Quantitative Process LLC

Item 5 – Fees and Compensation

The specific manner in which fees are charged by Quantitative Process, LLC is established in a client’s
written agreement with Quantitative Process, LLC. Quantitative Process, LLC’s fees are exclusive of
brokerage commissions, transaction fees, recordkeeping, and other related costs and expenses which
shall be incurred by the client. Clients may incur certain charges imposed by custodians, brokers, third
party investment and other third parties such as fees charged by managers, custodial fees, deferred sales
charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and
taxes on brokerage accounts and securities transactions. Mutual funds and Exchange Traded Funds also
charge internal management fees, which are disclosed in a fund’s prospectus. Such charges, fees and
commissions are exclusive of and in addition to Quantitative Process, LLC’s fee, and Quantitative Process,
LLC shall not receive any portion of these commissions, fees, and costs.

Individual Clients/Trusts/Foundations/Endowments
As it pertains to individual accounts the Quantitative Process, LLC will assess up to a 1.0% annual fee on
assets under management. This fee is negotiable and will be based on the asset size, complexity and
magnitude of the advisory services. The fee is calculated and billed after the end of each calendar quarter,
and is calculated by multiplying one fourth of the fee by the asset value on the last day of the applicable
quarter. Deposits and withdrawals during the quarter are time-weighted. Investment advisory clients can
terminate the agreement at any time without penalty; however, a thirty-day notice is requested. Accounts
closed before the end of a calendar quarter will be assessed a pro-rata fee based upon the number of
days the account existed in that quarter. Fees are typically deducted directly from client accounts,
however, can be billed to the client.

Employer Sponsors of Qualified Retirement Plans
Employer sponsored retirement plans often use investment advisory services to monitor performance,
develop asset allocation models and help its participants determine suitability. Upon written agreement,
Quantitative Process, LLC will provide such oversight and assess up to a 1% annual fee on assets under
management. This fee is negotiable and is relative to the asset size, complexity and magnitude of the
advisory services. The fee is typically deducted from plan assets by the third party recordkeeping vendor
and remitted to Quantitative Process, LLC no more frequently than monthly. The fee can also be billed
directly to the plan sponsor upon their request. The timing and method of fee deduction can vary based
upon the third party recordkeeping platform being used. The details of the fee/billing deduction
methodology will be addressed in the client recordkeeping agreement. The retirement plan sponsor can
terminate its agreement with Quantitative Process, LLC at any time without penalty. Accounts closed
before the end of a calendar quarter will be assessed a pro-rata fee based upon the number of days the
account existed in that quarter.

For situations in which one-time or infrequent advisory service is requested, upon written agreement,
Quantitative Process, LLC will charge an hourly rate of up to $350 with a minimum fee of $500 per service.
The hourly rate is negotiable and is based upon the asset size, complexity and magnitude of the advisory
services. This agreement can be terminated at any time and the client will only be charged for the hours
incurred (with a minimum fee of $500). If the client terminates the agreement within the first 5 days, only
the time incurred providing bona fide advisory services will be charged and the $500 minimum is waived.

Your IAR will explain the specific costs associated with any investments recommended to you. You are
under no obligation to utilize the services of your IAR in the purchase or sales of insurance products through
his/her association with an insurance company. However, any transaction you may effect through your IAR
in conjunction with those relationships may result in the receipt of commissions and other compensation
in addition to any advisory fee that we charge.

Item 7 – Types of Clients

Quantitative Process, LLC provides investment advisory services to individuals, high net worth individuals,
employer sponsored pension and profit-sharing plans, charitable institutions, foundations, endowments
and trust programs.