Smartharvest Portfolios LLC

Item 5: Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for
services provided by SHPLLC. Each Client and/or Other Advisor engaging SHPLLC for
services described herein will be required to enter into a written sub-advisory agreement
between the Other Advisor and SHPLLC.

A. Fees for Advisory Services

Discretionary Investment Management Services
Sub-advisory fees for stand-alone investment management services are paid quarterly,
either in advance or in arrears of each calendar quarter, pursuant to the terms of the
advisory agreement or the sub-advisory agreement with the Other Advisor. Investment
advisory fees are based on the market value of assets under management at the end of the
prior quarter or using average daily balance if billed in arrears. Investment advisory fees,
for sub-advisory services, range from 0.05% to 0.2% annually based on several factors,
including: the scope and complexity of the services to be provided; the level of assets to

be managed; and the overall relationship with the Other Advisor. Relationships with
multiple objectives, specific reporting requirements, portfolio restrictions and other
complexities may be charged a higher fee.

The sub-advisory fee in the first quarter of service is prorated from the inception date of
the account[s] to the end of the first quarter and is based on the market value of assets
under management on the inception date if billed in advance. If billed in arrears, the
average daily balance method is used from the inception date. Fees may be negotiable at
the sole discretion of the SHPLLC. The Other Advisor’s fees will take into consideration
the aggregate assets under management with SHPLLC across all Client accounts, unless
otherwise agreed in writing. It is expected that all securities held in accounts managed by
SHPLLC will be independently valued by the Custodian. In the event market quotations
are not readily available for certain assets, SHPLLC will determine the fair market value
of such assets in good faith.

Clients and Other Advisors may make additions to and withdrawals from their account[s]
at any time, subject to SHPLLC’s right to terminate an account. Additions may be in cash
or securities provided that SHPLLC reserves the right to liquidate any transferred
securities or decline to accept particular securities into a Client’s account[s]. Clients may
withdraw account assets on notice to SHPLLC, subject to the usual and customary
securities settlement procedures. However, SHPLLC designs its portfolios as long-term
investments, and the withdrawal of assets may impair the achievement of Other Advisor’s
or Client’s investment objectives. SHPLLC may consult with the Other Advisors and/or
Clients about the options and ramifications of transferring securities. However, Other
Advisors and Clients are advised that when transferred securities are liquidated, they
may be subject to transaction fees, fees assessed at the mutual fund level (i.e., contingent
deferred sales charge) and/or tax ramifications.

B. Payment of Fees

Discretionary Investment Management Services
A Client’s overall fees will generally include the Other Advisor’s fees as well as SHPLLC’s
advisory fees. In certain instances, the Other Advisor may assume responsibility for
calculating a Client’s fees and deduct all fees from the Client’s account[s] and thereafter
remit SHPLLC its portion of the fees. In other instances, the Other Advisor and SHPLLC
will each assume the responsibility for calculating and deducting their respective fees
from a Client’s account[s].

When SHPLLC is responsible for calculating its fees, it will send an invoice to the
Custodian indicating the amount of the fees to be deducted from a Client’s account[s] in
advance of each quarter. if billing in advance, the amount due is calculated by applying
the quarterly rate (annual rate divided by 4) to the market value of assets under
management as of the end of the prior quarter. If billing in arrears, SPHLLC will use the
average daily balance method to calculate the amount of fees. Where applicable, Clients
provide written authorization permitting advisory fees to be deducted by SHPLLC to be

paid directly from their account[s] held by the Custodian as part of the advisory
agreement and separate account forms provided by the Custodian.

Clients will be provided with a statement, generally quarterly, from the Custodian
reflecting the deduction of the advisory fees.

C. Client Responsibility For Third Party Fees

Clients may incur certain fees or charges imposed by third parties, other than SHPLLC, in
connection with investments made on behalf of the Client’s account[s]. The Client is
responsible for all custody and securities execution fees charged by the Custodian, as
applicable. (For the sake of clarity, if a Client’s account participates in a wrap program
sponsored by the applicable Other Advisor, such Other Advisor would cover the custody
and securities execution fees on behalf of the Client.) SHPLLC’s recommended Custodian
does not charge securities transaction fees for ETF and equity trades in a Client’s account,
provided that the account meets the terms and conditions of the Custodian’s brokerage
requirements. However, the Custodian typically charges for mutual funds and other types
of investments. Additional fees charged may include margin interest, check fees, trade-
away fees, odd lot differentials, and other similar types of fees; mark-ups and mark-
downs, spreads paid to market makers, deferred sales charges, wire transfer fees,
electronic fund transfer fees, transfer taxes, and other fees and taxes on brokerage
accounts and securities transactions; and, if applicable, New Mexico gross receipts taxes.
The fees charged by SHPLLC are separate and distinct from these custody and execution
fees.

In addition, all fees paid to SHPLLC for investment advisory services are separate and
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Item 7: Types of Clients

SHPLLC offers advisory services to Other Advisors, who in turn provide advisory services to
individuals, high net worth individuals, families, trusts, estates, and businesses. SHPLLC
generally does not impose a minimum relationship size.