Amberlake Partners Sam

Item 5 – Fees and Compensation

All fees are subject to negotiation. Typically, depending on the complexity of the portfolio,
the Firm charges between 1.00% and 3.00% per annum.

Amberlake Partners will generally bill its fees on a quarterly basis. Clients elect to be billed
directly for fees and will be billed in arrears each calendar quarter. Management fees shall
be prorated for each capital contribution and withdrawal made during the applicable
calendar quarter (with the exception of de minimis contributions and withdrawals).
Accounts initiated or terminated during a calendar quarter will be charged a prorated fee.
Upon termination of any account, any prepaid, unearned fees will be promptly refunded, and
any earned, unpaid fees will be due and payable.

Amberlake Partners’ fees are exclusive of brokerage commissions, transaction fees, and
other related costs and expenses which shall be incurred by the client. Clients may incur
certain charges imposed by custodians, brokers, third party investment and other third
parties such as fees charged by managers, custodial fees, deferred sales charges, odd-lot
differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes
on brokerage accounts and securities transactions. Mutual funds and exchange traded funds
also charge internal management fees, which are disclosed in a fund’s prospectus.

Such charges, fees and commissions are exclusive of and in addition to Amberlake Partners’
fee, and Amberlake Partners may receive a portion of these commissions, fees, and costs.

Item 12 further describes the factors that Amberlake Partners considers in selecting or
recommending broker-dealers for client transactions and determining the reasonableness
of their compensation (e.g., commissions).

Item 7 – Types of Clients

Amberlake Partners is able to provide portfolio management services to high net worth
individuals, corporate pension and profit-sharing plans, Taft-Hartley plans, charitable
institutions, foundations, endowments, municipalities, registered mutual funds, private
investment funds, trust programs, sovereign funds, foreign funds such as UCITs and SICAVs,
and other U.S. and international institutions.

The minimum size requirements for opening or maintaining an account is one million
dollars.