Smartadvisor LLC

Item 5 – Fees and Compensation
Basic fee schedule

The specific manner in which fees are charged is established in each client’s written agreement
with BUNKER (the “Advisory Agreement”). Generally and pursuant to the contract, fees for the
services provided will be based upon a percentage of the total assets under management in the
account (including cash and securities) (“BUNKER’s Fee”). BUNKER’s Fee includes advisory
services, and all Brokers’ trading commissions and custody costs. If the Adviser recommends
securities that would incur Broker ’s commission or trading costs, BUNKER’s Fee will cover
such charges as part of services provided to clients. BUNKER’s Fee for customers will vary
depending on account size. For accounts below $8,000 there is a unique $10 monthly fee ($120

                                                                                          PAGE | 5

annually) and for accounts $8,000 and above fees range between 0.50% and 1.50% annually as
shown in the chart below.

                                    *$500 minimum balance required
   BUNKER’s fees are billed and deducted monthly in arrears based on a percentage of AUM or minimum
                              monthly fee of $10 for accounts below $8,000

BUNKER applies an annual fee of 0.5% on the balance that clients maintain in the Sweep
Program. This fee does not apply to the percentage within each investment portfolio allocated to
cash which is subject to the pricing described above. Specifically, the amounts that are held
under the Sweep Program do not pay an additional fee, but a minimum fee of 0.5%, as opposed
to the amounts invested in the portfolio which may be charged a higher percentage depending
on the AUM tier corresponding to each customer.

Calculation and Deduction of Advisory Fees

With respect to accounts that BUNKER manages on a discretionary basis, clients are generally
required to provide authorization to directly debit management fees from client accounts via the
Advisory Agreement and the Brokers’ Customer          Agreements (collectively referred to as the
“Agreements”). The management/advisory fee, is typically deducted or billed, as applicable, on
a monthly basis in arrears by BUNKER . The fee is calculated by BUNKER and is based on
the final day of the month balance of each client account as informed by the Brokers . Fees
may be waived, reduced, or negotiated at BUNKER’s discretion.

A client may pay more or less fees than similar clients depending on the particular circumstances
of the client, size, additional or differing levels of servicing or as otherwise agreed with specific
clients. Clients that negotiate fees may end up paying a higher fee than that set forth above as
a result of fluctuations in the client’s assets under management and account performance.

                                                                                         PAGE | 6

Neither APEX nor IBKR as custodians will charge you any fee in connection to advisory
services provided to you other than the specified fee agreed upon in the Advisory Agreement,
unless you request services beyond those that are covered, which include without limitation the
in-kind withdrawal of ETF Shares from a BUNKER Account, the transfer of ETF Shares from your
Broker’s      Account managed by BUNKER to a brokerage account other than the Broker’s
Account managed by BUNKER or other delivery of ETF Shares out of your Broker’s Account
managed by BUNKER.

The ETFs that comprise the BUNKER advisory portfolios charge their own fees and/or expenses.
The deduction of the fees and expenses of the ETFs from the ETFs’ average net assets, as well
as the ETFs’ brokerage fees and other costs and charges, are reflected in the price of the ETF
Shares and are not separately deducted from the customer’s account. The fees and expenses
charged by the ETFs are separate and distinct from the fee referenced in this section. By
participation in BUNKER’s advisory services, all clients acknowledge that they have access to
information concerning the fees charged and costs incurred under each ETF as outlined in
applicable prospectus which will be available to all clients invested in such products. Please
note, if you request the delivery of paper documents (i.e. account statements) that BUNKER or
the broker/custodian normally provide in electronic format, additional fees may be assessed by
BUNKER or the broker/custodian. For your information, any miscellaneous fees will be available
on BUNKER’s platform. .

Termination of the Agreement

Although the Advisory Agreement between BUNKER and its Clients is ongoing and constant
adjustments are required, the length of service to the client is at the client’s discretion. The
Advisory Agreement may be terminated by either party with or without cause upon receipt of five
(5) days written notice. The client has the right to terminate the Advisory Agreement without
penalty within five business days after entering into the Advisory Agreement.

Client, BUNKER or Brokers          may at any time elect to close the account and terminate
Agreements with all entities via email at hello@bunkerinvest.us or via signed letter to BUNKER’s
main office address. Upon receipt of any requests to close a customer account, BUNKER will:

   ●   Instruct Broker to settle any pending purchases or sales.
   ●   Instruct Broker to initiate liquidating sales authorizing the broker/custodian to sell all
       ETF Shares in the account and to send the account balance, minus any portion of
       BUNKER’s Fee or other fees due, to the Client’s designated account.
   ●   Deduct any unpaid and prorated portion of BUNKER’s Fee owed for the day BUNKER
       received the cancellation notice and days prior and any other fees owed for irregular
       services, including but not limited to paper delivery of documents, transfer of ETF
       Shares, or physical delivery of ETF Shares.
...

Item 7 – Types of Clients

BUNKER offers services to foreign (non-US resident) individuals with the option of opening joint
tenancy accounts with rights of survivorship. In general, BUNKER requires a minimum investment
amount of $500 to open an account. BUNKER reserves the right to waive account minimums on
a case-by-case basis and at its sole discretion. BUNKER also reserves the right to terminate any
account and all advisory services provided to such, in case there are no available funds to charge
the minimum fees based on assets under management.