Beacon Financial Advisors Ltd

Item 5 - Fees and Compensation
    Description
        BEACON bases its investment management fees on a percentage of assets under
        management, an approach that is widely used in the industry.
         The annual Investment Management Agreement fee is based on a percentage of the
         investable assets according to the following sliding-scale (tiered) schedule:
         Discretionary (managed) accounts:
                    •   1.00%_ on the first $1,000,000;
                    •   0.75%_ on the next $1,000,000 (from $1,000,001 to $2,000,000); and
                   • 0.50%_ on the assets above $2,000,000.
         Non-Discretionary (client directed) accounts*:
                    •0.35%_ on $all; (*if you want an institutional account with BEACON to
                     benefit from tax-lot accounting, income tax reporting, and
                     performance measurement reporting; often a non-discretionary
                     account is used when you have given us a client-mandate to hold
                     specified prior position(s) for personal, investment, tax, other reasons).
         The minimum annual fee for investment management is $5,000 and is negotiable.
         BEACON, in its sole discretion, may waive its minimum fee and/or charge a lesser
         investment management fee based upon certain criteria (e.g., historical relationship,
         type of assets, anticipated future earning capacity, anticipated future additional
         assets, dollar amounts of assets to be managed, related accounts, account
         composition, negotiations with clients, etc.). This is depicted on your quarterly Fee-
         For-Service Schedule as a professional courtesy discount.

    Fee Billing
         Investment management fees are billed quarterly, in advance, meaning that we
         invoice you before the three-month billing period has begun. Payment in full is
         expected upon invoice presentation. Your fees may be deducted (debited) from your
         designated client brokerage account to facilitate billing (see later section on Custody).

                                  Beacon Financial Advisors, Ltd.

        You must consent in advance to direct debiting of your brokerage account. This is
        always done per a limited power of attorney form you sign with the custodian of your
        account(s). You select the account debit approach or opt to be billed directly.

   Other Fees
       Custodians and brokers may charge transaction fees on purchases or sales of certain
       no-load mutual funds. These fees are in addition to the advisory fee and are paid
       directly by the client. The amount and frequency of such charges will vary depending
       on the custodian, the specific investment, and account activity. Clients should
       consider the impact of these transaction costs on their overall investment returns. For
       additional information, please see Brokerage Practices.

   Expense Ratios
       Mutual funds generally charge a management fee for their services as investment
       managers. The management fee is the largest part of what is called an expense ratio.
       For example, an expense ratio of 0.54 means that the mutual fund company charges
       0.54% for all their services. The mutual fund expense ratio is in addition to the fees
       you pay BEACON. Performance figures quoted by mutual fund companies in various
       publications are after their expense ratio has been deducted.

    Termination of Agreement
        Either party may terminate the Agreement at any time upon written notification by
        the other at the address of record of Beacon or you. If you cancel the Agreement
        within five (5) business days of acceptance, you will receive a full refund of any fees
        paid. Thereafter, refunds will be pro-rated based on the date written notice of
        termination is received.

Item 7 - Types of Clients
    Description
        BEACON primarily provides our services to individuals and families, and their related
        pension and profit-sharing plans, 401k plans, trusts, charitable entities, and estates.
        These individuals and families include professionals like attorneys and physicians, as
        well as corporate employees. Many of our clients are retired from the workplace.
         Our client engagements vary in scope and length of service. The scope of service is
         primarily dependent on your complexity and needs. Regarding length of service, our
         goal is an evergreen working relationship with you. We have provided continuous
         service to many clients for ten, twenty, and thirty years or more.

    Account Minimums
        BEACON’s minimum annual fee for investment management is $5,000. Using our fee
        schedule this translates to a starting account size of $500,000 or more.
         BEACON, in its sole discretion, may waive its minimum fee and/or charge a lesser
         investment management fee based upon certain criteria (e.g., historical relationship,
         type of assets, anticipated future earning capacity, anticipated future additional
         assets, dollar amounts of assets to be managed, related accounts, account
         composition, negotiations with clients, etc.). This is depicted on your annual Fee-For-
         Service Schedule as a professional courtesy discount.
         While every client engagement is unique, clients' engaging BEACON for both
         investment management plus financial planning services typically have investable
         assets of $1,000,000 or more, and clients' engaging BEACON for only investment
         management typically have $500,000 or more.

                                 Beacon Financial Advisors, Ltd.