DB Advisory America Limited Ltd

Item 5 – Fees and Compensation

DBAA will charge its client(s) an annual flat fee payable on a quarterly basis. The amount quarterly fee,
which is listed in Schedule A of the client’s Advisory Services Agreement, is payable quarterly in advance
at the first day of each quarter. The fee charged will be based on the value of the asset(s) being
managed and on advisory contributions from clients of DBAA as of the last day of the previous quarter.
The initial fee shall also include a pro rata payment of the advisory fee for the period commencing on
the date of the agreement execution and ending on the last day of the month prior to the month of the
initial fee payment date

Our clients are generally billed for advisory services according to the fee schedule. So, DBAA will send
clients a written invoice itemizing the fee, including any formula used to calculate the fee, the time period
covered by the fee and the amount of assets under management on which the fee was based. The pro
rata amount due will be based on the number of days between the execution date and due date divided
by the number of days in the quarter.

Clients will also be responsible for any out-of-pocket expenses which may include costs incurred by the
DBAA and/or its personnel in rendering the advisory services. These charges will include fees and
disbursements of auditors, attorneys and other outside advisors or consultants.

If necessarily, the client and/or DBAA may negotiate to adjust the terms and charges.

Item 7 – Types of Clients
DBAA generally provides investment advice and/or management supervisory services to companies
[excluding small businesses] and other institutional clients. There is no minimum account size.