Capital West Partners LLC

ITEM 5 - FEES AND COMPENSATION
Fees for Advisory Services
Investment Management Services
CWP charges advisory fees for investment management services based on a percentage of the client’s
total assets under management, per the following standard schedule:

Assets Under Management             Annual Fee
Up to $1,000,000                    1.25%
Over $1,000,000                     Negotiable

These fees are negotiable and inclusive of fees charged by sub-advisers.

Billing Method
Annual fees are billed quarterly in arrears. We calculate quarterly fees using the account market value
on the last day of the quarter, multiplied by one fourth of the annual fee. If a client opens an account in
the middle of the quarter, we only charge fees for the number of days in the quarter that we were
responsible for managing the account.

The client’s quarterly fee calculation will reflect any pro-rated additions and/or reductions.

With client authorization, CWP will typically withdraw our advisory fee automatically from the client’s
account each quarter upon instruction to the client’s independent custodian. We may make alternative
arrangements at the client’s request. All clients will receive brokerage statements from the custodian no
less frequently than quarterly. The custodian statement will show the deduction of the advisory fee.

CWP will send a statement (by mail or directly to client portal) to each client who authorizes CWP to
withdrawal fees directly from the custodian. The statement will show the amount of the fee, the value
of the client’s assets upon which we based the fee, and the specific manner in which we calculated the
fee. It is the client’s responsibility to verify the accuracy of the fee calculation. The custodian will not
determine whether the fee is properly calculated.

Consulting Services
CWP’s consulting services are charged at an hourly rate of $150, which may be negotiable depending on
the nature and complexity of each client’s circumstances. We bill hourly fees upon completion of the
services, based on the time spent for the project.

Other Fees and Expenses
CWP’s fees do not include custodian fees. Clients pay all brokerage commissions, stock transfer fees,
foreign exchange and settlement fees, margin costs, and/or other similar charges incurred in connection
with transactions in accounts, from the assets in the account. These charges are in addition to the fees
client pays to CWP. See Item 12 - Brokerage Practices below for more information.

In addition, any mutual fund shares held in a client’s account may be subject to deferred sales charges,
12b-1 fees, early redemption fees, and other fund-related expenses. The fund’s prospectus fully
describes the fees and expenses. All fees paid to CWP for investment advisory services are separate and
distinct from the fees and expenses charged by mutual funds. Mutual funds pay advisory fees to their
managers, which are indirectly charged to all holders of the mutual fund shares. Consequently, clients with
mutual funds in their portfolios are effectively paying both CWP and the mutual fund manager for the
management of their assets.

Termination
Either party may terminate the advisory agreement at any time by providing written notice to the other
party. The client may terminate the agreement at any time by writing CWP at our office.

Upon notice of termination, CWP will calculate the final fees due for services provided through the date of
termination. Any advisory fees that we have earned for the services provided will be due upon termination.

ITEM 7 - TYPES OF CLIENTS
CWP typically provides investment advisory and consulting services to private accounts (including
individuals, high net worth individuals, and related trusts, estates, and retirement accounts), corporate
accounts, pension and profit sharing plans, and charitable institutions.

Account Requirements
Generally, CWP requires a minimum account size of $100,000 to establish an investment
management relationship. We may combine family accounts to meet the account size minimum.
CWP may reduce or waive the account minimum requirements at our discretion.