Oak Street Advisors Inc

Item 5: Fees and Compensation

How we are paid depends on the type of advisory service we are performing and may vary from client to
client depending on the type, size, complexity of the client account, or the vehicle in which a client
invests. Our clients’ assets are held on a discretionary or non-discretionary basis; however, we are no
longer accepting new non-discretionary relationships. Please review the fee and compensation
information below.

Fees may be paid as a percentage of assets, hourly or flat fee as determined by the services required, the
complexity of tasks involved, the time required, the amount of assets, and the nature of the relationship.
We reserve the right to waive or reduce certain fees based on unique individual circumstances, special
arrangements, pre-existing relationships, or as we may otherwise determine.

Oak Street Advisors generally does not permit mutual fund A shares. When A shares are considered due
to a long-term time horizon where the overall Client fees may be less than Institutional (I) shares, the
appropriateness of a brokerage account must first be considered.

A shares will be allowed on an exception only basis. Each exception must be approved by the CCO and
must document the approval in the Client file.

Financial Planning Fees

Oak Street Advisors charges $350 per hour for initial or ongoing financial planning services prior to
implementing the assets management fees listed below. Asset management fees begin once financial
planning is completed, accounts are transferred to Oak Street Advisors for ongoing asset management,
and plan recommendations begin to be implemented with the client. Once a client meets the minimum
$500,000 investment minimum, financial planning services will be included in the ongoing asset
management fee. This service may be terminated without penalty upon written notice. If termination
occurs prior to the end of a billing period, fees will be prorated in an amount equal to the portion of the
fee attributable to the unprovided services and rebated to the client.

Ongoing Asset Management Fees

Oak Street Advisors’ ongoing asset management fees are most often based on a percentage of the assets
we manage for a client but can also be an hourly, fixed, annual, or monthly charge. We try to find a fee
structure that is fair and equitable to all parties. Oak Street Advisors is flexible and attuned to the
individual needs of our clients. The minimum annual fee for any of our investment advisory services is
$5,000. As such, we may negotiate a fee arrangement that differs from our published rates, which are
described in the following table.
                       Assets Under Management            Annual Rate
                       $0 to $250,000                       1.50%
                       $250,001 to $500,000                 1.25%
                       $500,001 to $1,500,000               1.00%
                       $1,500,001 to $3,500,000             0.75%
                       $3,500,001 to $6,000,000             0.50%
                       $6,000,001 and Above                 0.25%

One fourth of the annual fee is charged each quarter in advance. A client’s fee will initially be
determined by combining the fair market value of all assets under management that are transferred for
ongoing asset management and pro rated for the following quarter; therefore, clients may be billed on
non-standard rolling quarters based on the calendar date assets were transferred rather than a standard
fiscal quarter. After the first quarter of services, a client’s fee will be determined by the average of the
ending portfolio values for each of the preceding three months. If a client chooses to terminate our
relationship, any unused fee will be rebated to the client on a pro rata basis.

Oak Street Advisors’ 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 managers,
additional account fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfers 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, Oak Street
Advisors’ fee, and Oak Street Advisors shall not receive any portion of these commissions, fees, and
costs.

Retirement Plan Services

As compensation for services provided Client agrees to pay Oak Street Advisors a fee of 0.0625% -
0.125% of total plan assets each quarter (an annual rate of 0.25%- 0.50%) based on the total plan assets
at quarter end. Any additional services requested by the Client not covered by this agreement may be
subject to additional fees that will be billed at an hourly rate not to exceed $350.00 per hour.

Hourly Consulting Fees

Oak Street Advisors charges a minimum of $350 per hour for hourly consulting services.

Item 7: Types of Clients

Oak Street Advisors’ clients include individuals, high net worth individuals and families,
pension and profit sharing plans, trusts, estates, bank trust funds, charitable organizations,
non-profits and other business entities.