Seal Cove Capital LLC

Item 5 – Fees and Compensation
Fees and other charges

Fees for investment management are 1.00% per annum of assets under management. Adviser may
negotiate fees based upon factors such as account size, a Client’s relationship to the Firm, work load
and complexity of assets being managed.

All asset-based fees are deducted by the qualified custodian of record on a quarterly basis in arrears,
or as otherwise indicated in the Client agreement. Client statements for prior deductions will be
provided on a quarterly basis.

All fees paid to Adviser for investment advisory services are separate and distinct from the expenses
charged by Investment Companies to their shareholders. These fees and expenses are described to
the Client in separate disclosures. These fees will generally include an Investment Company
management fee, other fund expenses, and in some situations a possible distribution fee.

Adviser will provide investment advisory services and portfolio management services but will not
provide custodial or other administrative services. At no time will the Adviser accept or maintain
custody of a Client’s funds or securities except for authorized fee deduction. The Client may contact
the Custodian directly for disbursements, or account record changes, and may also do so in writing to
the custodian. Adviser may act at the Client’s convenience to facilitate such written communications
to the Custodian, provided that such action is not construed to be custody of Client assets.

Client is responsible for all custodial and securities execution fees charged by the custodian and
executing broker-dealer. Fees paid to the Adviser are separate and distinct from the custodian and
execution fees.

Clients may request to terminate their advisory contract with the Adviser, in whole or in part, by
providing advance written notice. Client’s advisory agreement with the Advisor is non-transferable
without Client’s written approval.

Fee Deduction Disclosure

Where Adviser deducts its management fee from Client accounts utilizing a qualified custodian, the
Adviser is required to meet the following requirements.

a. Possess written authorization from the Client to deduct advisory fees from an account held by a
qualified custodian;

b. The firm must send the qualified custodian an account list detailing the fee amount to be deducted
from the Client account;

c. The Firm must have a reasonable basis, after due inquiry, for believing that the qualified custodian
sends an account statement, at least quarterly, to each of its Clients for which it maintains funds or
securities, identifying the amount of funds and each type of security in the account at the end of the
period and setting forth all transactions in the account during that period.

Right of Cancellation

In addition to the right to terminate an agreement pursuant to its terms, a Client may cancel an
agreement with Adviser within five (5) business days of first receiving a copy of this disclosure brochure
and supplement without penalty or fee.

Additional Fees and Expenses

Custodians may charge transaction fees on purchases or sales of securities. These transaction charges
are usually small and incidental to the purchase or sale of a security. The selection of the security is
more important than the nominal fee that the custodian charges to buy or sell the security. The fees
that you pay to our firm for investment advisory services are separate and distinct from the fees and
expenses charged by mutual funds or exchange traded funds (described in each fund's prospectus) to
their shareholders. These fees will generally include a management fee and other fund expenses. You
may also incur transaction charges and/or brokerage fees when purchasing or selling securities. These
charges and fees are typically imposed by the broker-dealer or custodian through whom your account
transactions are executed. We do not share in any portion of the brokerage fees/transaction charges
imposed by the broker-dealer or custodian. To fully understand the total cost you will incur, you should
review all the fees charged by mutual funds, exchange traded funds, our firm, and others. For
information on our brokerage practices, refer to the Brokerage Practices section of this brochure.

Termination and Refunds

Adviser's investment management fees are payable quarterly in arrears, based on the balance on the
last day of the previous quarter. Upon termination, any fees paid in advance will be prorated to the
date of termination and any excess will be refunded to Client by check issued to the customer as soon
as practicable.

Item 7 – Types of Clients
SCC provides investment advice to many different types of Clients. These Clients generally include:
individuals, high-net worth individuals or families, trusts, estates and charitable organizations.

Minimum Account Size

SCC requires a $1,000,000 account minimum. Account minimums may be reduced or waived at the
Adviser’s discretion.