Maimon Wealth Management Ltd

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or
more written agreements with the Advisor.

A. Fees for Advisory Services
Investment Management Services
Investment advisory fees are paid monthly, at the end of each month, pursuant to the terms of the investment
advisory agreement. Investment advisory fees are based on the average market value of assets under
management over the course of each month and are based on the following schedule:

                  Assets Under Management ($)                    Annual Rate (%)
                  Up to $1,500,000                                     1.00%
                  $1,500,001 to $5,000,000                             0.70%
                  $5,000,001 to $10,000,000                            0.60%
                  Over $10,000,000                                     0.50%
               * MWM generally requires a minimum fee of $10,000 that may be waived or negotiated at the sole discretion of the Advisor.

The investment advisory fee in the first month of service is prorated from the inception date of the account[s] to the
end of the first month. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into
consideration the aggregate assets under management with Advisor. All securities held in accounts managed by
MWM will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the Custodian’s
valuation to ensure accurate billing.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and
other related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the
Advisor shall not receive any portion of these commissions, fees, and costs.

Financial Planning Services
MWM offers financial planning services either on an hourly or fixed fee basis. Hourly fees start at $400 per hour.
Fixed fees are based on the hourly rate times the expected time to complete the engagement. Fees may be
negotiable based on the nature and complexity of the services to be provided and the overall relationship with the
Advisor. An estimate for total hours and total costs will be provided to the Client prior to engaging for these services.

B. Fee Billing
Investment Management Services
Investment advisory fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s] at
the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted
from the Client’s account[s] at the respective month-end date. The amount due is calculated by applying the daily
rate (annual rate divided by business days (~250) to the total average daily assets under management with MWM
at the end of each business day during the month. Clients will be provided with a statement, at least quarterly, from

                                                Maimon Wealth Management Ltd.
                                             Ehad Ha'Am 54B, Ra'anana, Israel 4321128
                                                     Phone: +972 54 696 6638
                                                  http://www.maimonwealth.com/

the Custodian reflecting deduction of the investment advisory fee. It is the responsibility of the Client to verify the
accuracy of these fees as listed on the Custodian’s brokerage statement as the Custodian does not assume this
responsibility. Clients provide written authorization permitting MWM to be paid directly from their account[s] held by
the Custodian as part of the investment advisory agreement and separate account forms provided by the
Custodian.

Financial Planning Services
Financial planning fees are invoiced by the Advisor and are due upon completion of the agreed upon deliverable[s].

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than MWM, in connection with
investments made on behalf of the Client’s account[s]. The Client is responsible for all custody and securities
execution fees charged by the Custodian. The fees charged by MWM are separate and distinct from these
custody and execution fees.

In addition, all fees paid to MWM for investment advisory services are separate and distinct from the expenses
charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are described
in each fund’s prospectus. These fees and expenses will generally be used to pay management fees for the
funds, other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a
possible distribution fee. A Client may be able to invest in these products directly, without the services of MWM,
but would not receive the services provided by MWM which are designed, among other things, to assist the
Client in determining which products or services are most appropriate for each Client’s financial situation and
objectives. Accordingly, the Client should review both the fees charged by the fund[s] and the fees charged by
MWM to fully understand the total fees to be paid. Please refer to Item 12 – Brokerage Practices for additional
information.

D. Advance Payment of Fees and Termination
Investment Management Services
MWM is compensated for its services at the end of the month after investment management services are rendered.
Either party may terminate the investment advisory agreement, at any time, by providing advance written notice to
the other party. The Client may also terminate the investment advisory agreement within five (5) business days of
signing the Advisor’s agreement at no cost to the Client. After the five-day period, the Client will incur charges for
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Item 7 – Types of Clients

MWM offers investment advisory services to individuals, high net worth individuals, trusts and estates. MWM
generally requires a minimum relationship size of $500,000 to effectively implement its investment process.
Additionally, the Advisor generally requires a minimum annual fee of $10,000, which may be waived or
negotiated at the sole discretion of the Advisor.