CIM LLC

Item 5. Fees and Compensation
Description
PORTFOLIO MANAGEMENT:

The annual fee for Portfolio Management will be charged as a percentage of assets under
management, with the blended rate typically ranging from 0.5% to 1.00%, depending primarily
on the size and nature of the client's account, among other considerations. CIM, LLC will
discuss and mutually agree to an exact percentage prior to execution of the advisory
agreement. All fees are negotiable at CIM, LLC's sole discretion.

Non-Institutional Clients

Minimum account size: $100,000

Minimum annual fee (aggregated for all client/household accounts, assessed and charged
quarterly): $2,500.

In the event that the quarterly aggregated fee assessed on a client's account(s) based on
billable account value does not meet or exceed the quarterly portion of the applicable minimum
annual fee, the account will be charged the quarterly portion or the applicable minimum annual
fee. The billable account value is defined as the average daily balance of the account for the
period.

In such circumstances, this annual fee exceeds the contracted annual fee percentage and
may be higher than the fee that would be charged by other investment advisers or

investment professionals for managing accounts that size.

Institutional Clients

Minimum account size: $3,000,000

Minimum annual fee (assessed and charged quarterly): $15,000 - $22,500, depending on the
strategy invested in.

Trades are executed at institutional brokerage rates. In the event that a client's billable
account value falls below $3,000,000 for the quarterly billing period, the account will be
charged the quarterly portion of the applicable minimum annual fee, depending on the
strategy invested in. The billable account value is defined as the average daily balance of
the account for the period. In such circumstances, this annual fee exceeds the contracted
annual fee percentage and may be higher than the fee that would be charged by other
investment advisers or investment professionals for managing accounts that size. All
minimum account size requirements are negotiable under certain circumstances.

For more information on our wealth management wrap fee schedule, please see our
Wealth Management Wrap Fee Program Brochure, Appendix 1 of this Brochure.

Fee Billing
Consistent with the written agreement between CIM, LLC and each client the management
fee is calculated and payable either in advance or in arrears, depending on which custodian
holds a client’s account. Currently, for accounts where Fidelity or Schwab is the custodian
and for Held Away Accounts, the fee is payable quarterly in advance2, based on the
average daily value of all assets in the account for the prior calendar quarter. (See below
for how mutual fund fees and expenses are calculated.) For accounts that are “held away”,
since the applicable fee cannot be debited directly from these held away accounts, these
fees will be paid from another client account or invoiced directly to the client, at the client’s
direction. For accounts where Interactive Brokers is the custodian, the fee is payable
quarterly in arrears, which is accrued daily based on the end-of-day market value of all
assets at the end of each day of the prior calendar quarter. The fee will be debited directly
from the client’s account, in advance or in arrears as applicable, at the beginning of each
calendar quarter. The management agreement continues in effect until terminated by either
party upon 30 days prior written notice to either party, CIM, LLC or the client. Upon
termination of the agreement, CIM, LLC will calculate the actual days the account was
under management since the most recent quarter end and if warranted will return a credit
to the account for the days during the quarter that the account was not managed by CIM,
LLC. Note that agreements terminated within 30 days of the close of the calendar quarter
will not receive a credit because they will not fulfill the 30 days prior notice.

Negotiability of Fees and Account Minimums: At CIM, LLC's sole discretion, its fees and
account minimums are negotiable. CIM, LLC may, in its sole discretion, "household" or
group together multiple accounts with respect to one client relationship for purposes of
calculating the blended fee rate. CIM, LLC will, however, generally only household
accounts that participate in the same CIM, LLC advisory program (i.e. Wrap Program vs.

Non-Wrap Program). For example, if a client has more than one wrap fee account, such
wrap fee accounts would be grouped together for the purposes of determining the
applicable blended fee. In addition, certain accounts are permitted to open with low or no
fees assessed by CIM, given some unique circumstance and as an accommodation to the
client. Often, they are low balance accounts that belong to family members of the clients or
accounts of our employees or their family members. With notice, CIM, LLC reserves the
right to revise the contracted fee on an account in the event the account’s value exceeds
some pre-determined amount, or the level of service being provided has changed.

Other Fees
Clients should note that CIM, LLC's Portfolio Management service is not a "wrap fee"
arrangement similar to the Wrap Program. This means that clients participating in CIM, LLC's
Portfolio Management service will be responsible for paying separately any and all brokerage,
custodial, and transactional fees and expenses charged by broker-dealers, transfer agents,
banks, and/or custodians who provide services or products to these clients. Additional
information is available in the Brokerage Practices section later in this document. Clients have
the option to purchase products and our portfolio management service through other brokers or
agents of their choosing that are not affiliated with CIM, LLC. In addition, portfolio management
clients do not receive any of our other wealth management services, although they may engage
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Item 7. Types of Clients
Description
Clients at CIM, LLC include both high net worth and institutional accounts. Types of clients
include, but are not limited to individuals, families, qualified investors, pension and profit-sharing
plans, trusts, estates, charitable organizations, business entities and corporations.

Account Minimums
Minimum account size to open or maintain wealth management wrap fee accounts and portfolio
management accounts is $100,000. For wealth management wrap fee accounts and portfolio
management accounts the minimum annual fee is $2,500. Minimum account size for
institutional accounts is $3,000,000 with a minimum annual fee ranging from $15,000 - $22,500,
depending on the strategy invested in.