Woodstock Corporation

Item 5 – Fees and Compensation

Woodstock’s compensation is an annual fee, payable quarterly in arrears, based upon quarterly
valuations of the account.

Woodstock’s standard fee schedule is as follows:

   •   1.0% of market value on the first $2,000,000 of assets
   •   0.75% of market value on the next $3,000,000 of assets
   •   0.65% of market value on the next $5,000,000 of assets
   •   0.60% of market value on the balance of assets
   •   An annual $500 per account maintenance fee

For client assets that are custodied with Fidelity through a relationship between Woodstock and
Fidelity, there is no additional charge for custody. For accounts using another custodian, the
custody relationship is entirely between the client and that custodian and may involve fees.

Accounts within the energy, healthcare, and technology sector strategies managed by Woodstock
are charged an annual management fee of 1.5%, paid quarterly in arrears, based upon the assets
under management at the end of each calendar quarter and a quarterly performance fee, which is
5% of net capital appreciation, at the end of each calendar quarter. Any loss in an account is carried
forward so that a performance fee is not charged to the account unless net losses have been
recouped subject to certain adjustments (i.e., a “high water mark” provision). These accounts are
also charged an accounting fee of $500 per year, billed quarterly.

Fees for accounts custodied with Fidelity are generally deducted directly from client accounts. For
accounts for which Fidelity is not custodian, fees are billed directly to the client or client’s
custodian.

In certain circumstances, Woodstock’s fees are negotiated or discounted. In addition, employees of
Woodstock Corporation and Woodstock Services Company, LLC, and employees’ immediate family
members receive a discount from Woodstock’s standard fee schedule.

In addition, there are historic fee schedules with longstanding clients that differ from those in
newer client relationships.

Woodstock’s fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses incurred by the client. Clients are not charged a brokerage fee for accounts custodied
with Fidelity where Fidelity serves as the broker-dealer. However, as described in more detail in
Item 12 below, Woodstock most often uses a broker-dealer other than Fidelity, which will increase
costs to clients. Selecting a broker-dealer other than Fidelity may result in Woodstock obtaining
“soft dollars,” which are the benefits provided to an adviser by a broker-dealer as a result of
commissions generated from a financial transaction executed by the broker-dealer, which
represents a conflict of interest.

Clients may incur certain charges imposed by brokers, third party investments, and other third
parties such as deferred sales charges, transfer taxes, wire transfer and electronic fund fees, and
other fees and taxes on brokerage accounts and securities transactions. Mutual funds and exchange
traded funds also charge internal management fees, which are disclosed in a fund’s prospectus.
Such charges, fees, and commissions are exclusive of and in addition to Woodstock’s fee, and
Woodstock does not receive any portion of these commissions, fees, and costs.

Item 12 further describes the factors that Woodstock considers in selecting or recommending
broker-dealers for client transactions and determining the reasonableness of their compensation
(e.g., commissions).

A client agreement may be cancelled at any time by the client or Woodstock, with thirty (30) days
written notice. Accounts initiated or terminated during a calendar quarter will be charged a
prorated fee. Upon termination of any account, any earned, unpaid fees will be due and payable.

Tax and other services provided to clients through Woodstock’s affiliate, Woodstock Services
Company, are billed separately by Woodstock Services.

Item 7 – Types of Clients

Woodstock provides investment management services to individuals, family groups, trusts, estates,
charitable organizations, retirement plans, corporations, and other business entities. The majority
of Woodstock clients are high net worth individuals or trusts.