Dekoning and Company LLC

ITEM 5 - FEES AND COMPENSATION
Investment Portfolio Advisory
As stated in the Investment Advisory Agreement, the client will pay a quarterly Management Fee
in the range of 0.25% to 0.75%, payable in arrears, based on the average amount of the assets as
reported by the banks to be managed by us during the previous quarter. The market value will be
determined as reported by the Custodian. Fees are assessed on all assets under management,
including securities, cash and money market balances. These fees may be negotiated under unusual
circumstances, at our sole discretion and are subject to minimum fees. Clients are billed directly
for fees incurred on a quarterly basis as reported by the banks themselves.

The client engages in an agreement for a period of three (3) years following the end of the client’s
fiscal quarter. As stated in the Agreement, in the event of a sale to an un-related party that results
in the change of control of the client or by written mutual agreement, the client may terminate the
agreement with 90 days’ notice.

TransWestern Fund
The management fee, computed and accrued daily and paid monthly in arrears, is currently an
annual rate of 0.45% of the Fund’s average daily assets. In addition, there is a 0.10% marketing
allowance computed and accrued daily. These amounts are subject to an all-in expense limitation
of 0.65%. The fund regularly incurs expenses in excess of the 0.65%. All such amounts are directly
deducted by fees earned by the Firm.

Additional Fees and Expenses:
Advisory fees payable to us do not include all the fees you will pay when we purchase or sell
securities for your Account(s). The following list of fees or expenses are what you pay directly to
third parties, whether a security is being purchased, sold or held in your Account(s) under our
management.

   •   Transaction fees
   •   Commissions or mark-ups / mark-downs on security transactions
   •   SEC fees
   •   Advisory fees and administrative fees charged by Mutual Funds (MF), Exchange Traded
       Funds (ETF)
   •   Advisory fees charged by sub-advisors (if any are used for your account)
   •   Custodial Fees

   •    Wire transfer and electronic fund processing fees
Please refer to the “Brokerage Practices” for discussion of TransWestern’s brokerage practices.

ITEM 7 - TYPES OF CLIENTS
We provide investment advice limited to financial institutional clients only; specifically, federal
and state-chartered banks, credit unions, insurance companies, and one Investment Company: The
Northern Lights Fund Trust, to which it serves as an advisor to the TransWestern Institutional
Short Duration Government Bond Fund. Minimum size for opening an institutional account in the
TransWestern Fund is $2,000,000. Minimum account size is $25,000,000 for separately managed
accounts and is negotiable.