Emerald Investment Advisers LLC

Item 5: Fees and Compensation

EIM LLC is paid a fee based on a percentage of assets under management. Fees are based on the
total portfolio values and will be billed quarterly in arrears. Fees can be negotiated. Fee schedules
may vary depending upon a number of factors including but not limited to: related/affiliated
accounts, size, investment objective and reporting complexity.

EIM LLC’s management agreement may be terminated by either party with thirty days prior
written notice.

Wrap Programs and Model Programs (collectively, the “Programs”), as described in Item 4 are
sponsored by unaffiliated investment advisory and/or brokerage firms. Clients in these Programs
should carefully review the Wrap or Model Sponsor’s Form ADV for complete details regarding
each Program, including the risks, fees and expenses of the Programs. The minimum account size

of such Programs is determined by the Wrap or Model Sponsor, and EIM LLC reserves the right to
waive or reduce the minimum account size at its discretion. Clients participating in these
Programs may be charged various Program fees in addition to the advisory fee charged by EIM
LLC.

Account Minimums:

The minimum account size for SMA clients in EIM LLC’s strategies varies, with some strategies
requiring as low as $50,000 and other strategies requiring $1,000,000 to $5,000,000. EIM LLC
may, in its sole discretion, waive its minimum account size and/or minimum fee based upon
certain criteria (e.g., historical relationship, type of assets, anticipated future earning capacity,
anticipated future additional assets, dollar amounts of assets to be managed, related accounts,
account composition, negotiations with clients, etc.).

Brokerage Commissions and Fees:

In addition to EIM LLC’s advisory fees, clients pay brokerage commission, transaction fees, SEC
fees and similar related costs and expenses. Clients will also incur fees from their custodian as
well. These fees are not paid to EIM LLC. Please see item 12 for a further discussion of our

Item 7: Types of Clients

EIM LLC makes its advisory services available to a wide variety of clients, including but not limited
to, individuals, institutions, high-net worth individuals, investment companies (mutual funds and
ETFs), qualified retirement plans (pension, profit-sharing, SEP IRA, defined benefit), corporations
and other business entities, trusts, estates, charitable organizations, clients of independent
financial advisers, other registered advisers through sub-advisory agreements and wrap and
model portfolio programs.