Tripletail Wealth Management LLC

Item 5 Fees and Compensation

Asset Management Fees
Pursuant to an investment advisory contract signed by each client, the client will pay Tripletail an
annual management fee, payable quarterly in advance, based on the value of portfolio assets of the
account managed by the Advisor as of the opening of business on the first business day of each
quarter. New account fees will be prorated from the inception of the account to the end of the first
quarter.

Assets Under Management:               Annual Fee:

First $2 million                          1.25%
$2-$5 million                             0.95%
$5-$10 million                            0.75%
Over $10 million                          0.55%

Fees will be calculated on a tiered schedule. These fees may be negotiated at the sole discretion
of the Advisor. Asset management fees will be directly deducted from the client account on a
quarterly basis by the qualified custodian. The client will give written authorization permitting the
Advisor to be paid directly from their account held by the custodian, and the custodian will send a
statement at least quarterly to the client. The custodian will send a statement at least quarterly to
the client outlining the time period covered and the amount withdrawn from the client account.

Clients whose assets are invested in a private placement offering will be charged a fixed annual
fee of 1.35%, payable quarterly in advance, based on the fair market value of the investment as of

Tripletail Wealth Management                Page 5

the first business day of the calendar year. New investment fees will be prorated from the date of
initial investment to the end of the calendar year. These fees may be negotiated by Tripletail at its
sole discretion. The client will give written authorization permitting the Advisor to be paid directly
from their account held by the custodian, and the custodian will send a statement at least quarterly
to the client. Where it is not practical to deduct fees directly from the client account, the client will
be sent an invoice at the beginning of each quarter. The invoice is payable upon receipt.

Comprehensive Financial Planning
Where Tripletail determines Comprehensive Financial Planning services are in the client’s best
interest, the Advisor will provide the service as a complement and will not charge a fee.

All fees paid to Tripletail for investment advisory services are separate and distinct from the
expenses charged by mutual funds to their shareholders and the product sponsor in the case of
variable insurance products. These fees and expenses are described in each fund or variable
product’s prospectus. These fees will generally include a management fee and other fund expenses.

The Advisor’s management fee will include all costs charged by the executing broker-dealer and
they will be paid by the Advisor. This method is typically characterized as a “wrap fee,” where
the management fee includes the investment advisory services as well as all transaction costs and
the client pays only that management fee and no other costs concerning the trading of the account.
Generally, clients in wrap fee accounts, with the transaction and custody costs included, will pay
a slightly higher management fee than in non-wrap accounts, where those costs are not included
in the fee. However, clients in a non-wrap account will pay the management fee solely for advisory
services and will also directly pay any transaction costs assessed by the executing broker-dealer,
such as commissions and transaction fees. The specific arrangement for each client will be
negotiated and defined in the investment advisory contract signed by each client, and no advisory
fee will exceed the maximum management fee noted above.

Tripletail’s asset management fee is payable in advance. Upon termination, any fees paid in
advance will be prorated to the date of termination and any unearned fees will be refunded to client.

Where acting in the capacity of a registered representative or insurance agent, investment advisor
representatives of Tripletail may as broker or agent effect securities or insurance transactions for
typical and customary compensation.

This practice presents a conflict of interest by creating an incentive to recommend investment
products based on the compensation received, rather than on a client’s needs. However, Tripletail
and its investment advisor representatives are fiduciaries by law and as such are required to put
the interests of advisory clients before those of the firm or themselves. Tripletail maintains a Code
of Ethics by which all employees must abide, and the Code of Ethics and other firm compliance
policies and procedures are designed to prevent violations of securities laws. Clients are not
obligated to use investment advisor representatives of Tripletail to execute such securities or
insurance transactions. A client may be able to invest in products recommended by the firm
directly, without the services of Tripletail. In that case, the client would not receive the services

Tripletail Wealth Management                 Page 6

provided by Tripletail which are designed, among other things, to assist the client in determining
which products or services are most appropriate to each client’s financial condition and objectives.

Item 7 Types of Clients

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

The Advisor’s cumulative minimum account requirement for opening and maintaining an account
is $500,000. However, based on facts and circumstances the Advisor may, at its sole discretion,
accept accounts with a lower value.