Aon Securities LLC

ITEM 5: FEES AND COMPENSATION

Fees
Aon Securities LLC generally charges for its fairness opinion services on a fixed fee basis. Fees are negotiated
with each client at the start of an assignment and are based on the level of complexity of the proposed
transaction that is the subject of the fairness opinion assignment, the expected difficulty of the assignment, and
the amount of time AS expects to spend on the assignment. The fee is generally payable in full upon delivery of
the fairness opinion. No portion of the fairness opinion fee is refundable nor contingent upon the consummation
of a client’s business transaction or a conclusion reached in AS’s fairness opinion.

Aon Securities LLC                                                                                                    4

Other Types of Fees or Expenses
In addition to the fees payable to AS described above, the client generally is responsible for additional fees and
expenses that may arise, including but not limited to travel, meals, general administrative expenses, expenses of
outside legal counsel, and expenses of consultants, as applicable, in connection with the fairness opinion
engagement.

Neither AS (as a Registered Investment Adviser writing fairness opinions) nor any of its personnel, acting in their
capacity as Supervised Persons of AS’s Registered Investment Adviser business, accepts compensation for the
sale of securities or other investment products.

Although fairness opinions are issued by Aon Securities as a Registered Investment Adviser, the fairness
opinion engagement will typically be combined with an engagement of the Firm as an M&A financial advisor (the
investment banking side of the business).

ITEM 7:     TYPES OF CLIENTS

Aon Securities provides fairness opinion services to institutional Clients, e.g., large corporations (public and
private), primarily in the insurance and reinsurance sectors.

All new Clients for a fairness opinion engagement will be approved by AS senior management. Consideration
will be given to the nature of the proposed transaction and terms, the history and background of the Client, the
purpose of the proposed transaction and potential public disclosures surrounding AS’s services and opinion.
Other considerations include potential independence issues related to either party of the proposed transaction
arising to the extent Aon Securities or other Aon affiliates provide other professional services to such parties and
any identified potential conflicts of interest that may factor into AS’s decision to accept or decline a proposed
fairness opinion engagement.

Since AS’s sole business as a Registered Investment Adviser is providing fairness opinion services, AS does not
open or maintain client accounts. Hence, AS does not have any requirements, such as minimum account size,
for opening or maintaining such accounts.