Colarion LLC

Item 5 – Fees and Compensation

In addition to the information provided in Item 4 – Advisory Business, this section provides additional details
regarding our firm’s services along with descriptions of each service’s fees and compensation arrangements.
It should be noted that lower fees for comparable service may be available from other sources. The exact fees
and other terms will be outlined in the agreement between you and Colarion or as assigned.

Asset Management Services

Fees charged for our asset management services are charged based on a percentage of assets under
management, billed in arrears (at the end of the billing period) on a monthly calendar basis or in advance (at
the beginning of a billing period) on a quarterly basis if designated in your agreement, calculated based on the fair
market value of your account as of the last business day of the current billing period. Fees are prorated (based
on the number of days service is provided during the initial billing period) for your account opened at any time
other than the beginning of the billing period for those billed in advance. If asset management services are
commenced in the middle of the billing period, then the prorated fee for that billing period will be billed in
arrears at the end of that billing period.

The asset management services continue in effect until terminated by either party (i.e., Colarion or you) by
providing written notice of termination to the other party. When fees are billed in arrears, Colarion will

Colarion LLC                                          Page 5              Form ADV Part 2A Disclosure Brochure

prorate the final fee payment based on the number of days services are provided during the final period.The
amount of client assets on the termination date will be used to determine the final fee payment for fees paid
in arrears. When fees are paid in advance, the prorated amount from the date of termination will be refunded
to the client promptly.

The annual fee for asset management services will vary between 0.75% and 1.00% depending on whether
account size is above or below $1 million, if the client has been “grandfathered” into a different fee schedule
or the firm has granted an exception based on the client relationship. The annual fee for asset management
services to partners of the Mint Partnership is 1.5%.

The minimum account size is $250,000 but this limit may be waived in certain circumstances.

Colarion believes that its annual fee is reasonable in relation to: (1) services provided and (2) the fees charged
by other investment advisers offering similar services/programs. However, the annual investment advisory
fee may be higher than that charged by other investment advisers offering similar services/programs. In
addition to our compensation, you may also incur charges imposed at the mutual fund level (e.g., advisory
fees and other fund expenses).

The investment advisory fees will be deducted from your account and paid directly to our firm by the qualified
custodian(s) of your account. You will authorize the qualified custodian(s) of your account to deduct fees
from your account and pay such fees directly to our firm. See Item 15 – Custody for more details.

You should review your account statements received from the qualified custodian(s) and verify that
appropriate investment advisory fees are being deducted. The qualified custodian(s) will not verify the
accuracy of the investment advisory fees deducted.

Brokerage commissions and/or transaction ticket fees charged by the qualified custodian are billed directly
to you by the qualified custodian. Colarion does not receive any portion of such commissions or fees from you
or the qualified custodian. In addition, you may incur certain charges imposed by third parties other than
Colarion in connection with investments made through your account including, but not limited to, mutual fund
sales loads, 12(b)-1 fees and surrender charges, variable annuity fees and surrender charges, IRA and
qualified retirement plan fees, and charges imposed by the qualified custodian(s) of your account.
Management fees charged by Colarion are separate and distinct from the fees and expenses charged by
investment company securities that may be recommended to you. A description of these fees and expenses
are available in each investment company security’s prospectus.

Item 7 – Types of Clients

Colarion generally provides investment advice to the following types of clients:

    •    Individuals
    •    High net worth individuals
    •    Corporations
    •    Trusts, estates, or charitable organizations

You are required to execute a written agreement with Colarion specifying the particular advisory services
in order to establish a client arrangement with Colarion.

Minimum Investment Amounts Required

Colarion requires a minimum of $250,000 in order to open an account except under circumstances where
the firm exercises the right to exempt a client from this requirement. To reach this account minimum, clients
may aggregate all household accounts.

Colarion is advisor to the Mint Financial Sector Fund, LP, which also requires a minimum of $250,000
investment from partners.