Neville Rodie & Shaw Inc

Item 5 – Fees and Compensation

Generally, NRS’s investment management fees are calculated as a percentage of assets under
management according to the following fee schedule:

      Assets under management                     Annual Fee (%)
      First $5,000,000                            1.00%
      On the next $5,000,000                      0.75%
      On the next $15,000,000                     0.50%
      On the remainder of the balance             0.40%

Certain relationships may be charged a fixed or different fee schedule based on a percentage
of assets under management, ranging from 0.20% to 1.45%.

Based on its operational history since 1933, NRS will have additional fee arrangements with
legacy clients who initiated their relationship with NRS under fee schedules that have since
been amended. Fees for certain accounts involving special holdings or inactive securities are
modified by negotiation. Two or more accounts of an immediate family group can be
combined for fee purposes.

Additional Information

All fees are subject to negotiation depending on client relationships, size, and servicing
requirements.

Fee Payment Information

The specific manner in which fees are charged by NRS is established in a client’s written
agreement with NRS. NRS will generally bill its fees quarterly, semi-annually, or in limited
circumstances, annually. Clients may also elect to be billed directly for fees or can authorize
NRS to directly debit fees from client accounts. Accounts initiated or terminated during a
calendar quarter will be charged a prorated fee based on the number of days of account
management. Generally, any prepaid fees for days on which NRS is no longer managing the
account are returned to a client if the client terminates before the end of a billing period.
Based on its operational history, NRS may have additional billing arrangements with clients
that differ from those noted above.

Termination Provisions

A client agreement may be cancelled at any time, by either party, for any reason upon receipt
of written notice. Upon termination of any account, any prepaid, unearned fees will be
promptly refunded, and any earned, unpaid fees will be due and payable.

Other Costs

NRS believes its fees are similar to those charged by many other investment counsel firms
for similar services; however, comparable service may be available from other sources for
lower fees.

NRS’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 investment, and other third parties such as fees
charged by 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 NRS’s fee, and NRS shall not receive any
portion of these commissions, fees, and costs.

Item 12 further describes the factors that NRS considers in selecting or recommending
broker-dealers for client transactions and determining the reasonableness of their
compensation (e.g., commissions).

Item 7 – Types of Clients

NRS provides investment management services to individuals, including high net worth
individuals, trusts, charitable organizations, foundations, endowments, qualified retirement
plans, and other corporations and institutions.

Conditions for Managing an Account

NRS generally requires a minimum account size of $1,000,000 for investment management
services, to which exceptions are occasionally made for relatives and friends of existing
clients.