Hunter Michael Investment Advisors Inc

Fees and Compensation
Investment consulting services are performed on a negotiated basis. The fee may be based on an hourly rate
not to exceed $ 350 per hour or a percentage of assets under management. The fee schedule will vary from
client to client but may not exceed 1.45 percent of the first $ 500,000, plus 1.35 percent of the next $ 250,000,
plus 1.25 percent of the next $ 250,000, plus 1.15 percent of the next $ 500,000, plus 1.00 percent of the next
$ 500,000 plus 0.85 percent of the excess over $ 2,000,000.

Fees are billed in arrears quarterly on the first day of January, April, July, and October and are based on the
aggregate value of the portfolio at the end of the previous calendar quarter. Fees may be deducted directly from
client accounts or billed to the client.

Investment Management Consulting Services may be terminated by the client upon 30 days’ written notice to the
Advisor. Pre-paid fees - - if any - - will be refunded to the client.

The Advisor’s fees do not include brokerage commissions, transaction fees, and other related costs and
expenses. Clients may incur charges imposed by custodians, third parties such as separate account managers,
and other fees and taxes on brokerage accounts and securities transactions. Mutual funds and exchange traded
funds also charge internal management fees, which are explained in a fund’s prospectus.

All such charges, fees and commissions are in addition to fees of Hunter Michael Investment Advisors, Inc. The
Advisor does not receive any portion of these commissions, fees, and costs for any advisory client unless the
arrangement is fully disclosed, and the revenue received used to offset advisory fees.

                    Performance-Based Fees and Side-By-Side Management
Performance-based fees and side by side management arrangements are not used by Hunter Michael
Investment Advisors, Inc., or its representatives.

Types of Clients
Hunter Michael Investment Advisors, Inc. provides investment management consulting services on behalf of
individuals, retirement plan trustees, and other fiduciaries. The Advisor assists with the management of personal
portfolios, as well as the fiduciary functions of managing corporate plans. Hunter Michael does not have any
requirements with respect to the size of a client’s account.

                 Methods of Analysis, Investment Strategies and Risk of Loss
Hunter Michael Investment Advisors, Inc. will recommend for a client’s account a range of generally accepted - -
widely used - - asset classes. The recommendation will be determined based on the outcome of the investment
planning process. The specific investment fund managers recommended directing the security management
function in each asset class are chosen based on several factors. The Advisor considers criteria such as
experience of the manager and investment firm, size of the firm and its depth, fees, investment performance, as
well as investment risk.

Investing involves the potential of incurring losses in an investment account. The investment risk of a client’s
account will approximate the level of risk of the markets and asset classes in which the account is invested.

Investment accounts are diversified across asset classes. In addition, client accounts are directed by
experienced investment professionals in a diversified investment vehicle -- mutual fund, separate account, and/or
exchange traded fund - - to manage the security selection process. These procedures are used to manage the
inherent risk of investing. However, these procedures do not eliminate investment risk, nor do they minimize the
possibility of incurring investment losses.