Weik Capital Management Inc

Item 5 – FEES AND COMPENSATION
The fee schedule for management of a portfolio is generally:
       0.25% per quarter on the first $1,000,000 under management
       0.20% per quarter on the next $1,500,000 under management
       0.175% per quarter on assets in excess of $2,500,000
       (Negotiable on assets exceeding $5,000,000)

The specific manner in which fees are charged by Weik is established in the client’s
Investment Advisory Agreement. Discretionary and non-discretionary holdings are
included in Weik’s calculation of its quarterly fee. The schedule is set in accordance with
the guidelines outlined above at the discretion of the adviser. Portfolios managed for
employees or their families may be provided at a reduced rate.

Management fees are invoiced quarterly. The fee may be paid from the managed account
if authorized by the client, or the client may pay it directly. Fees are based on the portfolio
value at the conclusion of the prior quarter and are payable in advance for the quarter.

Security prices used for valuations are obtained from the following sources (shown in
order of priority):
   1. Electronic download from Charles Schwab & Co., Inc
   2. Monthly statements from banks and brokers serving as custodians
   3. Yahoo Finance (equities only)
   4. The Wall Street Journal
   5. Barron’s
   6. A broker-dealer providing a requested quotation

Should a price obtained through this process appear inaccurate, Weik will engage in
research in order to verify the price. If warranted by additional market data, the price will
be adjusted. In cases where custodian statements are used for security prices and there
are different prices for a given security, the price selected will be the first received unless

                              Weik Capital Management

it differs significantly from one or more other prices received and our research indicates
another price to be more accurate.

Accounts initiated or terminated during a calendar quarter will be charged a prorated fee
based on the period of time the account was under management during the quarter. Upon
termination of an account, any prepaid, unearned fees will be refunded, and any earned,
unpaid fees will be due and payable for the partial period of management.

Within the first month of each calendar quarter, a management fee is payable to Weik for
each limited partnership, based upon partnership net asset value at the end of the prior
quarter. The quarterly management fee assessed to WEIK VALUE PARTNERS is
0.225%. The quarterly management fee assessed to WEIK SMALL-CAP PARTNERS is
0.275%.

Since Weik’s management fee is assessed against total portfolio value, a portion of this
fee is attributable to the portfolio’s cash reserves. These cash reserves are invested in
liquid interest-bearing instruments provided by the custodian. The return on these
instruments will typically vary with fluctuations in interest rates and may be minimal at
times when rates are very low.

Although Weik realizes that there may be times when client cash reserves could earn a
higher interest rate in a liquid account at another location, it generally requires that cash
reserves be retained inside the portfolio domiciled with the custodian. This procedure
facilitates timely settlement of transactions and easier manager visibility as to cash
reserve balances that are required for valuation and performance reporting.

It should be recognized that portfolio cash reserves may be substantial at times,
particularly when a portfolio is being newly constructed or when a large contribution is
received. The speed with which cash is invested into securities is subject to market
conditions and the ability of the manager to find suitable opportunities.

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Clients may incur certain charges imposed by custodians, brokers, and other third parties
such as transaction charges, custodial fees, transfer taxes, wire transfer fees and other
fees and taxes on brokerage accounts and securities transactions. Mutual funds and
exchange traded funds/notes also charge internal management fees, which are disclosed
in a fund’s prospectus. The sole source of Weik revenues is the management fees it
receives from its clients. Weik does not participate in any brokerage, fund, or custodial
charges. Item 12 further describes the factors that Weik considers in selecting or
recommending broker-dealers for client transactions and determining the reasonableness
of their compensation (e.g., commissions).

Item 7 – TYPES OF CLIENTS
Weik provides investment management services to pension and profit-sharing plans,
individual retirement plans, foundations, endowment funds, estates, trusts, corporations,
high-net worth individuals, and individuals with a variety of investment objectives.

We generally require at least $500,000 in cash or securities for an individually managed
portfolio. Exceptions to this minimum may be granted by the principal or officer of the firm.
Examples of possible exceptions are additional assets will be added at a future date; the
client may already have an existing relationship with our firm; or the client is willing to pay
a higher fee as a percentage of assets.

A potential conflict of interest is created when we are requested to provide advice
concerning the rollover of retirement plan assets to an IRA that would be managed by
Weik. This conflict should be noted, as a decision to rollover would create additional
business for our firm. As a fiduciary, Weik is obligated to provide investment advice that

                             Weik Capital Management

is the best interest of our clients. We put client interests ahead of ours. (Please see
Section 4, IRA Rollover Recommendations). Any recommendation for rollover assets is
made based on the individual circumstances of the client and information regarding the
details of the retirement plan such as investment options and fees.

Weik is also the general partner and investment manager to two limited partnerships. The
minimum for becoming a limited partner in either partnership is lower than the minimum
for a private account. The minimum for WEIK VALUE PARTNERS is $200,000 while the
minimum for WEIK SMALL-CAP PARTNERS is $100,000. The adviser does have
discretion to accept amounts that are lower than the stated minimums.

WEIK VALUE PARTNERS seeks long-term capital appreciation by investing in a
diversified portfolio of common stocks. The partnership may invest in convertible
securities or investment companies that meet the long-term appreciation objective of the
partnership. Preferred stocks, corporate bonds or notes, U.S. Treasuries and agencies,
and cash equivalents may be acquired as market conditions warrant. Appreciation is the
primary investment objective and income is incidental. Money market funds or other cash
equivalents will be used when suitable investments are not available and to facilitate
withdrawals from the partnership.

WEIK SMALL-CAP PARTNERS seeks long-term capital appreciation by investing in a
diversified portfolio of small-cap stocks. This partnership invests primarily in the common
stocks of small companies. These typically have market capitalizations that fall within the
range of capitalization of companies in the Russell 2000 Index or the S&P SmallCap 600
Index. When a holding grows to a market capitalization size that exceeds these limits,
Weik shall not be required to sell the shares, so long as the company continues to offer
attractive potential. In addition, up to 25% of the portfolio may be invested in companies
with larger market capitalizations. The partnership may invest in convertible securities or
investment companies that specialize in small and mid-sized companies, depending on
market conditions. Money market funds or other cash equivalents will be used when
suitable investments are not available and to facilitate withdrawals from the partnership.

                              Weik Capital Management