Wilkinson Global Asset Management LLC

Item 5: Fees and Compensation

Generally, fees are computed on the total portfolio market value of an account on the last business
day of the quarterly billing cycle in which the Investment Management Agreement is in effect (the
“valuation date”). Clients are billed on a rolling calendar quarter. Valuations of securities for the
purpose of establishing the total market value of the portfolio are based on: (1) listed securities are
valued on the basis of the last official traded sales price on the valuation date; (2) over-the-counter
securities are valued at the NASDAQ official closing price on the valuation date; and (3) if no market
price is available, the value of the security is determined by WGAM at the estimated fair market value.
For non-U.S. securities, valuations are determined using the last official traded sales price converted
to U.S. dollars at the last available exchange rate as of noon London time on the valuation date.

Clients are billed quarterly, generally in arrears (although certain clients are billed in advance), at one-
fourth of the rate specified hereinafter. The basic fee schedule is 1.00% per annum for Global Equity,
Balanced, and Bespoke Portfolios, and 0.75% for our Global Franchise Equity Strategy, however,
WGAM has discretion to negotiate or waive fees on a case-by-case basis. WGAM does not intend to
charge performance-based fees.

Clients may cancel investment management agreements at any time with pro-rata fees calculated for
the relevant period based upon the termination date. If the terminating client pays fees in advance,
any difference between the pro-rata fee and the fee paid by the terminating client is promptly returned
to the client. However, if the terminating client pays fees in arrears, the pro-rata fee is promptly billed
to the terminating client.

Total fees paid by all clients are also affected by the types of assets held in their portfolios and the
location those assets are custodied. Client portfolios are sometimes invested in money market funds
or ETFs where the fund pays a management fee and incurs other fees. In all cases, cash balances and
ETFs are part of the total assets on which WGAM charges an investment management fee. Client
portfolios are custodied at banks or at brokerage firms where the client may incur fees related to the
services they receive from such banks or brokerage firms.

In addition to WGAM’s investment management fees, clients bear trading costs and custodial fees.
To the extent that clients’ accounts are invested in mutual funds or ETFs, these funds pay a separate
layer of management, trading and administrative expenses. Additional details regarding the Firm’s
brokerage practices can be found in Item 12.

Item 7: Types of Clients

WGAM primarily provides investment supervisory services to high-net-worth individuals, families and
their associated trusts, estates, charitable organizations, pension and profit-sharing plans, and other
legal entities.

Generally, WGAM requires a minimum account balance of $3,000,000 for our Global Balanced
Strategy and Bespoke Portfolios and $1,000,000 for our Global Franchise and Global Equities
Strategies. Additionally, WGAM recommends reasonably compatible investment objectives, and full
investment and trading discretion. However, exceptions are made on a case-by-case basis, and where
there is a prudent business interest in doing so. All terms and conditions, including conditions for
managing accounts, are subject to modification based on the sole discretion of the Firm.