Common use of Adviser Compensation Clause in Contracts

Adviser Compensation. The total annual advisory fee for this service shall not exceed 1.00%. Fees to be assessed will be outlined in Schedule A of this Agreement. Annualized fees are billed on a pro-rata basis quarterly in arrears based on the value of the account(s) on the last day of the quarter. Fees are negotiable and will be deducted from Client account(s). Private Client does not offer direct invoicing. As part of this process, Clients understand the following: (a) Client provides authorization permitting Private Client to be directly paid by these terms.; and (b) Client’s independent custodian sends statements, at least quarterly, showing the market values for each security included in the Assets and all account disbursements, including the amount of the advisory fees paid to Private Client; and (c) Private Client sends quarterly statements to Client showing the fee amount, the value of the assets upon which the fee is based, and the specific manner in which the fee is calculated as well as disclosing that it is the Client’s responsibility to verify the accuracy of fee calculation, and that the custodian does not determine its accuracy. Private Client shall never have custody except for authorized fee withdrawal of any Client funds or securities, as the services of a qualified and independent custodian will be used. Private Client generally invests Client’s cash balances in money market funds, FDIC Insured Certificates of Deposit, high-grade commercial paper and/or government backed debt instruments. Ultimately, Private Client will try to achieve the highest return on Client cash balances through relatively low-risk and conservative investments. In most cases, at least a partial cash balance will be maintained in a money market account so that Private Client may debit advisory fees for services rendered. The fees charged are calculated as described above and are not charged on the basis of a share of capital gains upon, or capital appreciation of, the funds, or any portion of the funds of an advisory Client (15 U.S.C. §80b- 5(a)(1)).

Adviser Compensation. The total annual advisory fee for this service shall not exceed 1.000.75%. A portion of this fee will be paid to Folio Investments (0.25%). This fee covers all online statements, confirmations, 1099’s, performance reporting, and commissions when trades are executed through the twice daily trading windows. Folio does impose additional fees for paper reporting, direct trades made outside the trading windows, wire transfers and bank checks. Fees to be assessed will be outlined in Schedule A of this Agreement. Annualized fees are billed on a pro-rata basis quarterly monthly in arrears based on the value of the account(s) on the last day of the quartermonth. Fees are negotiable and will be deducted from Client account(s). Private Client does not offer direct invoicing. As part of this process, Clients understand the following: (a) Client provides authorization permitting Private Client to be directly paid by these terms.; and (b) Client’s independent custodian sends statements, at least quarterly, showing the market values for each security included in the Assets and all account disbursements, including the amount of the advisory fees paid to Private Client; and (c) Private Client Folio Investments sends quarterly monthly statements to Client showing the fee amount, the value of the assets upon which the fee is based, and the specific manner in which the fee is calculated as well as disclosing that it is the Client’s responsibility to verify the accuracy of fee calculation, and that the custodian does not determine its accuracy. Private Client shall never have custody except for authorized fee withdrawal of any Client funds or securities, as the services of a qualified and independent custodian will be used. Private Client generally invests Client’s cash balances in money market funds, FDIC Insured Certificates of Deposit, high-grade commercial paper and/or government backed debt instruments. Ultimately, Private Client will try to achieve the highest return on Client cash balances through relatively low-risk and conservative investments. In most cases, at least a partial cash balance will be maintained in a money market account so that Private Client may debit advisory fees for services rendered. The fees charged are calculated as described above and are not charged on the basis of a share of capital gains upon, or capital appreciation of, the funds, or any portion of the funds of an advisory Client (15 U.S.C. §80b- 5(a)(1)).