Cardinal Wealth Advisory LLC

Item 5. Fees and Compensation

Clients are charged a quarterly fee that is billed quarterly and payable in advance at the beginning of each
quarter. Each quarterly billing is one quarter (25%) of the appropriate annual fee applied to the ending
balance of the account, including cash equivalents, at quarter end.

Market Value of Account         Fixed Income         Equity
        $0 - $1,000,000              .40%            1.50%
$1,000,001 - $3,000,000              .30%            1.25%
$3,000,001 - $5,000,000              .25%            1.00%
$5,000,001 - $10,000,000             .20%             .85%
     Above $10,000,000             Negotiable       Negotiable

All Fee Arrangements are negotiable. Client accounts that are initiated mid-quarter are charged a pro rata
fee for the fraction of the quarter during which the account is under management. Client accounts that are
terminated mid-quarter are rebated the pro rata fee for the fraction of the quarter during which the
accounts are not under management. When client funds are placed with other money managers additional
fees may be imposed by such money managers.

Employees of Cardinal Wealth may provide services regarding insurance products consistent with the
client's financial and tax status, age, risk tolerance and investment objectives. Employees of Cardinal
Wealth may assist clients in analyzing and evaluating variable and traditional life insurance policies in
terms of how they affect the clients goals and objectives. Fee arrangements for these services are
disclosed and negotiated before any such services are rendered.

Investment advisory services provided by associated persons of Cardinal Wealth may include advice about
private equity funds. These funds are typically organized as limited liability companies or limited
partnerships.

Employees of Cardinal Wealth may provide a client with advice on managed futures funds and accounts,
hedge funds and other alternative investments consistent with the client's financial and tax status, age, risk
tolerance and investment objectives. These funds are typically organized as limited liability companies or
limited partnerships.

Item 7. Types of Clients

Cardinal Wealth Advisory provides investment advice to individuals, high-net-worth individuals,
banking or thrift institutions, insurance companies, and corporations.