Gallacher Capital LLC

ITEM 5 | FEES AND COMPENSATION

A.   Investment Advisory and Management Services
     The fee for IAS, OCIO, and the Platform (the “Fees”) are based on a percentage of the client’s
     assets as referenced on the schedules to the IAA.

     The maximum annual fees for IAS, OCIO, and the Platform are 1.5%, 0.50% and 0.50%,
     respectively. Refer to your agreement for specifics. Unless indicated otherwise on the IAA, all
     fees are deducted from the account and payable to FWD.

     Fees may be paid in arrears or advance, as indicated on the client’s IAA. Account fee payments
     are due and assessed at the beginning of each quarter based on the value of the assets under
     management as of the close of business on the last business day of the preceding quarter as

valued by an independent pricing service, where available, or otherwise in good faith as
reflected on a client’s quarterly portfolio evaluation report. In the event that initial assets are
transferred to the Adviser to open a new account during a quarter, the quarterly prorated fee
shall be paid within 30 days of the initial transfer of assets, in advance, based upon the market
value of the Account assets on the date of transfer. Additional deposits and withdrawals will
be added or subtracted from portfolio assets which may lead to an adjustment of the advisory
fee. Fees paid in arrears will be prorated for any partial billing periods based on the number
of days in the billing period during which the IAA was in effect. Fees paid in advance will be
refunded should the account be terminated before the end of the billing period; the refund
will be prorated based on number of days in the billing period through the effective date of
termination.

Accounts with alternative investments, including hedge funds and managed futures, will be
assessed an annual alternative investment administrative fee. This fee is variable depending
on custodian and will be disclosed on an account agreement. Unless FWD expressly agrees
otherwise in writing, account assets consisting of cash and cash equivalent positions are
included in the value of an account’s assets for purpose of calculating this fee. Clients can
advise FWD not to maintain (or to limit the amount of) cash or cash equivalent positions in
their account.

FWD’s fees are negotiated on a case-by-case basis. The final negotiated bill will vary based
upon objective and subjective factors including but not limited to: the amount of assets to be
managed; portfolio composition; the scope and complexity of the engagement; the
anticipated number of meetings and servicing needs; related accounts; future earning
capacity; anticipated future additional assets; the professional rendering the service; prior,
professional, or family relationships with FWD and its representatives; and negotiations with
the client. As a result of these factors, similarly situated clients could pay different fees, which
correspondingly impacts a client’s net performance. Moreover, the services to be provided by
FWD to any particular client could be available from other advisers at lower fees.

FWD reserves the right to waive or reduce any of these fees in its sole discretion. All fees
apply to cash and cash equivalents. FWD’s employees and family-related accounts are
charged a reduced fee for FWD’s services, and, as result, similarly situated clients could pay
different fees. In addition, similar advisory services may be available from other investment
advisers for similar or lower fees.

Financial Planning and Consulting Fees
FWD charges fees on a per plan basis (flat rate fee) and the amount of the fee is stated in
the Client Agreement.

The flat rate fee for financial planning and consulting services ranges from $2,500 to $20,000.
On a case-by-case basis, FWD may also charge a higher fee depending upon the complexity
of the plan. The fee is negotiated between the IAR and client and is stated in the Client
Agreement. FWD and the IAR share in the fee. The client may elect to pay the fee upon
execution of the Client Agreement, upon delivery of the services requested, or a combination

     of up front and in arrears. However, in no event will FWD solicit or require prepayment of
     $1,200 or more in fees, six months or more in advance.

     The client may terminate the agreement without penalty within five days of execution. After
     the five-day period, the client may terminate the agreement at any time and a refund of
     unearned fees, if any, will be made based upon the time and effort completed prior to
     termination of the agreement. The agreement terminates upon delivery of the plan or upon
     completion of consulting services. No refunds will be made after completion of the plan or
     delivery of the consulting services.

     Retirement Plan Consulting Servies
     The terms and conditions of the retirement plan consulting engagement will be set forth in an
     IAA or a separate Retirement Plan Consulting Agreement between FWD and the plan sponsor.
     v’s negotiable advisory fee for these services ranges between .25% and 1% of the value of
     retirement plan assets, depending on the scope of the engagement.

B.   Clients will have FWD’s advisory fees deducted from their custodial account. The applicable
     form of FWD’s Agreement and the custodial/clearing agreement may authorize the custodian
     to debit the account for the amount of FWD’s investment advisory fees and to directly remit
     the fee to FWD in compliance with regulatory procedures. If FWD bills the client directly,
     payment is due by check upon receipt of FWD’s invoice. For IAS, OCIO, Platform, and
     Retirement Plan Consulting Services, these asset-based fees will be deducted quarterly in
     advance or arrears, in accordance with the specific IAA, and based upon the market value of
     assets as of the close of business on the last day of the preceding quarter. In the event that
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ITEM 7 | TYPES OF CLIENTS
     FWD’s clients are generally individuals, high-net worth individuals, individual retirement
     accounts, pension and profit-sharing plans including plans subject to ERISA of 1974, trusts,
     estates, charitable organizations, corporations and other business entities. We do not have
     any minimum asset requirements or minimum fees, but we do reserve the right to accept or
     reject any client.