Cladis Investment Advisory LLC

Item 5 Fees and Compensation
CIA is compensated for managing investment portfolios based upon a percentage of the market value of assets
managed. We will explain all fees to ensure client understanding and before any services are rendered. Fees
are negotiable.

Clients authorize fees to be deducted from                    Market Value of Assets Managed                    Annual Fee
their accounts or clients can choose to be                    $999,999 or less                                    1.25%
billed directly. Fees are payable quarterly in                $1,000,000 to $2,499,999                            1.00%
                                                              $2,500,000 to $4,999,999                             .90%
advance and based on the market value of
                                                              $5,000,000 to $10,000,000                            .75%
the portfolio at the end of the previous                      Above $10,000,000                                 Negotiable
quarter.

For the first invoice, fees will be calculated and billed when a majority of the client’s assets are received into
the account (if a transfer of assets is deemed necessary - see Item 12. Brokerage Services for more
information). The fee will be based upon the market value of the assets on that day and number of days left in
the quarter the agreement was executed.

Example:
                                                                       Market Value of
   Date Majority of Assets     # of Days Left In                                             Calculated Fee to be Billed on May 28
                                                    Annual Fee            Assets on
   Received into Account           Quarter                                                       [($1,177,592*.01)/365)] X 35
                                                                           May 27
           May 27                     35              1.00%             $1,177,592.00                     $1,129.10

Clients may also choose to negotiate a flat quarterly fee. Negotiated flat fees will be billed the date the
agreement is signed and pro-rated for the number of days left in the quarter the agreement was executed.

We will execute an investment advisory agreement with our clients defining certain terms of the advisory
relationship.

The investment advisory agreement can be terminated at any time. Clients may terminate the agreement,
without any fees due or penalty, within 5 business days of signing the agreement. If the agreement is
terminated after 5 business days, the client will receive a refund of fees paid in advance, but not yet earned,
based upon the number of days left in the quarter. Example:
                                                      Quarterly Fee Paid in
                           Market Value of Assets                              Agreement       # of            Calculated Fee to be
                                                           Advance
     Billing Period       Under Management as of                               Termination   Unearned               Returned
                                                    [($1,154,688 X .01/365)
                                 March 31                                         Date         Days           [($2,878.81/91) X 51]
                                                             X 91]
     2nd Quarter
  April 1st – June 30th        $1,154,688.00              $2,878.81               May 10        51                 $1,613.40
        91 days

                                                                                                        March 2, 2026                4

For our financial planning and investment advice provided through consultation services we charge $200.00
per hour. Fees are due when services are rendered and client receives the written recommendations report.
Any agreement executed for consultation services can be terminated within 5 business days without penalty,
but if terminated after 5 business days, fees for time spent on the client’s project up to that date will be due.

Clients will incur transaction fees charged by the broker-dealer through which the investments are purchased
or sold. Mutual funds and exchange traded funds also charge annual fees which include asset management,
administrative, and operating fees. These fees are reported as an annual expense ratio which can be found in
the fund’s prospectus. We do not retain any portion of any of these fees. The broker-dealer or investment
company retains these fees.

For additional information see Item 12. Brokerage Practices below.

We do not receive any other compensation such as commissions or “loads” for the sale of securities or other
investment products nor do we receive any annual service fees (such as 12b-1 fees) from mutual fund or other
investment companies.

Item 7 Types of Clients
CIA provides investment advisory services to individuals, trusts, estates, charitable organizations, corporations,
pension and profit-sharing plans, and other business entities. Generally we seek to establish relationships with
total assets under management greater than $250,000.00.