Togwotee CIO LLC

Item 5 Fees and Compensation

Asset Management Fees
Pursuant to an Investment Advisory contract signed by each client, the client will pay Togwotee
CIO an annual management fee, payable quarterly in arrears, based on the value of portfolio assets
of the account on the last business day of the preceding quarter. New account fees will be prorated
from the inception of the account to the end of the first quarter.

Togwotee CIO, LLC                            Page 4

Management fees range from 0.40% per annum to 1.0% per annum depending on the type and
complexity of the investment management strategy employed as well as the size of the account or
overall client relationship. These fees may be negotiated by Togwotee CIO at its sole discretion.
Client will be sent an invoice at the end of each quarter. The invoice is payable upon receipt.

Fixed Fee
Some clients will contract to have investment advisory advice provided based on a fixed fee rather
than based on the assets under management. The Advisor will charge a range of fees up to
$100,000 per year payable in arrears. Fixed fees will be negotiated and agreed upon by the parties
in advance. New account fees will be prorated from the inception of the account to the end of the
first calendar year. Client will be sent an invoice at the end of the calendar year. The invoice is
payable upon receipt. If the client terminates the agreement with the Advisor prior to the calendar
year end, any fees due the Advisor will be invoiced to the client and payable within 5 days of
delivery of the invoice.

For each of the Advisor's services described above, the Client may terminate these services within
five business days of the effective date of an Agreement signed with the Advisor without any
payment of the Advisor's fee.

All fees paid to Togwotee CIO for investment advisory services are separate and distinct from the
expenses charged by mutual funds, ETFs, or partnerships to their shareholders or investors. These
fees and expenses are described in each investment’s prospectus or offering documents. These
fees will generally include a management fee and other fund expenses and may include

Item 7 Types of Clients

The Advisor will offer its services to individuals, trusts, estates, or charitable organizations,
corporations, or other business entities.

The Advisor’s cumulative minimum account requirement for opening and maintaining an account
is $10 million. However, based on facts and circumstances the Advisor may, at its sole discretion,
accept accounts with a lower value.