Altman Investment Management LLC

Item 5: FEES AND COMPENSATION

  A. Fee Schedule

  AIM’s fee schedule (expressed as percentages per annum) is as follows. In addition, however, for
  certain clients previously managed by personnel of AIM while employed at other firms, AIM may
  offer, in its discretion, to continue such fee arrangements or negotiate a new fee arrangement.

  Investment Supervisory Services Fees

  AIM changed its investment supervisory services fees for new clients after March 31, 2011. The
  fees for existing and new clients are set out below.

  Equity and Balanced Fee Schedule

  Total Assets Under Management                            Annual Fee
  First $1,000,000                                         1.25%
  Next $2,000,000                                          .95%
  Next $7,000,000                                          .75%
  Next $40,000,000                                         .55%
  Value in excess of $50,000,000                           Negotiable

  Minimum Discretionary Fee: $7,500
  Minimum Non-Discretionary Fee: $8,500

  These fees are negotiable and the final fee schedule is attached as Appendix A of each Investment
  Management Agreement between the client and AIM.

  In addition, for certain clients previously managed by personnel of AIM while employed at other
  firms, AIM may offer, in its discretion, to continue such fee arrangements or negotiate a new fee
  arrangement.

  Fixed Fee Schedule

  New clients (from March 31, 2011)

  Total Assets Under Management                            Annual Fee
  First $1,000,000                                         0.50%
  Next $2,000,000                                          .20%
  Next $7,000,000                                          .15%
  Value in excess of $50,000,000                           Negotiable

  Minimum Discretionary Fee: $20,000

                                   ALTMAN INVESTMENT MANAGEMENT, LLC
           33 Witherspoon Street, 2nd Floor – Princeton, NJ 08540 – (609) 252-0048 – www.AltmanInvest.com

These fees are negotiable and the final fee schedule is attached as Appendix A of each Investment
Management Agreement between the client and AIM.

In addition, for certain clients previously managed by personnel of AIM while employed at other
firms, AIM may offer, in its discretion, to continue such fee arrangements or negotiate a new free
arrangement.

In each case, there is a surcharge of 1/10 (one-tenth) of 1% (one percent) of the market value of the
Portfolio for non-discretionary accounts. Fees are assessed on all assets under management at the
market value on the appraisal date.

Money Market Fund Fees

On occasion, cash balances in AIM client advisory accounts (other than liquidity accounts) will be
invested by AIM in shares of money market funds when considered by AIM to be the best use of
such balances. Clients should note that when their account balances are invested in shares of
money market funds, where management fees are assessed as an expense, that they are, in effect,
paying two advisory fees on assets invested in such money market funds, because in addition to
AIM’s fees (as described above), the client also effectively pays the advisory fee of the investment
advisor to the money market fund, as well as other money market fund expenses.

Investment Advice through Consultations

On occasion AIM may also provide investment advice to clients on a consultation basis, in
situations where the client does not require investment supervisory services to be provided by
AIM. Fees for any such advisory consulting services will be determined on a case-by-case basis
after discussion with the client, depending on the type and scope of the advice delivered and the
time AIM is required to spend.

B. Payment of Fees

Payment of Investment Supervisory Fees

Fees are calculated quarterly based on AIM’s market appraisal of the value of the portfolio and
one-quarter of the annual fee will be invoiced to the client in the quarterly review. The remaining
annual fee will be invoiced quarterly in arrears. Clients can elect to have fees deducted
automatically by AIM from their accounts, following invoice calculations.

Payment of Advisory Consulting Fees

Fees will be calculated based on the advice to be provided and notified to the client in advance. All
advisory consulting fees will be invoiced to the client in arrears.

                                 ALTMAN INVESTMENT MANAGEMENT, LLC
         33 Witherspoon Street, 2nd Floor – Princeton, NJ 08540 – (609) 252-0048 – www.AltmanInvest.com

C. Clients Are Responsible for Third Party Fees

Clients receiving investment supervisory services from AIM will also incur brokerage
commissions and other transaction costs during the course of their relationship with AIM. Such
third-party fees and commissions are separate from and in addition to the fees and expenses
charged to the client by AIM.

Clients are responsible for the payment of all third-party fees (including but not limited to
custodian fees, mutual fund expenses, brokerage commissions and transaction fees). Clients will
be separately invoiced for custodian and brokerage commissions directly by the relevant third-
party custodian and broker respectively. Please also see Item 12 of this brochure for important
information regarding brokers and custodians.

D. Prepayment of Fees

One-quarter of AIM’s annual fee will be invoiced in advance. The remaining annual fee will be
invoiced quarterly in arears. Generally, clients authorize AIM to deduct fees directly from the
accounts but clients may arrange to be billed separately.

Clients may terminate the relationship with AIM without penalty at any time by sending written
notice of termination of the Investment Management Agreement to AIM. AIM may terminate the
relationship with the client in the same way.

In the event that the Investment Management Agreement between the client and AIM is
...

Item 7: TYPES OF CLIENTS

   AIM generally provides investment supervisory services and/or investment advisory services to
   the following types of clients:

   •   High-Net-Worth Individuals
   •   Pension and profit-sharing plans
   •   Trusts, estates or charitable organizations
   •   Corporations or business entities other than those listed above.

   Minimum Account Size

   Equity and Balanced Accounts

   AIM requires a minimum client account size for a discretionary portfolio of $1,000,000 and a
   minimum account size for a non-discretionary portfolio of $1,000,000. Each of these minimum
   size requirements may however be waived by AIM, based on the needs of the client and the
   complexity of the client’s investment policy guidelines.

   Fixed Accounts

   AIM requires a minimum client account size for a discretionary portfolio of $5,000,000. The
   minimum size requirement may however be waived by AIM, based on the needs of the client and
   the complexity of the client’s investment policy guidelines.

                                    ALTMAN INVESTMENT MANAGEMENT, LLC
            33 Witherspoon Street, 2nd Floor – Princeton, NJ 08540 – (609) 252-0048 – www.AltmanInvest.com