Greenfield Seitz Capital Management LLC

Item 5: Fees and Compensation

A. Fee Schedule

Investment Supervisory Services Fees

          Total Assets Under Management                    Annual Fee
                 $1 - $5,000,000                             1.00%

                Above $5,000,000                          Negotiable

These fees are negotiable, and the final fee schedule is attached as Exhibit II of the
Investment Advisory Contract. Fees are paid quarterly in advance, and clients may
terminate their contracts with written notice. Refunds are given on a prorated basis,
based on the number of days remaining in a quarter at the point of termination. Clients
may terminate their contracts without penalty, for full refund, within 5 business days of
signing the advisory contract. Advisory fees are withdrawn directly from the client’s
accounts with client written authorization.

It should be noted that lower fees for comparable service may be available from other
sources. The exact fees and other terms will be outlined in the agreement between you
and GSCM.

B. Payment of Fees

Payment of Investment Supervisory Fees
Advisory fees are withdrawn directly from the client’s accounts with client written
authorization. Fees are paid quarterly in advance.

C. Clients Are Responsible For Third Party Fees

Clients are responsible for the payment of all third-party fees (i.e. custodian fees, mutual
fund fees, transaction fee etc.). Those fees are separate and distinct from the fees and
expenses charged by GSCM.           Please see Item 12 of this brochure regarding
broker/custodian. Raymond James charges the following transaction fees to clients:

                   Trade Types                          Transaction Fees
             Equity Transaction fees                         $0.00

                      ETFs                                   $0.00

                      Bonds                                  $14.95

         M/fs, UITs, Closed-end Funds                        $19.95

                     Options                       $0.00 + $0.65 per contract

                         Trade Types                         Transaction Fees
                      Prime Brokerage                            $25.00

       D. Prepayment of Fees

       GSCM collects fees in advance. Fees that are collected in advance will be refunded based
       on the prorated amount of work completed at the point of termination and the total days
       during the billing period. Fees will be returned within fourteen days to the client
       Account.

       E. Outside Compensation For the Sale of Securities to Clients

       Neither GSCM nor its supervised persons accept any compensation for the sale of
       securities or other investment products, including asset-based sales charges or services
       fees from the sale of mutual funds.

Item 7: Types of Clients

GSCM generally provides investment advice to the following Types of Clients:

             Individuals
             High-Net-Worth Individuals
             Pension and Profit-Sharing Plans
             Government Entities

       Minimum Account Size

       There is an account minimum, $1,000,000 which can be waived by the investment
       advisor, based on the needs of the client and the complexity of the situation.