Mitchell Sinkler & Starr Inc

Item 5: Fees & Compensation

MS&S is compensated for its services by applying the following fee schedule to the market value
of the account on the last day of the calendar quarter. The fee schedule is stated as an annual fee,
so each account is charged one fourth the calculated fee based on the quarter-end market value of
the account, payable in advance. This schedule was effective as of April 1, 2024.

MARKET VALUE OF ACCOUNT(S)                         ANNUAL FEE

$2 Million (Minimum)                               0.75%

$2 Million to $5 Million                           $15,000 plus 0.50% of assets over $2 million

$5 Million to $10 Million                          $30,000 plus 0.25% of assets over $5 million

$10 Million to $24 Million                         $42,500 plus 0.125% of assets over $10 million

Over $24 Million                                   0.25% on All Assets

Our fees are expressly low by industry standards as we understand that the more money our clients
retain, the more their account can grow over time.

Employee, family, and other related accounts pay the fee schedule shown above. For the purpose
of calculating fees, related accounts may be aggregated at MS&S’s discretion. Fees may also be
negotiated at MS&S’ discretion. A fee reduction of 10% will be considered for accounts of non-
profit organizations.

In select cases, and with approval from management, portfolio managers of MS&S may choose to
act as an independent trustee. In such cases, we reserve the right to add a surcharge to our advisory
fee, which will be fully disclosed in a new contract with the client.

Contracts are effective from the initial date until the last day in a calendar quarter in which one party
shall notify the other in writing of its desire to cancel. If the contract is cancelled by either party prior
to the end of the last quarter for which the account has been billed, MS&S will refund any prepaid
fees, prorated from the date of termination through the end of the quarter for which fees were

prepaid. For custody accounts, clients may elect to be billed or to have fees deducted directly from
their MS&S account. For non-custody accounts, clients may elect to be billed or authorize MS&S
to collect fees from their custodian.

At times, client assets may be invested in mutual funds or exchange traded funds. When invested in
these funds, clients are essentially paying two management fees – one to MS&S and the other to the
manager of the mutual fund or money market fund. MS&S does not accept any compensation for
the sale of these funds.

The purchase and sale of securities in client accounts will result in brokerage and other transaction
costs. For more information, please refer to “Item 12: Brokerage Practices” in this brochure.

Item 7: Types of Clients

MS&S is prepared to handle various types of accounts, including those of individuals and families,
estates and trusts, and foundations and non-profit organizations.

MS&S imposes a minimum size restriction of $2,000,000 for new client relationships. MS&S may
waive the size restriction at its discretion.