Oakhurst Capital Advisors LLC

ITEM 5 - FEES & COMPENSATION

OCA’s annual fees for investment services are based upon a percentage of assets under
management dictated by the investment strategy and structure of the products and services.

SMA and Sub-Advisory Fees. When managing SMAs as a sub-adviser, the Primary Adviser is
charged a total sub-advisory fee not exceeding 0.50% of assets under management for fixed-
income strategies. The fees are per annum and based on the average daily balance of the
designated account(s) pursuant to the advisory agreement between the Primary Adviser and OCA.
Unless agreed upon otherwise, fees are payable quarterly in arrears and OCA calculates and
invoices the Primary Adviser following the end of each quarter.

OCA does not generally manage accounts directly, but fees for directly managed SMAs are
charged as a percentage of assets under management and range from 0.10% to 1.00%,
determined by strategy, mix of equity and fixed-income, minimum investment, level of service and
overall relationship with OCA. Fees are prorated for periods less than a full billing cycle and
adjusted to cover any additional contributions made during that period.

Limited Negotiability of Advisory Fees. Although OCA has established the aforementioned fee
schedule(s), it retains the discretion to negotiate alternative fees on a Client-by-Client basis.
Client facts, circumstances and needs are considered 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, reports, among other
factors. The specific annual fee schedule is identified in the contract between OCA and the Client
or the Primary Adviser. OCA may group certain related Client accounts for the purposes of
achieving the minimum account size requirements and determining the annualized fee. Fees are
deducted from each Client’s account at the custodian. OCA may allow Clients to receive an
invoice for payment instead. This method is by exception only.

Termination of the Advisory Relationship: A Client’s advisory agreement may be canceled 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. In calculating a Client’s
reimbursement of fees, OCA will pro rate the reimbursement according to the number of days
remaining in the billing period.

Mutual Fund Fees: All fees paid to OCA for investment advisory services are separate and distinct
from the fees and expenses charged by mutual funds and/or ETFs to their shareholders. These fees
and expenses are described in each fund’s prospectus. These fees will generally include a
management fee, other fund expenses, and a possible distribution fee. If the fund also imposes
sales charges, a Client may pay an initial or deferred sales charge. A Client could invest in a mutual
fund directly, without OCA’s services. In that case, the Client would not receive the services
provided by the Firm, which are designed, among other things, to assist the Client in determining
which fund(s) are most appropriate to each Client’s financial condition and investment objectives.
Accordingly, Client should review both the fees charged by the funds (as found in the applicable
fund’s prospectus and statement of additional information) and OCA’s fees to fully understand
the total amount of fees to be paid by the Client and to thereby evaluate the advisory services
being provided.

Additional Fees and Expenses: In addition to OCA’s advisory fees, Clients are also responsible for
the fees and expenses charged by custodians and imposed by broker-dealers, including, but not
limited to, any transaction charges imposed by a broker-dealer with which an independent
investment manager effects transaction for the client’s account(s). Please refer to the Item 12 –
Brokerage Practices for additional information.

Grandfathering of Minimum Account Requirements: Pre-existing advisory Clients were subject to
OCA’s minimum account requirements and advisory fees in effect at the time the Client entered
into the advisory relationship. Therefore, the Firm’s minimum account requirements differs
among Clients.

ERISA Accounts: OCA is deemed to be a fiduciary to Clients that are employee benefit plans or
individual retirement accounts (IRAs) pursuant to the Employee Retirement Income and Securities
Act (“ERISA”), and regulations under the Internal Revenue Code of 1986 (the “Code”), respectively.
As such, the Firm is subject to specific duties and obligations under ERISA and the Internal
Revenue Code that include, among other things, restrictions concerning certain forms of
compensation. To avoid engaging in prohibited transactions, OCA may only charge fees for
investment advice about products for which the Firm and its Related Persons do not receive any
commissions or 12b-1 fees.

Advisory Fees in General: 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.

ITEM 7 - TYPES OF CLIENTS

OCA generally provides advisory services to pension and profit-sharing plans (other than plan
participants), but also to institutions, HNW individuals, registered investment companies (mutual
funds and ETFs), qualified retirement plans (pensions, profit-sharing plans, SEP-IRAs, defined benefit
plans), and institutional clients of independent financial advisers, and/or other registered investment
advisers through sub-advisory agreements.