Renaissance Investment Group LLC

Item 5: Fees and Compensation

A. The Firm’s Fees and Compensation for Services.

1. Investment Supervisory Services. The annual fee for investment supervisory services is
charged as a percentage of assets under management, according to the schedule below:

                Assets Under Management                       Annual Fee (%)
                     First $3,000,000                             1.00%

                    Next $4,000,000                                0.70%

                    Over $7,000,000                                0.55%

Charitable accounts will receive a 10% discount.

For custodial accounts, RIG’s annual fee is assessed quarterly in arrears, based on the market
value of account assets as of the last business day of the previous calendar quarter, prorated for
asset flows and payable or deductible from the client’s account. For new accounts, the first
management fee shall be prorated based on the number of days in the quarter. If an account
terminates during a calendar quarter, a pro rata fee will be assessed based on the number of days
in the quarter the account was under management.

Corporate Trustee Services. In situations where RIG is acting as investment adviser to a
corporate trustee, there will be an additional fee assessed for the corporate trustee services. The
overall fee will be negotiated. Both the investment management and corporate trustee fees will
be deducted from the client’s account by the corporate trustee.

2. Financial Counseling. RIG does not charge a separate fee for the provision of financial
counseling services to its clients who have at least one million dollars of investable assets under
RIG’s management. RIG does not provide this service to any client unless they meet the one-
million-dollar investable asset threshold, as described in Item 4.B.2 of this Disclosure Brochure.

B. General Information on Fees.

1. Negotiability of fees and account minimums. Except in extraordinary circumstances, RIG’s
fees and account minimums are not negotiable.

2. RIG’s fees. RIG’s fees may be deducted from the client’s account by the client’s account
custodian, or, in the alternative, RIG bills the client who then pays RIG’s fee directly.

3. Other fees

Clients will also incur charges in connection with advisory services RIG provides that are
imposed directly by the custodian of the client’s account, fees imposed by a service provider to
assist with administrative functions related to filing proof of claim forms, as well as transaction
charges imposed by broker-dealers executing securities transactions for the client’s account, and
fees and expenses imposed directly by mutual funds held in the client’s account. The fees and
expenses imposed by mutual funds are described in each fund’s prospectus, and will generally
include a management fee, other fund expenses, and a possible distribution fee. If the fund also
imposes sales charges, a client will pay an initial or deferred sales charge. The client should
review both the fees charged by the funds and the fees charged by RIG, to fully understand the

total amount of fees to be paid by the client and to thereby evaluate the advisory services being
provided.

All other fees charged directly by the client’s custodian, the broker-dealer, and mutual funds,
who are not affiliated with RIG, is separate and distinct from the fees and expenses clients pay to
RIG for its services. RIG does not receive a portion of these other fees and does not directly or
indirectly receive a benefit from the imposition of these fees, other than as may be disclosed
further in this brochure (see Brokerage Practices, Item 12 of this Disclosure Brochure).

Item 7: Types of Clients

A. The Firm’s Clients.

The firm’s client base is comprised of individuals, high net worth individuals, banking or thrift
institutions, pension and profit-sharing plans, charitable organizations and corporations and other
businesses.

B. Requirements for Opening or Maintaining an Account.

1. Minimum Account Size. Unless waived or negotiated in advance, RIG requires a minimum
account size of $500,000 for investment supervisory services clients.

2. Advisory Agreement. Each client is required to sign a servicing agreement with RIG that sets
forth the terms and conditions of their relationship with RIG.