Capital Asset Management LLC

Item 5: Fees and Compensation
     ASSET MANAGEMENT
     Fees for these services will be based on a percentage of Assets Under Management as
     follows:

      Assets Under Management                       Annual Fee             Quarterly Fee
                                                                            (in advance)
          First $1,000,000                             .95%                    .238%
          Next $1,000,000                              .90%                    .225%
          Next $1,000,000                              .85%                    .213%
          Next $1,000,000                              .80%                    .200%
          Next $1,000,000                              .75%                    .188%
       Amounts Over $5,000,000                       Negotiable              Negotiable

     This is a blended fee schedule; the asset management fee is calculated by applying
     different rates to different portions of the portfolio.
     For example, a Client with $4,000,000 under management would pay $35,000 on an annual
     basis.
             First $1,000,000 x .0095 = $9,500
             Next $1,000,000 x .0090= $9,000
             Next $1,000,000 x .0085 = $8,500
             Next $1,000,000 x .0080 = $8,000

     The annual fee may be negotiable. Accounts within the same household will be
     combined for a reduced fee. Householding will be done on family accounts of parents
     and their minor children. When the child turns twenty-one years old, the householding
     of the respective accounts will end. Exceptions to this guideline are permissible.

     Fees are billed quarterly in advance based on the amount of assets managed as of the
     close of business on the last business day of the previous quarter. Quarterly advisory
     fees will be deducted directly from the Clients' account by the custodian. Lower fees
     for comparable services may be available from other sources. The amount of the fee
     is negotiated on a case-by- case basis and is determined based upon a number of
     factors including the amount of work involved, the assets placed under management
     and the attention needed to manage the account.

At no time will we accept or maintain custody of a client’s funds or securities except
for authorized fee deduction. The Client may contact the Custodian directly for
disbursements, or account record changes, and may also do so in writing to the
custodian. We may act at the client’s convenience to facilitate such written
communications to the Custodian, provided that such action is not construed to be
custody of client assets. Where we deduct management fees from client accounts
utilizing a qualified custodian, the Adviser is required to meet the following
requirements.

   a. Possess written authorization from the client to deduct advisory fees from an
      account held by a qualified custodian; and

   b. The firm or a representative of the firm will send the qualified custodian a
      written invoice detailing the fee amount to be deducted from the client
      account

Note, as an SEC-registered adviser, the Firm will rely on the qualified custodian(s) to
send client’s fee statements.
Investment advisory services begin with the effective date of the Agreement, which is
the date the Client signs the Investment Advisory Agreement. For that calendar
quarter, fees will be adjusted pro rata based upon the number of calendar days in
the calendar quarter that the Agreement was effective. Any contributions or
withdrawals made during a calendar quarter will cause an adjustment to the
advisory fee.
Clients may terminate their account within five (5) business days of signing the
Investment Advisory Agreement for a full refund. For cancellation after the five (5)
business days, Client will be entitled to a pro rata refund for the days service was
not provided in the final quarter. An updated Client agreement acknowledging any
increase in said fees shall be executed by the Client and CAM.

Custodians may charge transaction fees on purchases or sales of certain mutual funds,
equities, and exchange-traded funds. These charges may include Mutual Fund
transaction fees, commissions, postage and handling, margin interest, and
miscellaneous fees (fee levied to recover costs associated with fees assessed by self-
regulatory organizations). These transaction charges are usually small and incidental
to the purchase or sale of a security. The selection of the security is more important
than the nominal fee that the custodian charges to buy or sell the security. CAM will
not receive any of these additional fees.
For more details on the brokerage practices, see Item 12 of this brochure.
CAM does not receive any external compensation for the sale of securities to
Clients, but Investment Advisor Representatives of the firm receive commissions as
registered representatives of Cetera Advisors, LLC, a member of FINRA/SIPC.

Envestnet
For Clients utilizing the Envestnet platform, fees for CAM will be based on assets
under management as follows:

 Assets Under Management                   Annual Fee                  Quarterly Fee
      First $1,000,000                       .95%                         .238%
      Next $1,000,000                        .90%                         .225%
      Next $1,000,000                        .85%                         .213%
      Next $1,000,000                        .80%                         .200%
      Next $1,000,000                        .75%                         .188%
  Amounts Over $5,000,000                  Negotiable                   Negotiable

This is a blended fee schedule; the asset management fee is calculated by applying
different rates to different portions of the portfolio.

For example, a Client with $4,000,000 under management would pay $35,000 on an annual
basis.
       First $1,000,000 x .0095 = $9,500
       Next $1,000,000 x .0090= $9,000
...

Item 7: Types of Clients
     CAM generally provides investment advice primarily to individuals and high net
     worth individuals. Client relationships vary in scope and length of service.
     CAM requires a minimum of $500,000 to open an account, but the firm does have the
     discretion to accept accounts with less assets. Minimum size accounts are accepted as
     an accommodation to Clients with multiple accounts, and/or for those making regular
     additions to their account(s).