U S Boston Capital Corporation

Item 5: Fees and Compensation
Standard Fee Schedule
U.S. Boston is compensated for its advisory services through payments of fees by our clients as
described below. Notwithstanding this fee schedule, and subject to applicable laws and regulations, U.S.
Boston can, at its sole discretion, negotiate or modify its fees for various reasons, such as the size of the
client relationship, service requirements, or other factors. U.S. Boston can agree to offer clients a fee
schedule that is lower than that of any other comparable clients in the same investment style. There
can be historical fee schedules with longstanding clients that differ from those applicable to new client
relationships. For comparable services, other investment advisers charge higher or lower fees than
those charged by U.S. Boston. U.S. Boston reserves the right to waive all or a portion of its management
fee and negotiate minimum annual fees. The fee schedule for each client is stated in the client’s
investment advisory agreement.

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The standard fee schedule for clients with assets under management at U.S. Boston is:

Asset Management
 Assets Under Management         Annual Fee
 First $1M or portion thereof    0.75%
 Next $1M or portion thereof     0.60%
 Next $3M or portion thereof     0.55%
 Next $5M or portion thereof     0.45%
 Next $15M or portion            0.40%
 thereof
 Next $25M or portion            0.25%
 thereof
 Over $50M                       0.10%

Portfolio Monitoring
 Portfolio Monitoring                  0.05% of assets

Retirement Plan Advisory Services
 Assets Under Management         Annual Fee
 First $1M or portion thereof    0.75%
 Next $1M or portion thereof     0.60%
 Next $3M or portion thereof     0.55%
 Next $5M or portion thereof     0.45%
 Next $15M or portion            0.40%
 thereof
 Next $25M or portion            0.25%
 thereof
 Over $50M                       0.10%

Fees for advisory services are generally billed separately at the end of each calendar quarter, in arrears,
and are based on the average daily balance of the account. If an account is terminated mid-quarter, the
fees will be prorated to the date of termination. Upon account termination, if any unearned fees were
paid in advance, they will be refunded promptly. Fees are also prorated at the inception of the
investment advisory agreement to cover only the period of time the account assets were under
management. Generally, the investment management agreement grants U.S. Boston authority to
instruct the account’s custodian to pay the fees directly to U.S. Boston from the client’s account. In
other instances, U.S. Boston invoices the client directly, and the client is responsible for remitting the
payment.

Fees are computed as a percentage of the value of the assets under the Firm’s management. To
calculate advisory fees, U.S. Boston generally relies on prices provided by custodians, third-party pricing

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services, and/or broker/dealers or platform sponsors for purposes of valuing portfolio securities held in
client accounts. U.S. Boston may, on occasion, be required to “fair value price” a security when a
market price for that security is not readily available or when U.S. Boston has reason to believe that the
market price is unreliable. When “fair value pricing” a security, U.S. Boston will use various sources of
information to determine the price that the security would obtain in the marketplace if, in fact, a market
for the security existed. For any fair valued securities, U.S. Boston maintains policies and procedures
relating to the pricing process in an effort to mitigate any conflicts of interest with respect to valuation.

The Adviser can, in its sole discretion, exclude certain assets or positions when calculating advisory fees,
but has no obligation to do so. In addition, the Adviser can, in its sole discretion, exclude certain
positions from the Adviser’s investment management services held within the Account (“Non-Managed
Assets”). Non-Managed Assets are included in the Account as a courtesy to the client. Non-Managed
Assets can be included in calculating the Management Fee at a lower rate.

In addition to our investment advisory fee, clients also incur the following charges by the Custodian:

    •   Mutual fund expenses
    •   Custodial/brokerage fees (transaction costs or asset-based pricing fees)
    •   Account maintenance fees
    •   Asset movement fees (e.g., wiring fees)
    •   Mutual fund operating fees and expenses
    •   Markups and markdowns, bid-ask spreads, selling concessions, or other transactions where
        custodian act’s as principal
    •   Custody fees for non-publicly traded securities
    •   Margin interest
    •   Miscellaneous fees and charges, such as transfer taxes, reorganization fees, or other fees
        required by law
    •   IRA Custodian Fees

The above charges set forth are exemplary and not exclusive, and some charges listed can be waived;
this, however, is negotiated and not guaranteed by the Custodian.

We do not receive any compensation for the sale of securities, mutual funds, or other investment
products.

The above examples are separate and distinct from the expenses charged by mutual funds and ETFs 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.

Either party can terminate the investment management agreement, at any time, by providing advance
written notice to the other party. The client can also terminate the investment management agreement
within five (5) business days of signing the Adviser’s agreement at no cost to the client. After the five-
day period, the client will incur charges for bona fide advisory services rendered to the point of
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Item 7: Types of Clients U.S. Boston Serves
U.S. Boston provides service to the following types of clients:
    •   Individuals (including high net worth individuals)
    •   Trusts
    •   Estates
    •   Charitable Organizations
    •   Pension and Profit-Sharing Plans and their participants
    •   Partnerships
    •   Corporations

Account Minimums
U.S. Boston does not have a minimum investment requirement for its advisory services.