Washington Park Capital Management LLC

Item 5 - Fees and Compensation
The Firm offers its investment management services for an annual fee based on the amount of assets
under the Firm’s management. This management fee is generally based upon the following fee schedule:

                           PORTFOLIO VALUE                        BASE FEE
                               First $3,000,000                     1.00%
                               Next $2,000,000                      0.75%
                              Above $5,000,000                      0.625%

The annual fee per account/portfolio is prorated and charged quarterly, in arrears, based upon the market
value of the assets being managed by the Firm on the last day of the billing period. In the event the
Investment Management Agreement is terminated, the fee for the final billing period is prorated
through the effective date of the termination, and the outstanding or unearned portion of the fee is
charged or refunded to the client, as appropriate.
The Firm may, in its sole discretion, negotiate to charge a lesser fee based upon certain criteria, such as
anticipated future additional assets, dollar amount of assets to be managed, related accounts, account
composition, pre-existing/legacy client relationship, account retention, and pro bono activities.
Neither the Firm nor its Supervised Persons are compensated for advisory services with performance-based
fees. Neither the Firm nor its Supervised Persons have been the subject of the type of disciplinary event
that warrants disclosure pursuant to this Item. Neither the Firm nor its Supervised Persons have a material
relationship or arrangement with any issuers of securities.
Additional Fees and Expenses
In addition to the advisory fees paid to the Firm, clients may also incur certain charges imposed by 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, the client’s other financial services, transfer taxes, wire
transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. The Firm’s brokerage practices are described at length in Item 12 below.
Direct Fee Debit
Clients generally provide the Firm with the authority to directly debit their accounts for payment of the
investment advisory fees. The Financial Institutions that act as the qualified custodian for client accounts,
from which the Firm retains the authority to directly deduct fees, have agreed to send statements to clients
not less than quarterly detailing all account transactions, including any amounts paid to the Firm.
Account Additions and Withdrawals
Clients may make additions to and withdrawals from their account at any time, subject to the Firm’s right
to terminate an account. Additions may be in cash or securities, provided that the Firm reserves the right
to liquidate any transferred securities or declines to accept particular securities into a client’s account.

Clients may withdraw account assets on notice to the Firm, subject to the usual and customary securities
settlement procedures. However, the Firm generally designs its portfolios as long-term investments, and
the withdrawal of assets may impair the achievement of a client’s investment objectives. The Firm may
consult with its clients about the options and implications of transferring securities. Clients are advised
that when transferred securities are liquidated, they may be subject to transaction fees, short-term
redemption fees and/or tax ramifications.

Item 7 - Types of Clients
The Firm offers portfolio management services primarily to high-net-worth individuals either through
those individuals’ personal accounts, IRAs, trusts, or foundations. The Firm also provides these services to
corporate profit-sharing and investment accounts.
Minimum Account Requirements
The Firm imposes a minimum starting value of $500,000 but may, in its sole discretion, waive that
minimum value. Should the Firm determine that an account has become too small to adequately diversify
the holdings, the Firm reserves the right to terminate investment management services upon 30 days
written notification to the client.