AUA Capital Management LLC

Fees and Compensation - Item 5

We charge our clients on a quarterly basis for our services. AUA Capital is compensated by fees paid by
clients. Fees charged are either a percentage of the market value of the client assets under management
by AUA Capital or a fixed fee. The percentage used to calculate the fee will be equal to or less than one
percent (1%) for all accounts except some investment partnership accounts. In the case of investment
partnerships the fee could be as high as two percent (2%) if the partnership activity is particularly
research, trading, or labor intensive.

The annual fees and minimum initial account value set out above may be subject to negotiation. The fee
may differ based upon a number of factors, including, but not limited to, the size of the account and the
length of our relationship with the account owner(s). AUA Capital generally requires a minimum
investment of $1,000,000 to open and maintain an advisory account. In certain instances we may accept
an engagement as adviser for an account with an opening value less than $1,000,000 and may charge a
higher fee. In addition to paying the fees described above, clients will pay fees to third-party investment
managers that are engaged by us on the client’s behalf.

In certain circumstances AUA Capital may provide consulting services to clients outside the scope of our
typical investment management engagement. In these cases an additional fee may be charged to the
client. This fee will determined on a case by case basis and will be evidenced in a separate written
agreement with the client.

AUA Capital will either invoice the Client directly for payment of fees or fees will be deducted directly
from the Client’s account through the qualified custodian holding the Client’s funds and securities. We
will deduct our advisory fee only when Clients have given our firm written authorization permitting the
fees to be paid directly from their account. Further, the qualified custodian will deliver an account
statement to the Client at least quarterly. These account statements will show all disbursements from
the account.

The fee payment will be billed quarterly, in arrears and shall be based on the fair market value of the
assets under management on the last calendar day of the just completed quarter. For any partial
periods, the fee will be pro-rated accordingly. The fee shall become due on the fifth Business Day of the
first month of the then current calendar quarter. The fee from any client shall begin to accrue on the
first Business Day (as described below) after the settlement dates for the initial investment in the

AUA Capital Management, LLC
Form ADV Part 2A

program. For the purposes of the timing of payment for our fees, a Business Day shall mean any day that
the New York Stock Exchange is open for business.

The agreement which is entered into between a client and our firm may be terminated at any time by
written notice of either party, including termination in respect to a portion of the assets then included in
the portfolio by written notice of the client.

In addition to AUA Capital’s management fees and the fees of third-party investment managers, clients
pay commissions or transaction fees to their broker or custodian, along with exchange fees. Certain
accounts, such as trust accounts that require a corporate trustee, incur a custody fee, while standard
brokerage account are typically free from custody fees. Mutual funds often charge multiple fees,
including management fees and general expenses of the fund. This fee is charged in addition to the AUA
Capital fee for services.

Family Office Service Fees
Prior to engaging AUA Capital to provide family office services, the client will generally be required to
enter into a written agreement with our firm. The agreement will describe the scope of the services to
be provided and the exact fees payable by the client. Generally, fees are payable quarterly in arrears and
are directly invoiced to the client. Either party may terminate the agreement by written notice to the
other.

Additional Fees and Expenses
AUA Capital and its supervised persons do not accept compensation for the sale of securities. The fees
AUA Capital charges may be negotiable based on the amount of assets under management, complexity
of Client goals and objectives, and level of services rendered. As described above, the fees are charged
as described and are not based on a share of capital gains of the funds of an advisory Client.

All fees paid to AUA Capital for investment advisory services are separate and distinct from the fees and
expenses charged by mutual funds or exchange traded funds to their shareholders. These fees and
expenses are described in each fund's prospectus. These fees generally include a management fee,
other fund expenses, and a possible distribution fee. If the fund also imposes sales charges, a Client may
pay an initial or deferred sales charge.

A Client could invest in a mutual fund directly, without the services of AUA Capital. In that case, the
Client would not receive the services provided by AUA Capital which are designed, among other things,
to assist the Client in determining which mutual fund or funds are most appropriate to each Client's
financial condition and objectives. Accordingly, the Client should review both the fees charged by the
funds and the fees charged by AUA Capital to fully understand the total amount of fees to be paid by the
Client and to thereby evaluate the advisory services being provided.

