Five Mile River Investment Management LLC

Item # 5   FEES AND COMPENSATION
     A) Advisory Services fees are calculated as 1% of assets under management of up to $5,000,000, billed quarterly in
        arrears, with $500,000.00 minimum per family. Individual accounts in excess of $5,000,000.00 are charged an
        annual fee of 1% for the first $5,000,000 and .75% for those assets over $5,000,000 and up to $10,000,000 and
        .50% for assets in excess of $10,000,000.00. All fee amounts are aggregated for the total billed fee and again
        billed quarterly in arrears. Fees are negotiable with an account inception amount of $20,000,000 or greater.
        Lower fees for a comparable service may be available from other sources. Fees are straight tiered e.g. a $6mm
        account fee is Calculated as follows: $5mm @ 1% = $50,000 plus $1mm @ .75% = $7,500 for a total $57,500.

     B) Advisory fees are deducted directly from the individual accounts unless a client request paying the fees directly.
        There are no other fees or expenses charged by FMR.

     C) RBC is the qualified custodian for FMR. In 2010 RBC waived their standard IRA custodial fee of $50/year for
        all Five Mile River IRA accounts. RBC does charge a $15 fee for all outgoing domestic wires. Alternatively,
        there is no charge for ACH transfers. RBC provides two automated trading platforms and both are used by FMR
        for all accounts custodied with the bank. RBC charges a flat $0.03/share with a $10/ticket minimum for trades.
        Margin debit balances are charged the Federal Funds Rate plus 225 basis points.

     D) FMR does not accept any advance payments for fees.

     E) FMR does not receive any compensation for recommending any securities, nor does the firm receive any
        compensation for trading or commissions generated through trading. See Item # 12 Brokerage Practices page 17.

Item # 7     TYPES OF CLIENTS

           FMR Clients include:

                1) Families

                2) Individual Accounts
                         • Regular, Taxable
                         • IRA
                         • Roth
                         • SEP

                3) Trusts

                4) Employee Profit Sharing

           Account minimum is $500,000.00 (subject to discretion of the Managing Directors)

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