Gilbert Capital Group Inc

Item 5                                                                    Fees and Compensation

Fees for investment management services are charged quarterly, in advance, based upon assets
under management, at the following rates:

Assets                                        Annual Rate

On the first $500,000                            1.25%
On the next $500,000                             1.00%
On the next $2,000,000                           0.75%
On amounts over $3,000,000                       0.35%

Assets managed for family accounts will be pooled for the calculation of fees. Pooled fees are
calculated on the basis of the combined total and billing statements will report each account’s fee
as a percentage of the total fee. Fees may be negotiated to meet individual circumstances.
Gilbert Capital Group does not charge or accept performance-based fees.

Fees charged to charitable or not-for-profit organizations will be reduced by 25%.

The investment management agreement may be terminated by the client or by Gilbert Capital
Group at any time without penalty. All unearned fees will be refunded to the client following
written notification that the agreement has been terminated.

Fees charged by Gilbert Capital Group do not include brokerage commissions or transaction fees
that may be charged by the broker or securities custodian. No brokerage commissions,
transaction fees, or distribution fees are paid to Gilbert Capital Group.

By agreement with each client, billing of investment management fees is forwarded to and paid
by the securities custodian from the client’s investment account. Clients may elect to have
billing of investment management fees sent to them rather than to the securities custodian. By
agreement, fees more than 60 days past due will be forwarded to the securities custodian for
payment from the investment account. Clients may also select one account from a group of their
accounts from which fees should be deducted.

Clients receive a copy of their billing statements quarterly. In addition, clients receive quarterly
and year-end reports from Gilbert Capital Group which include a listing of fees paid during that
calendar year. If fees are deducted from their account, their monthly brokerage or securities
custodian statement reports that investment management fees have been paid. Reports of fees
paid in prior years are available upon request.

Item 7                                                                        Types of Clients

Gilbert Capital Group provides investment management services to individuals, families,
personal retirement plans, charitable organizations, corporate investment accounts, and trusts.
There is not a minimum balance required to open an account with Gilbert Capital Group.