Lakeside Advisors Inc

Item 5 – Fees and Compensation

Initial Consultation

When you contact us for an initial consultation, we provide a list of documents for you to
gather before the initial meeting is scheduled. The list includes your employee benefits,
investment accounts, insurance contracts, tax returns, and personal documents such as
estate documents, mortgage, etc.

Our fee for the initial consultation starts at $3,000 and the fee varies depending upon the
complexity of your situation. We will provide you with the initial consultation fee estimate
after we receive the documents from you. The initial consultation fee covers our review of
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the documents you provided to us and a one to two-hour meeting.

Discretionary Management of Accounts

Our annual asset based fee is:

 0.6% per year of the net assets we manage for you which is billed quarterly in advance of
                                      our services

Our fees are calculated based on the value at the end of previous quarter. We consider
cash to be an asset class and include it in our fee calculation. In a low-interest
environment, our fees could exceed the money market yield.

Our fees are negotiable and vary from the standard fee above based on the complexity of
the account, size of the account, number of accounts, client-specific facts or circumstances,
and other considerations. We sometimes agree to offer certain clients a fee schedule that
is lower than that of any other comparable clients in the same investment style. We
sometimes also choose to waive all or a portion of our negotiated fee for a given period.
Finally, we commit that we have provided and will continue to provide certain clients the
lowest fee for a particular investment style and for comparable services.

Although we do not impose a minimum account size to open or maintain an account, we do
impose a minimum annual fee of $1,000 ($250.00 per quarter).

We pro-rate the fee for the number of days in a calendar quarter that we provide services
to you. In cases where an account is terminated during a calendar quarter, we pro-rate the
fee for the number of days the services were provided. We promptly refund any of the pre-
paid and unearned fees to you.

Fees are charged on the value of the assets we manage and reported by your qualified
independent third party, custodian (see Item 12, Brokerage Practices).

Accounts for Deceased Clients

After we are notified of our client’s passing, we provide consultation and help the executor
and/or beneficiaries of a deceased to distribute his/her assets. We charge a flat fee for the
service, which starts at $1,000. The fee varies depending on the complexity of the estate
and is calculated at $250.00 per hour.

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Payment of Advisory Fees:

Direct Debiting

Most clients authorize us to have our advisory fees directly debited from your custodial
account by your custodian upon the presentation of a debit request from Lakeside. The
month following the deduction of our advisory fees by your custodian, you will receive a
statement from your custodian which shows all the holdings in your account(s) and the
deposits or withdrawals from your account (including the advisory fees paid to Lakeside).

Please note that your custodian does not verify the accuracy of our fee calculations. Should
you have questions on our fee calculations, please contact us.

Pay by Check

If you prefer, you can elect to pay our advisory fee upon presentation of an invoice. In this
case we will mail you an invoice and you send us a check. We request our fees be paid
within 15 days of the date of our invoice.

Financial Planning and Consulting Services

Fees for financial planning or consulting services are not negotiable. Fees are offered two
ways for financial planning or consulting services:

1) Hourly: at $250.00 per hour

2) Fixed Fee: based upon an estimate of the hours at $250.00 per hour or as agreed to by
   Lakeside and the specific client.

We estimate the number of hours and fee to meet with, work on and present your financial
plan. One half of the estimated fee is paid in advance of our service with the execution of
the Planning Agreement. We consider the “Plan” completed when the Planning Report is
delivered to you. At this time, we will present the final invoice to you and request payment
within 15 days.

If you choose the Fixed Fee, we will bill one quarter of the fee with the signing of the
Agreement. We then bill you each quarter for the balance of the annual service. Each fixed
fee agreement is subject to re-negotiation. It does not automatically renew.

       Exception: if we mutually agree and document an additional service over and above
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       those specified in the original contract covering planning services for the year, we
       will bill at our standard hourly rate, in addition to the fixed annual fee.

If you terminate a Financial Planning agreement before the plan is delivered to you, we will
bill you for the time spent on your Plan at $250 per hour. Unearned fees are promptly
refunded, earned fees due are billed to you.

Other Fees

Our management fees do not include the following fees and expenses. All of these fees or
expenses are borne by you:

   •   Ticket charges on security transactions
   •   Transaction fees
   •   Other related costs and expenses
   •   Charges imposed by custodians and other third parties, including but not limited
       to:

       o   Advisory fees and administrative fees charged by mutual funds and ETFs
       o   Advisory fees charged by sub-advisers (if any are used for your account)
       o   Custodial fees, if there are any
       o   Odd-Lot differentials
       o   Transfer taxes
       o   Reorganization fees
...

Item 7 – Types of Clients

Portfolio Management Services (Discretionary Management of Accounts) are
provided to:

   •   Individuals and high net worth individuals
   •   Trusts and estates
   •   Individual retirement plan participant accounts
   •   Not for profit entities
   •   Corporation or other business entities (Limited Liability Companies, Limited
       Partnerships, etc.)

We do not impose a minimum asset level to open and maintain a portfolio management
account. However, we do impose a minimum annual fee of $600 per year billed quarterly.
If your asset is less than $100,000, please realize that the minimum annual fee is higher than
0.60%.

Financial Planning and Consulting Services are provided to:

   •   Individuals and high net worth individuals