Mattern Capital Management LLC

Item 5 – Fees and Compensation

Mattern Capital offers investment and wealth management services for an annual fee based on the
amount of assets under the firm’s management. The specific manner in which fees are charged by
Mattern Capital is established in a client’s written investment advisory agreement. Mattern Capital
will generally bill its fees in arrears each calendar quarter based on the client’s average daily balance.
Clients may elect to be billed directly for fees or to authorize Mattern Capital to directly debit fees
from the client’s portfolio accounts. 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.

For investment and wealth management services Mattern Capital provides with respect to certain
client holdings (e.g., held-away assets, 529 plans, etc.), Mattern Capital may negotiate a fee rate that
differs from the range set forth below. Mattern Capital, may, in its sole discretion, negotiate to
charge a lesser fee based upon certain criteria, such as anticipated future earning capacity,
anticipated future additional assets, dollar amount of assets to be managed, related accounts,
account composition, pre-existing/legacy client relationship, account retention and pro bono
activities. Clients should note that similar advisory services may be available from other registered
investment advisers for similar or lower fees. Mattern Capital also charges clients a fee when
aggregating outside accounts in performance reports (“Reporting Accounts”) but reserves the right to
waive this fee in its sole discretion. Mattern Capital does not provide any investment advice on
Reporting Accounts, nor will Reporting Accounts be considered in any investment decisions or
recommendations made for a client.

Mattern Capital’s fees are exclusive of brokerage commissions, transaction fees, and other related
costs and expenses which shall be incurred by the client. Clients may incur certain charges imposed
by custodians, brokers, third-party investments and other third parties such as fees charged by
independent managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes,
wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Mutual funds and exchange traded funds also charge internal management fees, which
are disclosed in a fund’s prospectus. Such charges, fees and commissions are exclusive of and in
addition to Mattern Capital’s fee, and Mattern Capital shall not receive any portion of these
commissions, fees, and costs.

As part of our investment advisory services, Mattern Capital may provide clients advice on
insurance products. Clients who choose to implement any insurance product recommendations
provided by Mattern Capital must do so through an insurance agent. Mattern Capital may refer
clients to an insurance agent and will not receive any compensation for such referral. Mattern
Capital will not receive any commissions or benefits, either directly or indirectly, for any such
transactions.

Mattern Capital has contracted with multiple broker-dealers and custodians for services including
trade processing, collection of management fees, record maintenance, report preparation, marketing
assistance and research. Item 12 further describes the factors that Mattern Capital considers in
selecting or recommending broker-dealers for client transactions and determining the reasonableness
of their compensation (e.g., commissions).

Mattern Capital’s standard tiered fee schedule is as follows:

             Assets Under Management                    Annual Advisory Management Fee
                  First $2,000,000                                  1.25%
                  Next $3,000,000                                   0.875%
                  Next $5,000,000                                   0.65%
                 Next $10,000,000                                   0.55%
              Assets over $20,000,000                             Negotiable

This fee schedule may be based on cumulative household assets under management. However,
certain ERISA rules prevent householding corporate plans with personal assets for fee reduction.

Independent Managers

Any Independent Manager used to manage all or a portion of an account will determine the manner
in which advisory fees are billed (in advance or arrears). You should refer to the manager’s Form
ADV Part 2A Brochure for additional information on how fees are paid for their services.

Separate Financial Planning and Consulting Fee

Fees for financial planning and/or consulting services can be billed on a project, fixed rate, or an
hourly rate of $350 per hour. There is no minimum fee required for this service, however the
financial analysis fee shall not exceed $20,000. Mattern Capital requires a retainer for the services
which is payable upon entering the agreement. The balance of the fee is due and payable upon
receipt of the final consulting or planning services. Mattern Capital may agree with clients to charge
fixed fees for consulting. Based on the task(s) to be performed, Mattern Capital and the client may
agree on a fixed fee based on an estimate of the number of hours necessary for completion. Mattern
Capital may request a deposit to initiate consulting services. Mattern Capital will not request the
prepayment of fees more than $1,200 more than six months in advance.

Mattern Capital may retain or consult with qualified and properly licensed experts to assist in the
preparation of financial plans. Such experts may include investment advisers, benefit planning
specialists, and life and disability insurance agents or brokers and will be retained at no additional
cost, unless specifically disclosed in advance.

Item 7 – Types of Clients

Mattern Capital provides portfolio management services to individuals, high net worth individuals,
pension and profit-sharing plans, trusts, estates, family entities, charitable institutions, foundations,
corporations, and other business entities.

Mattern Capital generally requires a minimum household value of $1,000,000. The firm, in its sole
discretion, may accept client with smaller portfolios based upon each client’s particular
circumstances as it deems appropriate. Mattern Capital may aggregate the portfolios of
family/household members to meet the minimum portfolio size.

Additionally, certain Independent Managers may impose more restrictive account requirements and
varying billing practices than Mattern Capital. In such instances, Mattern Capital may alter its
corresponding account requirements and/or billing practices to accommodate those of the
Independent Managers.