Lincoln Advisory Group LLC

Item 5 – Fees and Compensation

Management fees are negotiable.

The specific manner in which fees are charged by and paid to LAG is established in the client’s
written agreement with the Firm. Clients may elect to be billed directly for fees or to

authorize the Firm to directly debit fees from client accounts. If clients elect to authorize the
Firm to directly debit fees from their accounts, clients should review the billing invoice to verify
the fee calculation and the corresponding debit as reflected in their account statement provided
by their custodian.

Lincoln Advisory Group’s fees may include base and incentive fees as established in the
client’s written agreement with the Firm.

In certain instances, Lincoln Property Company entities which are affiliates of Lincoln
Advisory Group earn property level fees as established in the client’s written agreement with
the Firm.

Base Fee

LAG generally receives a Base Fee payable quarterly in arrears, computed as a percentage of
gross assets under management.

Incentive Fee

LAG’s fee arrangement with the client includes an Incentive Fee for certain deals, which is
assessed at agreed upon intervals as established in the client’s written agreement with the
Firm. LAG’s fee arrangement with clients generally includes an Incentive Fee calculated as
the amount equal to an agreed upon percentage return over an agreed upon internal rate of
return or similar hurdle rate.

To the extent the Incentive Fee described above constitutes the type of performance-based
fee contemplated by Section 205(a)(1) of the Investment Advisers Act of 1940, as amended
(the “Act”), LAG charges this fee in compliance with Rule 205-3 under the Act.

Termination

Generally, investment management services provided by LAG are terminable by either party
upon 60 days’ prior written notice, unless otherwise specified in the Investment
Management Agreement. In the case of any termination, management fees, incentive fees or
other fees will be determined through the date of termination.

Accounts initiated or terminated during a calendar quarter will be charged a prorated fee.
Upon termination of any account, any prepaid, unearned fees will be promptly refunded, and
any earned, unpaid fees will be due and payable.

Other Fees and Expenses

LAG’s fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses which shall be incurred by the respective client. Clients may incur certain
charges imposed by custodians, brokers, and other third-parties such as fees charged by
property managers, custodial fees, transfer taxes, wire transfer and electronic fund fees, and
other fees and taxes on transactions.

Item 12 further describes the factors that LAG considers in selecting or recommending
brokers for clients’ transactions and determining the reasonableness of their compensation.

In certain instances, clients or properties held by such clients pay expenses to LAG affiliates
for services provided to the properties in a client’s portfolio, such as property management
or leasing agency services, as established in the client’s written agreement with the Firm.
Investments held by clients will bear their own reasonable expenses related to the
acquisition, financing, and operation of such properties.

Item 7 – Types of Clients

Lincoln Advisory Group provides portfolio management services to pension and profit-
sharing plans.