IMA Advisory Services Inc

Item 5 Fees and Compensation (continued)
of interest arises since IMA Private Wealth may have an economic disincentive to recommend that the
client terminate the use of margin.

Please Note: The use of margin can cause significant adverse financial consequences in the event of a
market correction.

Termination of Advisory Agreements
An Advisory Agreement may be terminated by us or the client for any reason upon written notice to the
other, as provided in the Advisory Agreement. If the Advisory Agreement is terminated, the client will
receive a full refund of any prepaid fees prorated based on the number of days the Advisory Agreement
was in effect during such calendar period, within 30 days. Any unpaid advisory fees owed to us will
become immediately due and payable upon termination of the Advisory Agreement.

After an Advisory Agreement has been terminated, the client will be charged commissions, sales
charges, and transaction, clearance, settlement, and custodial charges, at prevailing rates, by any
executing or carrying broker-dealer. The client will be responsible for monitoring all transactions and
assets and we will not have any obligation to monitor or make recommendations or take any further
action with respect to any account or assets.

Item 7 Types of Clients (continued)
In general, we require a minimum amount of $50,000 to open and maintain an advisory account or
enter into a financial planning agreement. This amount is negotiable at our discretion.

Third-Party Managers & Private Fund Services
Certain Third Party Managers or Private Funds may impose a higher minimum to open and maintain an
advisory relationship.