Roman Butler Fullerton & Co

Item 5 – Fees and Compensation

Investment Advisory Fees

RBF offers a managed account option as described below. Advisory fees may be
discounted from the fees detailed below depending on the type of service provided,
account size, and investment objectives.

Standard Managed Account

A fee plus transaction charge account (held at Fidelity IWS) that offers complete product
availability at discounted transaction rates with a minimal administrative fee and no
minimum account value.

Portfolio Value                     Maximum Fee

$0 - $250,000                           2.75%
$250,001 - $750,000                     2.25%
$750,001 - $2,000,000                   1.75%
$2,000,001 +                            1.50%

Investment Management Fee Terms

Fees are payable in advance, generally on a quarterly basis, and are typically deducted
directly from the client’s account. However, in some limited instances, clients may be billed
directly. Fees are calculated based on the beginning balance of the account(s) (i.e. based on
the ending balance of the prior period) and are charged shortly after the beginning of the
applicable billing period.

Fees for new accounts opened during a billing period will be billed in arrears for that initial
billing period based on the amount of the initial deposit and will be prorated for the
number of days assets will be under management during the initial billing period.

Advisory agreements may be terminated by either party at any time by written notice.
Upon termination, any unearned prepaid fees will be refunded.

Fees for withdrawals out of an account of $100,000 or more will be prorated and refunded
based on the number of days assets were under management. Fees for deposits into an
account of $100,000 or more will be prorated and charged based on the number of days
assets will be under management.

Advisory fees are separate from charges that may be imposed by third parties, such as
brokerage charges, custodial fees, mutual fund expense charges, etc.

Financial Planning and General Consulting Fees

Fees for financial planning or general consulting services will generally be determined in
advance and charged on a case by case basis. Fifty percent (50%) of the total fee will be
due in advance with the remainder of the fee due upon completion.

Item 7 – Types of Clients

RBF provides advisory services to individuals, profit sharing plans, trusts, charitable
organizations and businesses.

The minimum investment required by an individual investor client is dependent on the
level of service selected. Accounts below these minimums may be negotiable and accepted
on an individual basis at the firm’s discretion. We may from time to time establish, modify
and waive account or investment minimums for different investment products and/or
services.