Stillwater Capital Management Corp

Item 5: Fees & Compensation

Compensation for Our Advisory Services

Asset Management:

The maximum annual fee charged for this service will not exceed 1.50%. Fees to be assessed will be
outlined in the advisory agreement to be signed by the client. Annualized fees are billed on a pro-rata
basis monthly in arrears based on the value of the account(s) on the last day of the month. Fees are
negotiable and will be deducted from client account(s). The ultimate fee to be charged to the client
for this service will depend on the scope and complexity of the relationship with the client and will
be assessed during our initial meeting, advisory fees will be determined on a case-by-case basis. Our
firm does not offer direct invoicing. As part of this process, Clients understand the following:

    a) Clients must provide our firm with written authorization permitting direct payment of
       advisory fees from their account(s) maintained by a custodian who is independent of our
       firm;
    b) Our firm sends monthly statements to the client showing the fee amount, the value of the
       assets upon which the fee is based, and the specific manner in which the fee is calculated as
       well as disclosing that it is the client’s responsibility to verify the accuracy of fee calculation,
       and that the custodian does not determine its accuracy; and
    c) The account custodian sends a statement to the client, at least monthly, showing all account
       disbursements, including advisory fees.

Comprehensive Portfolio Management:

The maximum annual fee charged for this service will not exceed 2.00%. Fees to be assessed will be
outlined in the advisory agreement to be signed by the client. Annualized fees are billed on a pro-rata
basis monthly in arrears based on the value of the account(s) on the last day of the month. Fees are
negotiable and will be deducted from client account(s). The ultimate fee to be charged to the client
for this service will depend on the scope and complexity of the relationship with the client and will
be assessed during our initial meeting, advisory fees will be determined on a case-by-case basis. Our
firm does not offer direct invoicing. As part of this process, Clients understand the following:

    a) Clients must provide our firm with written authorization permitting direct payment of
       advisory fees from their account(s) maintained by a custodian who is independent of our
       firm;

ADV Part 2A – Firm Brochure                     Page 6                        Stillwater Capital Management, Corp

    b) Our firm sends monthly statements to the client showing the fee amount, the value of the
       assets upon which the fee is based, and the specific manner in which the fee is calculated as
       well as disclosing that it is the client’s responsibility to verify the accuracy of fee calculation,
       and that the custodian does not determine its accuracy; and
    c) The account custodian sends a statement to the client, at least monthly, showing all account
       disbursements, including advisory fees.

Retirement Plan Consulting:

Our Retirement Plan Consulting services are billed on the percentage of Plan assets under
management. The total estimated fee, as well as the ultimate fee charged, is based on the scope and
complexity of our engagement with the client. Fees for this service will not exceed 1.00%. The fee-
paying arrangements will be determined on a case-by-case basis and will be detailed in the signed
consulting agreement.

Financial Planning

The rate for creating client financial plans is $5,000. The fees are negotiable and the final fee schedule
will be attached as Exhibit II of the Financial Planning Agreement. Fixed Financial Planning fees are
invoiced through QuickBooks paid via check, card, or cashier’s check. Fees are paid 50% in advance
and the remainder is due upon delivery of the plan.

Other Types of Fees & Expenses

Clients will incur transaction fees for trades executed by their chosen custodian, via individual
transaction charges. These transaction fees are separate from our firm’s advisory fees and will be
disclosed by the chosen custodian. Charles Schwab & Co., Inc. (“Schwab”), does not charge transaction
fees for U.S. listed equities and exchange traded funds.

Clients may also pay holdings charges imposed by the chosen custodian for certain investments,
charges imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be
disclosed in the fund’s prospectus (e.g., fund management fees, distribution fees, surrender charges,
variable annuity fees, IRA and qualified retirement plan fees, mark-ups and mark-downs, spreads
paid to market makers, fees for trades executed away from custodian, wire transfer fees and other
fees and taxes on brokerage accounts and securities transactions). Our firm does not receive a
portion of these fees.

Termination & Refunds

Either party may terminate the advisory agreement signed with our firm for Asset Management AND
Comprehensive Portfolio Management services in writing at any time. Upon notice of termination
pro-rata advisory fees for services rendered to the point of termination will be charged. If advisory
fees cannot be deducted, our firm will send an invoice for due advisory fees to the client.

Either party to a Retirement Plan Consulting Agreement may terminate at any time by providing
written notice to the other party. Full refunds will only be made in cases where cancellation occurs
within 5 business days of signing an agreement. After 5 business days from initial signing, either
party must provide the other party 30 days written notice to terminate billing. Billing will terminate
30 days after receipt of termination notice. Clients will be charged on a pro-rata basis, which takes
into account work completed by our firm on behalf of the client. Clients will incur charges for bona
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Item 7: Types of Clients & Account Requirements

Our firm has the following types of clients:
   • Individuals and High Net Worth Individuals;
   • Trusts, Estates or Charitable Organizations;
   • Pension and Profit Sharing Plans;
   • Corporations, Limited Liability Companies and/or Other Business Types

Our requirements for opening and maintaining accounts or otherwise engaging us:
   • Our firm requires a minimum account balance of $500,000 for our Comprehensive Portfolio
       Management and or Asset Management service. Generally, this minimum account balance
       requirement is not negotiable and would be required throughout the course of the client’s
       relationship with our firm. However, our firm can waive account minimum requirements in
       its sole discretion.