Wabash Capital Inc

Fees and Compensation

                                                                                                     Form ADV Part 2A, Item 5

The fees you will pay for our services will be a percentage of the market value of your assets in your account
on the last day of each calendar month. Our fees are payable at the beginning of each month for our services
provided in the previous month. In any partial month, our fees will be prorated based on the number of days
that we manage your account.
If we buy shares of mutual funds or other investment companies for you, they will be included in calculating the
value of your account when we determine our fee. These assets are also subject to additional fees and
expenses which are described in the prospectuses of those funds, paid by the funds but ultimately borne by the
investor.

Our fee schedule for all non 401(k) accounts is:
1.50% on the first $1 million
1.00% on the next $1 million
.75% on the next $2 million
.25% on assets over $4 million
There is no minimum fee.

The custodian will deduct from your account and pay us our fee each month after we submit a bill to the
custodian. You are responsible for verifying fee computations since custodians are not typically asked to
perform this task. The custodian will send you a monthly statement showing all transactions, including our fee.

Fees may be negotiable depending upon individual circumstances and the services we provide.

Discounts are available for non-profit organizations.

Hourly charges for special projects will be billed at the rate of $150.00 per hour.

We do not accept prepayment of any fees.
None of the revenue that Wabash Capital receives comes from buying, selling, or recommending any security.
We receive no compensation from any fund company or brokerage firm. Also, no employee of Wabash Capital
receives any compensation based on their recommendations to you.

                                                                            ©2010 National Compliance Services 800-800-3204

Our fee schedule for 401(k) plans is:

Plan and Plan Sponsor Level Services
Non-discretionary advisor under Section 3(21) of ERISA:
.25% on the first $5 million
.15% on the next $5 million
.075% on the next $40 million
.05% on assets over $50 million

Or

Discretionary Investment Manager under Section 3(38) of ERISA:
.35% on the first $5 million
.25% on the next $5 million
.125% on the next $40 million
.05% on assets over $50 million

Plus

Participant Level Services
Non-discretionary advisor under Section 3(21) of ERISA:
.25% on the first $5 million
.15% on the next $5 million
.075% on the next $40 million
.05% on assets over $50 million

401(k) plans under $1 million in assets may be subject to a minimum annual fee.

                                                                        ©2010 National Compliance Services 800-800-3204

                 Performance-Based Fees and Side-By-Side Management

                                                                                  Form ADV Part 2A, Item 6
Wabash Capital does not accept performance based fees.

                                                         ©2010 National Compliance Services 800-800-3204

Types of Clients

                                                                                                  Form ADV Part 2A, Item 7

Wabash Capital manages investments for the following types of clients:

Individuals

Trusts

Corporations

Pensions

401(k) Plans

Foundations/Endowments

We have no minimum account size or minimum fee, except for 401(k) plans, which may be subject to a
minimum annual fee if their assets are less than $1 million.

                                                                         ©2010 National Compliance Services 800-800-3204

                 Methods of Analysis, Investment Strategies and Risk of Loss

                                                                                                      Form ADV Part 2A, Item 8

Wabash Capital uses a top down method of analysis beginning with a macro economic view of the markets.
We construct portfolios by utilizing fundamental research on market sectors and/or individual securities. We
also use metrics that evaluate market and security valuation, profitability, and the outlook for the future. We
construct investment portfolios based on risk.

Tactical shifts in asset allocation are driven largely by market valuations. We utilize the CAPE ratio of the
equity markets as a primary driver of these shifts.

We believe in managing risk by investing in diversified portfolios. We consider a security’s correlation to the
rest of the portfolio before investing. The addition of low correlated securities to the portfolio results in more
efficient portfolios from a risk/return standpoint.

We will generally stay fully invested at all times as we believe that market timing does not add value to the
investment management process.

All investments made by Wabash Capital involve risk and the possibility of loss of principal. Past performance
is no guarantee of future results. Clients should carefully consider risk before choosing Wabash Capital as
their investment advisor.

We will generally manage low turnover portfolios. We believe that frequent trading often produces negative
results due to transaction costs and adverse realization of gains or losses.

                                                                             ©2010 National Compliance Services 800-800-3204