KJ Capital Management LLC

Item 5 Fees and Compensation
Separately Managed Account Fees

Typically, the annual management fee is 1.50% of the assets under management. Management fees
are negotiable based upon the client's individual needs and circumstances and the nature and scope
of the investment activity within the account. Existing clients may have contracted under a different fee
schedule.

Our annual portfolio management fee is billed and payable quarterly in arrears based on the value of
your account on the last day of the quarter. However, you may prefer to be billed quarterly in advance,
based on the last day or the preceding quarter. Other fee billing and/or payment arrangements may be
made with us and/or the qualified custodian of your account. The agreed upon fees and payment
arrangements will be clearly set forth in the agreement executed between you and us. If the portfolio
management agreement is executed at any time other than the first day of a calendar quarter, our fees
will apply on a pro rata basis, which means that the advisory fee is payable in proportion to the number
of days in the quarter for which you are a client.

We generally require a minimum account size of $100,000 to open and maintain an advisory account.
In our discretion, we may waive this minimum or we may combine the account values of family
members living in the same household to meet this minimum or to determine the applicable advisory
fee. For example, we may combine account values for you and your minor children, joint accounts with
your spouse, and other types of related accounts. Combining account values may increase the asset
total, which may result in your paying a reduced advisory fee based on the available breakpoints in our
fee schedule stated above.

We will deduct our advisory fee only when you have given our firm written authorization permitting the
fees to be paid directly from your account. Further, the qualified custodian will deliver an account
statement to you at least quarterly. These account statements will show all disbursements from your
account, including any fees paid to our firm. You should review all statements for accuracy.

If you elect to be invoiced directly, your fees will be due upon receipt of the invoice.

You may terminate the agreement for services within five days of the date of acceptance without
penalty. Thereafter, either party may terminate the agreement upon 30-days' written notice to the
other. You will incur a pro rata charge for services rendered prior to the termination of the agreement,
which means you will incur advisory fees only in proportion to the number of days in the quarter for
which you are a client. If you have pre-paid advisory fees that we have not yet earned, you will receive
a prorated refund of those fees.

We encourage you to review your statements from your account custodian(s). If you have questions or
if you do not receive a statement, please call our main office number located on the cover page of this
brochure.

Pension Consulting Service Fees
Typically, the annual fee is 1.00% of the plan assets. The scope of these services, the fees, and the
terms of the agreement for these services will be negotiated on a case-by-case basis with each plan
sponsor or named fiduciary. Fees will be negotiated based upon the complexity of the plan and the
scope of the agreed upon services to be provided under the services agreement. In any case, we will
not have access to plan funds for payment of fees without written consent by the plan sponsor or
named fiduciary. The terms regarding payment of fees, termination, and refund will be clearly set forth
in the consulting agreement.

These accounts are regulated under the Employee Retirement Income Securities Act ("ERISA"). We
will provide consulting services to the plan as described above. The plan sponsor or named fiduciary
must make the ultimate decision as to retaining the services of such investment advisers as we
recommend. The plan sponsor or named fiduciary is free to seek independent advice about the
appropriateness of any recommended services for the plan.

Plan participants who wish to engage us for individualized advisory services and fees may do so by
executing a separate agreement with us for individual services as described above in the "Separately
Managed Accounts" section of this brochure.

We may also provide additional types of pension consulting services to plans on an individually
negotiated basis. All services, whether discussed above or customized for the plan based upon
requirements from the plan fiduciaries (which may included additional plan-level or participant-level
services) shall be detailed in a written agreement and be consistent with the parameters set forth in the
plan documents. Our advisory fees for these customized services will be negotiated with the plan
sponsor or named fiduciary on a case-by-case basis.

The plan sponsor may terminate the agreement for services within five days of the date of acceptance
without penalty. Thereafter, either party may terminate the agreement upon 30-days' written notice to
the other. There will be a pro rata charge for services rendered prior to the termination of the
agreement. Fees will be incurred in only proportion to the number of days in the quarter for which
services are rendered. If fees not yet earned have been pre-paid, we will promptly refund the prorated
portion of those fees.

Our compensation for these services is describe herein and also in the service agreement. We do not
reasonably expect to receive any other compensation, direct or indirect, for the services we provide to
the Plan. If we receive any other compensation for such services, we will (i) offset the compensation
against our stated fees, and (ii) we will promptly disclose the amount of such compensation, the
services rendered for such compensation and the payer of such compensation to you.
...

Item 7 Types of Clients
We offer investment advisory services to individuals, trusts, estates, charitable organizations,
municipalities, corporations, and other businesses or entities, including banks, thrifts, investment
companies, and pension and profit sharing plans.

In general, we require a minimum of $100,000 to open and maintain an advisory account. At our
discretion, we may waive this minimum account size. For example, we may waive the minimum if you
appear to have significant potential for increasing your assets under our management. We may also
combine account values for you and your minor children, joint accounts with your spouse, and other
types of related accounts to meet the stated minimum.