Diversified Resources LLC

Item 5: Fees and Compensation

Portfolio Management
We are compensated as a percentage of our assets under management. This allows us to
provide our clients with product-neutral recommendations across all facets of the investment
management relationship.

Our fees for portfolio management services are based on a percentage of your assets as
follows:

                       Assets Under Management              Annual Fee
                       Less than or equal to $1,500,000     1.00%
                       Next $1,000,000                      0.75%
                       Over $2,500,000                      0.40%

The qualified custodian holding your funds and securities will debit your account directly for the
advisory fees. Where your account is debited directly for the advisory fee, you will provide
written authorization permitting the fees to be paid directly from your account held by the
qualified custodian. Further, the qualified custodian agrees to deliver a quarterly account
statement directly to you. You are encouraged to review your account statements for accuracy.

Our annual portfolio management fee is calculated and deducted from your account quarterly,
in arrears, based on the value of your account on the last day of the calendar quarter. The fee
schedule listed above reflects the fees charged by our Firm for the management of the assets
held in your account. This fee does not include any transaction charges or other fees imposed
by the account custodian, or any of the expense charges by the individual securities, mutual
funds or the ETFs purchased for your account. Fund expenses are fully disclosed in the fund
prospectus provided to you by the custodian.

If you execute an investment management agreement at any time other than the first day of a
calendar quarter, our fees will apply on a pro-rata basis, which means that the advisory fee is
payable in proportion to the number of days in the quarter for which you are a client. If you
close your account prior to the end of a calendar quarter, we will be entitled to pro-rata fees on
such withdrawal.

In certain circumstances, and in the Firm’s sole discretion, fees, account minimums and
payment terms may be negotiable depending on client’s unique situation – such as the size of
the aggregate related party portfolio size, family holdings, low-cost basis securities, or certain
passively advised investments and pre-existing relationships with clients. Certain clients may
pay more or less than others depending on the amount of assets, type of portfolio, or the time
involved, the degree of responsibility assumed, complexity of the engagement, special skills
needed to solve problems, the application of experience and knowledge of the client’s
situation.

At our discretion, we may combine the account values of family members living in the same
household to determine the applicable advisory fee. For example, we may combine account
values for you and your minor children, joint accounts with your spouse, and other types of
related accounts. Combining account values may increase the asset total, which may result in
you paying a reduced advisory fee based on the available breakpoints in our fee schedule
stated above.

There may be additional fees charged by the Custodian for the purchase or sale of ETFs or
individually issued securities. We do not participate with the Custodian in any of these
additional fees.

Diversified Resources, LLC, while acting as a Registered Investment Adviser, does not earn
commission compensation for the sale of securities or other investment products, including
asset-based sales charges or service fees from the sale of mutual funds.

Portfolio management services through SEI Asset Management Program
SEI Investments Management Corporation (SEI) acts as a co-advisor, along with Diversified
Resources, LLC in the Managed Accounts, Tax-Controlled, Distribution-Focused Strategies (DFS),
Tactical ETF Strategies and Solicitor Model Programs. As Co-Advisor they are required to make
sure that Diversified Resources, LLC meets with the end investor annually to ensure that the
investments in these programs continue to be suitable for them.

SEI’s managed account solutions consists of specialist money managers managing individual
portfolios based on a specific investment style. Representing the full spectrum of asset classes
and styles, the managers provide stock selection expertise within their specific investment
style. For those portfolios of individually managed securities, SEI Investment Management
Corporation (SIMC) makes recommendations as to which manager will manage each asset class.
SIMC may recommend the termination or replacement of a money manager and the investor
has the option to move the account assets to another custodian or to change the manager as
recommended.

SEI is a co-advisor for these programs and there are additional program fees to participate
which are assessed by SEI. SIMC’s fees are a percentage of the daily market value of the Client’s
managed account portfolio assets. SIMC’s fees are calculated and payable quarterly in arrears.
This fee may be reduced by eligible breakpoints and fee waivers which are in whole or part
based on SIMC’s relationship with the firm. The maximum fee a client will pay to SEI is 1.25%.
All fees are disclosed prior to account application. Please see SIMC’s Form ADV Part 2A
Independent Advisor Solutions by SEI for a full disclosure of the fee schedule.

Financial Planning
In limited circumstances, when you wish to contract with us to do a financial or investment plan
with no consideration given by you to do any further implementation business with us, upon
your approval, we may contract with you to design the “plan.” Generally, our planning fee is
$225 per hour, or it may be a fixed fee, ranging between $250 and $3,000, depending on the

complexity of the plan.

Financial planning fees are due in advance; typically, a portion or the entire fee; however,
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Item 7: Types of Clients

We offer personalized portfolio management and financial planning services to individuals, high
net worth individuals, corporations, pension and profit-sharing plans, trusts, estates, charitable
organizations and other business entities. There is no stated minimum account size for opening
or maintaining an account. We reserve the right to recommend that you do not open an
account with us if we deem our platforms or management styles to be inappropriate for your
goals.