Maclendon Wealth Management LLC

Item 5 Fees and Compensation
MWM offers its services on a fee basis, which may include fixed fees, as well as fees based upon
assets under management. Certain of MWM's Supervised Persons, in their individual capacities, may
offer insurance products under a commission arrangement.

Financial Planning and Consulting Fees
As part of its Investment Management services, MWM provides financial planning services. MWM
does not offer financial planning as a stand-alone service nor does it charge a separate fee for
financial planning services.

Investment Management Fee
MWM provides investment management services for an annual fee based upon a percentage of the
market value of the assets being managed by MWM. MWM's annual fee is exclusive of, and in addition
to brokerage commissions, transaction fees, and other related costs and expenses which are incurred
by the client. MWM does not, however, receive any portion of these commissions, fees, and costs.
New clients are billed as assets are deposited for the first two quarters. Thereafter, MWM's annual fee
is prorated and charged quarterly, in advance, based upon the market value of the assets being
managed by MWM on the last day of the previous quarter. Adjustments will be made for deposits and
withdrawals in excess of $500,000 during the quarter. The annual fee varies (between 0.90% and
2.00%) depending upon the market value of the assets under management and the type of investment
management services to be rendered.

MWM, in its sole discretion, may negotiate to charge a lesser management fee based upon certain
criteria (i.e., anticipated future earning capacity, anticipated future additional assets, dollar amount of
assets to be managed, related accounts, account composition, pre-existing client, account retention,
pro bono activities, etc.).

Fees Charged by Financial Institutions
As further discussed in response to Item 12 (below), MWM generally recommends that clients utilize
the brokerage and clearing services of Charles Schwab & Co., Inc. ("Schwab") for investment
management accounts. Charles Schwab & Co., Inc is an unaffiliated SEC-registered broker-dealer and
member SIPC.

MWM may only implement its investment management recommendations after the client has arranged
for and furnished MWM with all information and authorization regarding accounts with appropriate
financial institutions. Financial institutions include, but are not limited to, Schwab, any other broker-
dealer recommended by MWM, broker-dealer directed by the client, trust companies, banks, etc.
(collectively referred to herein as the "Financial Institutions").

Clients may incur certain charges imposed by the Financial Institutions and other third parties such as
custodial fees, charges imposed directly by a mutual fund or ETF in the account, which are disclosed
in the fund's prospectus (e.g., fund management fees and other fund expenses), deferred sales
charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and
taxes on brokerage accounts and securities transactions. Such charges, fees and commissions are
exclusive of and in addition to MWM's fee.

MWM's Agreement and the separate agreement with any Financial Institutions may authorize MWM to
debit the client's account for the amount of MWM's fee and to directly remit that management fee to
MWM. Any Financial Institutions recommended by MWM have agreed to send a statement to the
client, at least quarterly, indicating all amounts disbursed from the account including the amount of
management fees paid directly to MWM.

Fees for Management During Partial Quarters of Service
For the initial period of investment management services, the fees are calculated on a pro rata basis.

The Agreement between MWM and the client will continue in effect until terminated by either party
upon written notice pursuant to the terms of the Agreement. MWM's fees are prorated through the date
of termination and any remaining balance is charged or refunded to the client, as appropriate.

Clients may make additions to and withdrawals from their account at any time, subject to MWM's right
to terminate an account. Additions may be in cash or securities provided that MWM reserves the right
to liquidate any transferred securities or decline to accept particular securities into a client's account.
Clients may withdraw account assets on notice to MWM, subject to the usual and customary securities
settlement procedures. However, MWM designs its portfolios as long-term investments and the
withdrawal of assets may impair the achievement of a client's investment objectives. MWM may
consult with its clients about the options and ramifications of transferring securities. However, clients
are advised that when transferred securities are liquidated, they are subject to transaction fees, fees
assessed at the mutual fund level (i.e. contingent deferred sales charge) and/or tax ramifications.

Adjustments will be made for singular transactions (deposits / withdrawals) in excess of $500,000
during the quarter between non-qualified asset accounts and external accounts.

Compensation for the Sale of Securities Products or Other Investment Products
Persons providing investment advice on behalf of MWM may also be registered representative with
APW Capital Inc. ("APW"), an unaffiliated securities broker-dealer, member FINRA/SIPC. In their
capacities as registered representative, these persons may receive commission-based compensation
in connection with the purchase and sale of securities. Compensation earned in the capacity
as registered representative with APW is separate and in addition to MWM's advisory fees. This
practice presents a conflict of interest because these persons may have an incentive to effect
securities transactions for the purpose of generating commissions rather than solely based on your
needs. However, you are under no obligation, contractually or otherwise, to purchase securities or
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Item 7 Types of Clients
MWM provides its services to individuals, high net-worth individuals, trusts, estates, corporations and
business entities.

Account Minimums
In general, we do not require a minimum dollar amount to open and maintain an advisory account;
however, we have the right to terminate your account if it falls below a minimum size which, in our sole
opinion, is too small to manage effectively.