Cedarstone Advisors

Item 5 Fees and Compensation

Method of Compensation and Fee Schedule and Client Payment of Fees

Asset Management Fees

Pursuant to an investment advisory contract signed by each client, the client will pay Cedarstone Advisors an
annual management fee, payable quarterly, in advance, based on the value of portfolio assets of the account
managed by the Advisor as of the opening of business on the first business day of each quarter. Cedarstone
Advisors generally requires a minimum asset level of $500,000 and/or a minimum quarterly investment advisory
fee of $600. However, Cedarstone Advisors may reduce its minimum asset level and/or investment advisory fee
based upon certain criteria (i.e. anticipated future earning capacity, anticipated future additional assets, dollar
amount of assets to be managed, related accounts, account composition, negotiations with client, etc.)

The annual management fee is pursuant to the following management fee schedule.

        Market Value of Household Assets                            Annual Fee Based on % of Assets

        On the first $2,000,000                                                  1.00%

        On the next $3,000,000                                                   0.80%

        On the next $5,000,000                                                   0.50%

        On the next $10,000,000                                                  0.40%

        Over $20,000,000                                                       Negotiable

Asset management fees will be automatically deducted from the client account on a quarterly basis by the
qualified custodian. The client will give written authorization permitting the Cedarstone to be paid directly from
the client account held by the custodian. The custodian will send a monthly statement to the client detailing the
activity in each account, including the quarterly amount billed.

Cedarstone will send an invoice to its clients outlining the calculation of and amount of the management fee to
be deducted from the client account.

Financial Planning Services

Cedarstone may determine to provide financial planning services (including investment and non-investment
related matters) on a stand-alone separate fee basis. Before engaging in this capacity clients are required to enter
into a Financial Planning Agreement with Cedarstone setting forth the terms of the engagement (including
termination), describing the scope of the services to be provided, and the portion of the fee that is due from the
client prior to Cedarstone commencing services. Cedarstone will charge an hourly fee for these services in the
range of $300 to $500 per hour.

3125 Old Conejo Rd. Unit 7 | Thousand Oaks, CA 91320      P: 888.571.5582                   www.cedarstoneadvisors.com

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If requested by the client, Cedarstone may recommend the services of other professionals for implementation
purposes. Such recommendations may include Estate Planning Attorneys, Accountants, Mortgage Brokers,
Insurance Agents, or other professionals relevant to the client’s needs and objectives. The client is under no
obligation to engage the services of any such recommended professional. The client retains absolute discretion
over all such implementation and may choose to accept or reject any recommendation by Cedarstone.

Additional Client Fees Charged

All fees paid to Cedarstone Advisors for investment advisory services are separate and distinct from the expenses
charged by mutual funds to their shareholders. These fees and expenses are described in each fund’s prospectus.
These fees will generally include a management fee and other fund expenses.

At no time will Cedarstone Advisors accept or maintain custody of a client’s funds or securities except for
authorized fee deduction or by virtue of certain authorizations that allow Cedarstone to facilitate the movement
of funds on behalf of clients. Client is responsible for all custodial and securities execution fees charged by the
custodian and executing broker-dealer. The Advisors fee is separate and distinct from the custodian and execution
fees.

Prepayment of Client Fees

Cedarstone Advisors management fee is payable in advance. Clients and/or Advisor may terminate an Agreement
at any time, by either party, by written notice to the other party. Such termination shall be effective upon receipt
of such notice in writing. Clients will be responsible for the prorated fees based on the number of days in the
month, up to and including the date of termination and any unearned fee will be refunded to client.

Item 7 Types of Clients and Minimum Account Size

The Advisor intends to offer its services to individuals, pension and profit-sharing plans, trusts, estates, or
charitable organizations, corporations or business entities.

The Advisor’s cumulative minimum account requirement for opening and maintaining an account is $500,000.
However, based on facts and circumstances the Advisor may, at its sole discretion, accept accounts with a lower
value.