Pivot Point Advisors LLC

5. Fees and Compensation

Asset Management
Asset management fees for relationships under $2 million are as follows:

    FIRST $500,000                                                                           1.50%
    NEXT $500,000                                                                            1.25%
    NEXT $any                                                                                1.00%

Asset management fees for relationships of $2 million and above are as follows:

    FIRST $2,000,000                                                                         1.00%
    NEXT $2,000,000                                                                          0.50%
    NEXT $any                                                                                0.30%

Charles Schwab & Company, Inc. (“Schwab”) provides custody of securities, collection and distribution of
interest and dividends, daily cash investment, and statements.

PPA provides portfolio reviews on a periodic basis. Some custodians charge fees for trade execution in
addition to PPA’s charges. These fees are generally below 0.25% of account assets per year and decrease
with account size. Some custodians charge transaction fees on some mutual funds, so that clients could
be paying more to purchase or sell these funds than if the Firm went directly to these fund families on
behalf of clients. To the extent that a client’s funds are invested in money market funds, mutual funds,
or ETFs, clients pay an additional fee to the fund manager that is separate from the investment
management fee paid to PPA for selecting and monitoring these investments. These fees to the fund
managers are internal expenses which are disclosed in the fund prospectus which is sent directly to the
client by the account custodian.

PPA charges asset management fees quarterly in advance by deducting the amounts directly from the
client account.

PPA charges or refunds fees if the client adds or withdraws funds from an account managed by PPA. In
the case of an addition, the advisory fee for the added amount shall be prorated according to period
from the date client deposits funds with PPA to the end of such quarter and shall be prorated according
to the proportion that such period bears to the full quarter (i.e., the ratio of calendar days in the period
from the deposit of funds to the end of the then current calendar quarter divided by the number of
calendar days in the quarter). In the case of a withdrawal of funds, the advisory fee refund is calculated
by prorating the advisory fee for the withdrawn amount from the date of the withdrawal to the end of
the quarter using the same methods as for additions. Any termination of this agreement before the end
of a quarter shall be treated as a full withdrawal as of the termination date for the purpose of
calculating prorated advisory fees. Partial quarter fee refunds will be treated as a credit to be applied to
the next quarter’s fee. Refunds shall be subject to a $100 minimum if the account is liquidated or closed.

The foregoing describes PPA’s basic fee schedule. Fees are negotiable in certain limited circumstances.
These arrangements with any client will vary.

Financial Planning
Financial Planning fees are payable after delivery of the services. PPA offers Financial Plans for $3900
and consulting services for $250/hour. Clients can terminate the existing agreement in writing at any
time.

Commissions and other Transaction-based Compensation
PPA receives no transaction-based compensation and no commission from any source.

7. Types of Clients
PPA’s clients primarily consist of individuals and small businesses. The minimum relationship size is
$250,000 for asset management. This minimum can be waived in certain circumstances. There is no
minimum account size or fee for PPA’s financial planning services.