Timber Creek Capital Management LLC

Item 5 - Fees and Compensation

When a client hires Timber Creek Capital to provide investment management services, the Firm shall
charge an annual fee based upon a percentage of the market value of the assets being managed by the
Firm. The Firm’s annual fee shall be prorated and charged quarterly, in arrears, based upon the average
account value on the 15th day of each month (or the last business day prior to the 15th of the month) from
the prior quarter as valued by the custodian. The annual fee shall vary (between 0.50% and 1.00%)
depending upon the value of the assets under management as follows:

Portfolio Value Annual Fee
First $2,000,0000                1.00%
$2,000,001 - $4,000,000          0.95%
$4,000,001 - $6,000,000          0.90%
$6,000,001 - $8,000,000          0.85%
$8,000,001 - $10,000,000         0.80%
$10,000,001 - $20,000,000        0.75%
$20,000,001 and above            0.50%

The Firm provides financial and estate planning advice to its investment management clients, if requested.
We do not receive additional compensation for such services.

In accordance with agreements made with the Custodian, retained by our clients, and Timber Creek, the
Firm debits a client’s account for its investment management fees. The Custodian sends a statement to the
client, at least quarterly, indicating all amounts disbursed from client accounts including the amount of
management fees paid directly to the Firm.

A client may terminate his or her relationship with Timber Creek at any time.

Additional Fees and Expenses

Timber Creek does not receive compensation through any other source than the investment management
fees paid directly by our clients to us. Additional charges paid by our clients, but not received by Timber
Creek, include brokerage commissions, custody fees, exchange fees, SEC fees, mutual fund fees,
exchange traded fund fees, wire transfer and electronic fund processing fees.

Item 7 - Types of Clients

We provide portfolio management services to individuals, trusts, estates, charitable organizations,
retirement plans, and business entities. As a condition for starting and maintaining a relationship, the Firm
shall generally impose a minimum portfolio size of $2,000,000. The Firm, in its sole discretion, may accept
clients with smaller portfolios based upon certain criteria including pre-existing family relationship,
anticipated future earning capacity, anticipated future additional assets, or related accounts.