SFM LLC

Item 5: Fees and Compensation
 Please refer to the discussion about our fees under Item 4.

SFM, LLC                                      Part 2 A                            CRD Number 116564
                                             (Brochure)

 Cancellation and Termination of Agreements
 You may cancel a new advisory agreement without penalty by providing written notice of such
 cancellation to us within five (5) business days of the date of signing the agreement. Thereafter,
 either party may terminate the agreement without penalty upon notice in writing to the other
 party. Upon termination of any account, any prepaid, unearned fees will be promptly refunded,
 with the refund calculations based pro rata to the date of termination. Termination of an
 agreement will not affect: (a) the validity of any action previously taken by us under the
 agreement; liabilities or obligations of the parties from transactions initiated before termination
 of the agreement; or your obligation to pay advisor fees (prorated through the date of
 termination). Upon the termination of the agreement, we will not possess any obligation to
 recommend or take any action with regard to the securities, cash, or other investments in your
 account.

Item 7: Types of Clients and Minimum Account Size
 We provide investment advice primarily to individuals and their families, including high net
 worth individuals, and trusts.

 We also may provide investment advice to pension and profit-sharing plans and plan
 participants as well as nonprofit foundations and other institutions, and to business entities.

 Our cumulative minimum account requirement for opening and maintaining an account is
 $500,000. However, based on facts and circumstances we may, at our sole discretion, accept
 accounts with a lower value.