Southland Equity Partners LLC

Item 5. Fees and Compensation.
        A. Financial Planning Fees

        Financial planning services are charged through a fixed fee, hourly fee, or asset-based
        arrangement as we agree. Fees are negotiable and vary depending upon the complexity of your
        situation and services you choose to be provided. Similar financial planning services may be
        available to you elsewhere for a lower cost.

        Generally, fixed fees range from $500 to $10,000 per project. Hourly fees range from $50 - $300
        per hour. An estimate for total hours is determined at the start of the advisory relationship. You are
        billed directly for these services and may pay by check or credit card. Fixed fees may be discounted
        if paid annually in advance. Asset-Based fees vary but may not exceed 2.25%.

        The financial planning fee is due and payable either in advance, in increments during the planning
        process, or after completion of the plan, as we agree. The financial plan will be presented to you
        within a mutually agreed upon timeframe, provided you have promptly provided all information
        needed to prepare the financial plan. If you wish to terminate the planning process prior to
        completion, you may do so with written notice. Upon receipt of written notification, we will return a
        prorated amount of any prepaid fee based upon the amount of work completed prior to notification.
        In the event you agreed to pay upon completion of the plan, any earned fee will immediately
        become due and payable.

  Southland Equity Partners, LLC                                                                   Page 7 of 18

     You may elect to receive financial planning services based on assets held away from us. The fee
     for such services may be a percentage of the assets on which services are provided. You will be
     responsible for implementation of any investment allocation presented by us.

     When you receive financial planning services, you may also purchase securities or insurance
     products offered through our Advisor. Our Advisor may receive commissions (and this may be their
     primary method of compensation) as Registered Representative or insurance agent in connection
     with such transactions. Thus, we may have a conflict of interest when providing financial planning
     services to you as there may be an incentive for us to recommend specific courses of action through
     our financial planning services that may lead to our Advisor receiving additional compensation.

     Please be aware that you are under no obligation to purchase products or services recommended
     by us in connection with our providing you with financial planning services, or any advisory service
     that we offer. You have the option to purchase investment products recommended by the Advisor
     through other brokers or agents that are not affiliated with us.

     B. Direct Asset Management Services Fees

     We offer our services on a fee-only basis. Our fee is calculated based upon the market value of the
     assets in your account on the last day of the previous quarter. Broker-dealers and other financial
     institutions that hold client accounts are referred to as custodians (“custodian/ broker-dealer”). Your
     custodian/broker-dealer determines the value of the assets in your portfolio. Fees for the initial
     quarter are based on the value of your cash and securities on the date the custodian/broker-dealer
     receives them and are prorated based upon the number of calendar days in the calendar quarter
     in which our agreement is in effect. This fee may be paid by direct withdrawal from your account
     held at the custodian or you may elect to pay this fee by check or credit card.

     The initial Account fee is due after execution of an Agreement and your account is funded.
     Subsequent Account fee payments are due and will be assessed at the beginning of each quarter
     based on the value of the Account assets (securities, cash and cash equivalents) under
     management as of the close of business on the last business day of the preceding quarter as
     valued by the custodian, when available, or otherwise in good faith.

     Quarterly Fee Calculation

     (Assets under Management x Annual Fee x Number of Days in Quarter) / 365 = Quarterly Fee

     Your custodian/broker-dealer provides you with statements that show the amount paid directly to us
     if the fee is paid by withdrawal from your account. You should verify the calculation of our fees.
     Your custodian/broker-dealer does not verify the accuracy of fee calculations.

     Please be sure to read the section entitled “Brokerage Practices,” which follows later in this
     brochure.

     You must pay our advisory fees in advance of receiving our services. Should you terminate the
     advisory agreement we have entered into within five (5) business days from the date the agreement
     is executed, you will receive a full refund of any fees paid.

     Clients may elect to have account(s) billed under either a breakpoint fee schedule or a tiered fee
     schedule, as reflected in Schedule A of the Southland client agreement. Under a breakpoint
     schedule, the annual rate associated with the selected asset level applies as set out in the written
     fee schedule. Under a tiered schedule, different asset bands are charged at different rates. The
     selected billing method, the actual annual fee rate(s), and any related Administrative Fee will be
     set out in writing. Unless otherwise disclosed in writing, Advisory Fees continue to be billed
     quarterly in advance based on the account value determined by the custodian as of the close of
     business on the last business day of the preceding quarter. Changes to Schedule A or B must be
...

Item 7. Types of Clients
We provide advisory services primarily to individuals, including their trusts, estates and retirement accounts.
We also provide services to corporations or business entities including their pension and profit-sharing
plans. As a condition for starting and maintaining an advisory relationship, we generally require a minimum
portfolio size of $50,000.

We, at our sole discretion, may accept clients with smaller portfolios based upon certain factors including:
anticipated future earning capacity; anticipated future additional assets; account composition; related
accounts; and pre-existing client relationships.

We may consider the portfolios of your family members to determine if your portfolio meets the minimum
size requirement.