Salvus Wealth Management LLC

Item 5          Fees and Compensation

A. INVESTMENT ADVISORY SERVICES
   Clients can engage Salvus on a negotiable fee basis to provide discretionary and/or non-discretionary
   investment advisory services including general financial planning and consulting services. Salvus’
   annual investment advisory fee is based upon a percentage (%) of the market value (including accrued
   earnings) of assets placed under Salvus’ management, generally between 0.50% and 1.50% on a tiered
   basis as follows:

    Market Value of Portfolio                                      Annual Fee % *
    Assets between $0 and $250,000                                 1.50%
    Assets between $250,001 and $3,000,000                         1.00%*
    Additional Assets between $3,000,001 and $5,000,000            0.75%
    Additional Assets above $5,000,000                             0.50%
    * Subject to the terms and conditions of the applicable Agreement: Clients maintaining assets between
    $250,001 and $3,000,000 under Salvus’ management will generally only be charged 1.00% for the
    value of all such assets under management, instead of 1.50% of the value of assets between $0 and
    $250,000 and 1.00% of the value of assets between $250,001 and $3,000,000. All other investment
    advisory fees will generally be applied on a tiered basis as described above, with applicable advisory
    fees being calculated at each respective tier.

    As another exception to the above fee schedule, Salvus charges an investment advisory fee equal to
    0.25% of the total assets invested in the Capital Preservation strategy. Although Salvus will allocate
    client assets consistent with the client’s designated investment objective, the fact that Salvus earns a
    higher fee for management of securities (e.g., individual equity, mutual funds, and ETFs) outside the

    securities used for the Capital Preservation strategy presents a conflict of interest, because Salvus could
    have an economic incentive to allocate more assets to those types of securities from which it will earn
    a higher advisory fee. To mitigate this conflict, Salvus will not transfer funds previously invested in the
    Capital Preservation strategy to another strategy for which the client would pay an increased fee without
    receiving the client’s prior consent to the change.

    Unless Salvus expressly agrees otherwise in writing, account assets consisting of cash and cash
    equivalent positions are included in the value of an account’s assets for purposes of calculating Salvus’
    advisory fee. Clients can advise Salvus not to maintain (or to limit the amount of) cash or cash
    equivalent positions in their account. Salvus may agree in its sole discretion to group related client
    accounts together to reduce the overall annual fee, or otherwise agree to reduce the annual fees
    described above depending upon objective and subjective factors, including but not limited to: the
    amount of assets to be managed; portfolio composition; the scope and complexity of the engagement;
    the anticipated number of meetings and servicing needs; related accounts; future earning capacity;
    anticipated future additional assets; the professionals rendering the services; prior relationships with
    Salvus and its representatives, and negotiations with the client. As a result of these factors, similarly
    situated clients could pay different fees, the services to be provided by Salvus to any particular client
    could be available from other advisers at lower fees, and certain clients may have fees different than
    those specifically set forth above.

    To the extent that client assets are allocated to one or more sub-advisers or Independent Managers, the
    investment management fee paid to such sub-advisers or Independent Managers generally ranges
    between 0.25% and 0.65% of the value of assets allocated to such sub-advisers or Independent
    Managers. The investment management fee paid by the client to the sub-adviser or Independent is
    disclosed to the client before sub-adviser or Independent Manager is engaged; and is separate from, and
    in addition to, Salvus’ advisory fee as set forth above. In some cases, Salvus may be responsible for
    directing the applicable account custodian to deduct the sub-adviser or Independent Manager’s fee, and
    for remitting that fee to the sub-adviser or Independent Manager. In those cases, Salvus will cause the
    custodian to automatically increase the investment advisory fee billed to clients to compensate for the
    sub-adviser’s or Independent Manager’s fee, but Salvus will not receive any portion of such fees as its
    own compensation.

    FINANCIAL PLANNING AND CONSULTING SERVICES (STAND-ALONE)
    Salvus may determine to provide financial planning and/or consulting services (including investment
    and non-investment related matters, including estate planning, insurance planning, etc.) on a stand-
    alone fee basis. Salvus’ financial planning and consulting fees are non-negotiable and generally range
    from $200 to $400 on an hourly rate basis, depending upon the level and scope of the services required
    and the professionals rendering the services.

    RETIREMENT PLAN CONSULTING SERVICES
    Salvus also provides non-discretionary retirement plan consulting services, pursuant to which it assists
    sponsors of self-directed retirement plans and defined benefit plans with the selection and/or monitoring
    of investment alternatives (generally open-end mutual funds) from which plan participants choose in
    self-directing the investments for their individual plan retirement accounts. The terms and conditions
    of the engagement are set forth in a Retirement Plan Services Agreement between Salvus and the plan
    sponsor. Salvus charges an annual fee for non-discretionary retirement plan consulting services which
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Item 7           Types of Clients

    Salvus’ clients generally include individuals, high net worth individuals, pension & profit sharing plans,
    trusts, estates, corporations, or other businesses. Salvus does not impose a formal minimum account
    size or minimum fee requirement to provide investment advisory services.