Monte Financial Group LLC

Item 5 Fees and Compensation

MFG employs one of three methods to obtain compensation for our services. The method used depends on the service
the client requires, as well as his or her specific needs. Each of these methods is governed by the client’s agreement
with MFG.

PRIVATE WEALTH SERVICES

         Private Wealth Investment Management – Asset-based Management Fee

MFG charges an annual management fee for Private Wealth Investment Management services (“Management Fee”).
The asset-based Management Fee has a reduced percentage based on reaching certain thresholds of the market value
of the client’s total assets under MFG’s management. The maximum account fee is 1.00%. The fee is a flat fee based
on the total household value. The Management Fee is paid quarterly in advance based upon the market value of the
assets on the last day of the previous quarter. The market value is based on the records of the institution retained by
the client to provide custodial services (Custodian).

Where we have delegated the active discretionary management of all or part of client assets to one or more Independent
Investment Managers, ETFs and/or mutual funds, clients will pay such separate fees, in addition to our Management
Fee, as may be set forth in a separate written agreement between the client and the designated Independent Investment
Managers or the prospectus of the ETF and/or mutual fund. We will continue to render our services to clients relative
to the supervision and ongoing monitoring and review of account performance, asset allocation, and investment
objectives, for which services we shall be paid our Management Fee as set forth above.

Limited Negotiability of Management Fees: Although MFG has established standard fee schedule(s), we retain the
discretion to negotiate alternative fees on a client-by-client basis. Client facts, circumstances and needs are considered

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in determining the fee schedule. These include the complexity of the client, assets to be placed under management,
anticipated future additional assets; related accounts; portfolio style, account composition and reports, among other
factors. Each client’s specific annual Management Fee schedule is set forth in their Investment Management
Agreement. Except for changes in Management Fee rates in accordance with the assets under management tiers set
forth in each client’s specific annual Management Fee schedule, no increases in Management Fee rates shall be
effective unless and until MFG has given the client prior notice as required by their Investment Management
Agreement.

We may group certain related client accounts for the purposes of achieving the minimum account size and determining
the annualized Management Fee. We also reserve the right to reduce or waive Management Fees for services provided
to family members and friends of individuals associated with our firm. Such rates are not available to all of our Private
Wealth Investment Management clients.

Investment Management Fees in General: Clients are subject to MFG’s Management Fees in effect at the time the
client entered into the advisory relationship. Therefore, our firm’s standard advisory fees will differ among clients.
Clients should note that similar advisory services may (or may not) be available from other registered (or unregistered)
investment advisers for similar or lower fees.

Payment of Management Fees: As mentioned above, Management Fees are payable quarterly in advance. For the
initial quarter of investment management services, the first quarter’s fees shall be calculated on a pro rata basis.

If assets are deposited into an account after the inception of a quarter that exceed $100,000, the fee payable with
respect to such assets will be prorated based on the number of days remaining in the quarter.

Clients may withdraw account assets on notice to MFG, subject to the usual and customary securities settlement
procedures. For partial withdrawals in excess of $100,000 within a billing period, MFG shall credit any unearned fee
towards the next quarter’s Management Fee. However, MFG designs its client portfolios as long-term investments
and assets withdrawals may impair the achievement of a client’s investment objectives.

Management Fees may be paid, at the client’s option, by:

         •    Deducting directly from the account from which services were provided
         •    Deducting from a directed account for cumulative services
         •    Direct billing to client

The Investment Management Agreement and/or a separate agreement with the custodian will govern the form of
payment. Such agreements may authorize MFG to debit the client’s account for payment of Management Fees and
the custodian to directly remit that management fee to MFG in accordance with applicable custody rules.

Termination of the Investment Management Relationship: A client Investment Management Agreement may be
terminated at any time, by either party, for any reason upon receipt of written notice to terminate by either party to the
other, which written notice must be manually signed by the terminating party. Upon termination, MFG will refund any
unearned, prepaid Management Fees from the effective date of termination to the end of the quarter. The Investment
Management Agreement with MFG is non-transferable without the client’s prior consent.

         Private Wealth Financial Planning – Fixed Fee

MFG’s Financial Planning fees (“Financial Planning Fees”) are determined based on the nature of the services being
provided and the complexity of each client’s circumstances. All Financial Planning Fees are agreed upon prior to
entering into a Financial Planning Agreement with the client. MFG requires a deposit of up to 50% of the Financial
Planning Fee, payable in advance upon execution of the Financial Planning Agreement. The balance will be due and
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Item 7 Types of Clients

MFG’s provides Private Client Investment Management and other related advisory services to individuals and high
net worth individuals, including their families, and affiliated parties, including trusts formed by such individuals, their
estates, charitable giving account and IRA’s. MFG also provides Institutional Investment Management services to
institutional clients, which typically include foundations, trusts, endowments, large corporations and other registered
investment advisors.

As a condition for engaging and retaining our firm for investment management services, MFG’s minimum account
size for Private Wealth clients is $500,000, but from time-to-time MFG offers exceptions to this minimum.

The minimum account size for Institutional Separate Account Management clients is $1,000,000. The minimum
account size for Institutional Sub-Advisory clients is $500,000, but from time-to-time MFG offers exceptions to this
minimum.

Clients are subject to MFG’s minimum account requirements in effect at the time the client entered into the advisory
relationship. Therefore, our firm’s minimum account requirements will differ among clients. MFG may consider the
following factors, among others, when determining whether to make an exception to the minimum account size:

         •    Pro Bono Publico: Work we have undertaken voluntarily and without payment as a public service
         •    Clients who are related to individuals associated with MFG
         •    Pre-existing clients of MFG’s financial advisors
         •    Account composition
         •    Anticipated future earning capacity of the client
         •    Anticipated future additional assets of the client
         •    Related accounts of the client
         •    Account retention

Grandfathering of Minimum Account Requirements: As previously disclosed in Item 5, our firm has established
certain minimum account requirements to maintain an account, based on the nature of the service(s) being provided.
However, pre-existing advisory clients are subject to MFG’s minimum account requirements in effect at the time the
client entered the advisory relationship. Therefore, our firm’s minimum account requirements will differ among
clients.