D C Voss & Company LLC

Fees and Compensation

Our standard fee arrangement is a percentage of assets under management and advisement with a
minimum quarterly fee of $1,000. Our fee schedule is below. Accounts that are managed as part of our
Dividend Growth Strategy are included in this schedule. Accordingly, there is no additional fee for this
investment strategy. The fee schedule and our minimum quarterly fee may be negotiable in some
situations.

                  Assets Under Management & Advisement                 Annual Fee
                First $500,000                                           0.80%
                Next $500,000                                            0.60%
                Next $2,000,000                                          0.50%
                Next $2,000,000                                          0.35%
                Next $5,000,000                                          0.20%
                Thereafter                                               0.15%

A fixed fee may be agreed upon with the client in some situations. The size and types of investments to be
made, the form and frequency of client meetings and other factors are considered in determining if a fixed
fee is appropriate and the amount of the fee. A fixed fee could result in a fee that is greater than the fee
calculated based on the schedule.

Fees are billed quarterly in arrears. For example, the fee for the quarter ending September 30 is based on
assets under supervision as of September 30. One fourth of the calculated annual fee will be billed on or
around October 1. The fee for the quarter in which services begin is prorated from the date of the
investment advisory contract to the end of the quarter.

We provide our clients with a quarterly fee statement. Clients authorize the custodian who is holding their
funds and securities (in most cases Charles Schwab & Co., Inc.) to deduct the fee from one or more of
their accounts in accordance with instructions we prepare and submit to the custodian. Any other payment
arrangement must be approved by us. The custodian provides the client with periodic account statements
that reflect all fee payments to D C Voss & Company. It is the client’s responsibility to verify the
accuracy of the fee calculation. The custodian will not determine whether the fee has been properly
calculated.

Clients can terminate an investment advisory contract by providing us with written notice. In these
situations, the client will be billed pro rata from the end of the previous quarter, or the date of the
Advisory Agreement, whichever is more recent, to the termination date.

Fees charged by mutual funds, exchange-traded funds and separate account managers are in addition to
the fees charged by D C Voss & Company. Clients may also incur transaction fees or commissions to
brokerage firms to buy and sell securities.

D C Voss & Company and the client enter into a Financial Advisory Services Agreement prior to
providing services. The client can terminate the Agreement without incurring fees within five business
days of signing the Agreement. After five days, services will continue until either party terminates the
Agreement by written notice.

Retirement plan rollovers present the potential for conflicts of interest. A client or prospective client
leaving an employer typically has four options regarding an existing retirement plan and may engage in a
combination of these options: 1) leave the money in the former employer’s plan, if permitted, 2) rollover
the assets to a new employer’s plan, if one is available and rollovers are permitted, 3) rollover the assets
to an Individual Retirement Account (“IRA”), or 4) cash out the account value, which could result in
adverse tax consequences. D C Voss & Company typically advises on employer sponsored retirement
plan accounts for clients and applies our advisory fee to plan assets. Under these circumstances, there
would likely not be a conflict of interest in recommending a rollover of plan assets to an IRA that we
manage. If D C Voss & Company provides a recommendation as to whether a client should engage in a
rollover or not, we are acting as a fiduciary within the meaning of Title 1 of the Employee Retirement
Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing

retirement accounts. No client is under any obligation to roll over retirement plan assets to an account
managed by D C Voss & Company regardless of whether the rollover is from a retirement plan or an
existing IRA.

When D C Voss & Company makes rollover recommendations, we operate under rules that require us to
act in the client’s best interests and not put our interests ahead of theirs. These rules require us to:

    • Meet a professional standard of care when making investment recommendations (i.e. give prudent
      advice);
    • Never put our financial interests ahead of the clients when making recommendations (i.e. give
      loyal advice);
    • Avoid misleading statements about conflicts of interest, fees and investments;
    • Charge no more than a reasonable fee for our services; and
    • Provide clients with basic information about conflicts of interest.

Performance-Based Fees and Side-By-Side Management

We do not charge performance-based fees. This is an arrangement whereby the fee is based on capital
gains or capital appreciation of the assets in the client account. Side-by-side management refers to the
practice in which an investment firm simultaneously manages multiple products such as a mutual fund
and a hedge fund. This can create conflicts of interest. This does not apply to us as we do not manage
mutual funds, hedge funds or other financial products.

Types of Clients

D C Voss & Company provides investment advisory and financial planning services to individuals, trusts,
charitable and other not-for-profit organizations. Most of our clients are individuals who have a net worth
exclusive of their residence that is greater than $1 million and/or annual income more than $250,000.

While we do not have a minimum account size, we do have a minimum quarterly fee of $1,000. If a
client has less than $500,000 under our management/supervision, the minimum will result in a percentage
fee that is greater than the 0.80% annual fee shown on the fee schedule.

Methods of Analysis, Investment Strategies, and Risk of Loss

D C Voss & Company uses asset allocation strategies for portfolio management. We primarily utilize
mutual funds and exchange-traded funds to invest client accounts. To a lesser extent, we utilize individual
fixed income securities such as U.S. government bonds, certificates of deposit, corporate bonds and
preferred stocks. We utilize services such as Morningstar to evaluate mutual funds and exchange-traded
funds. Fundamental analysis is used to evaluate stocks for Dividend Growth Strategy accounts.

By its nature, financial planning looks to the long-term. After the client's short-term cash needs and
emergency fund is evaluated, investment strategies are designed to help the client achieve their longer-
term financial goals.

While there is risk associated with all investments, some carry a greater degree of risk and/or higher costs.
There is no guarantee that the investment strategy selected for the client will result in the client’s goals

being met, nor is there any guarantee of profit or protection from loss. For those investments sold by
prospectus, clients should read the prospectus in full.

The risks identified below are those that we believe could affect the performance of our clients’ accounts.

   •   Stocks (and mutual funds and exchange-traded funds that invest in stocks) are subject to market
       risk which means their value increases and decreases with overall changes in the stock market. We
       generally do not attempt to sell these investments in anticipation of or during market declines.
   •   Stocks are subject to business risk which means they may underperform other stocks due to their
       business model, management decisions, product obsolescence, technological and regulatory
       changes, weather and environmental conditions, pandemics, geopolitical issues, etc. We attempt to
       minimize this risk by diversifying client portfolios.
   •   Fixed income securities are subject to interest rate risk which means that their value will likely
       decline when interest rates rise. They are also subject to credit risk which means the issuer could
       default on principal and/or interest payments.
   •   High yield securities are corporate or municipal debt securities rated below investment grade.
       These securities have a higher likelihood of default than investment grade debt.