Whitener Capital Management Inc

Item 5 Fees and Compensation
Portfolio Management Services
Our fee for portfolio management services is based on a percent of assets under management
calculated quarterly in arrears, and set forth in the following fee schedule:

Assets Under Management                      Annual Fee
For the first $500,000                          1.25%
$500,001 - $1,000,000                           1.00%
Over $1,000,000                                 0.70%

All fees are subject to negotiation. Either party may terminate the Investment Advisory Agreement by
written notice at any time. There is no termination date otherwise specified.

The specific manner in which fees are charged by WCM is established in a client’s written agreement
with WCM. WCM reserves the right to negotiate fee paying arrangements with client, but we generally
bill our fees quarterly in arrears based on the value of your account(s) on the last day of the quarter.
Clients may elect to be billed directly for fees or to authorize WCM to directly debit fees from client
accounts via the acting custodian. Management fees shall be prorated for each capital contribution
and/or withdrawal made during the applicable calendar quarter (with the exception of de minimis
contributions and withdrawals under $1,000). Accounts initiated or terminated during a calendar
quarter will be charged a prorated fee. Upon termination of any account, any prepaid, unearned fees
will be promptly refunded, and any earned, unpaid fees will be due and payable.

WCM’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and
expenses which shall be incurred by the client. Clients may incur certain charges imposed by
custodians, brokers, third party investment and other third parties such as fees charged by managers,
custodial fees, 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. Mutual funds
and exchange traded funds also charge internal management fees, which are disclosed in the fund’s
prospectus.

Such charges, fees and commissions are exclusive of and in addition to Whitener Capital
Management’s fee, and Whitener Capital Management shall not receive any portion of these
commissions, fees and costs.

Item 12 further describes the factors that Whitener Capital Management considers in selecting or
recommending broker-dealers for client transactions and determining the reasonableness of their
compensation (e.g., commissions).

Financial Planning Services
WCM charges an hourly fee of $250 for financial planning services, which is negotiable depending on
the scope and complexity of the plan, your situation, and your financial objectives. An estimate of the
total time/cost will be determined at the start of the advisory relationship. In limited circumstances, the
cost/time could potentially exceed the initial estimate. In such cases, we will notify you and request that
you approve the additional fee.

Fees are typically due upon completion of services rendered. However, WCM reserves the right to
require that you pay up to 50% of the fee in advance and the remaining portion upon the completion of
the services rendered. All negotiated terms will be clearly set forth in the client agreement. We will not
require prepayment of a fee more than six months in advance of services rendered and in excess of
$1,200.

You may terminate the financial planning agreement by providing written notice to our firm. You will
incur a pro rata charge for services rendered prior to the termination of the agreement. If you have pre-
paid advisory fees that we have not yet earned, you will receive a prorated refund of those fees.

Pension Consulting Services
Our advisory fees for these customized services will be based on the following fee schedule subject to
negotiation:

Assets Under Management                       Annual Fee
For the first $500,000                           1.25%
$500,001 - $1,000,000                            1.00%
Over $1,000,000                                  0.70%

Our pension consulting fee is billed and payable quarterly in arrears based on the value of plan assets
on the last day of the quarter. Either party to the pension consulting agreement may terminate the
agreement upon 30-days' written notice to the other party. The pension consulting fees will be prorated
for the quarter in which the termination notice is given and any unearned fees will be refunded to the
client.

Item 7 Types of Clients
Whitener Capital Management provides advisory services to individuals, pension and profit-sharing
plans, trusts, estates, charitable organizations, and other business entities.

In general, WCM does not require a minimum dollar amount to open and maintain an advisory
relationship; however, we have the right to terminate your Account if it falls below a minimum size
which, in our sole opinion, is too small to effectively manage.