Csenge Advisory Group LLC

Fees and Compensation

Broker-dealers and other financial institutions that hold client accounts are referred to as
custodians (“custodian/ broker-dealer”). Your custodian/broker-dealer determines the values
of the assets in your portfolio.

We offer our services on a fee-only basis. You must authorize us in writing to have the
custodian/broker-dealer pay us directly by charging your account. If the account does not
contain sufficient funds to pay advisory fees, we have limited authority to sell or redeem
securities in sufficient amounts to pay advisory fees. You may reimburse the account for
advisory fees paid to us, except for ERISA and IRA accounts.

Fees for the initial quarter are prorated based upon the number of calendar days in the
calendar quarter that our agreement is in effect. Thereafter, our fee is calculated based upon
the market value of the assets in your account at the beginning of each calendar quarter.

One-fourth of the annual fee is charged each calendar quarter. Your custodian/broker-
dealer provides you with statements that show the amount paid directly to us. You should
review and verify the calculation of our fees. Your custodian/broker-dealer does not verify
the accuracy of fee calculations.

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                                        CAG Fee Schedule
               Advisory Service                               Maximum Annual Feea
               Asset Management Programs                               2.35%
               Asset Allocation Services                               1.50%
               Third-Party Management Programs                         2.5%b
               Financial Planning and Consulting Services          Fixed/Hourlyc
               Corporate Investment and Retirement
               Plan Services                                           1.5%d

In addition to our wrap fee, you may be required to pay other charges such as custodial fees,
transaction fees, SEC fees, internal fees and expenses charged by mutual funds or exchange
traded funds (ETFs”), and other fees and taxes on brokerage accounts and securities
transactions.

Mutual fund companies, ETFs, and variable annuity issuers charge internal fees and expenses
for their products. These fees and expenses are in addition to any advisory fees charged by
us. Complete details of these internal fees and expenses are explained in the prospectuses
for each investment. You are strongly encouraged to read these explanations before investing
any money. You may ask us any questions you have about fees and expenses.

If you purchase mutual funds through the custodian/broker-dealer, you may pay a transaction
fee that would not be charged if the transactions were made directly through the mutual
fund company. Also, mutual funds held in accounts at brokerage firms may pay internal fees
that are different from funds held at the mutual fund company.

While you may purchase shares of mutual funds directly from the mutual fund company
without a transaction fee, those investments would not be part of our advisory relationship
with you. This means that they would not be included in our investment strategies,
investment performance monitoring, or portfolio reallocations.

Should you terminate the advisory agreement we have entered into within five (5) business days
from the date the agreement is executed, you will receive a full refund of any fees paid, less
any reasonable expenses. However, you shall be responsible for any transactions executed
prior to receipt of the written notice of cancellation.

The majority of our advisory fees must be paid in advance of receiving our services. Should
either one of us terminate the advisory agreement we have entered into before the end of
a billing period, any unearned fees that were deducted from your account will be returned to
you, by us. The amount refunded to you is calculated by dividing the most recent advisory fee
you paid by the total number of days in the quarter. This daily fee is then multiplied by the
number of calendar days in the quarter that our agreement was in effect. This amount, which
equals the amount we earned for the partial quarter, is subtracted from the total fee you paid
in advance to determine your refund.

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You may terminate financial planning services at any time up to presentation of the plan or
analysis. You will be responsible for the time spent on your plan prior to our receipt of the
termination notice at the applicable hourly rate. Should you be dissatisfied with the services,
you will be refunded the planning fee upon return of our plan or analysis.
If you pay our advisory fees after receiving our services and either one of us terminates the
advisory agreement we have entered into before the end of a billing period, any fees that we
have earned are immediately due and payable. We will deliver a final billing statement for
unbilled work upon receipt of your termination notice.

Some of our advisor representatives are also registered representatives and/or investment
advisor representatives a broker dealer or another unaffiliated registered investment
advisor. If you choose to implement your financial plan through a broker dealer,
commissions may be earned by your advisor representative in addition to any fees paid for
advisory services. In addition, where applicable, the advisor representative is entitled to
a portion of the internal expense fees (such as 12b-1 fees) charged by mutual funds.

Some of our advisor representatives are also licensed with various insurance companies.
Commissions may be earned by our advisor representatives if insurance products are
purchased through these insurance companies.

Our advisor representatives may also recommend various asset management firms through
...

Types of Clients

We provide advisory services to charities, individuals, and high net worth individuals,
including their trusts, estates and retirement accounts. We also provide services to
corporations and business entities, including their pension and profit- sharing plans.

There is no minimum account size for starting and maintaining an advisory relationship.

          Methods of Analysis, Investment Strategies and Risk of Loss

CAG conducts fundamental and technical analysis. Fundamental analysis generally involves
assessing a company’s or security’s value based on factors such as sales, assets, markets,
management, products and services, earnings, and financial structure. Technical analysis
involves studying trends and movements in a security’s price, trading volume, and other
market-related factors in an attempt to discern patterns.

A rigorous relative strength methodology is used for the dual aim of reducing portfolio
volatility while seeking to enhance total return. This includes a top-down 4-step process of
market analysis, sector analysis, manager or product analysis and risk management. This can
help with more consistent returns and thereby create a better environment for systematic
withdrawal needs.

CAG primarily uses mutual funds and ETFs. Considerations with mutual funds include the
costs and expenses within the fund that can impact performance, change of managers, and
the fund straying from its objective. Open-ended mutual funds do not typically have a
liquidity issue and are priced at the end of the trading day. Mutual fund fees are described in
the fund's prospectus, which the custodian mails directly to you following any purchase of a
mutual fund that is new to your account. In addition, a prospectus is available online at each
mutual fund company's web site. At your request at any time, we will direct you to the
appropriate web page to access the prospectus.

ETFs trade on an exchange- based market. Therefore, there are inter-day price fluctuations.
Many ETFs mirror a market index, such as the S&P 500.

Our investment strategies may include long-term and short-term purchases. Frequent trading
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can affect investment performance through increased taxes. You may place reasonable
restrictions on the strategies to be employed in your portfolio and the types of investments to
be held in your portfolio.

All investments involve risks that can result in loss, such as loss of principal, a reduction in
earnings (including interest, dividends, and other distributions), and the loss of future earnings.

Additionally, the risks may include the following:

        •      market risk
        •      interest rate risk
        •      issuer risk
        •      general economic risk

Although we manage your portfolio in a manner consistent with your risk tolerances, we
cannot guarantee that our efforts will be successful. You should be prepared to bear the risk
of loss.