Mills Wealth Advisors LLC

Item 5 Fees and Compensation
  We are committed to fee transparency and doing what is in the best interests of our clients. As a
  result, we have determined that the best way to build trust and accommodate our clients' multiple
  needs is to offer pricing flexibility, so that our clients can choose the option that best fits their particular
  situation.

 Fee Options
 We charge the following types of fees which clients may elect based on the services provided:

      •   Fixed fees for broad-based financial planning services;
      •   Fees based upon assets under management for asset management services;
      •   Hourly or fixed fees for specific projects;
      •   For "qualified clients", a performance based fee on the percentage of the profits generated.
          See Section 6: Performance-based Fees and Side-by-side management for more.

Our employees and their families accounts may be charged a reduced fee, or no fee, for our services.
MWA agrees, in writing, to serve as a fiduciary as defined under the Employee Retirement Income
Security Act of 1974, as amended (“ERISA”), solely with respect to the investment services
provided to plans which are subject to ERISA. In such cases, the client’s advisory fee provided
under the respective investment advisory services agreement will be specified in dollars or as a
percentage of plan assets at the commencement of the client engagement.

Business Planning Fees
Our fee for business planning services is calculated on an annual basis starting at $6,000 with a
maximum of $24,000, which is subject to change based upon complexity of the Client’s financial situation
as it relates to the Client’s business(es). This annual fee will be prorated on a calendar-year basis and
are payable monthly or quarterly. Client agrees to pay MWA a non-refundable deposit of $1,500 for the
initial written plan to be delivered at the first Client-Advisor meeting. Once all Client files requested by
MWA have been reviewed for complexity, a revised annual fee may be applied, if an increase is deemed
appropriate. If Client engages MWA as their Advisor for Business Planning Services, the remainder of the
adjusted prorated fee, as agreed upon by the client, will be paid to MWA over the remaining months of
the current calendar year. MWA retains the right to negotiate fees.

Financial Planning Fees
Our fee for financial planning services ranges from $3,000 - $10,000. One-half of our fee for the initial
written financial plan will be due upon execution of your written agreement with us, with the remainder
of the fee due upon completion of the initial plan. The fee is based on complexity and could be less in
certain situations. Additional engagements or revisions to the financial plan will be billed under our
consulting services at an hourly range from $300-$500 and is payable upon completion of services
rendered. Before we begin any additional work, we will provide an estimate of time and get prior
approval to begin work.

Asset Under Management Fees
For Asset Management Services, we charge an annual fee based on the market value of your assets
under our management or advisement.* The fees range is 0.5% to 1.5% of the assets we manage. Fees
are negotiable and based on scope of work, investment advice, services provided, size and complexity of
account(s).

*Existing clients of the firm may pay different fees than those stated.

All accounts inside a family household will make up a client’s Assets Under Management and the
combined value dictates what the client will be billed at. For example, if a husband and wife have
$1.5M each, they will be billed as though they have $3M, which will result in a lower household fee
than if they were billed separately. The definition of household for billing purposes is relation by
blood or marriage, family members living under the same roof and/or hierarchy (grandparents,
parents, children, grandchildren).

Fees are billed and payable quarterly in advance based on the value of the accounts on the last day
of the previous quarter. If the investment advisory agreement is executed at any time other than the
first day of a calendar quarter, our fees will apply on a pro rata basis, which means that the advisory
fee is payable in proportion to the number of days in the quarter for which you are a client. Our
advisory fee is negotiable, depending on individual client circumstances. If an alternate fee method is
used, it will be equal to or lower than the fee schedule listed above.

Consulting Services
In circumstances where very specific situations develop that may call for an unknown amount of time
or in a situation that is limited in scope, we may charge negotiable hourly fees from $300 - $500 per
hour to be billed no less than quarterly or as services are provided. Should the written advisory
agreement for these services be terminated, you will be provided a refund of any portion of the hourly
fee paid which we have not earned.
In the event we recommend an alternative investment that does not have ascertainable market value,
we will use the tax basis to evaluate the investment. We charge clients a fixed fee for conducing due
diligence and monitoring of the investment. Fees and fee-paying arrangements for such services will
be determined on a case by case basis.

MWA or its associated persons can also invest in the same investments as clients. This is disclosed in
the agreement between the client and MWA.

MWA believes in transparent advice. As a client centered advisor; our client’s goals are our primary
objective. Any products or strategies MWA uses or recommends to clients is done so in an effort to
accomplish those objectives. In limited situations, when MWA can gain concessions from targeted
investments that may help us monetize a dislocated market or provide additional diversification to our
CORE+ portfolios, MWA may receive fees or sub-advisory compensation. Such compensation will be
...

Item 7 Types of Clients
We offer investment advisory services to individuals including high net worth individuals, pension and
profit-sharing plans, trusts, estates, charitable organizations, corporations, and other business entities.
Our clients are primarily executives and business owners and their families that are either planning for
retirement or already retired. Many clients begin their relationship with our firm when they are
approaching a transition event like retirement, selling a large asset, changing jobs, starting a new
business, exercising company stock, or managing the divorce process.

We also provide investment advisory services to the Mills Equity Fund II, LP, an investment
partnership described above in the Section 4: Advisory Business. Investments in the Fund are only
suitable for certain qualified clients and offered only by private placement memorandum and other
offering documents. The investment partnership is closed to new investors.

In general, for asset management services, we require a minimum account size of $500,000 and a net
worth of $1,000,000. At our discretion, we may waive these minimums. For example, we may waive
the minimum if you appear to have significant potential for increasing your assets under our
management. We may also combine account values for you and your minor children, joint accounts
with your spouse, and other types of related accounts to meet the stated minimum. Pre-existing
advisory clients are subject to the terms and conditions that were in effect per the client’s most recent
advisory agreement. Therefore, minimum account requirements and management fee rates may differ
among clients.

As noted, MWA is considered a fiduciary under ERISA, with respect to any applicable investment
advisory services we provide to our pension plan clients or individual retirement accounts to the
extent that such advice is considered to be fiduciary in nature under ERISA and applicable
Department of Labor regulations.

When MWA provides investment advice to you regarding your retirement plan account or
individual retirement account, we are fiduciaries within the meaning of Title I of the Employee
Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws
governing retirement accounts. The way we make money creates some conflicts with your
interests, so we operate under a special rule that requires us to act in your best interest and not
put our interest ahead of yours. Under this special rule’s provisions, we must:
     • Meet a professional standard of care when making investment recommendations (give
       prudent advice);
     • Never put our financial interests ahead of yours when making recommendations (give loyal
       advice);
     • Avoid misleading statements about conflicts of interest, fees, and investments;
     • Follow policies and procedures designed to ensure that we give advice that is in your best
       interest;
     • Charge is no more than reasonable for our services; and
     • Give you basic information about conflicts of interest.