Genereux Investment Management Inc

Item 5 – Fees and Compensation

In addition to the information provided in Item 4, Advisory Business, this section provides details
regarding each service’s fees and compensation arrangements.

We may offer an initial complimentary general consultation to discuss services available, needed and
desired and to determine the suitability of a potential client-advisor relationship. Investment advisory
services only begin after we formalize our relationship with you by signing an advisory agreement.
Once the relationship is initiated, we begin a data gathering and discovery process in a joint effort to try
to determine your personal needs, goals, intentions, time horizons, risk tolerance and investment
objectives.

Investment Management Services

With respect to our investment management services, we charge for investment management services
based on a percentage of assets under management. Fees are billed quarterly in arrears and are
calculated on the market value of the account as shown by the custodian on the last trading day of the
billable quarter.

Genereux Investment Management, Inc.                                                         Disclosure Brochure

An annual fee of 1% is charged on assets under management. In certain situations, we may negotiate
our fee according to individual circumstances (i.e., the size of the account, the complexity of services
required, pre-existing relationships, or referrals from existing clients or for family members of our
associated persons).

If asset management services are commenced in the middle of the initial billing period (other than the first
business day of the initial billing period), (a) the fee for the initial billing period is prorated based upon
value of the Account when the service commenced and the number of days that service was provided
during the initial billing period, and (b) the prorated fee for the initial billing period will be deducted in
arrears at the same time as the next full billing period’s fee is billed. With respect to the final billing
period, the fees for a billing period will be prorated based on the number of days that services were
provided during the billing period.

Fees may be billed directly to you or by a debit directly to your account by the qualified custodian.
Advisor will send you a fee billing invoice showing the amount of the fee to be deducted, the manner in
which the fee was calculated, any adjustments to the fee and an explanation of such adjustments. The
Securities and Exchange Commission and many state securities regulators have taken the position that
account access to facilitate fee deduction results in custody of funds unless certain safeguards are in
place. To avoid any issue of custody, we adhere to the following criteria when payment is made by the
custodian when debiting your account:

    (1) You provide written authorization permitting the fees to be paid directly from your account held by
        the independent and qualified custodian and that authorization is limited to withdrawing
        contractually agreed upon investment advisor fees.

    (2) You receive regular account statements (at least quarterly) from the qualified custodian that
        reflects our advisory fee deduction.

    (3) The frequency of fee withdrawal is specified in the written authorization/agreement.

    (4) The account custodian is advised in writing of our limited access to your account.

    (5) You can terminate the written billing authorization or agreement at any time.

You should review the fee billing invoice received from us and the account statements received from your
account custodian and verify that appropriate advisory fees are being deducted. If you have questions
about the fee billing invoice or the account statements, you should contact us or your custodian.

Charles Schwab does not generally charge separately for maintaining custody of your accounts, but other
qualified custodians selected by you may charge a separate custody fee. Account custodians may
charge brokerage commissions and/or transaction fees directly to you. We do not receive any portion of
the commission or fees from either the custodian or from you. In addition, you will incur certain charges
imposed by third parties other than us in connection with investments made through your account,
including, but not limited to, mutual fund sales loads, 12(b)-1 fees and surrender charges, variable annuity
fees and surrender charges and IRA and qualified retirement plan fees. Our management fees are
separate and distinct from the fees and expenses charged by investment company securities that may be
recommended to you. A description of these fees and expenses are available in each security
prospectus.

As stated in Item 4, financial planning services are provided as part of our investment management
services when Genereux Investment Management is providing investment management services for you
for a fee.

Investment management services continue until terminated, and either party can terminate services at
any time by providing written notice to the other. Termination is effective upon receipt of the notice. If

Genereux Investment Management, Inc.                                                         Disclosure Brochure

services are terminated within five business days of signing the client agreement, services are terminated
without fee or penalty and no fees are due.

Assets Under Investment Management Fee

An annual fee of 1% is charged on assets under consultation. Fees are billed quarterly in arrears and
calculated based on the fair market value of the assets on the last business day of the current billing
period, multiplied by the advisory fee, then divided by 4.

SubAdvisory Services of SpiderRock Advisors, LLC

Fees for subadviser services provided by SpiderRock Advisors, LLC to Genereux Investment
Management clients will be directed debited from your account in advance on a quarterly basis by the
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Item 7 – Types of Clients

We generally provide investment advice to the following types of clients:

    •    Individuals (including high net worth individuals)
    •    Trusts, estates, or
    •    charitable organizations

We provide advice and services to foundations and high net worth individuals.

Minimum Investment Amounts Required

We require a $1,000,000 minimum to establish and maintain a managed account; however, we reserve
the right to make exceptions to this minimum.