more. Such adjustments may be made be
made during the quarter or with the next billing period.

Financial Planning Services
Sapient Capital offers stand-alone financial planning services for a fixed fee. Fixed fees range up to $20,000. Fees may
be negotiable based on the nature and complexity of the services to be provided and the overall relationship with the
Advisor.

Family Office Services
Sapient Capital typically offers family office services for an annual fixed fee. The fee for family office services is
negotiated based on the nature and complexity of the services to be provided and the overall relationship between the
Client and the Advisor. The family office services fee will be outlined in the family office agreement executed by the
Client.

Private Fund Services
Private fund service fees are generally payable quarterly in advance and will equal up to 1.00% of aggregate
committed capital of the limited partners in the Private Fund. For more detailed information on the fees, please
refer to the respective Private Fund’s Offering Documents.

Sub-Advisory Services
As compensation for its sub-advisory services, the Advisor, serving as the sub-advisor and sponsor of the Registered
Fund, receives a sub-advisory fee of 0.40%. If the amount of the Registered Fund’s management fee of 0.80%
exceeds the Registered Fund’s operating expenses and the Fund Advisor’s retained amount, the Fund Advisor pays
the net total to the Advisor. This amount includes the Advisor’s sub-advisory fee of 0.40% and any remaining profits
from the Advisory Fee. For more detailed information on advisory fees, please refer to the Registered Fund’s
...

Item 7 – Types of Clients

Sapient Capital offers wealth management services to individuals, high net worth individuals, families, trusts, estates,
businesses, foundations and endowments. Additionally, Sapient Capital also offers investment sub-advisory and/or
other services to pooled investment vehicles. Sapient Capital generally does not impose a minimum relationship size.
However, the Advisor requires a minimum annual fee of $10,000, which may be reduced at the Advisor’s sole discretion.