Adirondack Capital Advisors LLC

Item 5 Fees and Compensation
Financial Planning & Counseling Services
As stated in Item 4 of the ADV Part 2A, we are not compensated separately for Financial
Planning and Counseling related services.

Investment Management Services
Our fee for investment management services is based on a percentage of your assets we
manage and is set forth in the following tiered fee schedule:

        Assets Under Management                                   Annual Fee
              First $1 Million                                      1.00%

                Next $2 Million                                      0.75%

                Over $3 Million                                      0.50%

Our investment management fee is billed and payable quarterly in advance based on the
value of your account on the last day of the previous quarter. For the initial quarter of
investment management services, the frst quarterms fees will be calculated on a pro rata
basis, which means the advisory fee is payable in proportion to the number of days in the
quarter for which you are a client. Our advisory fee is negotiable, depending on individual
client circumstances.

At our discretion, we may combine the account values of family members living in the
same household to determine the applicable advisory fee. For example, we may combine
account values for you and your minor children, joint accounts with your spouse, and

other types of related accounts. Combining account values may increase the asset total,
which may result in your paying a reduced advisory fee based on the available
breakpoints in our fee schedule stated above.

We will send you an invoice for the payment of our advisory fee or we will deduct our fee
directly from your account through the qualifed custodian holding your funds and
securities. We will do so only when the following requirements are met:

   • You provide our frm with written authorization permitting the fees to be paid
     directly from your account held by the qualifed custodian. We do not have access
     to your funds for our fees without your consent in writing;

   • We will send an invoice to the qualifed custodian indicating only the amount of the
     fee to be paid by the qualifed custodian;

   • The qualifed custodian agrees to send you a statement, at least quarterly,
     indicating all amounts dispersed from your account including the amount of the
     advisory fee paid directly to our frm.

Either party may terminate the investment management agreement upon 30-daysm
written notice to the other party. You will incur a pro rata charge for services rendered
prior to the termination of the portfolio management agreement, which means you will
incur advisory fees only in proportion to the number of days in the quarter for which you
are a client. If you have pre-paid advisory fees that we have not yet earned, you will
receive a prorated refund of those fees.

We encourage you to reconcile our invoices with the statementts) you receive from the
qualifed custodian. If you fnd any inconsistent information between our invoice and the
statementts) you receive from the qualifed custodian please call our main ofce number
located on the cover page of this brochure.

Retirement Plan Management and Consulting Services
Our fee for pension consulting services is based upon assets under management and on
the following fee schedule:

        Assets Under Management                                Annual Fee
            Up to $ 1 million                                    0.50%

               Next $9 million                                     0.25%

             Over $10 million                                      0.10%

Our fee is billed and payable quarterly in arrears based on the market value of the plan
assets under our advisement on the last day of the previous quarter. In our discretion,
retirement plan consulting fees may be negotiable.

Either party may terminate the retirement plan consulting agreement upon 30-daysm
written notice to the other party. You will incur a pro rata charge for services rendered
prior to the termination of the portfolio management agreement, which means you will

incur advisory fees only in proportion to the number of days in the quarter for which you
are a client. If you have pre-paid advisory fees that we have not yet earned, you will
receive a prorated refund of those fees.

Advisory Consulting Services
We charge either a fxed fee or an hourly fee for advisory consulting services. Our hourly
fee ranges from $250 - $400 depending on the complexity of the engagement. This fee is
billed to you and payable as it is incurred, based on the services we are providing. We
also ofer fxed fees for these services, based on our hourly rate and the projected hours
the services will require.

The type and amount of fees charged will be negotiated on a case-by-case basis and are
based on the complexity of your fnancial situation and the scope of services to be
provided. An estimate of the total cost will be determined at the start of the advisory
relationship. In limited circumstances, the cost/time could potentially exceed the initial
estimate. In such cases, we will notify you and may request that you pay an additional
fee. In all cases, the agreed upon fee and fee paying arrangement will be clearly set forth
in the executed agreement.

Either party may terminate the consulting agreement by providing written notice to the
other party. You will incur a pro rata charge for services rendered prior to the termination
of the agreement. Upon termination of the engagement, all fees are promptly due and
payable. Refunds are not applicable as fees are payable in arrears.

Selection of Other Advisers
Advisory fees charged by TPMMs are separate and apart from our advisory fees. Assets managed by
TPMMs will be included in calculating our advisory fee, which is based on the fee schedule set forth in
...

Item 7 Types of Clients
We ofer investment advisory services to individuals, pension and 401tk) plans, trusts,
estates, charitable organizations, corporations and other business entities.

In general, we require a minimum of $250,000 to open and maintain an advisory account.
At our discretion, we may waive this minimum account size. For example, we may waive
the minimum if you appear to have signifcant potential for increasing your assets under
our management. We may also combine account values for you and your minor children,
joint accounts with your spouse, and other types of related accounts to meet the stated
minimum.