Sachem Investment Counsel LLC

Item 5: Fees and Compensation
      All fee arrangements shall be in writing and deemed to be part of the Client Agreement by and
between Sachem Investment and the client.

        Sachem Investment’s compensation for investment advisory services is based on the assets
under management. Fees are based on the fair market value of the assets under management on the
last business day of each quarterly billing period. Fees are payable at the end of each quarterly billing
period. For accounts with assets under management OF up to $2,000,000.00, Sachem Investment’s
advisory fee is 1% annually. Advisory fees for clients having assets under management greater than
$2,000,000.00 are negotiable on a client-by-client basis with Sachem Investment.

        All fees due to Sachem Investment for investment advisory services shall be paid directly to
Sachem Investment from the client’s account which will be held by an independent custodian. The
client agrees to execute an authorization letter authorizing the direct payment of fees to the Adviser by
the independent custodian.

        Sachem Investment’s fees are exclusive of brokerage commissions, transaction fees, and other
related costs and expenses which shall be incurred by the client. Clients may incur certain charges

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imposed by custodians, brokers, third party investment and other third parties such as fees charged by
managers, 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.
Mutual funds and exchange traded funds also charge internal management fees, which are disclosed in
a fund’s prospectus. Such charges, fees and commissions are exclusive of and in addition to Sachem
Investment’s fee and Sachem Investment shall not receive any portion of these commissions, fees and
costs.

Item 7: Types of Clients
       Sachem Investment provides continuous investment/portfolio management services to high net
worth individuals, pension and profit sharing plans and businesses.