Maryland Capital Advisors Inc

Item 5 – Fees and Compensation

A       We are a fee-only advisory firm, meaning we are compensated only by our clients and do not
        receive compensation or commissions from any other parties. We believe this method of
        compensation minimizes conflicts of interest that are common in the investment management
        industry.

        Compensation to us for our services will be calculated in accordance with fees set forth in
        Schedule A of the Investment Advisory Agreement (“IAA”) entered into with each client when we
        begin our professional relationship. We reserve the right to amend the Fees and the IAA itself

 MCA does not provide tax or accounting advice. This material has been prepared for informational purposes only,
and is not intended to provide, and should not be relied on for, tax or accounting advice. Always consult a tax
advisor before engaging in any transaction.

                          7 Chester Plaza, Chester, MD 21619  (410) 604-2741  www.marylandcap.com

    upon 30-days prior written notice to each client. The fee will be calculated quarterly, in advance,
    and will be equal to the agreed upon rate per annum divided by four. Fee adjustments will be
    made to reflect deposits in and withdrawals from the account (“capital flows”) during the previous
    quarter on a prorated basis.

                                        STANDARD FEE SCHEDULE

                 Assets Under            Annual         Aggregate Fee
                 Management               Fee        Percent    Dollars        Portfolio
                 First $1 Million        1.00%        1.00%    $10,000         $1 Million
                 Next $1 Million         0.85%        0.93%    $18,500         $2 Million
                 Next $1 Million         0.70%        0.85%    $25,500         $3 Million
                 Next $1 Million         0.55%        0.78%    $31,000         $4 Million
                 Next $1 Million         0.40%        0.70%    $35,000         $5 Million
                 Next $1 Million         0.30%        0.63%    $38,000         $6 Million
                 Next $1 Million         0.30%        0.59%    $41,000         $7 Million
                 Next $1 Million         0.30%        0.55%    $44,000         $8 Million
                 Next $1 Million         0.30%        0.52%    $47,000         $9 Million
                 Next $1 Million         0.30%        0.50%    $50,000         $10 Million
                 Next $1 Million         0.20%        0.47%    $52,000         $11 Million
                 Next $1 Million         0.20%        0.45%    $54,000         $12 Million
                 Next $1 Million         0.20%        0.43%    $56,000         $13 Million
                 Next $1 Million         0.20%        0.41%    $58,000         $14 Million
                 Next $1 Million         0.20%        0.40%    $60,000         $15 Million
                 Over $15 Million                   Negotiable                 $15+ Million

    For purposes of determining value, securities and other instruments held either at Charles Schwab
    & Co., Inc. (“Schwab”) or Fidelity Brokerage Services LLC (“Fidelity”) shall be valued at the price
    provided by Schwab, inclusive of accrued interest, where applicable. For accounts held away from
    Schwab or Fidelity, securities and other instruments shall be valued at the price provided by the
    firm holding those accounts. Notwithstanding the above, fees are generally negotiable.

    All fees incurred in connection with transactions for each account will be paid out of the assets in
    client accounts and are in addition to the investment management fees paid to us.

B   Our fees may be paid directly to us from the account by the custodian upon submission of an
    invoice to the independent custodian holding client assets showing the amount of fees, the value
    of the client’s assets on which the fees are based, and the specific manner in which the fees are
    calculated. Payment of fees may result in the liquidation of a client’s securities if there is
    insufficient cash in the account. We provide detailed billing invoices, but clients are responsible
    for verifying the accuracy of fee calculations.

C   Since our approach employs the use of lower-cost, passively-managed asset class strategies, our
    portfolios are not subject to the higher expenses of actively-managed funds, nor do they suffer
    from embedded marketing fees and/or sales charges that are commonplace in many retail-class
    mutual funds. However, even with utilizing these lower-cost investments, clients may be required
    to pay a proportionate share of any mutual fund’s fees/charges, and brokerage commissions, in
    addition to the fees we charge.

                    7 Chester Plaza, Chester, MD 21619  (410) 604-2741  www.marylandcap.com

D       The market value will be construed to equal the sum of the values of all assets in the account,
        adjusted by any margin debt. Fees for partial quarters at the commencement or termination of
        the IAA will be billed or refunded on a prorated basis contingent on the number of days the
        account was open during the quarter. Quarterly fee adjustments for additional assets received
        into the account during a quarter or for partial withdrawals will also be provided on the above
        prorated basis.

E       We are a fee-only investment advisory firm paid on a percentage of client assets managed or a
        flat fee. No supervised person associated with us receives or accepts any compensation for the
        sale of securities or investment products.

Rollover Recommendations

As part of our investment advisory services, we may recommend that Clients roll assets from employer
retirement plan accounts (Plan Accounts) to an individual retirement account (IRA) that we will manage
...

Item 7 – Types of Clients

We provide investment advice to the following types of clients:

    •   Individuals and families
    •   Retirement plans
    •   Corporations
    •   Trusts, estates or charitable organizations