Entrust Investment Services Inc

FEES AND COMPENSATION
Method of Compensation and Fee Schedule
ASSET MANAGEMENT
   Entrust charges an annual investment advisory fee based on the total assets under
   management with a maximum annual fee of 2% of the assets managed. The annual fee
   may be negotiable based upon certain criteria (e.g., historical relationship, type of
   assets, anticipated future additional assets, related accounts, account composition,
   negotiations with Clients, etc.).
   Fees are billed quarterly. The quarterly fee is calculated by: The ending balance of the
   previous quarter multiplied by the annual fee and then divided by 4 [(Previous Quarter
   Ending Balance x Annual Fee) / 4]. Lower fees for comparable services may be
   available from other sources. Clients may terminate their account within seven (7)
   business days of signing the Investment Advisory Agreement with no obligation and
   without penalty. Clients may terminate advisory services with thirty (30) days written
   notice. For accounts opened or closed mid-billing period, fees will be prorated based on
   the days services are provided during the given period. Additionally, if there is a refund
   due to the Client, it is prorated by the number of days services were performed during
   the quarter. Client shall be given thirty (30) days prior written notice of any increase in
   fees. Any increase in fees will be acknowledged in writing by both parties before any
   increase in fees occurs.
   Pursuant to CCR Section 260.238(j), lower fees for comparable services may be
   available from other sources. Total fees to Client will never exceed the safe harbor
   threshold of 3% of assets under management per year. (CCR Section 260.238(j) is a
   California code and may not apply to states other than California.) Clients may terminate
   their account within seven (7) business days of signing the Investment Advisory
   Agreement with no obligation and without penalty. Clients may terminate advisory
   services with thirty (30) days written notice. For accounts opened or closed mid-billing
   period, fees will be prorated based on the day’s services are provided during the given
   period. Additionally, all unearned fees will be refunded to the Client. Client shall be given
   thirty (30) days prior written notice of any increase in fees. Any increase in fees will be

DISCLOSURE BROCHURE

  acknowledged in writing by both parties before any increase in said fees occurs.
  Unless otherwise agreed upon by the client and Entrust Investment Services, the
  following blended tiered billing schedule for Clients is:
                  Threshold                                       Fee
               $0.00 - $500,000                                  1.20%
            $500,001 - $1,000,000                                1.00%
           $1,000,001 - $2,000,000                               0.90%
           $2,000,001 - $3,000,000                               0.80%
           $3,000,001 - $4,000,000                               0.70%
           $4,000,001 - $5,000,000                               0.60%
                 >$5,000,001                                     0.50%

  If Entrust Investment Services is authorized or permitted to deduct fees directly from the
  account by the custodian:

  •   Entrust Investment Services will provide the Client with an invoice concurrent to
      instructing the custodian to deduct the fee stating the amount of the fee, the formula
      used to calculate the fee, the amount of assets under management the fee is based
      on, and the time period covered by the fee;
  •   Entrust Investment Services will obtain written authorization signed by the Client
      allowing the fees to be deducted; and
  •   The Client will receive quarterly statements directly from the custodian which disclose
      the fees deducted.
ERISA PLAN SERVICES
  The annual fees are based on the market value of the Included Assets and will not
  exceed 2%. The annual fee is negotiable and may be charged as a percentage of the
  Included Assets or as a flat fee. Fees may be charged quarterly or monthly in arrears or
  in advance based on the assets as calculated by the custodian or record keeper of the
  Included Assets (without adjustments for anticipated withdrawals by Plan participants or
  other anticipated or scheduled transfers or distribution of assets). If the services to be
  provided start any time other than the first day of a quarter or month, the fee will be
  prorated based on the number of days remaining in the quarter or month. If this
  Agreement is terminated prior to the end of the billing cycle, Entrust Investment Services
  shall be entitled to a prorated fee based on the number of days during the fee period
  services were provided or Client will be due a prorated refund of fees for days services
  were not provided in the billing cycle.

DISCLOSURE BROCHURE

  The fee schedule, which includes compensation of Entrust Investment Services for the
  services is described in detail in Schedule C of the Investment Management Agreement.
  The Plan is obligated to pay the fees; however, the Plan Sponsor may elect to pay the
  fees. Client may elect to be billed directly or have fees deducted from Plan Assets.
  Entrust Investment Services does not reasonably expect to receive any additional
  compensation, directly or indirectly, for its services under this Agreement. If additional
  compensation is received, Entrust Investment Services will disclose this
  compensation, the services rendered, and the payer of compensation. Entrust
  Investment Services will offset the compensation against the fees agreed upon under
  the Agreement.
 SEMINARS
  Entrust Investment Services does not charge fees for seminars.
FINANCIAL PLANNING
  Fees are non-negotiable and are billed 50% in advance with the balance due upon
  delivery of the plan. Services are completed and delivered inside of ninety (90) days
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TYPES OF CLIENTS
Description
   Entrust Investment Services generally provides investment advice to individuals, high
   net worth individuals and businesses.

Account Minimums
   Entrust Investment Services generally requires a minimum of $100,000 to open an
   account but reserves the right to waive this at their sole discretion.