The Arkansas Financial Group Inc

Item 5.           Fees and Compensation

A. AFG offers its wealth management services on a fee basis, which may include hourly and/or fixed
   fees, as well as fees based upon assets under management.

                                   WEALTH MANAGEMENT FEE
   AFG provides clients with wealth management services for a wealth management fee, which is
   comprised of the core financial planning fee (the “Core Fee”) and the investment management fee.
   All fees are fully earned in the quarter in which they are paid. The fee for investment management
   is separate from, and in addition to AFG’s financial planning fee.

   Core Financial Planning Fee
   AFG charges the Core Fee to provide clients with the core financial planning services. The Core
   Fee is an annual fixed fee that is calculated based on AFG’s anticipated and/or actual number of
   billable hours spent providing clients with the core financial planning services. The Core Fee is
   separate from, and in addition to, AFG’s investment management fee. In calculating the Core Fee,
   AFG takes into consideration the level and scope of the required services and the professional
   rendering such services. Thus, the Core Fee may be waived or, may be more than the Core Fee
   charged to another client. The hourly rates of AFG’s professionals range from $50 to $350. AFG
   generally imposes a minimum annual Core Fee of $600 or $150 per quarter. AFG requires one-
   half of the estimated Core Fee upon execution of the Agreement. The remaining balance is prorated
   and charged quarterly in advance. AFG’s fees are prorated through the date of termination and any
   remaining balance is charged or refunded to the client, as appropriate.

   Investment Management Fee
   AFG provides investment management services for an annual fee based on the amount of assets
   under the firm’s management. The fee varies between 25 and 90 basis points (0.25% — 0.90%),

   depending on the size of a client’s portfolio in accordance with the fee schedule attached to the
   Agreement. AFG’s current standard fee schedule is as follows:

          0.900 of 1% on the first $125,000 of Managed and Advisory assets.
          0.648 of 1% on the next $ 125,000 of Managed and Advisory assets.
          0.466 of 1% on the next $250,000 of Managed and Advisory assets.
          0.335 of 1% on the next $500,000 of Managed and Advisory assets.
          0.25 of 1% will apply to all assets in excess of $1,000,000 covered under this Agreement.

   AFG’s investment advisory fee is negotiable at its discretion, depending upon objective and
   subjective factors including, but not limited to: the amount of assets to be managed; portfolio
   composition; the scope and complexity of the engagement; the anticipated number of meetings
   and servicing needs; related accounts; future earning capacity; anticipated future additional assets;
   the professional(s) rendering the service(s); prior relationships with AFG and/or its
   representatives, and negotiations with the client. As a result of these factors, similarly situated
   clients could pay different fees, the services to be provided by AFG to any particular client could
   be available from other advisers at lower fees, and certain clients may have fees different than
   those specifically set forth above. ANY QUESTIONS: AFG’s Chief Compliance Officer, Mary
   E. McCraw, remains available to address any questions that a client or prospective client
   may have regarding how his/her fees are determined.

   AFG generally imposes a minimum annual investment manage fee of $600 or $150 per quarter.
   Clients in the Young Professional/Physician in Training program may pay lower fees. AFG, in its
   sole discretion, may waive its annual minimum fee, or charge a flat fee based upon certain criteria,
   such as anticipated future earning capacity, anticipated future additional assets, dollar amount of
   assets to be managed, related accounts, account composition, pre-existing client, physicians in
   training, competition, account retention or pro bono activities. (See Item 7 below).

B. Fee Debit
   Clients authorize AFG to directly debit advisory fees from their custodial account. Both AFG’s
   wealth management agreement and the custodial/clearing agreement authorize the custodian to
   debit the client’s account for the amount of AFG’s investment advisory fee and to directly remit
   that management fee to AFG in compliance with regulatory procedures. Alternatively, clients may
   opt to use Advice Pay to pay fees owed to AFG.

   The annual fee is prorated and charged quarterly, in advance, based upon the market value of the
   assets being managed by AFG on the last day of the previous billing period.

C. Additional Fees and Expenses
   In addition to the advisory fees paid to AFG, clients may also incur certain charges imposed by
   other third parties, such as broker-dealers, custodians, trust companies, banks and other financial
   institutions (collectively “Financial Institutions”). These additional charges may include securities
   brokerage commissions, transaction fees, custodial fees, charges imposed directly by a mutual
   fund or ETF in a client’s account, as disclosed in the fund’s prospectus (e.g., fund management
   fees and other fund expenses), deferred sales charges, odd-lot differentials, transfer taxes, wire
   transfer and electronic fund fees and other fees and taxes on brokerage accounts and securities

   transactions. Such charges, fees and commissions are in addition to AFG’s fee. AFG receives no
   portion of these additional fees and expenses.

D. Fees for Management During Partial Quarters of Service / Termination
   For the initial period of investment management services, AFG’s fees are calculated on a pro rata
   basis.

   The Agreement between AFG and the client will continue in effect until terminated by either party
...

Item 7.         Types of Clients

   AFG provides its services to individuals, high net worth individuals, pension and profit-sharing
   plans, trusts, estates, charitable organizations, corporations and business entities.

   Minimum Fee
   As set forth in Item 5 above, AFG generally imposes a $600 minimum annual investment
   management fee and a $600 minimum annual Core Fee. This minimum annual Core Fee is waived

for clients in the Young Professional Program. Minimum fees may have the effect of making
AFG’s service impractical for certain clients. AFG, in its discretion, may charge a lesser
investment advisory fee, charge a flat fee, waive its fee entirely, or charge fee on a different
interval, based upon certain criteria (i.e. anticipated future earning capacity, anticipated future
additional assets, dollar amount of assets to be managed, related accounts, account composition,
complexity of the engagement, anticipated services to be rendered, grandfathered fee schedules,
employees and family members, courtesy accounts, competition, negotiations with client, etc.).
Please Note: As result of the above, similarly situated clients could pay different fees. In addition,
similar advisory services may be available from other investment advisers for similar or lower
fees. ANY QUESTIONS: AFG’s Chief Compliance Officer, Mary E. McCraw, remains
available to address any questions that a client or prospective client may have regarding
advisory fees.