DESCRIPTION QCM generally manages assets for advisory clients on a discretionary basis. However, clients may also have assets that are managed on a non-discretionary basis that are also subject to a management fee. Quarterly fees for portfolio management are based on a percentage of the value of the investments under management or a fixed annual fee, payable quarterly in arrears. The standard fee is up to 50 basis points per quarter or two percent (2%) per year, including all sub- advisory fees. Total fees will not exceed three percent (3%) of assets. Exceptions to the established fee schedule can be negotiated, on an individual basis, based on certain criteria including relationship history, type of assets, potential account size, expected activities, volume of transactions, or a requirement for services. To encourage interaction with our clients, there is no limit placed on the amount of professional time made available for portfolio-related or general financial discussions. Fee estimates and billing methods are provided in advance of services being rendered. Please note that lower fees are available from other sources. Fees should be part of, but not solely, a basis for your investment decision. FEE BILLING Investment management fees are usually billed quarterly in arrears, based on the value of a client's accounts under management at the end of the preceding quarter. In consideration of very specific circumstances, the firm has the ability to bill fees in advance. As this special arrangement requires more operational oversight, it will be accommodated on a limited basis. Fees are deducted from the account(s) managed by QCM. The client must consent in advance to direct debiting of their investment account as per the Engagement Letter for Investment Advisory Services. QCM sends the qualified custodian written notice of the amount of the fee to be deducted from the client’s account, which itemizes the fee, including any formula used to calculate the fee, time period for the fee, and the amount of asset under management on which the fee is based. The advance fee for new accounts (when substantial deposits are received in several installments during the initial quarter), or for existing accounts when unusually large deposits or withdrawals occur during a quarter, will be adjusted on a pro-rata basis. Normally, a pro-rata adjustment is made on the next quarterly invoice, to increase the fee for the period during which the substantial deposit was under QCM's management or supervision during the previous quarter, or to decrease the fee for the period of time during which a substantial withdrawal occurred. Upon receipt from the client of a written notice terminating QCM's services, any fees paid more than 60 days in advance for the then-current quarter are refundable, on a pro rata basis. The client has the option to opt out of the QCM agreement if Form ADV 2A has not been provided within 48 hours prior to execution of the advisory agreement. OTHER FEES Clients are responsible for certain other fees and expenses such as custodial fees, brokerage commissions, and similar charges associated with maintained accounts at a qualified custodian. If client assets are invested in pooled investment vehicles such as a mutual fund, ETF or private fund, the client will also bear the additional fees and expenses assessed by such funds with respect to the client’s investment. Underlying fund fees and expenses compensate the fund manager and other service providers of the fund and/or arise in connection with the operation and investment activities of the fund. These costs are separate from, and in addition to, the fees paid to QCM for selecting and monitoring the investments. QCM’s fees will not be

reduced, credited, or deferred as a result of the underlying fund fees and expenses assessed by a mutual fund, ETF, or private fund. Underlying fund fees and expenses are fully disclosed in each fund prospectus or PPM received by each investor in the pooled vehicle. QCM does not control or receive any portion of these transaction fees. Supervised persons cannot accept compensation for the sale of securities and other investment products. QCAP, the affiliated broker-dealer, does receive a portion of some of the fees and therefore a conflict of interest does exist when QCM accounts are opened through QCAP an introducing broker- dealer and held at a qualifying custodian. Quint Capital Management (QCAP) participates in a program whereby excess cash in clients’ advisory accounts is swept to an omnibus account maintained by The Royal Bank of Canada (RBC), QCAP’s primary custodian. An amount equivalent to the aggregate amount of such cash swept each day is then transferred to omnibus money market accounts at RBC and other banks unaffiliated with QCAP. Pursuant to its overall custodial agreement with RBC, QCAP receives a percentage of fees received from omnibus money market accounts at RBC and also from RBC in connection with applicable cash swept to money market accounts at unaffiliated banks under the program. Such fees are paid to RBC directly by the money market company, are not deducted from client accounts and do not represent 12b-1 fees earned by QCAP. QCAP does not believe this arrangement creates a conflict of interest with its clients, since QCAP’s main objective is to enhance client’s account values by investing client funds within the stock and bond capital markets, not the money market. Any client participation in a money market account constitutes a very small portion of client assets and is used on a temporary basis in between more important investments within the stock and bond capital markets. Clients must consent to any principal trades in writing prior to the trades being executed. For principal trades clients will pay a commission/mark-up or mark/down. These assets are NOT included in the assets under management for fee calculation purposes. EXPENSE RATIOS Mutual funds, exchange traded funds (ETFs) and separate account managers (SAMs) generally charge management fees for their services as investment managers. The management fee is called an expense ratio. For example, an expense ratio of 0.50 means that the mutual fund company charges 0.50% per year for its services. As noted in the previous section, these fees are in addition to the fees paid by you to QCM. Some mutual funds have various share "classes" with different expense ratios for each class. QCM does not control any portion of these fees. Preference is given to mutual funds that do not have a sales charge or 12b-1 fees. Any mutual funds that have a sales change will not be included in the calculation of assets under management. A complete explanation of the fees charged by mutual funds and ETFs is contained in the prospectus for each fund. Fees for investment management services provided by other investment managers will be disclosed in such managers' separate account agreement. Performance figures quoted by mutual fund companies in various publications are generally after their fees have been deducted. QCM does not receive any portion of fund management or 12b-1 fees. PAST DUE ACCOUNTS AND TERMINATION OF AGREEMENT QCM reserves the right to stop work on any account that is more than 60 days overdue. The Firm will take this action only after it has made attempts to reach the client and written notification has been provided.