Ameraudi Asset Management Inc

Item 5 Fees and Compensation
AAM offers services on a fee basis. Our fee schedule is outlined in the "Ameraudi Client Agreement"
and is shown below:

Discretionary                  Incremental Annual Fee
$20,000,000 +                  0.75%
$10,000,0000 - $20,000,000 1.00%
First $10,000,000              1.25%

Non- Discretionary           Incremental Annual Fee
$5,000,000 +                 1.00%

$1,000,000 - $5,000,000      1.25%
$500,000 - $1,000,000        1.50%
First $500,000               1.75%

These fees are negotiable. A lower fee rate may be granted to a client if agreed upon by AAM.

Our annual management fee is a percentage of the market value of the assets under our management
in accordance with the client's fee schedule. Advisory fees are prorated and paid quarterly, in advance,
based upon the market value of the assets on the last day of the previous quarter as reported to AAM
by the custodian(s) and third party sources. AAM maintains an annual minimum of $2,500 per
household which is assessed quarterly ($625 per quarter). Upon funding of a newly established
account, the asset based fee is billed for the remainder of the current billing period and is based on the
initial contribution. If cash or billable securities greater than or equaling $50,000 are deposited or
withdrawn from the account during the billing cycle, fee adjustments will be calculated pro-rata and
applied to the next bill.

We may trade client accounts on margin. Each client must sign to authorize margin before margin is
extended to that client account. Fees for advice and execution on these securities are based on the
total asset value of the account, which includes the value of the securities purchased on margin. While
a negative amount may show on a client's statement for the margined security as the result of a lower
net market value, the amount of the fee is based on the absolute market value. This creates a conflict
of interest where we have an incentive to encourage the use of margin to create a higher market value
and therefore receive a higher fee. The use of margin may also result in interest charges in addition to
all other fees and expenses associated with the security involved. The amount of margined securities
to be included in the total asset value on which fees are based is subject to negotiation.

AAM considers cash to be an asset class. Depending on market conditions, investment management
strategies often involve moving to cash positions for varying time periods. As a result, cash balances
are included in the value of the assets under our management. The advisory fee billed to the cash
portion of your holdings will exceed money market yields when rates are lower.

Our advisory fees are debited directly from the client accounts held with the custodian as per the
Ameraudi Client Agreement unless otherwise instructed. If necessary, securities will be liquidated to
cover our advisory fees. These fees are reflected in the custodian account statements and clients are
encouraged to review these statements and promptly report any discrepancies.

AAM may, at its discretion, reduce or waive minimum investment requirements, fees or trading costs.
AAM reserves the right to require account minimums, impose higher minimums for portfolios, terminate
accounts that fall below the minimum established requirements, or require that additional funds or
securities be deposited to bring an account value up to the required minimum. AAM may waive
account advisory fees or account minimums for employee, employee related, and affiliate employee
accounts.

Certain clients may have different billing arrangements. Clients may receive comparable services from
other sources for fees that are lower or higher than those charged by AAM.

Mutual fund companies generally offer multiple share classes of the same fund. Share classes are
described in the mutual fund's prospectus. Each share class charges different fees and internal
expenses. Depending on the share class selected, fees and internal expenses charges may be higher
or lower. Certain funds do not charge a transaction fee but have higher internal expenses. Selecting
funds that charge higher fees and expenses may adversely impact an account's long-term

performance. AAM's policy is to recommend that clients invest in the lowest cost share class available
based on the clients individual needs. AAM generally recommends institutional or adviser share
classes that typically have the lowest expense ratios and are less expensive than other share classes.
Adviser and institutional share classes are generally available to investors in qualified fee-based
adviser programs, or accounts that meet certain minimum investment requirements.

AAM advisers are required to determine prior to recommending a mutual fund purchase whether
clients are purchasing the most beneficial mutual fund share classes available. When deemed
appropriate for an investor's specific situation, your adviser may at times recommend selecting or
holding a mutual fund share class that charges higher internal expenses than other available share
classes for the same family. AAM will conduct periodic testing to ensure that the appropriate
recommended share class has been selected for its clients.

For share classes transferred in from other institutions, AAM will as soon as practicable evaluate
whether more beneficial share classes may be available for the client to exchange at no cost and
recommend that the client switch to a different lower cost share class, or may recommend liquidating
the existing mutual fund holdings, which could result in the client having to pay contingent deferred
sales charges, or other redemption fees.

Clients are advised that mutual funds available through AAM may not offer the lowest cost mutual fund
share classes available. We urge clients to carefully review the mutual fund prospectus that describes
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Item 7 Types of Clients
AAM typically provides its services to domestic and foreign high-net-worth individuals, corporations,
and trusts. The account minimum required in order to establish a managed or trading portfolio
is $1,000,000. The account minimum required to establish a custom portfolio is $1,000,000. Under
certain circumstances, the account minimums may be lowered or waived at the sole discretion of AAM.