Assetgrade LLC

Item 5: Fees and Compensation

AssetGrade offers its services on a fee basis, based upon assets under management or advisement.

Financial Planning and Consulting Services

There is no charge for financial planning and consulting services for our clients paying an annual
fee for Investment Management or Wealth Management.

Investment Management and Wealth Management Fees

AssetGrade provides investment management and wealth management services for an annual
fee based on the amount of assets under the Firm’s management, subject to annual minimum of
$7,500. Fees are based on the following fee schedule:

                          Portfolio Value                       Annual Fees
                              First $2M                             1.00%

                             $2M to $5M                             0.85%

                            $5M to $10M                             0.70%

                             Over $10M                              0.55%

The annual fee is prorated and charged quarterly in advance, based upon the market value of the
assets being managed by AssetGrade on the last day of the previous billing period. Where the
annual fee based on the amount of assets under the Firm’s management is less than AssetGrade’s
minimum annual fee, the Firm generally charges its minimum annual fee, as described at length
in Item 7, below.

If assets are deposited into or withdrawn from an account after the inception of a billing period,
the fee payable with respect to such assets is adjusted to reflect the change in portfolio value. For
the initial period of an engagement, the fee is calculated on a pro rata basis. In the event the
Agreement is terminated, the fee for the final billing period is prorated through the effective date
of the termination and the unearned portion is refunded to the client, as appropriate.

Retirement Plan Consulting Fees

For employee benefit plans and fiduciaries receiving our retirement plan consulting services, as

described above in Item 4, each engagement is individually negotiated and tailored to
accommodate the needs of the individual plan sponsor, as memorialized in the Agreement. These
fees vary, based on the scope of the services to be rendered subject to an annual minimum fee of
$7,500.

Fee Discretion

AssetGrade, in its sole discretion, may negotiate to charge a lesser fee based upon certain criteria,
such as anticipated future earning capacity, anticipated future additional assets, dollar amount
of assets to be managed, related accounts, account composition, pre-existing client relationship,
account retention and pro bono activities.

Additional Fees and Expenses

In addition to the advisory fees paid to AssetGrade, clients may also incur certain charges
imposed by other third parties, such as broker-dealers, custodians, trust companies, banks and
other financial institutions (collectively “Financial Institutions”). These additional charges may
include securities brokerage commissions, transaction fees, custodial fees, charges imposed
directly by a mutual fund or ETF in a client’s account, as disclosed in the fund’s prospectus (e.g.,
fund management fees and other fund expenses), 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. The Firm’s brokerage practices are described at length in
Item 12, below.

Fee Debit

Clients generally provide AssetGrade with the authority to directly debit their accounts for
payment of the Firm’s investment advisory fees. The Financial Institutions that act as qualified
custodians for client accounts have agreed to send statements to clients not less than quarterly
detailing all account transactions, including any amounts paid to AssetGrade. As required by
applicable state securities laws, AssetGrade also sends clients an itemized summary detailing the
advisory fees deducted from their accounts.

Account Additions and Withdrawals

Clients may make additions to and withdrawals from their account at any time. Additions may
be in cash or securities provided that the Firm reserves the right to liquidate any transferred
securities or decline to accept particular securities into a client’s account. Clients may withdraw
account assets on notice to AssetGrade, subject to the usual and customary securities settlement
procedures. However, AssetGrade designs its portfolios as long-term investments and the
withdrawal of assets may impair the achievement of a client’s investment objectives. AssetGrade
may consult with its clients about the options and implications of transferring securities. Clients
are advised that when transferred securities are liquidated, they may be subject to transaction
fees, fees assessed at the mutual fund level (i.e., contingent deferred sales charge) and/or tax
ramifications.

Educational Seminars/Workshops

AssetGrade does not charge for educational seminars and workshops.

Item 7: Types of Clients

AssetGrade provides its services to individuals, pension and profit sharing plans, trusts, estates,
charitable organizations, corporations and other business entities.

Minimum Annual Fee

As a condition for starting and maintaining an investment management relationship, AssetGrade
generally imposes a minimum annual fee of $7,500. This minimum fee may have the effect of
making AssetGrade’s services cost prohibitive for certain clients. For example, the minimum
annual fee of $7,500 would be more than 1% annually for a client with less than $750,000 in assets
under AssetGrade’s management. AssetGrade, in its sole discretion, may waive or reduce its
minimum annual fee based upon certain criteria, such as anticipated future earning capacity,
anticipated future additional assets, dollar amount of assets to be managed, related accounts,
account composition, pre-existing client relationships, account retention and pro bono activities.