AUA Capital Management, LLC
Form ADV Part 2A

General Information on Advisory Services and Fees
We do not represent, warrant, or imply that the services or methods of analysis employed by our firm
can or will predict future results, successfully identify market tops or bottoms, or insulate you from
losses due to market corrections or declines.

AUA Capital is deemed to have custody of Client funds solely because of the fee deduction authority
...

Types of Clients - Item 7

AUA Capital provides investment advice to individuals, trusts, estates, charitable organizations and
pension and profit sharing plans. The minimum initial amount of assets to establish an account with us is
$1,000,000. We may waive this minimum at our discretion.

                  Methods of Analysis, Investment Strategies and Risk of Loss - Item 8

Investment Approach
We provide investment solutions for clients. Our approach is comprised of understanding the unique
situation of our clients and then applying our investment methodologies to help the client effectively
manage their particular investment circumstances. We believe a highly disciplined, unemotional method
of evaluating and systematically managing risk/reward is necessary for successful portfolio
management.

AUA Capital Management, LLC
Form ADV Part 2A

We use both fundamental research and quantitative methods to construct portfolios with specific risk
and return parameters. The investments in the portfolio are constantly monitored and changes are
made to reflect both new information about the markets and specific securities.

Investment Methodology
The allocation of the portfolio betas (market risk exposures) typically represents a large majority of a
portfolio’s long-term performance. As a result, we focus on identifying the market regime and selecting
the investment securities which we believe possess the risk /return exposure which is appropriate for
that market environment. Our typical portfolio has various weights among risk exposures that may
include Cash, Global Fixed Income, U.S. Equities, International Equities, Real Estate, Commodities, and
Currencies. To enhance return and manage risk we may invest in specific sectors, invest in instruments
that “short” sectors or asset classes, utilize specific trading strategies (example hedged equity), or to a
limited degree utilize option strategies if approved within the client’s account.

The performance of the portfolio is measured against appropriate and measurable indices such as a
global equity benchmark and an intermediate bond index.

Risk of Loss
Investing in securities involves risk of loss that Clients should be prepared to bear. AUA Capital’s
investment approach keeps the risk of loss in mind. The list below includes many of the risks Clients
face:

     Interest-rate Risk: Fluctuations in interest rates may cause investment prices to fluctuate. For
      example, when interest rates rise, yields on existing bonds become less attractive, causing their
      market values to decline.
     Market Risk: The price of a security, bond, or mutual fund may drop in reaction to tangible and
      intangible events and conditions. This type of risk is caused by external factors independent of a
      security's particular underlying circumstances. For example, political, economic, and social
      conditions may trigger market events.
     Inflation Risk: When any type of inflation is present, a dollar today will not buy as much as a dollar
      next year, because purchasing power is eroding at the rate of inflation.
     Currency Risk: Overseas investments are subject to fluctuations in the value of the dollar against
      the currency of the investment's originating country. This is also referred to as exchange rate risk.
     Reinvestment Risk: This is the risk that future proceeds from investments may have to be
      reinvested at a potentially lower rate of return (i.e. interest rate). This primarily relates to fixed
      income securities.
     Business Risk: These risks are associated with a particular industry or a particular company within
      an industry. For example, oil-drilling companies depend on finding oil and then refining it, a
      lengthy process, before they can generate a profit. They carry a higher risk of profitability than an

AUA Capital Management, LLC
Form ADV Part 2A

      electric company, which generates its income from a steady stream of customers who buy
      electricity no matter what the economic environment is like.
     Liquidity Risk: Liquidity is the ability to readily convert an investment into cash. Generally, assets
      are more liquid if many traders are interested in a standardized product. For example, Treasury
      Bills are highly liquid, while real estate properties are not.
     Financial Risk: Excessive borrowing to finance a business' operations increases the risk of
      profitability, because the company must meet the terms of its obligations in good times and bad.
      During periods of financial stress, the inability to meet loan obligations may result in bankruptcy
      and/or a declining market value.