Schaller Investment Group Inc

Item 5 - Fees and Compensation

General Fee Information

Fees paid to SIG are exclusive of all custodial and transaction costs paid to the client’s custodian,
brokers or other third-party consultants. Fees paid to SIG are also separate and distinct from the
fees and expenses charged by mutual funds, ETFs (exchange traded funds) or other investment
pools to their shareholders (generally including a management fee and fund expenses, as described
in each fund’s prospectus or offering materials). The client should review all fees charged by funds,
brokers, SIG and others to fully understand the total amount of fees paid by the client for
investment and financial-related services.

Individual Account Portfolio Management Fees

The fee assessed for the management of individual accounts is negotiated on a case-by-case basis.
Fees are typically a fixed percentage, which is applied to the value of each account, without break
points. If fees are negotiated with break points of declining fee percentages, SIG will not aggregate
accounts to determine break points. The maximum fee typically assessed is 1.5% per year.

Currently, SIG is not actively seeking or accepting new clients. In certain circumstances, where a
client’s long-term investment goals appear to be aligned with the investment policies of the adviser,
an exception to the stated policy of not accepting new accounts may be granted.

The minimum portfolio value is generally set at $2,000,000. SIG may, at its discretion, make
exceptions to the foregoing minimum, or negotiate special fee arrangements, where SIG deems it
appropriate, in consideration of the circumstances.

Portfolio management fees are generally payable quarterly, in advance. If management begins after
the start of a quarter, fees will be prorated accordingly. Fees are normally debited directly from
client account(s), unless other arrangements are made.

Either SIG or the client may terminate their Investment Management Agreement at any time,
subject to the 30-day written notice requirements, as stated in the agreement. In the event of
termination, any paid, but unearned fees (fees are deemed to have been earned during the 30-day
notice period), will be promptly refunded to the client, and any fees due to SIG from the client will
be invoiced or deducted from the client’s account prior to termination.

Partnership Fees

The Partnership is assessed a fee by its manager, Schaller Equity Management, Inc. (“SEM, Inc.”),
which is disclosed to investors prior to investing. The fee charged by the Partnership is comprised
of two components. An annual management fee of 0.4% of the value of the Partnership’s assets is
charged, and is assessed in arrears, on a quarterly basis. In addition, a performance fee of 15% is
assessed annually, in arrears. Please see Performance Based Fees and Side by Side Management
below for more information.

Item 7 - Types of Clients

SIG serves individuals, pension and profit-sharing plans, corporations, trusts, estates and other
pooled investment vehicles. With some exceptions, the minimum portfolio value eligible for
conventional investment advisory services is $2,000,000. Under certain circumstances and in its
sole discretion, SIG may negotiate such minimums.