Gunn & Company Investment Management Inc

Item 5 – Fees and Compensation

GCIM’s annual fee for investment advisory services will be charged as a percentage of assets under
management. CPS’ annual fee for investment management services will also be charged as a percentage of
assets under management. The fees are represented in the table below. In limited circumstances and at
GCIM’s sole discretion, GCIM’s fees may be negotiable. In limited circumstances and at CPS’ discretion,
for accounts in excess of $5 million CPS’ fees may be negotiable.

Assets Under Management – Equity/Fixed Income              GCIM          CPS             Total Annual Fee
The portion of assets between $0 - $3M                    1.00%          0.500%          1.500%
The portion of assets between $3,000,000 and $5M          0.670%         0.330%          1.000%
The portion of assets over $5M                            0.500%         0.250%          0.750%

Additionally, GCIM offers 401(k) services to qualifying clients through CPS’ 401(k) Daily Valuation
program as described above in Item 4. GCIM’s annual fee for investment advisory services will be charged
as a percentage of assets under management. CPS’ annual fee for investment management services will
also be charged as a percentage of assets under management. The fees are represented in the table below
and are negotiable at GCIM and CPS’ sole discretion.

Assets Under Management – 401(k)                         GCIM             CPS              Total Annual Fee
The portion of assets up to $1,000,000,000               1.00%            0.500%           1.500%

The specific manner in which fees are charged is established in the client’s written investment advisory
agreement. GCIM bills fees quarterly in advance based on the market value of a client’s portfolio on the
last business day of the previous calendar quarter. New accounts are billed a prorated fee. Investment
advisory agreements may be terminated with 30 days written notice. Upon termination of an account, GCIM
will promptly refund a pro-rata portion of any unearned fees. Any earned, unpaid fees will be due and
payable.

Clients may but are not required to grant GCIM the authority to debit advisory fees for GCIM and CPS
directly from the clients’ accounts. If the client authorizes GCIM to debit fees, GCIM is deemed to have
custody of the client’s funds. Clients will receive a statement from the third-party custodian, usually
monthly but no less than quarterly, directly from their account custodian. GCIM urges clients to review the
information on the statement for accuracy and compare the information to any reports received directly
from CPS. Please refer to Item 15 of this document for additional information relating to custody.

Fees paid to GCIM are exclusively for investment advisory services. Clients may incur certain other charges
imposed by broker-dealers, custodians, and other third parties. Those fees may include, but are not limited
to, transaction fees, custodial fees, short-term redemption fees, mark-ups/mark-downs, dealer spreads, wire-
transfer fees, electronic fund fees, and taxes or other costs associated with the account, among other things.
Mutual funds, exchange-traded funds (“ETF”s) and other investment company securities also charge
internal management fees, which are disclosed in a fund’s prospectus. Additionally, a third-party
administrator is hired by CPS to perform accounting and document preparation functions. GCIM does not
receive any portion of these commissions, fees or additional expenses paid by the client. Item 12 further
discussed GCIM’s brokerage practices, including the process for selecting and recommending broker-
dealers and determining the reasonableness of the commissions and other fees charged to the client.

Item 7 – Types of Clients

GCIM generally provides investment advisory services to individuals, trusts, estates, corporations and small
business owners, pension plans, foundations and other charitable entities.

While GCIM does not require clients maintain a minimum account size, CPS may impose its own
minimums on the size of account they will accept.