GLR Partners LLC

Item 5 - Fees and Compensation

GLR Partners charges fees based on a percentage of assets under management and fixed fees, depending on
the particular types of services to be provided. The specific fees charged by GLR Partners for services
provided will be set forth in each client’s agreement.

     A. Financial Planning and Investment Management Services

Fees for Investment Management Services
GLR Partners charges an annual investment management services fee that is agreed upon with each client
and set forth in an agreement executed by GLR Partners and the client. The GLR Partners investment
management fee is based on a percentage of the value of assets under management and is generally paid
quarterly in advance. When a client’s account is opened, the GLR Partners investment management
services fee is billed for the remainder of the current quarterly billing period and is based on the client’s
initial contribution to the client account. Subsequent quarterly GLR Partners investment management
services fees will be based on the client’s account value as of the last business day of the previous calendar
quarter. For purposes of the GLR Partners investment management services fee calculation, GLR Partners
utilizes third-party sources, such as pricing services, custodians, fund administrators, and client-provided
sources. For purposes of fee calculation, the asset value of client accounts include cash and cash
equivalents, as well as margined securities. GLR Partners does not reduce management fees for margin
borrowing, regardless of whether the assets are in cash or other securities. GLR Partners has a financial
incentive to recommend that clients borrow money for the purchase of additional securities for the client’s
account managed by GLR Partners or otherwise not liquidate some or all the assets GLR Partners manages.
GLR Partners addresses this conflict of interest by this disclosure and working to ensure that any
recommendation to a client regarding the use of margin is suitable for the client.

Following is GLR Partners’ asset based fee schedule for investment management services:

                                                FEE SCHEDULE

                             Market Value of Assets                  Rate

                       Up to $500,000                                1.25%

                       $500,001 to $3,000,000                        1.00%

                       $3,000,000 to $10,000,000                     0.75%

                       Above $10,000,000                             0.50%

GLR Partners                                                                 Disclosure Brochure

                       The fee rate applies to the market value of assets within that range. As
                       an example for a client account with a market value of assets of
                       $3,000,000 – the first $500,000 of the client’s account will be subject to
                       a fee rate of 1.25% and the remaining assets will be subject to a fee rate
                       of 1%.

GLR Partners’ policy is to include all related client accounts, specifically the accounts of direct family
members sharing the same residence address, for purposes of determining a client’s market value of
assets.

Fees for Financial Planning and Consulting Services
Clients that are receiving financial planning services only are charged a fixed fee, with a minimum fee
amount of $1,500. A clients financial services planning fee may be greater than the minimum fee amount
depending upon the complexity of a client’s plan and services provided. For clients receiving ongoing
financial planning services the annual fee is charged quarterly in advance. For financial planning services
that are completed upon the delivery of the financial plan to the client, the fixed fee can be charged in
quarterly installments in advance, or otherwise in full upon delivery of the completed financial plan. Actual
fees charged are clearly outlined in the financial planning agreement and clients receive invoices reflecting
the amount of the fee due and payable.

Fees for Investment Management Services to Retirement Plans
Retirement plan advisory clients will be charged an asset based fee that ranges up to 0.75% per annum for
investment management services. Generally the investment management services fee is paid quarterly in
advance and will be based on the value of the plan assets as of the last day of the preceding quarter.
However, the time period and valuation criteria applicable for a plan client will be subject to variation
depending upon the policies and procedures of the plan client and the service providers to the plan client,
such as plan administrators.

Notwithstanding the foregoing, GLR Partners and the client may choose to negotiate an annual advisory
fee that varies from the schedules and ranges set forth above. Factors upon which a different annual
advisory fee may be based include, but are not limited to, the size and nature of the relationship, the
services rendered, the nature and complexity of the products and investments involved, time
commitments, and travel requirements. The investment management services fee charged by the Firm will
apply to all of the client’s assets under management, unless specifically excluded in the client agreement.
The investment management services fee may include the financial planning services described above.
Although GLR Partners believes that its fees are competitive, clients should understand that lower fees for
comparable services may be available from other sources and firms.

The investment advisory agreement between GLR Partners and the client may be terminated at will by
either GLR Partners or the client upon written notice. GLR Partners does not impose termination fees when
the client terminates the investment advisory relationship, except when agreed upon in advance.

     B. Payment of Fees
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Item 7 - Types of Clients

GLR Partners offers investment advisory services to individuals, including high net worth individuals, and
entities including, but not limited to, family offices, trusts, estates, private foundations, and qualified
retirement plans. GLR Partners does not impose a minimum portfolio size or a minimum initial investment
to open an investment management services account. For financial planning services clients, GLR Partners
requires a minimum fee of $1,500. However, GLR Partners does reserve the right to accept or decline a
potential client for any reason in its sole discretion.