Chaney Capital Management Inc

Item 5 – Fees and Compensation

A.     Fee Schedule
ASSET MANAGEMENT
Chaney offers asset management services to advisory Clients. Chaney charges an annual investment
advisory fee based on the total assets under management as follows:

             Assets Under Management                               Annual Fee

                      All Accounts                             No More than 2.00%

The annual fee is negotiable based upon certain criteria (e.g., historical relationship, type of assets,
anticipated future earning capacity, anticipated future additional assets, dollar amounts of assets to
be managed, related accounts, account composition, negotiations with Clients, etc.). Fees are billed
quarterly in arrears based on the amount of assets managed as of the close of business on the last

business day of the previous billing period. Lastly, please note that Chaney may group certain related
Client accounts, often known as “householding”, for the purposes of achieving the minimum account
size and determining the annualized fee.

B.     Payment of Fees
Asset Management Fees are deducted directly from the Client’s Account.

Chaney, in its sole discretion, may charge a lesser investment advisory fee based upon certain criteria
(e.g., historical relationship, type of assets, anticipated future earning capacity, anticipated future
additional assets, dollar amounts of assets to be managed, related accounts, account composition,
negotiations with Clients, etc.).

For all services, Clients may terminate their engagement with Chaney within five (5) business days
of signing an Agreement with no obligation and without penalty. After the initial (5) business days,
the Agreement may be terminated by Chaney with thirty (30) days written notice to Client and by
the Client at any time with written notice to Chaney. For accounts opened or closed mid-billing
period, fees will be prorated based on the days services are provided during the given period. In the
case of hourly engagements, fees will be prorated based on the work completed at the stated hourly
rate. All unpaid earned fees will be due to Chaney and all unearned fees will be refunded to the Client.
Any increase in fees will be acknowledged in writing by both parties before any increase in said fees
occurs.

C.     Additional Fees
Custodians may charge brokerage commissions, transaction fees, and other related costs on the
purchases or sales of mutual funds, equities, bonds, options, margin interest, and exchange-traded
funds. Mutual funds, money market funds, and exchange-traded funds may also charge internal
management fees, which are disclosed in the fund’s prospectus. Chaney does not receive any
compensation from these fees. All of these fees are in addition to the management fee you pay to
Chaney. For more details on the brokerage practices, see Item 12 of this brochure.

D.    Prepayment of Fees
Chaney does not expect Clients to prepay fees.

E.    External Compensation for the Sale of Securities
Chaney does not receive any external compensation from the sale of securities.

Item 7 – Types of Clients & Account Minimums

Chaney’s Clients are generally individuals, small businesses, trusts, estates, high net-worth
individuals, and charities. Client relationships vary in scope and length of service.

Chaney requires a minimum account size of $250,000 to enter into an Advisory Agreement. However,
Chaney retains the discretion to lower or waive said minimum.