van Strum & Towne Inc

Item 5: Fees and Compensation

   A. Van Strum & Towne earns the majority of its fees based on a percentage of the market
      value of assets under management.

       The following is our standard fee schedule, but other arrangements, including fixed
       fees, are possible given the specifics of an account:

                        1% on first                            $2,000,000
                        3/4% on next                           $3,000,000
                        1/2% on next                           $5,000,000
                        Negotiable above                      $10,000,000

                        Minimum Annual Fee                        $20,000

       All fees are negotiable at Van Strum & Towne’s sole discretion subject to the particular
       circumstances of each client.

   B. Fees are billed quarterly in arrears and may be deducted directly from the client account or
      paid directly by the client. Clients may select either method of payment.

   C. Fees associated with money market funds, exchange traded funds, mutual funds, and other
      funds are paid by the client in addition to Van Strum & Towne's fee. The client also pays
      other fees such as custodian fees, trustee fees, and commissions. Please see Item 12 for a
      discussion of brokerage arrangements.

   D. Invoices are neither presented nor payable in advance of services rendered. If an
      investment management agreement is terminated by either party mid-quarter, the
      management fee is prorated to the termination date.

   E. Supervised persons are not compensated for the sale of securities or investment products.

Item 7: Types of Clients

Van Strum & Towne provides investment counsel and wealth management services to high net-
worth individuals, individuals, trusts, foundations, charities, IRAs, 401(k) plans, partnerships, and
pension and profit-sharing plans. We generally require new managed relationships to have a
combined minimum value of $2,000,000, although account size and fees are negotiable at our sole
discretion subject to client circumstances.