Blakeslee & Blakeslee Financial Advisers Inc

ITEM 5: FEES AND COMPENSATION

  A.   FEE SCHEDULE

  Lower fees for comparable services may be available from other sources.

  1) INTEGRATED PORTFOLIO MANAGEMENT AND FINANCIAL PLANNING

  This service is provided to Clients through an annual advisory fee that is paid quarterly.

       Assets Under Management               Annual Advisory Fee (Wrapped)
   Under $1,000,000                         0.90%
   Over $1,000,000                          0.70%
   Over $2,000,000                          0.60%
   Over $5,000,000                          0.40%

  As an example of how the tiered fees operate, if a Client has $900,000 of assets under management by
  BBFA the annual fee will be 0.90% per annum. If the Client increases the amount to $1,000,000, the fee
  on the entire amount under management drops to 0.70% per annum, including the amount under
  $1,000,000.

  The fees shown in the table above are for providing wrap services to the Client. In this context, the term
  wrap refers to a charge that includes custodial and trading charges incurred through the custodian,
  Charles Schwab, along with BBFA’s adviser and other administrative fees.

  Fees shown above may be reduced by 0.03% for non-wrap accounts if the Client prefers to pay all
  custodial and trading charges directly to Charles Schwab. Clients should be aware that in some cases
  custodial and trading charges incurred through Charles Schwab for actively managed accounts with
  quarterly rebalancing may exceed the 0.03%; however, in other cases the costs may be lower. The
  breakpoint is a complex function of the total size of the Client’s assets under management and the total
  amount of annual trading. The wrap fee approach has the benefit of lowering price sensitivity to the

trading costs associated with portfolio rebalancing, which may provide superior portfolio management
benefits to the Client.

Non-wrap custodial and trading fees are described by the final fee schedule which is attached as Exhibit
II of the Investment Advisory Contract.

BBFA in its sole discretion may charge a lesser fee for Integrated Portfolio Management and Financial
Planning Services based upon certain criteria (i.e. anticipated future asset management activities,
related accounts, account composition, current client relationships, etc.).

2) RETIREMENT PLAN CONSULTING SERVICES
BBFA’s negotiable annual fee for retirement plan consulting depends upon the scope and complexity of the
services requested and shall be based upon a percentage (%) of market value of assets held by the plan.

3) FINANCIAL PLANNING SERVICES (STAND ALONE)
A detailed written financial plan may be developed and provided to the Client based on an hourly rate
not to exceed $250 per hour. No work shall be performed or billed without prior written authorization
by the Client including an estimate of the scope of work to be performed and the estimate of time. BBFA
may require 50% pre-payment upon mutual agreement to provide financial planning services and
commence work.

The prorated fees that are collected in advance will be refunded based on the prorated amount of work
completed at the point of termination. If a 50% pre-payment is provided and 40% of the financial plan
has been completed at the time the Client terminates service, then the Client will receive 20% of the
prepaid fee as a refund. Fees are paid by the Client by check.

4) BROKERAGE FACILITATION
The Client will only pay Charles Schwab fees for client-directed actions. This service is provided as a
courtesy to Clients who receive other paid services through BBFA or B&B. Charles Schwab’s custodial
and trading fees are described by the final fee schedule which is attached as Exhibit II of the Investment
Advisory Contract.

B.   PAYMENT OF FEES

1) INTEGRATED PORTFOLIO MANAGEMENT AND FINANCIAL PLANNING

Annual advisory fees are incurred on a pro-rata basis and paid quarterly in arrears based on the average
daily balance of the account for the quarter. The first advisory fee is based on the number of days in the
quarter that services were provided. No increase in the annual advisory fee shall be effective without
prior written notification to the Client. The fee shall be withdrawn directly from the Client's accounts on
a quarterly basis. Fee payments will generally be assessed within 10 business days following each billing

cycle. Client's written authorization to automatically deduct fees will be provided by the Client on the
Investment Advisory Contract and the recommended custodian’s forms.

Clients may terminate the agreement without penalty within 5 business days of signing the Investment
Advisory Contract. Thereafter, Clients may terminate the Investment Advisory Contract with 5 days
written notice. In such an event, the Client will need to contact BBFA in writing and state the intention
to terminate services. Upon termination of the Advisory Contract, BBFA portfolio management services
will no longer be provided, and advisory fees will terminate. The final quarter’s billing will be based on
the pro-rata portion of the quarter for which services were provided and the value of the account on
the earlier of either the day that services are formally terminated or the day direction is received that
account assets are to be withdrawn from BBFA management.

2) RETIREMENT PLAN CONSULTING SERVICES

Plan sponsors may elect to have BBFA’s consulting fees deducted directly from the plan assets held at
their custodian. Both the Retirement Plan Consulting Agreement and the custodial agreement may
authorize the custodian to debit the account for the amount of BBFA’s consulting fee and directly remit
the fee to BBFA in compliance with regulatory procedures.

3) FINANCIAL PLANNING SERVICES (STAND ALONE)
See A.2) above.

4) BROKERAGE FACILITATION

See A.3) above.

C.   CLIENT RESPONSIBILITY FOR THIRD PARTY FEES

Clients are responsible for the payment of all third-party fees (i.e., custodian fees, brokerage fees,
...

ITEM 7: TYPES OF CLIENTS
  BBFA generally provides advisory services to the following types of Clients:

          ❖ Individuals, Families, Estates, Trusts, and High Net Worth Individuals
          ❖ Charitable Organizations & Non-Profit Organizations

          ❖ Corporations & other Business Entities

  There is no account minimum for BBFA services.