Roger Wittlin Investment Advisory LLC

Item 5 Fees and Compensation
Method of Compensation and Fee Schedule
ASSET MANAGEMENT
Wittlin Advisory offers direct asset management services to advisory Clients. Wittlin Advisory charges
an annual investment advisory fee based on complexity, individual Client needs, and partially on the
size of the investment pool being managed.

Wittlin Advisory charges an annual investment advisory fee based on the total assets under
management as follows:

Assets Under Management             Annual Fee      Quarterly
All Assets                          1.00%           .25%

The annual fee may be negotiable based upon certain criteria (e.g., historical relationship, type of
assets, anticipated future earning capacity, anticipated future additional assets, dollar amounts of
assets to be managed, related accounts, account composition, negotiations with Clients). Fees may
vary from the above.

Wittlin Advisory may also charge a flat annual fee.The annual fee may be negotiable based upon
certain criteria (e.g., historical relationship, type of assets, anticipated future earning capacity,
anticipated future additional assets, dollar amounts of assets to be managed, related accounts,
account composition, negotiations with Clients, etc.). Accounts within the same household may be
combined for a reduced fee. Fees may vary from above.

Fees are billed quarterly in arrears or advance based on the amount of assets managed as of the
close of business on the last business day of the previous quarter. Lower fees for comparable services
may be available from other sources. Typically, Clients may terminate their account within thirty (30)
business days of signing the Investment Advisory Agreement with no obligation and without penalty.
Termination periods may vary. Clients may terminate advisory services with thirty (30) days written
notice. Termination periods may vary. For accounts opened or closed mid-billing period, fees will be
prorated based on the days services are provided during the given period. All unearned fees will be
refunded to the Client. Client shall be given thirty (30) days prior written notice of any increase in fees.
Any increase in fees will be acknowledged in writing by both parties before any increase in said fees
occurs.

INVESTMENT ADVISORY AND CONSULTING SERVICES
Wittlin Advisory charges a negotiable fixed fee for Investment Advisory and Consulting Services. The
fee is based on the complexity and time estimated to meet the Clients specific needs and their overall
investment portfolio.

After the initial consultation, Wittlin Advisory will provide the Client with an estimated fee. Services are
based on an ongoing annual basis. The services will continue until the Client or Wittlin Advisory,
provides in writing to the other party, that they wish to discontinue Investment Advisory and Consulting
Services. Clients may terminate Investment Advisory and Consulting Services with thirty (30) days
written notice. Client may cancel within thirty (30) business days of signing Agreement with no
obligation and without penalty. If the Client cancels after thirty (30) business days, any unearned fees
will be refunded to the Client, or any unpaid earned fees will be due to Wittlin Advisory.

Investment Advisory and Consulting Services are offered based on an annual flat fee between $25,000
and $600,000. The initial fee will be collected due at the time of commencement of the Advisory
Agreement and all subsequent fees will be due quarterly in advance; as documented in the Advisory
Agreement. Service will continue until either party has provided in writing that they would like the
service to discontinue.

The annual consulting fee, which is paid quarterly, and cancellable with 30 days' notice is established
based on the complexity of the services needed by the client.

Client Payment of Fees
Investment management fees are billed quarterly in arrears or advance, depending on the Client
election. Fees are usually deducted from a designated Client account to facilitate billing. The Client
must consent in advance to direct debiting of their investment account.

Fees for Investment Advisory and Consulting Services will be due at the time of commencement of the
Advisory Agreement or due at the end of the first Quarter; as documented in the Advisory Agreement.
Thereafter, the fee will be collected on a Quarterly basis at the end of each quarter.

Wittlin Advisory, in its sole discretion, may waive its minimum fee and/or charge a lesser investment
advisory fee based upon certain criteria (e.g., historical relationship, type of assets, anticipated future
earning capacity, anticipated future additional assets, dollar amounts of assets to be managed, related
accounts, account composition, negotiations with Clients, etc.).

Additional Client Fees Charged
There are no additional charges to disclose from Wittlin Advisory; however Clients may be charged
additional fees and/or expenses by a third party which include, but are not limited to, custodial fees,
brokerage commissions, and transaction fees. Private funds which Wittlin Advisory recommends will
charge their own management fees and performance fees. All of these fees are paid by Clients in
addition to the management fees Clients pay to Wittlin Advisory on these investments. Wittlin Advisory
does not receive any portion of the fees which a third-party manager may charge.

Prepayment of Client Fees
Investment Advisory and Consulting Services may be collected during the commencement of the
Advisory Agreement.

If the Client cancels after five (5) business days, any unearned fees will be refunded to the Client, or
any unpaid earned fees will be due to Wittlin Advisory.

External Compensation for the Sale of Securities to Clients

Wittlin Advisory does not receive any external compensation for the sale of securities to Clients, nor do
any of the investment advisor representatives of Wittlin Advisory.

Item 7 Types of Clients
Description
Wittlin Advisory generally provides investment advice to Individuals, High Net Worth Individuals,
Families and Foundations. Client relationships vary in scope and length of service.

Account Minimums
In general, we require a minimum of $10,000,000 assets under management or a minimum fee of
$50,000 to open and maintain an advisory account, however these minimums may be waived or
reduced.