Claremont Capital Management LLC

Item 5: Fees and Compensation

A. Fee Schedule

Investment Supervisory Services Fees

       Total Assets Under Management                       Annual Fee
                  First $10,000,000                              0.95%

                 Above $10,000,000                               0.75%

These fees are negotiable and the final fee schedule is included in the Investment Advisory
Contract.

Clients may terminate their contracts with thirty days’ written notice. Refunds are given
on a prorated basis, based on the number of days remaining in the billing period at the
point of termination. Clients may terminate their contracts without penalty, for full
refund, within 5 business days of signing the advisory contract.

Assets under management will be determined by the market value shown on the monthly
custodian statements, to include accrued interest.

B. Payment of Fees

Payment of Investment Supervisory Fees

Advisory fees may be withdrawn directly from the client’s accounts with client written
authorization. Clients may also pay by check. Fees are paid quarterly in advance based
on the amount of assets under management according to most recent monthly custodial
statement. Some accounts are billed monthly or quarterly in arrears.

C. Clients Are Responsible For Third Party Fees

Clients are responsible for the payment of all third party fees (i.e. custodian fees, mutual
fund fees, transaction fee etc.). Those fees are separate and distinct from the fees and
expenses charged by CCM.            Please see Item 12 of this brochure regarding
broker/custodian.

       D. Prepayment of Fees

       CCM collects some client fees in advance. Fees that are collected in advance will be
       refunded based on the prorated amount of work completed at the point of termination
       and the total days during the billing period. Fees will be returned within fourteen days to
       the client via check.

       E. Outside Compensation For the Sale of Securities to Clients

       Neither CCM nor its supervised persons accept any compensation for the sale of securities
       or other investment products, including asset-based sales charges, commissions or
       services fees from the sale of mutual funds. CCM only uses “no-load” mutual funds for
       clients.

Item 7: Types of Clients

CCM generally provides investment advice to the following Types of Clients:

          ❖ High-Net-Worth Individuals
          ❖ Insurance Pools

       Minimum Account Size

       $5,000,000*

       (*may be waived at the discretion of the Advisor)