Schaper Benz & Wise Investment Counsel Inc

Item 5 - Fees and Compensation

Standard Annual Fee Schedule. Our fees for providing investment advisory services are based
on a percentage of assets under management in accordance with the following fee schedule:

                 Assets Under Management               Annual Fee
                 First $3,000,000                        0.50%
                 Next $2,000,000                         0.40%
                 Next $5,000,000                         0.30%
                 Over $10,000,000                        0.25%

                 Minimum Annual Fee:                     $10,000

Family Wealth Counsel Fee Schedule. The following is the basic fee schedule for Family
Wealth Counsel services, although fees may vary by client and depending on the level and scope
of services. Our fees may be negotiable in special situations. SBW may also offer family wealth
counsel services on an hourly and/or fixed fee basis.

                 Assets Under Advisement               Annual Fee
                 First $2,000,000                        0.30%
                 Over $2,000,000                         0.25%

                 Minimum Annual Fee:                      $6,000

Other Fee Information. Our advisory fees are generally not negotiable. However, in our
discretion, we may waive the minimum annual fee, grant exceptions to the fee schedule or
charge on an hourly and/or fixed fee basis depending on the particular circumstances involved.
Fees are calculated based on the market value of the managed assets, as determined by us as of
the last business day of each calendar quarter, and are billed quarterly in arrears at one-fourth of
the annual fee rate. Within a client relationship, we generally aggregate the market values of
multiple accounts for the purposes of applying break-point discounts. Fees for any partial
quarter are reduced on a pro-rata basis. From time to time, we may charge an hourly fee in
connection with special projects. The hourly fee rate is negotiable depending on the services
requested by the client. In the investment advisory agreement, clients may select to either
authorize us to deduct advisory fees directly from the client’s custodial account or to have us bill
the client directly for advisory fees incurred. It is the client’s responsibility to review the
advisory fees included in the account statements provided by the custodian.

Investment advisory agreements will generally continue until terminated by either us or the client
upon 60 days’ prior written notice. We may charge reasonable expenses in connection with the
termination of an advisory contract (e.g., expenses incurred as a result of transferring files to a
new investment adviser). No fee increase will be effective without at least 60 days’ prior written
notice to the client.

Our fees exclude brokerage charges, commissions, custodial costs, taxes and other costs
incidental to the purchase and sale of securities. For more information on these types of fees, see

Item 7 - Types of Clients

We provide investment advisory services primarily to high-net worth individuals and families,
foundations, pension and profit sharing plans and corporations. We generally require a
minimum annual fee for our services as set forth under Item 5 – “Fees and Compensation,”
above.