SLWA LLC

Item 5:       Fees and Compensation

      A.      Fees Charged

      Asset Management

      SLWA asset management fees generally range from 0.75% to 1.25% per annum of the net market value
      of a client’s account managed by SLWA. Clients may pay a different fee in each account dependent
      on the assets within that account. Fees are negotiable and may be higher or lower than this range, based
      on the nature of the account, and the origin of the client. Factors affecting fee percentages include the
      size of the account, complexity of asset structures, and any other unique factors that may exist. All
      clients, but especially those with smaller accounts, should be advised they may receive similar services
      from other professionals for higher or lower overall costs.

      Assets held away with private limited partnership will be billed at an annualized rate of 2.0%

      Financial Planning

For clients whose assets are managed by SLWA, the financial planning fee is generally included in the
asset management fee.

B.      Fee Payment

Asset Management:

For clients whose assets are managed by the firm, investment advisory fees will be debited directly
from each client’s account. The advisory fee is paid quarterly, in advance. For accounts held with our
recommended custodians, the value used for the fee calculation is the average daily balance of the
account for the previous quarter. The average daily balance is the sum of your balance on each day of
the previous quarter divided by the number of days during that quarter. This means that if your annual
fee is 1.00%, we will take the previous quarter’s average daily balance, multiply the value by 1.00%,
and then divide by the number of days in that calendar year and multiply that number by days in the
previous quarter to calculate our fee. For accounts held at other custodians, we will use the last day or
the prior period to determine the account value for billing purposes. The calculation will otherwise
remain the same. To the extent there is cash in your account, it will be included in the value for the
purpose of calculating fees only if the cash is part of an investment strategy. Once the calculation is
made, we will instruct your account custodian to deduct the fee from your account and remit it to
SLWA.

Clients whose fees are directly debited will provide written authorization to debit advisory fees from
their accounts held by a qualified custodian chosen by the client. SLWA is to invoice the qualified
custodian for fees. Each quarter, the client will receive a statement from their account custodian
showing all transactions in their account, including the fee. SLWA encourages clients to carefully
review the statements and confirmations sent to them by their custodian, and to compare the
information on reports prepared by SLWA against the information in the statements provided directly
from the custodian. Please alert SLWA of any discrepancies.

C.      Other Fees

There are a number of other fees that can be associated with holding and investing in securities. You
will be responsible for fees including transaction fees for the purchase or sale of a mutual fund or
Exchange Traded Fund, or the purchase or sale of a stock. Expenses of a fund will not be included in
management fees, as they are deducted from the value of the shares by the mutual fund manager. For
complete discussion of expenses related to each mutual fund, you should read a copy of the prospectus
issued by that fund. SLWA can provide or direct you to a copy of the prospectus for any fund that we
recommend to you.

Please make sure to read Item 12 of this informational brochure, where we discuss broker-dealer and
custodial issues.

D.      Pro-rata Fees

If a client becomes a client during a quarter, they will pay a management fee for the number of days left
in that quarter. This calculation is made using the end of quarter balance. If clients terminate the
relationship during a quarter, they will be entitled to a refund of any management fees for the remainder
of the quarter they may have prepaid. Once the notice of termination is received, SLWA will assess pro-
rated fees for the number of days between the end of the prior billing period and the date of termination
to be paid in whatever way clients direct (check, wire). SLWA will cease to perform services, including

      processing trades and distributions, upon termination. Assets not transferred from terminated accounts
      within 30 (thirty) days of termination may be “de-linked”, meaning they will no longer be visible to
      SLWA and will become a retail account with the custodian.

      E.      Compensation for the Sale of Securities.

      This item is not applicable.

Item 7:       Types of Clients

      Clients advised may include individuals, families, trusts, charitable organizations and foundations,
      businesses, and pension plans. SLWA does not impose a stated minimum fee or minimum portfolio
      value for starting or maintaining an investment advisory relationship.