Eastover Investment Advisors LLC

Item 5 - Fees and Compensation

General Fee Information
Fees paid to Eastover are exclusive of all custodial and transaction costs paid to the client’s custodian,
brokers or other third-party consultants. Please see Item 12 – Brokerage Practices for additional
information. Fees paid to Eastover are also separate and distinct from the fees and expenses charged
by mutual funds, ETFs (exchange traded funds) or other investment pools to their shareholders
(generally including a management fee and fund expenses, as described in each fund’s prospectus or
offering materials). The client should review all fees charged by funds, brokers, Eastover and others
to fully understand the total amount of fees paid by the client for investment and financial-related
services.

Portfolio Management Fees
The annual fee schedule, based on a percentage of assets under management, is as follows:

               Asset Amount            Annual Fee
               First $2,500,000         1.00%
               Over $2,500,000          0.75%

The minimum annual fee for any portfolio is $5,000. Eastover may, at its discretion, make exceptions
to the foregoing or negotiate special fee arrangements where Eastover deems it appropriate under
the circumstances.

Portfolio management fees are generally payable quarterly, in advance. If management begins after
the start of a quarter, fees will be prorated accordingly. With client authorization, unless other
arrangements are made fees are normally debited directly from client account(s).

Either Eastover or the client may terminate their Investment Advisory Agreement at any time, subject
to any written notice requirements in the agreement. In the event of termination, any paid but
unearned fees will be promptly refunded to the client based on the number of days that the account
was managed, and any fees due to Eastover from the client will be invoiced or deducted from the
client’s account prior to termination.

Item 7 - Types of Clients

Eastover serves individuals, high net worth individuals, pension and profit-sharing plans, and
charitable organizations. With some exceptions, the annual minimum fee charged is $5,000. Under
certain circumstances and in its sole discretion, Eastover may negotiate such minimums.