Ironwood Financial LLC

ITEM 5 – FEES AND COMPENSATION
5a: Fee Schedules

          Assets Under Management                                       Annual Fee %
          First $5,000,000                                              1.00%
          More than $5,000,000                                          Negotiable

In certain circumstances, fees may be negotiable. Ironwood generally requires a minimum account size of
$250,000 for its service. Ironwood, in its sole discretion, may reduce or waive its account minimums based
upon certain criteria (e.g., anticipated future earning capacity, anticipated future additional assets, familial
relationship, dollar amount of assets to be managed, related accounts, account composition, etc.).

The fee includes the time and activities necessary to work with your attorney and/or accountant in reaching
agreement on solutions, as well as assisting them in implementation of all appropriate documents. We are not
responsible for attorney or account fees charged to you as a result of the above activities, and any such fees are
separate from and in addition to Ironwood’s fees.

Compensation for our services will be calculated in accordance with what is set forth in the client’s agreement.
Fees are calculated based on asset values reported by Ironwood’s billing platform. We may modify the terms
of any agreement by written changes submitted to the client for signature. Lower fees for comparable services
may be available from other sources.

Fees for Retirement Plan Consulting engagements are negotiated on a case-by-case basis, depending on a variety
of subjective and objective factors, which may include, but are not necessarily limited to, the size of the plan,
the anticipated needs of the plan, the level and scope of overall services to be rendered, the number of plan
participants, and other factors. The agreed-upon fee arrangement will be set forth in a written agreement with
the plan.

Ironwood’s fees are negotiable at its discretion. Ironwood may charge a reduced advisory fee, or may enter into
alternative fee arrangements not discussed herein, based upon certain criteria (e.g., anticipated future earning
capacity, anticipated future additional assets, dollar amount of assets to be managed, related accounts, account
composition, prior fee schedules, competition, negotiations with client, etc.). As result of the above, similarly
situated clients could pay different fees. In addition, similar advisory services may be available from other
investment advisers for similar or lower fees.

5b: Fee Payments Options
Ironwood fees are paid from your account by the custodian when we submit an invoice to them. If there is
insufficient cash in your account to pay your fees, a corresponding balance of securities in your portfolio may
be sold to pay our fee. In addition to our fees, there may be custodial, mutual fund or similar third-party
management fees and charges.

5c: Third Party Fees
You are responsible for the payment of all third-party fees (i.e. custodian fees, mutual fund fees, transaction
fees, etc.). Those fees are separate and distinct from the fees we charge.

All brokerage commissions, stock transfer fees, and other similar charges incurred in connection with
transactions for the account will be paid out of the assets in the account and are in addition to the investment
management fees paid to us. It is your responsibility to ensure the amount of fee charged is correct. In addition
to statements sent by us, you will receive statements directly from these brokers, custodians or mutual funds or
other investments you hold. We strongly urge you to compare these statements for accuracy.

5d: Fee Payments
Ironwood’s fees are paid quarterly in advance, with payment due within 10 days from the date of the invoice.
Unless otherwise indicated in your Investment Advisory Agreement, our fee is determined by taking the
percentage rate we charge, times the market value of the account as of the first day of the billing period, divided
by the number of days in the year and multiplied by the number of days in the quarter. The market value is the
sum of the values of all assets in the account, as determined by our billing platform, not adjusted by any margin
debit. Fees for partial quarters at the commencement or termination of an Investment Advisory Agreement
will be billed or refunded on a pro-rated basis contingent on the number of days the account was open during
the quarter. No adjustments are made to Ironwood’s fee for account deposits and withdrawals made during the
course of a fee period, unless otherwise agreed with the client.

        5.d.1: Termination
        Either Ironwood or our clients can terminate our agreement upon receipt of written notice to the other
        party. When an agreement is terminated, we will refund any pre-paid, unearned fees based on the
        number of days remaining in the quarter after termination. Refunds will be made within 30 calendar
        days of the effective date of termination.

        When an agreement is terminated, all assets may need to be transferred from the current custodian.
        You will be responsible for paying all fees including any applicable custodial administrative fees,
        account closure fees, mutual fund fees, and all trading costs due to the termination. The custodian may
        assess additional fees for transfer of illiquid investments. If there is insufficient cash in the account, the
        liquidation of some securities may be used to pay the fees. Prior to termination of an agreement, we
        can provide a good-faith estimate of these fees.

5e: Securities Commission Transactions.
        Except as set forth in Item 10 regarding insurance activities, neither Ironwood nor its investment
        advisory representatives accepts compensation from the sale of securities or other investment
        products.

ITEM 7 – TYPES OF CLIENTS
Ironwood generally provides asset management and financial planning services to the following types of clients:

    •   Individuals
    •   High-Net-Worth Individuals
    •   Pension and Profit Sharing Plans
    •   Trusts
    •   Estates
    •   Charities

Ironwood generally requires a minimum account size of $250,000 for its service. Ironwood, in its sole discretion,
may reduce or waive its account minimums based upon certain criteria (e.g., anticipated future earning capacity,

anticipated future additional assets, familial relationship, dollar amount of assets to be managed, related
accounts, account composition, etc.).