All Terrain Financial Advisors LLC

Item 5: Fees and Compensation
ATFA offers services on a fee basis, which includes percentage fees based on assets under
management or advisement (percentage), ongoing fixed fees, or per occurrence fixed planning
fees, or Sub-Advisory fees. Fees are negotiable and are not based on a share of capital gains
or capital appreciation of assets. The fees listed below are maximum annual fees, actual fees

are based on several factors including complexity of investment management strategy, type
of services, number of services, sophistication of the client, and amount of assets being
managed by ATFA.

Assets Under Management/ Advisement Fee (“Percentage Fee”)

Typically, clients will pay ATFA a Percentage Fee based on asset values in advance. Fees
are negotiable. The maximum fee is based on an aggregate of assets in client’s accounts,
which generally includes all accounts belonging to individuals in the same household. Clients
can request the fee for all accounts to be aggregated to one or more accounts upon request,
in which case the fee will be calculated on the asset value of each account and then deducted
from the specified account(s). Clients’ entire value of all accounts under ATFA’s advisement
will be billed at the negotiated rate under this arrangement, including cash, cash equivalent
balances, and/or legacy positions, unless the client specifically requests billing restrictions in
writing. However, ATFA can, in its sole discretion, determine if it wants to enter an advisory
relationship with client-imposed billing restrictions. Generally, ATFA imposes a minimum
portfolio size of $100,000 to establish an investment management relationship, ATFA, in its
sole discretion, accepts clients with smaller portfolios based on certain criteria, including,
among other things, anticipated future earning capacity, anticipated future additional assets,
dollar amount of assets to be managed, related accounts, account composition, account
retention, net worth, and pro bono activities.

   Fee Type         Maximum Fee                                 Payable
                                        Fees are due and payable on a calendar quarter basis
                                        calculated as (fee% * account value / 4=quarterly fee).
  Percentage         1.50% Annual       Fees are generally deducted directly from client
                                        accounts. Partial periods are pro-rated.

Ongoing Fixed Fee

For clients who wish to participate in multiple services, who have complex advisory needs, or
who wish to engage with ATFA for asset monitoring and/ or ongoing consultation services,
clients can be charged an Ongoing Fixed Fee. The typical client fee for this service, which is
charged in advance, is between $5,000.00 and $10,000.00 annually, however there is no
maximum fee, except that clients will not be charged more than the equivalent of 1.50% of
aggregate household assets held with ATFA on an annual basis. The fee is determined for
each client based on the following factors: value of assets under consultation and/or
advisement, complexity of the client's situation, frequency of interaction, services to be
rendered (e.g., strictly consultative, consultation and implementation, research, etc.), and
complexity of the assets in the account (e.g., option holdings versus individual equity and bond
holdings). Clients will be provided a quote prior to execution of the advisory agreement. Fees
are negotiable.

 Fee Type              Maximum Fee                                  Payable
                                            Fees are due and payable in four equal
  Ongoing       No Maximum- will not exceed
                                            calendar quarterly installments. Fees are
 Fixed Fee       1.50% of assets annually.
                                            generally deducted directly from client
  (annual)             (see above)
                                            accounts. Partial periods are pro-rated.

Financial Planning and Investment Evaluation/ Set-Up Fees

ATFA offers financial planning services as part of its ongoing relationship with clients who
are being charged Percentage Fees or Ongoing Fixed Fees. However, occasionally, we
enter into a la carte agreement to provide financial planning for clients who do not engage in
other services, or who have a one-time complex situation or case to analyze. Clients are
advised that fees for financial planning services are strictly for these services. Financial
planning services are defined in scope and time. Therefore, clients will typically pay
additional fees for additional services such as asset management, ongoing advisory
services, or products purchased, such as securities or insurance. Clients will also pay
additional fees if subsequent a la carte financial planning services are needed that are
outside of the scope of the ongoing relationship covered by Percentage Fees or Ongoing
Fixed Fees.

Additionally, clients who meet the definition of an accredited investor and desire additional
diversification and investment opportunities can engage ATFA to find and evaluate limited
partnership, private placements, REITS, pooled, or other non-standard investment
opportunities. ATFA generally recommends a minimum investment consideration of
$250,000 for any opportunity we are engaged to evaluate. ATFA charges a one-time fee
planning fee for evaluation and set-up services that typically will range from $4,000 to
$10,000 per investment opportunity evaluated. Such investments are highly risky, generally
illiquid, and often have no secondary market in which to liquidate the investment. Investors
must be sophisticated and understand the risk of investing including the complete loss of
principal. Fees are due to ATFA at the time of engagement.

Fees for planning and evaluation/set-up are negotiable. Fees for this service will be
...

Item 7: Types of Clients
ATFA provides investment advisory, planning, asset management, and consulting services to
individuals, pension, and profit-sharing plans (excluding plan participants), trusts, estates,
foundations, endowments, retirement plans, other Investment Advisors (IA), and business
entities. Generally, ATFA imposes a minimum portfolio size of $100,000 to establish an
investment management relationship, ATFA typically combines family household accounts to
calculate the portfolio size. Additionally, ATFA, in its sole discretion, accepts clients with smaller
portfolios based on certain criteria, including, among other things, anticipated future earning
capacity, anticipated future additional assets, dollar amount of assets to be managed, related
accounts, account composition, account retention, net worth, and pro bono activities.

Some of ATFA’s strategies or services are unavailable to clients with less than $250,000 in
aggregate assets or to clients with single financial accounts less than $100,000, due to position
sizing, expense, and risk factors. Additionally, smaller accounts will likely experience a higher
degree of risk in some strategies. Clients are advised that performance will likely suffer due to
difficulties with diversifying smaller accounts and due to risk controls potentially being

compromised. Performance of smaller accounts will vary from the performance of accounts with
more dollars invested due to ticket charges, position sizing, uncovered positions in option
strategies, market volatility, and the effects of compounding. Financial accounts under $50,000
will likely find most management services to be costly.