Purkiss Capital Advisors LLC

Item 5: Fees and Compensation

Purkiss Capital offers its services on a fee basis, which may include hourly and/or fixed fees as well
as fees based upon assets under management.

Compensation - Advisory Services

Investment Management Services Fees
In the event the client determines to engage Purkiss Capital to provide investment management
services, Purkiss Capital does so on a fee basis. Purkiss Capital charges an annual fee based upon a
percentage of a daily average value of the assets under management for each quarter. Purkiss
Capital’s annual fee is exclusive of, and in addition to brokerage commissions, transactions fees,
and other related costs and expenses which are incurred by the client. However, Purkiss Capital
does not receive any portion of these commissions, fees, and costs. Purkiss Capital’s annual fee is
prorated and charged quarterly in arrears. The annual fee varies depending upon the market value
of the assets under management of the client as follows:

                                   Portfolio Value              Base Fee
                                  Up to $2,000,000               1.00%
                              $2,000,001 to $5,000,000           0.80%
                              $5,000,001 to $10,000,000          0.65%
                              Greater than $10,000,000           0.50%

Purkiss Capital, in its sole discretion, may negotiate to charge a lesser management fee based upon
certain criteria (i.e., anticipated future earning capacity, anticipated future additional assets, dollar
amount of assets to be managed, related accounts, account composition, pre-existing client,
account retention, pro bono activities, etc.).

Financial Planning Services Fees
As noted in Item 4, Purkiss Capital does not typically charge a separate fee for financial planning
services.

However, in limited circumstances, Purkiss Capital may provide services on an hourly or plan-
specific basis. Hourly fees will be billed at $200/hour. Fees are payable in arrears.

Account Aggregation Services Fees
The maximum fee for account aggregation services is 0.25% of the assets in the Outside Accounts
(i.e., those accounts not managed by Purkiss Capital on the Fidelity platform). The fee for account
aggregation services will be deducted directly from one of the client’s discretionary accounts
managed by Purkiss Capital. Fees are billed quarterly in arrears.

Consulting Services
Consulting fees for the review of a client’s individual or household portfolio will be $800 as
indicated in the consulting agreement. As noted in Item 4, should the individual or household

become client of Purkiss Capital in accordance with the Investment Management Agreement, any
fees associated with this service will be waived. All fees are payable in arrears.

Other Investment Advisors
Purkiss Capital does not share fees with sub advisory service providers. PCA and sub advisors enter
into two types of fee arrangements: (1) sub advisors bill Purkiss Capital directly based upon agreed
terms or (2) sub advisors bill clients directly, quarterly in arrears against the client assets for which
they provide services. This is in addition to the separate management fee charged by Purkiss
Capital. In both cases, the amount charged by sub advisors ranges between 0.25% and 0.75% of
the assets under sub advisory services.

Payment Method
Purkiss Capital’s investment advisory agreement and the separate agreement with any Financial
Institutions may authorize Purkiss Capital to debit the client’s account for Purkiss Capital’s fee and
to directly remit that management fee to Purkiss Capital. Any Financial Institution recommended
by Purkiss Capital have agreed to send a statement to the client, at least quarterly, indicating all
amounts disbursed from the account including the amount of management fees paid directly to
Purkiss Capital. Financial planning only clients will be billed in arrears and may pay the invoice by
check.

Cash Balances
Some of your assets may be held as cash equivalents (e.g., money market fund shares or other
liquid, short term vehicles). Holding a portion of your assets in cash equivalents supports (as
applicable): your desire to have an allocation to cash as an asset class; a phased market entrance
strategy; transaction execution; upcoming withdrawal needs or fee payments; or asset protection
during periods of volatile market conditions. Please note that your cash equivalents are included in
the calculation of your portfolio assets under management. You may experience negative
performance on the cash portion of your portfolio if the investment advisory fees charged are
higher than the returns you receive from your cash.

Retirement Plan Rollover Recommendations
As part of our investment advisory services to our clients, we may recommend that clients roll
assets from their employer’s retirement plan, such as a 401(k), 457, or ERISA 403(b) account
(collectively, a “Plan Account”), to an individual retirement account, such as a SIMPLE IRA, SEP IRA,
Traditional IRA, or Roth IRA (collectively, an “IRA Account”) that we will advise on the client’s
behalf. We may also recommend rollovers from IRA Accounts to Plan Accounts, from Plan
Accounts to Plan Accounts, and from IRA Accounts to IRA Accounts.

If the client elects to roll the assets to an IRA that is subject to our advisement, we will charge the
client an asset-based fee as set forth in the advisory agreement the client executed with our firm.
This creates a conflict of interest because it creates a financial incentive for our firm to
recommend the rollover to the client (i.e., receipt of additional fee-based compensation). Clients
are under no obligation, contractually or otherwise, to complete the rollover. Moreover, if clients
do complete the rollover, clients are under no obligation to have the assets in an IRA advised on by
our firm. Due to the foregoing conflict of interest, when we make rollover recommendations, we
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Types of Clients
Purkiss Capital provides its services to individuals, including high net worth individuals. The firm
may also provide services to pension and profit-sharing plans, trusts, estates, charitable
organizations, corporations and business entities.

Account Minimums
There is no minimum account size requirement for opening or maintaining an account with Purkiss
Capital.