Washington Growth Strategies LLC

Item 5:       Fees and Compensation

      A.   Fees Charged

      Asset Management

      All investment management clients will be required to execute an Investment Management Agreement
      that will describe the type of management services to be provided and the fees, among other items. For
      some clients, ongoing financial planning will be included in this fee.

      Generally, fees vary from 0.50% to 2.00% per annum of the market value of a client’s assets managed by
      WGS. The fee range stated is a guide. Fees may be higher or lower than this range, based on the nature
      of the account. Factors affecting fee percentages include the size of the account, complexity of asset
      structures, and other factors. All clients, but especially those with smaller accounts, should be advised
      they may receive similar services from other professionals for higher or lower overall costs.

      When recommending mutual funds that have multiple share classes, WGS will take into account the
      internal fees and expenses associated with each share class, and select the most cost effective share class
      that still meets the client’s needs and objectives and is available to the client.

      Pooled Investment Vehicles

      Fees charged to pooled investment vehicles are as described in the vehicle’s respective private placement
      memorandum. The fund’s general partner, in conjunction with WGS, may modify or waive the fee
      arrangement for a given limited partner. Please see the fund’s private placement memorandum for specific
      details.

      Included with Other Services: For some clients who are also engaging WGS to provide asset management
      or other services, the preparation of a financial plan may be required to properly service a client. If a
      financial plan is required, it will be included with the costs of the other services, and clients will not be
      charged any additional fees.

B.   Fee Payment

Asset Management

Fees for asset management will be deducted directly from each client’s account. The management fee is
paid quarterly, in arrears, and the value used for the fee calculation is the last market day of the previous
month. This means that if your annual fee is 1.00%, then each quarter we will multiply the value of your
account by 1.00% then divided by 4 to calculate our fee. In calculating the market value of a client’s
assets, assets allocated to cash or a cash proxy, such as a money market account, will be included in the
calculation of assets under management. Once the calculation is made, we will instruct your account
custodian to deduct the fee from your account and remit it to WGS.

Pooled Investment Vehicles

All management and performance fees will be deducted from the investment vehicle on a quarterly basis,
in arrears.

Clients whose fees are directly debited will provide written authorization to debit advisory fees from their
accounts held by a qualified custodian chosen by the client. The client will also receive a statement from
their account custodian showing all transactions in their account, including the fee.

C.   Other Fees

Separate Accounts

All fees paid to WGS for advisory services are separate from the fees and expenses charged to
shareholders of mutual fund shares (in the case of mutual funds), ETFs (which may include custody fees,
transaction fees, commissions, and expenses), or by a third party investment adviser managing the
portfolios (in the case of money managers). Clients will be responsible for fees including transaction fees
for the purchase or sale of a mutual fund or Exchange Traded Fund, or commissions for the purchase or
sale of a stock. Expenses of a fund will not be included in management fees, as they are deducted from
the value of the shares by the mutual fund manager. For complete discussion of expenses related to each
mutual fund, clients should read a copy of the prospectus issued by that fund. WGS can provide or direct
clients to a copy of the prospectus for any fund that we recommend to you, and clients are encouraged to
read the prospectus for any mutual fund or ETF thoroughly, as well as the Form ADV for any third party
money manager. A prospectus for any new fund clients invest in for the first time is automatically sent
to your by the custodian for your account.

Pooled Investment Vehicles

Clients who invest in a pooled invested vehicle managed by WGS will incur costs specific to the operation
of the fund, including operational expenses, costs incurred in the investigation, purchase, holding or sale
of securities, legal, audit, accounting, tax, registration, insurance, indemnification, financial fees, and any
extraordinary expenses. For specific detail about fees and expenses, client should refer to their fund’s
private placement memorandum.

D.   Pro-rata Fees

If you become a client during a quarter, you will pay a management fee for the number of days left in that
quarter. If you terminate our relationship during a quarter, you will be charged a management fee for the

      portion of the quarter during which you were a client. Once your notice of termination is received, we
      will charge the fee through the date of transfer of your assets. WGS will cease to perform services,
      including processing trades and distributions, upon termination. Assets not transferred from terminated
      accounts within 30 (thirty) days of termination may be “de-linked”, meaning they will no longer be visible
      to WGS and will become a retail account with the custodian.

      E.   Compensation for the Sale of Securities.

      Neither WGS nor any of its employees receives compensation for the sale of securities to our clients.
      WGS is not a broker-dealer, and no employee of WGS is a registered representative of a broker-dealer.

Item 7:       Types of Clients

      Clients advised may include individuals, trusts, foundations, pensions, corporations, and pooled
      investments. WGS requires each client to place at least $1,000,000 with the firm. This minimum may be
      waived in the discretion of WGS.