Ellis Investment Partners LLC

Item 5 Fees and Compensation
Portfolio Management
As compensation for the portfolio management services described in Item 4 above, including ERISA
plan accounts, EIP charges an annual fee, based on a percentage of the total market value of the
client's assets at the end of each quarter. In limited cases, clients will be billed as determined by the
custodian's billing methodology, which may be in advance or arrears and may include a calculation
based on the average daily balance of a client's account. The specific billing methodology to which a
client is subject, will be described in the advisory agreement signed by the client. In cases where an
illiquid investment is held in the account or where a market value is not readily available, EIP relies on
the valuation reported by the custodian, for purposes of fee billing. For margin accounts, total market
value is used for purposes of fee billing. This is the only direct fee earned by EIP for portfolio
management services and EIP does not earn any indirect fees for these services. The asset
management fee is payable quarterly in advance, based on the value of assets as reported by account
custodians on the last day of the preceding calendar quarter, and will be pro-rated for the portion of a
quarter in which an account is established or terminated. Fees will generally be deducted directly from
the client's brokerage account pursuant to a written standing authorization from the client. The qualified
custodian will deliver an account statement to clients at least quarterly. These account statements will
show all disbursements from a client's account. Clients should review all statements for accuracy.

In extremely rare cases, EIP may allow clients to pay fees directly, by check, following the presentation
of an invoice. Fees are generally based on the fee schedule listed below:

ASSET MANAGEMENT FEE SCHEDULE

The fee arrangement for our Investment Advisory Services is an asset-based fee assessed quarterly in
advance.

       Assets Under Management                   Total Annual Fee
          Less than $500,000                           1.50%
        $501,000 to $1,000,000                         1.25%
           Above $1,000,000                            1.00%

Fees are calculated based on assets under management and are based on the value of assets as
reported by account custodians on the last day of the preceding calendar quarter. Fees will also be
adjusted for any cash flows on a pro-rated basis.

At EIP's discretion, we may combine the account values of family members living in the same
household to determine the applicable advisory fee. Combining account values may increase the asset
total, which may result in a client paying a reduced advisory fee based on the available breakpoints in
our fee schedule stated above.

The client may make deposits or withdrawals during a quarter, which may have an effect on fees. For
all deposits or withdrawals, the fees will be adjusted on a pro-rata basis, reflected on the next invoice.
In addition to the above fees, clients may be subject to administrative, transaction or custodial fees
imposed by the custodian where the client's assets are held, or management or fund expenses
imposed by an investment company or insurance provider. EIP's portfolio management fees may be
higher or lower than those charged by other advisors providing similar services.

A client may terminate the portfolio management agreement upon written notice. Clients will incur a pro
rata charge for services rendered prior to the termination of the portfolio management agreement,
which means clients will incur advisory fees only in proportion to the number of days in the quarter for
which they are a client. If a client has pre-paid advisory fees that we have not yet earned, the client will
receive a prorated refund of those fees.

Direct Indexing Program Fees
Fidelity's direct indexing programs typically involve advisory or program fees charged by Fidelity in
addition to the EIP's advisory fee, where applicable. These fees are generally asset-based and may be
higher than the expenses associated with index mutual funds or ETFs. Clients should carefully review
all applicable fee schedules and disclosures provided by Fidelity prior to investing.

Financial Planning Services

After an initial consultation with a client, a financial planning fee will be quoted to the client for the
financial planning services provided by EIP. The quote is based upon an estimate of the complexity
and time anticipated to perform the services and is based on an hourly rate of $150 - $500, depending
on the complexity of the plan. Fees for comprehensive personal financial plans typically range from
$1,000 - $5,000, or $500 - $2,000 for segmented plans on a specific area. In some cases, fees may be
higher or lower than the range quoted above, at the sole discretion of EIP and as agreed to in advance
by the client. EIP may require that clients pay 50% of the quoted fee up front as a retainer, with the
balance due upon delivery of the services. Depending on the services provided, EIP may also allow
the client to pay the entire fee upon completion of the financial planning services. In either case, clients
are provided with an invoice.

If a client engages EIP for estate planning coordination and analysis and engages EP Navigator for
estate planning services, EIP will assess a separate and additional fee, ranging from $400 - $1,500, for
this service. EIP may waive all or a portion of this fee at its sole discretion.

At the completion of the financial planning process, the client has the option to implement
recommendations through Associates of the firm, but is not obligated to do so. If Associates of EIP
assist in the implementation of any recommendations, clients are asked to engage the firm for Portfolio
Management Services, as described in Item 4 above. Fees for Portfolio Management Services
...

Item 7 Types of Clients
EIP provides investment advisory services to individuals, high-net worth individuals, trusts, estates and
charitable organizations, small businesses, pension plans, and other institutional accounts.

EIP typically requires that clients start with a minimum portfolio of $250,000. While this is generally the
case, EIP may accept smaller portfolios at the firm's sole discretion and based on such factors as
related family accounts or other unique circumstances. However, EIP has the right to terminate a
client's account if it falls below a minimum size which, in our sole opinion, is too small to manage
effectively.