May William Michael

Item 5 – Fees and Compensation

PORTFOLIO MANAGEMENT AND FINANCIAL PLANNING FEES

Fees for my services are charged as outlined below. The Client and May Capital
Management together select the method of compensation when the CLIENT AGREEMENT
is executed.

Portfolio management fees are billed as a percentage of total assets (including cash) under
management. The percentage rate used depends on the portfolio balance on the last day of
each quarter. The annual percentage rate begins at one percent for portfolios with less than
one million dollars. For portfolios with balances between one and two million dollars, the
annual fee is .75%. Portfolios with balances above two million dollars have a .50% annual
percentage rate applied. Because management fees are charged quarterly, the rate used for
calculating those fees is the annual percentage rate divided by four. The rate is applied to
the account balance on the last day of each quarter. Portfolio management fees are paid
quarterly in arrears either directly or through Client’s account custodian. If an investment
advisory contract is terminated midway through a given quarter, management fees will be
prorated. Fees are negotiable depending on individual portfolio circumstances, additional
services requested by the Client, etc.

Financial planning advisory services involve reviewing the Client’s financial affairs,
creating a written financial plan, aiding the Client in implementing agreed-upon
recommendations and providing ongoing monitoring of goals and objectives. Financial
planning services are billed out at 200.00 per hour. Financial planning fees are billed
monthly in arrears.

Some securities may have a transaction fee associated with their purchase at Charles
Schwab. May Capital Management does not receive any part of these fees or commissions.
Please see Item 12, Brokerage Practices.

Almost all mutual funds and exchange-traded funds have management fees associated with
them called expense ratios. These are fees that are charged by the fund company to
compensate the fund managers and pay the expenses of operating the fund itself. May
Capital Management does not receive any part of these fees.

Charles Schwab does not charge custodial fees (client does not pay a fee just for owning an
account). May Capital Management fees are never paid in advance.

May Capital Management offers no compensation for client referrals, and receives no
economic benefit from someone other than a client, for providing investment advice.

Item 7 – Types of Clients

May Capital Management provides portfolio management services to, high net worth
individuals, charitable organizations, high income professionals, and individuals
anticipating retirement. There is no minimum account size for portfolio management
services.