Lipper Advisory Services Inc

Item 5 - Fees and Compensation
                    Lipper Advisory Services offers investment advisory services for a negotiable fee
                    based upon the amount of assets managed, the level of service provided, and the
                    complexity and scope of the assignment. Fees may be asset, retainer, or project
                    based. Fees are paid quarterly in advance or arrears in accordance with the fees set
                    forth in each client’s advisory agreement and may be subject to an annual minimum.
                    Clients may choose to be billed directly or, with written permission, have fees
                    deducted from their account. Lipper Advisory Services and the client have the right
                    to terminate the advisory agreement by written notice. If a relationship is terminated,
                    the client will either receive a pro rata refund of unearned advisory fees or pay any
                    advisory fees and expenses yet due.

                    A client may cancel an advisory agreement without penalty within five (5) business
                    days after it is signed.

                    The above fees for all of the advisory and management services are exclusive of any
                    charges imposed by the custodian or mutual fund, such as: (i) any Exchange/SEC
                    fees; (ii) service or account charges, including debit balances or postage /handling
                    fees; and/or, (iii) transaction fees earned by the custodian for securities transactions,
                    or other fees incurred in connection with mutual funds and separately managed
                    accounts.

Item 7 - Types of Clients
                    Lipper Advisory Services provides investment advisory and consulting services to
                    retirement plan fiduciaries, trustees of tax exempt foundations and endowments,
                    charitable organizations, corporations, insurance companies and wealthy families and
                    individuals.

                    Lipper Advisory Services is the adviser to LSF Partners LP (LSF Partners), a limited
                    partnership investing primarily in the financial services sector. LSF Capital Advisors
                    LLC, of which A. Michael Lipper is the sole member, is the sole general partner of LSF
                    Partners. See Item 10 - Affiliations.

                    Conditions for Managing Accounts
                    Clients are responsible for notifying Lipper Advisory Services of any changes in their
                    financial situation, investment objectives or account restrictions. Lipper Advisory
                    Services does not generally require a minimum amount to be invested. However,
                    Lipper Advisory Services may impose minimum fees for certain investment advisory
                    and consulting services.