Loring Wolcott & Coolidge Fiduciary Advisors LLP

ITEM 5 - FEES AND COMPENSATION

The Advisor has a standard fee schedule that applies to trusts and investment accounts. The
schedule is based on assets under management and the income collected from those assets. The
principal fee is a graduated fee based on assets under management: 0.9% is charged on the first
$3,000,000 under management, 0.6% on the next $3,000,000, and 0.3% on the balance of the
assets. Certain security types are excluded when calculating the principal fee. The income fee is
5% and is charged on all interest and dividends collected. There are a small number of accounts
that pay a flat quarterly or annual fee.

                                          Principal Fee

                     Market Value                     Rate

                     First $3,000,000                 0.9%

                     Next $3,000,000                  0.6%

                     Balance                          0.3%

                                           Income Fee

                     Income                          Rate

                     Interest and Dividends          5.00%

The fee charged by the Advisor is sometimes modified based on special circumstances that apply
to a particular account. This may be in the form of discounts, which could involve excluded assets,
or might involve combining accounts into a single master account.

Fees are generally collected quarterly in arrears, based on the market value at the end of the last
business day of the quarter. Fees are generally deducted from client accounts by the custodian,
but there are circumstances where fees are paid from other accounts or billed separately.
Discounted fees are charged to partners and employees of the Advisor and their families.

The principal and income fees cover a variety of services, which include investment management,
trust administration, custody, and ancillary services. The fees do not include certain charges for
tax services, bill payment services, estate settlement and administration, brokerage
commissions, or other administrative fees, which are charged separately. The principal and
income fees do not include the management fees charged by mutual funds, exchange traded
funds, real estate investment trusts, and similar securities. A tax service fee will be charged based
on the complexity of the return and the size of the account for fiduciary tax returns prepared by
our tax department. Tax returns for individuals and charitable foundations that choose to retain
our tax department as their preparer, are billed on an hourly basis. Special fees may be charged
for bill payments, wire transfers, and extraordinary services. A fee of not more than one percent
of the market value may be charged on the termination of an irrevocable trust.

The fees are divided among the Advisor, our primary custodian Loring, Wolcott & Coolidge Trust,
LLC (the “Trust Company”), the partners of the Advisor, and any outside fiduciaries pursuant to
the service agreements among these parties.

ITEM 7 - TYPES OF CLIENTS

Most of our business focuses on the management of investments for individuals and trusts. We
handle investment management and investment advisory accounts, and we manage various
types of retirement accounts. We provide advice to the trustees of revocable, irrevocable, and
testamentary trusts. We also manage the investments for foundations, endowments, and other
entities that require these services.

Our focus is on high net worth individuals. We generally require $2,000,000 in investable assets
to establish an account relationship with us. The account minimum acts as a guideline for the
acceptance of new business. There are sometimes circumstances that justify a waiver of these
guidelines, such as accounts for family members of our existing clients that are less than this
amount.