Minot Deblois Advisors LLC

Item 5          Fees and Compensation

   A. Minot DeBlois Advisors’ compensation is based on the market value of assets under
      management, and MDA receives compensation in the following manner:

         (1) Except as provided in paragraph (2) immediately below – MDA charges the
             following fees:

            a. For accounts up to $2.5 million in value – 0.70% per annum;
            b. For accounts over $2.5 million in value – 0.70% on the first $2.5 million.,
               plus 0.50% for the portion of the account’s value over $2.5 million;
            c. There is a minimum fee of $2,500 per annum.

         (2) For trusts, estates and foundations covered by MDA’s contract with Rice,
             Heard & Bigelow – there is no direct charge for MDA’s services. Rather,
             MDA’s compensation is paid by Rice, Heard & Bigelow under a master
             contract between the two firms.

   B. MDA’s fees may be subject to negotiation on a case-by-case basis.

   C. The specific manner in which fees are to be collected is described in the advisory
      contract signed by both the client and MDA, and will be mutually acceptable to
      both. Fees are charged and due quarterly in arrears and, except for trust accounts
      managed at Rice, Heard & Bigelow, typically the custodian automatically deducts
      the fee and pays it to MDA. As noted immediately above, any compensation due
      MDA from Rice, Heard & Bigelow is covered in the master contract between the
      two firms.

   D. In addition to MDA’s fees, clients are responsible for custody costs, brokers'
      commissions, dealer spreads and other costs associated with the execution of
      securities transactions. MDA’s fee is also separate from fees and expenses
      charged by mutual funds, money market funds, Exchanged Traded Funds (ETFs)
      or other securities held in client accounts.

   E. Clients do not pay MDA’s fees in advance.

   F. Neither MDA nor any of its employees accepts compensation for the sale of
      securities or other investment products, including asset-based sales charges or
      service fees from the sale of mutual funds.

Page 4                                                                 December 31, 2025

                                 MINOT DEBLOIS ADVISORS
                                    FORM ADV Part 2A

Item 7          Types of Clients

Minot DeBlois Advisors has a wide variety of clients, including individuals, businesses, and
fiduciaries of trusts and foundations. The vast majority of MDA’s clients are trustees of trusts
who are shareholders of Rice, Heard & Bigelow.

There is no minimum account size although there is a minimum annual fee of $2,500, as
described in Item 5.A.(1), above.