Rosenblum Silverman Sutton SF Inc

Item 5 - FEES AND COMPENSATION

ADVISORY FEES
For its investment management clients, RSS charges a fee based on a percentage of the market
value of the investments held in each client’s account. Assets in the account are included in the fee
assessment unless specifically identified in writing for exclusion. Services provided for the above fees
are for investment advice and quarterly reporting of asset holdings, valuations and performance
reviews.

Unless otherwise negotiated between the Firm and the client, the annual fee is calculated according
to the following standard fee schedule:

                                            1.00% to 1.25%

The client’s investment management fee to the Firm is determined in accordance with the above
standard fee structure, with exceptions negotiated on a case-by-case basis at our discretion. Any
deviations from the fee structure are based on a number of factors including the nature and length
of the client relationship, the services requested, account composition, the amount of work involved,

the amount of assets placed under management and the attention needed to manage the
account.

The Firm has established a minimum $5,000 annual investment management fee per client
relationship.

The annual management fee is prorated and billed every three months, in arrears.                       The
management fee is computed on the last day of the billing period. Market value is determined by
Client’s Custodian, which in turn may rely on valuations provided by third-party sources it believes to
be most accurate. For illiquid assets not subject to a readily obtainable market valuation, if any,
Advisor will rely on Client’s custodian, or other third parties such as Client’s accountant, legal advisor,
the issuer of the security or other outside appraiser to determine a valuation. Advisor will not be liable
for the accuracy of any valuation obtained by such custodian or third parties.

If assets are deposited into or withdrawn from a client’s account after the inception of a billing period
and depending upon the timing or size of such withdrawal or deposit, the fee payable with respect
to such assets may not necessarily be adjusted or prorated based on the number of days remaining
in the billing period. Accounts initiated or terminated during a calendar month will be charged a
prorated fee.

Direct Withdrawal of Management Fees
Clients customarily authorize RSS to deduct its quarterly investment advisory fee directly from their
custodial account. This authorization is granted under the terms of the client’s signed investment
management agreement and the client’s instructions to the custodian. It is the client’s responsibility
to verify the accuracy of the fee calculation, as the custodian will not determine whether the fee is
properly calculated.

At the discretion of the Firm, clients may arrange to pay their fee directly to the Firm. Under this
arrangement, payment is due upon client’s receipt of our billing invoice.

Use of Margin At Sole Discretion of Client
RSS’s investment strategy generally does not encourage clients to use margin account trading.
Therefore, the decision as to whether to employ margin is left to the sole discretion of each client. To
the extent that a client authorizes the use of margin, and margin is thereafter employed, the market
value of the client’s account and corresponding management fee payable to Advisor may be
increased as any margin balance will not be offset against the value of assets purchased on margin
when Advisor calculates its advisory fee.

In certain cases clients may request that RSS purchase, maintain, or consolidate preexisting or other
securities positions in custodial accounts maintained with the Firm that are not consistent with the
Firm’s investment strategy. In such cases, RSS will not charge a management fee on such assets, with
the specific understanding that these are non-managed assets for which the client is responsible for
determining the suitability of maintaining such a position. The Firm will not sell such securities without
specific instructions from the client.

GENERAL FEE DISCLOSURE
RSS sets its fees for its services based upon various objective and subjective factors. As a result, clients
could pay divergent fees based upon the market value of their assets, the complexity of the
engagement, and the level and scope of the overall investment advisory and/or consulting services
to be rendered. As a result of these factors, the services to be provided by RSS to any particular client
could be available from other advisers at lower fees, and similarly situated clients may pay diverse
fees. All clients and prospective clients should be guided accordingly.

RSS receives no sales commissions on investment products purchased or sold for client accounts.

We do not provide clients advice as to the tax deductibility of our advisory fees. Clients are directed
to consult a tax professional to determine the potential tax deductibility of the payment of advisory
fees.

CUSTODIAN AND BROKERAGE FEES
Please see Item 12 below for an explanation of our brokerage practices. Clients incur certain charges
imposed by their custodians and other third parties such as custodial fees, deferred sales charges,
odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes
on brokerage accounts and securities transactions. Additionally, clients will incur charges by the
executing broker-dealer in the form of brokerage commissions and transaction fees on the
investment transactions entered into for their account(s). All of these charges, fees and commissions
are in addition to Advisor’s investment management fee.

FUND DISCLOSURES
Mutual funds, closed-end funds, exchange traded funds and alternative investment funds are
investment vehicles and the investment strategies, objectives and types of securities held by such
...

Item 7 - TYPES OF CLIENTS

Our clients include individuals and high net-worth individuals, trusts and estates, pension and profit-
sharing plans, corporations and other business entities. We have established a $500,000 minimum
portfolio value, although multiple accounts for the same client may be aggregated to meet this
minimum. This minimum may be waived in certain circumstances. Smaller accounts will be invested
solely in mutual funds and ETFs.
As a result of the minimum account and minimum annual management fee requirements, RSS’s
services may not be appropriate for everyone. Particularly for smaller accounts, other investment
advisors may provide somewhat similar services for lower compensation, although still others may
charge more for similar services.