TCP Asset Management LLC

Item 5: Fees and Compensation

A. Fee Schedule

Portfolio Management Fees

        Total Assets Under Management          Maximum Annual Fees
        All Assets                             2.00%

TCPAM uses the value of the account as of the last business day of the billing period, after
taking into account deposits and withdrawals, for purposes of determining the market
value of the assets upon which the advisory fee is based.

These fees are generally negotiable and the final fee schedule will be memorialized in the
client’s advisory agreement. Clients may terminate the agreement without penalty for a
full refund of TCPAM’s fees within five business days of signing the Investment Advisory
Contract. Thereafter, clients may terminate the Investment Advisory Contract generally
with 30 days’ written notice.

Selection of Other Advisers Fees

TCPAM Models

When IARs of TCPAM utilize the TCPAM models at Orion Portfolio Solutions or SEI,
clients will be charged an additional 0.35%. These fees are not negotiable This will create
a conflict of interest for IARs to recommend and utilize TCPAM models as TCPAM will
earn additional compensation.

First Trust Sub-Advised Models

When IARs of TCPAM utilize the First Trust models, TCPAM will charge the client a
0.15% model management fee. This fee would be in addition to any fee charged by First
Trust. These fees are not negotiable.

Pave Investment Advisors Sub-Advised Portfolios

        TCP imposes management fee up to 35 basis point (.35%) fee on assets that are
being directly managed at Orion Portfolio Services (OPS) and/or SEI.
        Schwab direct will stay at 35 basis point but when IARs of TCPAM utilize Pave
Investment Advisors Sub-Advised Portfolios (PAVE) clients will be charged a 40 basis
point (.40%) fee on assets.

Pension Consulting Services Fees

Asset-Based Fees for Pension Consulting

        Total Assets Under Management          Maximum Annual Fee
        All Assets                             2.00%

TCPAM uses the value of the account as of the last business day of the billing period, after
taking into account deposits and withdrawals, for purposes of determining the market
value of the assets upon which the advisory fee is based.

These fees are generally negotiable and the final fee schedule will be memorialized in the
client’s advisory agreement.

Clients may terminate the agreement without penalty for a full refund of TCPAM’s fees
within five business days of signing the Investment Advisory Contract. Thereafter, clients
may terminate the pension consulting agreement generally with 30 days written notice.
TCPAM uses an average of the daily balance in the client’s account throughout the billing
period, after taking into account deposits and withdrawals, for purposes of determining
the market value of the assets upon which the advisory fee is based.

Fixed Fees

The rate for creating client pension consulting plans is between $0 and $15,000. The final
fee schedule will be memorialized in the client’s advisory agreement. This service may be
canceled with 30 days’ notice.

Hourly Fees

The hourly fee for these services is between $0 and $500. The final fee schedule will be
memorialized in the client’s advisory agreement.

Financial Planning Fees

Fixed Fees

The negotiated fixed rate for creating client financial plans is between $0 and $15,000.

Hourly Fees

The negotiated hourly fee for these services is between $0 and $1,000.

Clients may terminate the agreement without penalty, for full refund of TCPAM’s fees,
within five business days of signing the Financial Planning Agreement. Thereafter, clients
may terminate the Financial Planning Agreement generally upon written notice.

Management of Annuities

The management fee for annuity policies is up to 1% of the account value. These fees are
generally negotiable and the final fee will be memorialized in the client’s agreement.

B. Payment of Fees

Payment of Portfolio Management Fees

Asset-based portfolio management fees are withdrawn directly from the client’s accounts
with client’s written authorization on either a monthly or quarterly basis. Fees may be
paid in either arrears or in advance. The exact timing and frequency will be specified with
the client in their agreement.

Payment of Pension Consulting Fees

Asset-based pension consulting fees are withdrawn directly from the client’s accounts
with client’s written authorization on a monthly basis. Fees are paid in arrears.

Fixed pension consulting fees are paid via check. These fees are paid 100% in advance, but
never more than six months in advance.

Hourly pension consulting fees are paid in arrears upon completion.

Payment of Selection of Other Advisers Fees

The timing, frequency, and method of paying fees for selection of third-party managers
will depend on the specific third-party adviser selected and will be disclosed to the client
prior to entering into a relationship with the third-party advisor.

Payment of Financial Planning Fees

Financial planning fees are withdrawn directly from the client’s accounts with client’s
written authorization or paid via check and wire.

Fixed financial planning fees are paid 100% in advance, but never more than six months
in advance.

Hourly financial planning fees are paid in arrears upon completion.

Payment of Management of Annuities Fees

Annuity management fees are withdrawn directly from the client’s accounts with
client’s written authorization in arrears on a monthly or quarterly basis. Fees are
withdrawn by the annuity company directly from client accounts and remitted to the
broker-dealer of record. TCPAM then receives its portion of the fees from broker-dealer;
TCPAM does not directly deduct the advisory fees.

C. Client Responsibility For Third Party Fees

Clients are responsible for the payment of all third party fees (i.e. custodian fees,
brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
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Item 7: Types of Clients

TCPAM generally provides advisory services to the following types of clients:

       ❖      Individuals
       ❖      High-Net-Worth Individuals
       ❖      Pension and Profit-Sharing Plans

There is no account minimum for any of TCPAM’s services.