Erguz LLC

Item 5 – Fees and Compensation

A.     Fee Schedule
ASSET MANAGEMENT
Erguz offers asset management services to advisory Clients. Erguz charges an annual investment
advisory fee based on the total assets under management as follows:

              Assets Under Management                               Annual Fee

                    $0 - $10,000,000                               1.00%-.50%%

                   Over $10,000,000                                 .50%-.05%

This is a tiered or breakpoint fee schedule, meaning the entire account is charged the same
management fee. The annual fee is negotiable based upon certain criteria (e.g., historical relationship,
type of assets, anticipated future earning capacity, anticipated future additional assets, dollar
amounts of assets to be managed, related accounts, account composition, negotiations with Clients,
etc.). Fees are billed quarterly in arrears based on the amount of assets managed as of the close of
business on the last business day of the previous billing period. If margin is utilized, the fees will be
billed based on the net asset value of the account. Lastly, please note that Erguz may group certain
related Client accounts, often known as “householding”, for the purposes of achieving the minimum
account size and determining the annualized fee.

SUB-ADVISORY SERVICES FEES
Fees will be charged on the total assets under management that the third-party unaffiliated
investment advisor brings to Erguz. Erguz is compensated directly by the third-party unaffiliated
investment advisor with a portion of their investment management fee, as per the duly executed Sub-
Advisory services agreement. Third party unaffiliated investment advisor who engage Erguz as a Sub-
Advisor shall be responsible for billing their Clients and collecting all fees.

All fees are withdrawn from the Client’s account unless otherwise noted. TPM will receive written
authorization from the Client to deduct advisory fees from their account held by a qualified custodian.
TPM will pay Erguz their portion of the fees. Erguz does not have access to deduct Client fees.

B.      Payment of Fees
Asset Management Fees may be deducted directly from the Client’s Account. For fees to be deducted
directly from Client’s account, clients must provide their respective custodian with written
authorization to have the fees deducted from the account and paid to the Advisor. This is typically
done via a Letter of Authorization (LOA). Clients may also pay fees directly to Erguz via check or other
method. All clients receive a billing statement/invoice from Erguz.

Sub-Advisor Fees are typically remitted to Erguz from the non-affiliated investment advisor but there
may be instances where they are deducted directly from the client’s account utilizing a letter of
authorization (LOA).

Erguz, in its sole discretion, may charge a lesser investment advisory fee based upon certain criteria
(e.g., historical relationship, type of assets, anticipated future earning capacity, anticipated future
additional assets, dollar amounts of assets to be managed, related accounts, account composition,
negotiations with Clients, etc.).

For all services, Clients may terminate their engagement with Erguz within five (5) business days of
signing an Agreement with no obligation and without penalty. After the initial (5) business days, the
Agreement may be terminated by Erguz with thirty (30) days written notice to Client and by the
Client at any time with written notice to Erguz. For accounts opened or closed mid-billing period, fees
will be prorated based on the day’s services are provided during the given period. All unpaid earned
fees will be due to Erguz. Additionally, all unearned fees will be refunded to the Client. Any increase
in fees will be acknowledged in writing by both parties before any increase in said fees occurs.

C.      Additional Fees
Custodians may charge brokerage commissions, transaction fees, and other related costs on the
purchases or sales of mutual funds, equities, bonds, options, margin interest, and exchange-traded
funds. Mutual funds, money market funds, and exchange-traded funds may also charge internal
management fees, which are disclosed in the fund’s prospectus. Erguz does not receive any
compensation from these fees. All of these fees are in addition to the management fee you pay to
Erguz. For more details on the brokerage practices, see Item 12 of this brochure.

D.      Prepayment of Fees
Erguz does not expect Clients to prepay fees.

E.     External Compensation for the Sale of Securities
Erguz does not receive any external compensation from the sale of securities.

Item 7 – Types of Clients & Account Minimums

Erguz’s Clients are generally high net-worth individuals. Client relationships vary in scope and length
of service.

Erguz requires a minimum account size of $1,000,000 to enter into an Advisory Agreement. However,
Erguz retains the discretion to lower or waive said minimum.