Firm Description J. W. Korth & Company was founded in 1982. The firm began its investment advisor in 2011; however, the Firm has been in the securities business since 1982, primarily specializing in the fixed income market. The Firm's expertise in this area provides added value to our Portfolio Management services. Portfolio Management services will cover the following types of Investments: Equities (exchange listed, over the counter, foreign issuers) Corporate Bonds Municipal Bonds United States Government Bonds Foreign Bonds (denominated in various foreign currencies) Certificates of Deposit Commercial Paper Agency Bonds Mortgaged Backed Securities Mutual Funds Structured Products Closed End Funds J. W. Korth & Company does not act as a custodian of client assets. The client always maintains asset control. J. W. Korth & Company places trades for clients under a limited power of attorney. Principal Owners J. W. Korth & Company is a partnership organized under Michigan law and is owned by Korth Direct Mortgage Inc. (“KDM”). James Korth is the CEO and majority shareholder of KDM and is also the Managing Partner of J. W. Korth & Company L.P Types of Advisory Services J. W. Korth & Company provides investment supervisory services, also known as asset management services; manages investment advisory accounts not involving investment supervisory services; invests via sub-advisory relationships; furnishes investment advice through consultations; issues periodicals about securities by subscription; issues special reports about securities; and issues, charts, graphs, formulas, or other devices which clients may use to evaluate securities. J. W. Korth & Company does not offer wrap fee programs to advisory clients. As of the date of this brochure, J. W. Korth & Company has $205 million regulatory assets under management. Information regarding our firm’s Special Margin and Custody services may be found in the firm brochure specific for that program. Tailored Relationships The goals and objectives for each client are documented through our client relationship process. Investment policy statements are created that reflect the stated goals and objectives, when applicable. Clients may impose restrictions on investing in certain securities or types of securities. Agreements may not be assigned without client consent. Types of

Agreements The following agreements define the typical client relationships. Investment Advisory Agreement Clients may consider having J. W. Korth & Company manage their assets due to our firm’s particular expertise in income oriented investing. Traditional Equity and Bond Accounts: The annual Investment Advisory Agreement bases its fee on a percentage of the investable assets according to the following schedule: Assets Under Management Annualized Fees $0 - $500,000 1.50% $500,001 - $1,000,000 1.25% $1,000,001 - $2,000,000 1.00% $2,000,001 and greater Negotiable The preferred minimum investment is $500,000 and the minimum annual fee is $7,500, though under certain circumstances both of these minimums may be waived. Current client relationships may exist where the fees are higher or lower than the fee schedule above. All fees are negotiable based on the total client relationship. Special Strategy Accounts: The pricing on special strategy accounts will be announced and described on each fact sheet or brochure for that strategy. Pricing is based on a combination of difficulty of implementing the strategy, managing the strategy, and assets placed in the strategy. Although the Advisory Service Agreement is an ongoing agreement and constant adjustments are required, the length of service to the client is at the client’s discretion. The client or the investment manager may terminate an Agreement by written notice to the other party. At termination, fees will be billed on a pro rata basis for the portion of the quarter completed. The portfolio value at the completion of the prior full billing quarter is used as the basis for the fee computation, adjusted for the number of days during the billing quarter prior to termination. Termination of Agreement A Client may terminate any of the aforementioned agreements at any time by notifying J. W. Korth & Company in writing and paying the rate for the time spent on the investment advisory engagement prior to notification of termination. If the client made an advance payment, J. W. Korth & Company will refund any unearned portion of the advance payment. J. W. Korth & Company may terminate any of the aforementioned agreements at any time by notifying the client in writing. If the client made an advance payment, J. W. Korth & Company will refund any unearned portion of the advance payment.