Federmann Financial Advisors Inc

Item 5           Fees and Compensation

   A.
                                   INVESTMENT ADVISORY SERVICES
         Federmann Financial provides discretionary investment advisory services on a fee-only
         basis, Federmann Financial’s negotiable annual investment advisory fee shall generally be
         based upon a percentage (%) of the market value and type of assets placed under
         Federmann Financial’s management (between negotiable and 1.25%) as follows:

                          Market Value of Portfolio            % of Assets
                          Up to $1,000,000                       1.25%
                          $1,000,001 - $3,000,000                1.00%
                          Above $3,000,000                      Negotiable

         Please Note: Federmann Financial, in its sole discretion, may charge a lesser investment
         advisory fee and/or charge a flat fee based upon certain criteria (i.e. anticipated future
         earning capacity, anticipated future additional assets, dollar amount of assets to be
         managed, related accounts, complexity of the engagement, account composition, prior fee
         schedules, competition, negotiations with client, anticipated services to be rendered,
         grandfathered fee schedules, employees and family members, courtesy accounts etc.).
         Please Also Note: As result of the above, similarly situated clients could pay different fees.
         In addition, similar advisory services may be available from other investment advisers for

     similar or lower fees. ANY QUESTIONS: Federmann Financial’s Chief Compliance
     Officer, Lisa A. Kelly, remains available to address any questions that a client or
     prospective client may have regarding advisory fees.

     Please Also Note: As discussed in Item 7 below, Federmann Financial generally requires
     an annual minimum fee of $2,500 for investment advisory services. If a client is accepted
     by Federmann Financial with less than $200,000 in investment assets, and such client is
     subject to Federmann Financial’s $2,500 minimum annual fee, that client will pay a higher
     percentage annual fee than what is reflected in the fee schedule above.

            FINANCIAL PLANNING AND CONSULTING SERVICES (STAND-ALONE)
     To the extent specifically requested by a client, Federmann Financial may determine to
     provide financial planning and/or consulting services (including investment and non-
     investment related matters, including estate planning, insurance planning, etc.) on a stand-
     alone fee basis. Federmann Financial’s planning and consulting fees are negotiable, but
     generally range from $2,500 to $15,000 on a fixed fee basis, and from $325 to $400 on an
     hourly rate basis, depending upon the level and scope of the service(s) required and the
     professional(s) rendering the service(s). *Federmann Financial may, in its sole discretion,
     also charge financial planning and/or consulting services clients an initial consultation fee
     of $500. If the client engages Federmann Financial to provide investment advisory
     services, Federmann Financial may offset all or a portion of its fees for financial planning
     and/or consulting services based upon the amount paid for investment advisory services.

                                TAX PREPARATION SERVICES
     To the extent requested by the client, Federmann Financial may determine to provide tax
     preparation services on a stand-alone basis at a current rate of $325 to 400 per hour (based
     upon the amount and complexity of the services to be provided), subject to a minimum
     total fee of $650

     Clients may elect to have Federmann Financial’s advisory fees deducted from their
     custodial account. Both Federmann Financial's Wealth Management Agreement and the
     custodial/ clearing agreement may authorize the custodian to debit the account for the
     amount of Federmann Financial's investment advisory fee and to directly remit that
     management fee to Federmann Financial in compliance with regulatory procedures. In the
     limited event that Federmann Financial bills the client directly, payment is due upon receipt
     of Federmann Financial’s invoice. Federmann Financial shall deduct fees and/or bill client
     quarterly in advance, based upon the market value of the assets on the last business day of
     the previous quarter. As discussed below, unless the client directs otherwise or an
     individual client’s circumstances require, Federmann Financial shall generally
     recommend that Fidelity or Schwab serve as the broker-dealer/custodian for client
     investment management assets. Broker-dealers such as Fidelity or Schwab charge
     brokerage commissions and/or transaction fees for effecting certain securities transactions
     in accordance with its brokerage commission and transaction fee schedule. In addition to
     Federmann Financial’s investment management fee, brokerage commissions and/or
     transaction fees, clients will also incur, relative to all mutual fund and exchange traded fund
     purchases, charges imposed at the fund level (e.g. management fees and other fund
     expenses). While certain custodians, including Schwab and Fidelity, generally (with
     exceptions) do not currently charge fees on individual equity transactions (including
     ETFs), others do.

B.   There can be no assurance that Schwab and or Fidelity will not change their transaction
     fee pricing in the future. Schwab and Fidelity may also assess fees to clients who elect to

         receive trade confirmations and account statements by regular mail rather than
         electronically.

  C.     Federmann Financial's annual investment advisory fee shall be prorated and paid quarterly,
         in advance, based upon the market value of the assets on the last business day of the
...

Item 7           Types of Clients

         Federmann Financial’s clients shall generally include individuals, high net worth
         individuals, trusts and estates. Federmann Financial generally requires an annual minimum
         fee of $2,500 for investment advisory services. Federmann Financial also maintains a minimum
         asset requirement of $200,000. Federmann Financial, in its sole discretion, may waive or
         reduce its minimum fee or minimum managed assets requirements based upon certain
         criteria (i.e. anticipated future earning capacity, anticipated future additional assets, dollar
         amount of assets to be managed, related accounts, account composition, negotiations with
         client, etc.). Please Note: Similar advisory services may be available from other investment
         advisers for similar or lower fees. ANY QUESTIONS: Federmann Financial’s Chief
         Compliance Officer, Lisa A. Kelly, remains available to address any questions that a client
         may have regarding its advisory fee schedule.