Sa Mason LLC

Item 5: Fees and Compensation

A. Fee Schedule

Investment Management Services Fees
           Total Assets Under Management                   Annual Fee

               $250,000 - $1,000,000                          1.00%
              $1,000,001 - $2,000,000                         0.75%
                 Above $2,000,000                             0.60%

All fees are subject to negotiation. The manner in which fees are charged by SAM is
established in each client’s written Investment Advisory Contract with SAM. The
agreed upon final fee schedule is attached as Exhibit II of the Investment Advisory
Contract. Fees are paid quarterly in arrears, and clients may terminate their contracts
with thirty days’ written notice. Because fees are charged in arrears, no refund policy is

necessary. Clients may terminate their accounts without penalty within 5 business days
of signing the advisory contract.

Clients may elect to be billed directly for fees or to authorize SAM to directly debit fees
from client accounts. Advisory fees are typically withdrawn directly from the client’s
custodial accounts Investment management fees shall not be prorated for each capital
contribution and withdrawal made during the applicable calendar quarter. Accounts
initiated or terminated during a calendar quarter will be charged a prorated fee.

Item 7: Types of Clients

SAM generally provides investment advice and/or management supervisory services to the
following Types of Clients:

          ❖ Individuals
          ❖ High-Net-Worth Individuals
          ❖ Trusts, Estates, or Charitable Organizations

      Minimum Account Size

      There is an account minimum, $250,000, which may be waived by the investment
      advisor, based on the needs of the client and the complexity of the situation.