TT Capital Management LLC

Item 5 Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for investment
management. Each Client shall sign an Investment Advisory Agreement that details the responsibilities
of T&T and the Client. In limited circumstances and in our sole discretion, we may negotiate
our advisory fee depending on individual client circumstances.

A.     Fees for Advisory Services

Account Portfolio Management
Investment Advisory Fees are paid quarterly in advance pursuant to the terms of the Investment
Advisory Agreement. Investment Advisory Fees are based on the market value of assets under
management at the end of each quarter. Investment Advisory Fees range from 1.50%-2.00% based on
the following schedule. Lower fees for comparable services may be available from other sources.

Assets Under Management       Annual Rate
$10,000 to $500,000           2.00%
$500,001 to $1,000,000        1.75%
Over $1,000,000               1.50%

Investment Advisory Fees in the first quarter of service are prorated to the inception date of the
account to the end of the first quarter. Fees may be negotiable at the discretion of the Advisor. The
Client's fees will take into consideration the aggregate assets under management with Advisor. All
securities held in accounts managed by T&T will be independently valued by the designated
Custodian. T&T will not have the authority or responsibility to value portfolio securities.

In certain circumstances, advisory fees and account minimums may be negotiable based upon prior
relationships as well as related account holdings. The fees charged are calculated as described above
and are not charged on the basis of a share of capital gains or capital appreciation of the funds or any
portion of the funds of an advisory client.

The Client may be able to attain similar services for a lower fee from other service providers.

B.    Fee Billing

Account Portfolio Management
We will deduct our fee directly from your account through the qualified custodian holding your funds
and securities. We will deduct our advisory fee only when you have given our firm written authorization
permitting the fees to be paid directly from your account. Further, the qualified custodian will deliver an
account statement to you at least quarterly. These account statements will show all disbursements
from your account. You should review all statements for accuracy.

C.     Other Fees and Expenses

Clients may incur certain fees or charges imposed by third parties, other than T&T, in connection with
investments made on behalf of the Client's account[s]. The Client is responsible for all custodial and
securities execution fees charged by the custodian and executing broker-dealer. The Investment
Advisory Fee charged by T&T is separate and distinct from these custodian and execution fees.

In addition, all fees paid to T&T for investment advisory services are separate and distinct from the
expenses charged by mutual funds and exchange-traded funds to their shareholders, if applicable.
These fees and expenses are described in each fund's prospectus. These fees and expenses will
generally be used to pay management fees for the funds, other fund expenses, account administration
(e.g., custody, brokerage and account reporting), and a possible distribution fee. A Client could invest
in these products directly, without the services of T&T, but would not receive the services provided by
T&T which are designed, among other things, to assist the Client in determining which products or
services are most appropriate to each Client's financial situation and objectives. Accordingly, the Client
should review both the fees charged by the fund[s] and the fees charged by T&T to fully understand
the total fees to be paid. For information on our brokerage practices, please refer to Item 12
- Brokerage Practices of this firm brochure.

D.     Advance Payment of Fees and Termination

Account Portfolio Management
T&T is compensated for its services in advance of the quarter in which investment advisory services
are rendered. Clients may request to terminate their Investment Advisory Agreement with T&T, in
whole or in part, by providing advance written notice. The Client shall be responsible for Investment
Advisory Fees up to and including the effective date of termination. Upon termination, the Advisor will
refund any unearned, prepaid Investment Advisory Fees from the effective date of termination to the
end of the quarter. The Client's Investment Advisory Agreement with the Advisor is non-transferable
without Client's written approval.

E.     Compensation for Sales of Securities or Other Investment Products

Persons providing investment advice on behalf of our firm are licensed as independent insurance
agents. These persons will earn commission-based compensation for selling insurance products,
including insurance products they sell to you. Insurance commissions earned by these persons are
separate and in addition to our advisory fees. This practice presents a conflict of interest because
persons providing investment advice on behalf of our firm who are insurance agents have an incentive
to recommend insurance products to you for the purpose of generating commissions rather than solely
based on your needs. You are under no obligation, contractually or otherwise, to purchase insurance
products through any person affiliated with our firm.

F. Fees for Sub-Advisory Services

Fees and payment arrangements for sub-advisory services are negotiable and will vary on a case-by-
case basis. Specific fees and payment arrangements will be specified in a sub-advisory agreement
signed between T&T and the Primary Investment Adviser.

Item 7 Types of Clients
T&T provides investment advisory services to the following types of Clients:

     • Individuals, high net worth individuals and corporations.

The relative percentage each type of Client is available on T&T's Form ADV Part 1. These percentages
will change over time. T&T generally does not impose a minimum account size for establishing a
relationship.

Separate account management generally requires a minimum of $10,000 assets under management;
however, under certain circumstances this may be negotiable.

We also provide sub-advisory services to unaffiliated, independent registered investment advisers.