Harbor Light Planning LLC

Item 5 – Fees and Compensation
       Fee Billing
           The specific manner in which fees are charged by Harbor Light Planning is established in a
           client’s written agreement with HLP.

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       Past Due Accounts and Termination of Agreement
           HLP reserves the right to stop working on any account that is more than 30 days overdue. In
           addition, HLP reserves the right to terminate any financial planning engagement where a client
           has willfully concealed or has refused to provide pertinent information about financial situations
           when necessary and appropriate, in HLP’s judgment, to provide proper financial and tax advice.
           HLP is a fee-only financial advisory firm and does not sell investment or insurance products. All
           fees are generally non-negotiable and are paid as described above, directly by the client. Either
           the client or HLP may terminate an engagement at any time, without penalty, upon written
           notice. Upon termination of any agreement, any prepaid, unearned fees will be promptly
           refunded, and any earned, unpaid fees will be due and payable.
       Fees
           Comprehensive Services
           HLP charges a fixed annual fee for its Comprehensive Service. HLP determines client fees
           based upon its understanding of the complexity of their financial situation and the scope,
           amount, type, and extent of the services needed by them. HLP’s fee is billed quarterly, in
           advance. Investment account debit is the preferred payment method of HLP. Clients
           authorize HLP to deduct its fee directly from their accounts held at an independent custodian
           as it becomes due and payable. Where clients have more than one account, HLP will make the
           determination as to which account the fees are taken from based on the client’s best interest, or
           at their instruction. In the event that HLP cannot directly deduct its fee from a client’s account
           or HLP and the client agrees to payment of HLP’s fee directly, HLP will invoice the client for
           its fee as it becomes due and payable; HLP accepts payment by check in those circumstances.
           The range of fees for HLP’s comprehensive services is $5,000 - $100,000.
               Add-ons, credits, and miscellaneous adjustments: A charge of $450 may be assessed for each
               amended tax return prepared, if applicable. A charge of $450 per return may be assessed for
               additional tax returns prepared for dependents of the Client. Credits and miscellaneous
               adjustments may be applied, as deemed appropriate, at the discretion of HLP’s management.
           Project Agreement
           Services under the Project Agreement are typically provided on a flat-fee basis or HLP sets
           project pricing at an hourly fee of $1,000 per hour for specific project requests when a project is
           of nature where estimating a flat-fee is not feasible. Fees are due at the beginning of the
           engagement.

           Investment Management Agreement
           The client shall pay an annual management fee, payable in quarterly installments in advance,
           based on the fair market value of the account(s) on the last business day of the preceding quarter.
           An annual minimum fee of $600 will be applied if calculated management fees are insufficient
           to cover minimum fee, therefore an account with less than $60,000 will pay more than the stated
           fee below. A prorated adjustment of the fee will be made for any assets added to or withdrawn
           from the account during a quarter.

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           The fee will be determined based on the following schedule:

                                      Annual %                Quarterly %

              First $500,000          1.00 %                 0.2500 %

              Next $1,500,000         0.8 %                  0.2000 %

              Next $3,000,000         0.60 %                 0.15 %

              Over $5,000,000         0.50%                  0.1250 %

       The client authorizes HLP to collect its fee by submitting invoices directly to the custodian for
       payment from the assets in the account. Copies of these invoices will also be sent to the Client.
       Other fees
       Clients will incur certain charges imposed by custodians, brokers, third party investment and other
       third parties such as fees charged by managers, custodial fees, deferred sales charges, odd-lot
       differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on
       brokerage accounts and securities transactions. Mutual funds and exchange traded funds also charge
       internal management fees, which are disclosed in a fund’s prospectus. Such charges, fees and
       commissions are exclusive of and in addition to HLP’s fee, and HLP does not receive any portion
       of these commissions, fees, and costs.

Item 7 – Types of Clients
       Harbor Light Planning provides integrative financial planning services primarily to middle-income
       individuals and families. We enjoy working with people from all different walks of life. As such, we
       maintain no minimum net-worth or asset requirements. As discussed above, your chosen
       relationship agreement and fee will be based on your individual circumstances.