Claris Advisors LLC

Item 5 – Fees and Compensation

In certain circumstances, all fees, account minimums and their applications to family circumstances
may be negotiable. Generally, Claris Advisors will require a minimum account size or client relationship
of $250,000 (as noted below). In certain circumstances, all fees and account minimums may be
negotiable based on family relations, firm affiliations or individual circumstances. Members of Claris
Advisors are not charged fees on either their personal accounts or accounts of immediate family
members. Employees of Anders Minkler Huber & Helm, LLP are also not charged a fee on their accounts.
Generally, Claris Advisors will charge not-for-profits 75% (seventy-five percent) of our standard fee.

Claris Advisors has contracted with FPAS for services including trade processing, collection of
management fees, record maintenance, report preparation, marketing assistance, and research. Claris
Advisors has also contracted with FPAS for sub-advisory services with respect to clients’ fixed income
accounts. Claris Advisors pays a fee for FPAS’s services based on management fees paid to Claris
Advisors on accounts that use FPAS, LLC The fee paid by Claris Advisors to FPAS consists of a portion of
the fee paid by clients to Claris Advisors and varies based on the total client assets participating in FPAS
through Claris Advisors. These fees are not separately charged to advisory clients.

The specific manner in which fees are charged by Claris Advisors is established in a client’s written
agreement with Claris Advisors. For Investment Management and Employee Benefit Plan Services,
clients will be invoiced in advance at the beginning of each calendar quarter based upon the value
(market value based on independent third-party sources or fair market value in the absence of market
value; client account balances on which Claris Advisors calculates fees may vary from account custodial
statements based on independent valuations and other accounting variances, including mechanisms for
including accrued interest in account statements) of the client’s account at the end of the previous
quarter. New accounts are charged a prorated fee for the remainder of the quarter in which the account
is incepted (date of first trade).

For Investment Management and Employee Benefit Plan Services, Claris Advisors will request authority
from the client to receive quarterly payments directly from the client's account held by an independent
custodian. Clients may provide written limited authorization to Claris Advisors or its designated service
provider, FPAS, to withdraw fees from the account. Clients will receive custodial statements showing the
advisory fees debited from their account(s). Certain third-party administrators will calculate and debit
Claris Advisors’ fee and remit such fee to Claris Advisors.

A client agreement may be canceled at any time, by either party, for any reason upon receipt of thirty (30)
days’ written notice. Upon termination of any account, any prepaid, unearned fees will be promptly
refunded. The client has the right to terminate an agreement without penalty within five business days
after entering into the agreement.

Claris Advisors’ fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses which shall be incurred by the client. Clients may incur certain charges imposed by
custodians, brokers, third-party investment and other third parties such as fees charged by managers,
custodial fees, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees
and taxes on brokerage accounts and securities transactions. Mutual funds and exchange traded funds
also charge internal management fees, which are disclosed in a fund’s prospectus. These fees will
generally include a management fee and other fund expenses. All fees paid to Claris Advisors for
investment advisory services are separate and distinct from the fees and expenses charged by mutual
funds and ETFs to their shareholders.

Such charges, fees and commissions are exclusive of and in addition to Claris Advisors’ fee, and Claris
Advisors shall not receive any portion of these commissions, fees, and costs.

Independent Manager Fees

As stated above in Item 4 – Advisory Business, Claris Advisors may decide (in coordination with the
client) to implement DFA as an Independent Manager for the management of portfolios of individual
securities. In these instances, DFA will charge its own separate and distinct fee from Claris Advisors
advisory fees, which are noted below. Clients grant DFA authority at the client’s custodian for DFA to
directly debit client accounts for DFA’s fee. Additionally, clients are required to sign an advisory
agreement addendum with Claris Advisors which outlines these additional fees.

Advisory Fees

Investment Management Services:

The annual fee for investment management services will be charged as a percentage of assets under
management, according to the schedule below:

      Assets Under Management                    Annual Fee (%)
      Up to $249,999**                           1.85%
      $250,000 - $499,999                        1.25%
      $500,000 - $999,999                        1.00%
      $1,000,000 - $1,999,999                    0.90%

      $2,000,000 - $2,999,999                    0.80%
      $3,000,000 - $3,999,999                    0.70%
      $4,000,000 - $4,999,999                    0.60%
      $5,000,000 or greater                      0.50%

**Client accounts where the total balance of all accounts is less than $250,000 will be accepted only on
a case by case basis.

Individual accounts for members of the same family, defined as husband, wife and dependent children,
are assessed fees based on the total account balance of all family accounts.

Fixed Income Fee Services:

      Account Value                              Annual Fee (%)
      Up to $999,999                             0.50%
...

Item 7 – Types of Clients

Claris Advisors provides services to individuals, trusts, charitable organizations, businesses and
qualified retirement plans.

Claris Advisors generally requires a minimum account size or client relationship of $250,000 for
Investment Management Services and $500,000 for Employee Benefit Retirement Plan Services. A
minimum of $400,000 of assets under management is generally required for management services of
portfolios of individual fixed income securities although individual bonds may be purchased. This
minimum account size may be negotiable under certain circumstances. All accounts for members of the
client's family (husband, wife and dependent children) or related businesses may be assessed fees
based on the total balance of all accounts.