Ellsworth Advisors LLC

Item 5: Fees and Compensation
A. Fee Billing
     Billing of Individual Wealth Management Services Fees

        Total Assets Under Management        Annual Fees
        All Assets                           1.00%

       Advisory Fees are negotiable depending upon the needs of the Client and the complexity of the
       situation. To calculate the monthly fees, Advisor uses the average daily balance in the client's account
       throughout the billing period for purposes of determining the market value of the assets. This market
       value is used to calculate the monthly fees by multiplying the average daily balance by the negotiated
       fee. This value is then multiplied by the number of days in the month divided by the number of days in
       the year. Advisor charges a single asset-based fee for services covered by the wrap program.

       The maximum fee charged for the program is 1.00%.

                   ((Average daily balance market value) x (negotiated annual fee))
                                                   X
                           ((days in the billing month) / (days in the year))

                 Example:        $100,000 * .01 = $1,000
                                 30 days / 365 = .082
                                 $1,000 * .082 = $82.19 for the monthly fee

        With the client’s written permission, Advisor deducts fees directly from the client’s account(s). Fees
        are deducted monthly and in arrears. All of the fees collected are kept by Advisor as the portfolio
        manager.

       Advisor reserves the right to amend its fee schedule at any time upon thirty (30) days written
       notice to Client.

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 Billing of Corporate Retirement Plan Fees
   Advisor is compensated for its Corporate Retirement Plans via a fee schedule that is documented in
   Schedule A of the Retirement Plan Consulting Program agreement.

   Advisor and the client may agree to a fixed annual, quarterly, or monthly amount. The standard rate
   for fixed fees is between $2,500 and $150,000 annually. The final fee schedule will be memorialized
   in the Retirement Plan Consulting Program agreement Schedule A.

   Advisor and the client may agree to a fee based on a percentage of assets under advisement.

   Fees are negotiable and can be charged on a percentage of assets under advisement, a per participant
   fee, a fixed fee, or a combination of fee options. For example, there can be a flat quarterly fee in
   combination with a per participant fee.

   When the fee is based on the assets under advisement, the percentage of assets under advisement
   advisory fee is calculated based on the average daily balances in the client's account throughout the
   billing period.

   Per participant fees will be based on the number of participants enrolled in the plan.

   The final fee schedule will be memorialized in the Retirement Plan Consulting Program agreement
   Schedule A.

 Billing of Financial Consulting Fees
   Advisor is compensated for Financial Consulting. A fixed rate for creating client financial plans is
   negotiable and based on numerous factors such as complexity, number of accounts, tax
   considerations, distribution calculations, various account types, and current investments to name a
   few and is memorialized in the Financial Planning Agreement Exhibit I.

   These fees are charged in arrears upon completion. If the Financial Planning Agreement is terminated
   prior to completion of the financial planning services, then Client will be responsible for paying the
   prorated fee for work completed but unpaid (if any) at the time termination becomes effective.

  Billing of Alternative Investing Fees
     Private Equity and Private Real Estate
     Advisor is not compensated for offering alternative investments although there are costs associated
     with these types of investments. The costs associated with each alternative investment will be
     detailed in the documentation provided by the investment bank or sponsor.
     Variable and Fixed Annuities
     Advisor will be compensated by the insurance company for annuities that the Advisor is an agent or
     broker for. These fees are referred to as commissions and will be taken from your initial and/or
     ongoing investment. The costs associated with each annuity will be detailed in the prospectus
     delivered by the offering insurance company.
Billing of Family Office Services Fees
     The costs associated with the creation of the Family Office would be borne by the family creating the
     office.
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B. Payment of Fees
     Payment of Individual Wealth Management Services Fees
       With the Client’s written permission, Advisor deducts fees directly from the Client’s Managed
       Account(s). Fees are deducted monthly and in arrears.

     Payment of Corporate Retirement Plan Fees
       Fixed pension consulting fees are paid via check or wire. These fees are paid in arrears upon
       completion.

       With the client’s written permission, fees can be withdrawn directly from the client's accounts on a
       monthly or quarterly basis. Fees are paid in arrears.

     Payment of Financial Consulting Fees
       The fixed financial consulting fees are paid via check or wire. Depending on the complexity, a deposit
       may be required at the time the agreement is executed; however, the balance will be paid in arrears
       uponcompletion.

     Payment of Alternative Investing Fees
       Private Equity and Private Real Estate
       Advisor is not compensated for offering alternative investments although there are costs associated
...

Item 7: Types of Clients
Advisor generally provides advisory services to the following types of clients:

        •   Individuals
        •   High-Net-Worth Individuals
        •   Corporations or Other Businesses
        •   Pension and Profit-Sharing Plans
        •   Trusts

      There is no account minimum for any of Advisor’s services.

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