Bill OPP Fixed Income Advisory Service LLC

Item 5   Fees and Compensation

The Advisor will charge a fixed fee based on the size of the portfolio, the amount of new money to be invested, the
number of existing bond positions in the account to be reviewed and monitored, and the frequency of the reporting.
At no time will the fixed fee charged exceed .4% of the total value of the account (estimated market value of
existing positions and dollar amount of new money to be invested). Fees may be re-negotiated each year and if a
change is made to the existing fee structure, the client will required to execute a new fee schedule with the Advisor.

The estimated market value that will be reported to the client and that will be used when negotiating the fee will be
determined by the Advisor using: actual trades taken place recently in the specific bond maintained in the account,
Bloomberg historical pricing data, comparable municipal and/or government market data, and/or values provided
from brokerage firms and or other outside service providers.

Fees will be billed either monthly or quarterly in advance and will be due and payable upon receipt of a billing
notice from the Advisor. If the billing is quarterly, it will be based on the calendar quarter. If the client’s account is
established at any time other than the beginning of a billing period, the Advisor will bill a pro-rated fee based on the
number of days remaining in the existing billing period and will also bill the next period’s fee at the time the
agreement for services is executed.

In addition to the fees charged by the Advisor, brokerage commissions and/or transaction ticket fees charged by the
custodian will be billed directly to the client. Advisor will not receive any portion of such commissions or fees from
the custodian or client.

Either party may terminate the agreement for services at any time. Termination will be effective upon receipt of
notice of termination. If services are terminated within five business days of executing the agreement, services will
be terminated without penalty. If services are terminated after the initial five-day period, the Advisor will maintain
50% of the fee paid by the client due to the amount of work that is done at the beginning of the billing period. This
work includes information already described in Item 4 (Advisory Business). In addition to this all of the calls will
have been checked to determine if any of the positions under management are being called prior to maturity. Also
for each bond in the portfolio, the Advisor will inform the client if the bond position carries any undue credit,
marketability, pre-pay or liquidity risk.

Item 7      Types of Clients

The Advisor presently provides investment advice to individuals and banks. The Advisor may provide advice to
other investment advisors in the future.