Guiry Capital Management LLC

Item 5: Fees and Compensation

Investment Advisory Fees:
Clients pay Guiry Capital Management, LLC an investment advisory fee. The Investment Advisory
Fee Schedule is equal to either:

   •   1% of Client Assets under Investment Advisory (see Additional Notes below); or
   •   Fixed Dollar Amount (see Additional Notes below)

Additional Notes to Investment Advisory Fee Schedule:

Fee equal to Percentage of Client Assets under Investment Advisory: The 1% of Client Assets Fee
may be negotiable depending on the size and nature of the investment advisory relationship. This is
applicable to nondiscretionary and discretionary client accounts. In certain cases, GCM may charge
its fee based on the dollar amount allocated to an asset class and the fee charged to each asset class
may be at different fee rates.

Fee equal to Fixed Dollar Fee Amount: The Fixed Dollar Fee is a negotiated fee agreed to by Client
and Advisor. The Fee Amount may be adjusted on an annual basis. The Fixed Dollar Fee Amount
is applicable in the following special client cases:

(i) clients with assets under advisory equal to approximately $25 million or more on either a
nondiscretionary or discretionary basis;

Details of the investment advisory fee are more fully described in the Advisor’s investment
advisory agreement. Guiry Capital Management reserves the right to modify fees on a client by
client basis based on the size, complexity, and nature of the advisory services provided.

Fee Payment:
Clients are charged an investment advisory fee by Guiry Capital Management on either a quarterly
or monthly basis.

For clients that provide written authorization to their custodian broker-dealer, Guiry Capital
management will arrange to have its advisory/management fee automatically deducted from the
client’s brokerage account. In this case, the client’s custodian broker-dealer will send statements, at
least quarterly, to the client that will reflect the advisory fee paid to Guiry Capital Management.
Clients should review these statements.

In cases where Guiry Capital Management does not deduct fees from client assets, Guiry Capital
Management bills a client by invoice, and the client either wires funds or mails a check to Guiry
Capital Management. This invoice will require payment within thirty days after the mailing date on
the invoice.

Guiry Capital Management charges all new clients in advance, but may charge some clients in
arrears.

Clients charged in advance are billed based on: (a) the value of the assets under advisory at the
beginning of the quarter if the applicable fee is a Percentage of Assets Fee or (b) the negotiated
Fixed Fee.

Clients charged in arrears are billed based on: (a) the value of the assets under advisory at the end of
the quarter the applicable fee is a Percentage of Assets Fee or (b) the negotiated Fixed Fee.

Termination of Advisor Contract:
Clients have the right to terminate Guiry Capital Management’s advisory contract at any time
without penalty, with appropriate written notice as specified in the advisory agreement. Upon
termination of the advisory contract where the advisory fee is charged in arrears, fees will be

charged pro rata to the date of termination. Upon termination of an advisory contract before the end
of a billing period for clients that are billed in advance, the already billed quarterly fee is prorated
on the same basis, and the difference between the assessed fee and the pro-rated fee is refunded
promptly.

Additional Fees that may be incurred by clients:
Clients may incur additional fees or expenses associated with the investments recommended and
selected by Guiry Capital Management. These may include:

   •   Broker-dealer/custodian commissions and/or transactions fees on securities transactions
       done by Guiry Capital Management on client’s behalf in either a nondiscretionary or
       discretionary account. (see Item 12: Brokerage Practices).
   •   Mutual fund investments: charges imposed at the mutual fund level (i.e., management fees
       and other fund expenses).
   •   Separate account managers: management fees charged by the third party separate account
       manager, and commissions paid for effecting securities transactions within the separate
       account.
   •   ETFs (exchange-traded funds): fees charged within the exchange-traded fund.
   •   Private partnership investments: management fees charged by the general partner.

Other Compensation:
Guiry Capital Management, and its officers and employees do not receive any compensation for the
sale of securities or for its recommendations to invest in any investment. Guiry Capital
Management is not a broker dealer and does not share in any commissions paid to broker-dealers
for the execution of securities transactions for client accounts.

Note: Clients may be able to purchase certain investment products that Guiry Capital Management
recommends through other brokers or agents that are not affiliated with Guiry Capital Management.

Item 7: Types of Clients:
Guiry Capital Management provides investment advisory services to individuals and family groups,
trusts, charitable organizations, endowments, businesses and pension/retirement plans. Guiry
Capital Management’s minimum advisory relationship size is $3 million (which may be amended in
certain client circumstances).