PricewaterhouseCoopers Investment Advisers LLC

Fees and Compensation
For its services, PwCIA charges hourly fees or a fixed fee, depending upon the arrangement you
have entered into with us. All fees may be negotiated and modified for clients who have particular
investment constraints. PwCIA does not require the prepayment of any fees. Hourly fees are based
on the current rates that PwCIA's personnel are being billed out at, which rate is subject to change.
PwCIA's services are generally billed monthly or quarterly in arrears. If you decide to terminate your
relationship with PwCIA prior to services being provided and compensation being paid, you will
receive a refund on a pro-rata basis for any fees paid to date. You as the client are responsible
and will be billed for all out-of-pocket expenses incurred by PwCIA in providing these services.

The following table represents typical fees that PwCIA may charge in the provision of its services.
However, as stated above, all fees are negotiated and the fee you may pay may be higher or
lower than the examples noted in the table below:

    Types of Services                     Rate Type                                Standard Rate Range
    General Consulting                    Hourly                                   $100 to $975 per hour1
    Individual Consultations              Hourly or Fixed Fee                      $100 to $975 per hour; up to
                                                                                   $55,000 fixed fee per individual
    Workshops                             Fixed Fee                                Up to $5000 per workshop
    Telephone Support                     Fixed Fee                                Up to $450 per hour
    Individual Financial Plans            Hourly or Fixed Fee                      $3500 to $25,000 per plan2

In certain instances, fees may be paid by the client on behalf of the individual participants in a
benefits plan who receive investment advisory services as part of the overall services provided by
PwC. Clients may also incur expenses for fees to any other investment adviser with whom they
consult and will be responsible for transaction charges imposed by broker-dealers through or with
whom they conduct transactions

Performance-Based Fees and Side-By-Side Management
PwCIA does not accept performance-based fees or participate in side-by-side management. Side-
by-side management refers to the practice of managing accounts that are charged performance-
based fees while at the same time managing accounts that are not charged performance-based
fees.

Types of Clients
PwCIA provides investment advisory services to high net worth individuals, pension and profit-
sharing plans, charitable organizations, and state and local government agencies. Because of the
nature of our services, there are no minimum account values and/or fixed fees for PwCIA clients.

Methods of Analysis, Investment Strategies, and Risk of Loss
PwCIA provides general advice on securities of all types but will not recommend any specific
securities to you or any client. You as the client have the final decision on what to invest in and
PwCIA will not accept discretion to choose and/or make these investments on your behalf.
With regard to mutual fund investments, PwCIA may assist you in identifying categories of funds that
match your individual needs based on our discussions with you and your risk profile, but PwCIA will
not select any specific mutual funds for you. As your needs dictate, PwCIA will, using published
ranking data, assist you in selecting several mutual funds in each investment category for further
consideration. You the client will then have the opportunity to compare the investment philosophy,
past performance and other features and services of the mutual funds before making the
investment decision.

1 Hourly rate represents rate per PwCIA individual providing services. Multiple PwCIA professionals may provide
support to your account, which will increase the amount you pay for these services.
2 The fee for a financial plan varies based on a number of factors, including the complexity of the plan, a client’s net

worth, and/or the amount, frequency, and types of consultations requested by a client in preparation of the plan.

Should you wish to receive assistance with selection of a third-party investment manager, PwCIA
will assist you in identifying potential managers. The PwCIA Board of Managers has established
minimum criteria that a manager must meet in order to potentially be recommended to clients.
Due to the number of PwC audit clients who provide investment management services, there will
be occasions when PwCIA may present information on mutual funds or third party investment
managers where PwC receives audit fees. PwCIA will not receive any fees or other economic
benefit as a result of any mutual funds and/or investment managers that it identifies on your behalf.
Additionally, the rendition of such services will not be a factor in determining whether to suggest
these service providers to clients for consideration.

Due to Independence and other Scope of Service legislation, PwCIA may be restricted from
providing investment advisory services to PwC audit clients.

Any investment advice provided by PwCIA to you is based on a number of factors, including but
not necessarily limited to, your investment objectives, risk tolerances, asset class preferences, time
horizons, liquidity needs, expected returns and an assessment of current economic and market
views expressed by economists, analysts, banks and securities firms.

PwCIA may assist you in developing an asset allocation plan, based upon interviews with the client
and/or your investment manager. In connection with the implementation of a client’s asset
allocation plan, PwCIA will, at your request, identify categories of mutual funds that are compatible
with your investment objectives, risk tolerances and other criteria you specify and will generally
provide you with a list of three or more funds from which you may choose. In certain instances, less
than three managers/funds may be presented if it is not possible to present three options based on
your investment objectives, risk tolerances or personal preferences. As a general matter, the options
included in the mutual fund summary will be based upon the following factors: performance or
return, minimum investment amounts, whether they have no-load or low load features, fees and
cost efficiency. Other criteria that may be considered on a client by client basis include information
provided by its consultants, the identity of the fund managers, size of the fund and a fund's turnover
ratio.

 As a general matter, PwCIA expects that the factors that will be used to determine the names of
 investment managers will include, but will not necessarily be limited to the following criteria:

 •   Investment management is one of the firm's primary businesses.
 •   The investment manager has the professional resources to provide the needed services in a
     timely and quality manner.
 •   The investment manager has a strong reputation in the marketplace as an expert in the
     needed services.
 •   Those associated with the firm are appropriately trained, credentialed and are known to
     provide quality service.

Investing in securities involves risk of loss that you should be prepared to bear. We do not represent
or guarantee that our services or methods of analysis can or will predict future results or insulate
clients from losses due to market corrections or declines. We cannot guarantee that your financial
goals and objectives will be met. Past performance of any security or financial instrument is in no
way an indication of future performance.