Lowell Road Asset Management Inc

Item 5: Fees and Compensation
 Method of Compensation and Fee Schedule
  LRAM bases its fees on a percentage of assets under management.
  ASSET MANAGEMENT
  LRAM offers discretionary and non-discretionary direct asset management services to
  advisory clients. Fees for these services will be based on a percentage of Assets Under
  Management as follows:
        Assets Under Management                      Annual Fee            Quarterly Fee
              First $500,000                           1.50%                 .3750%
         Amounts over $500,000                         1.00%                 .2500%

  The annual Fee may be negotiable. Accounts within the same household may be combined
  for a reduced fee. Fees are billed quarterly in advance based on the amount of assets
  managed as of the last business day of the quarter. Quarterly advisory fees will be
  deducted from the clients' account by the custodian. Lower fees for comparable services
  may be available from other sources. Clients may terminate their account within five (5)
  business days of signing the Investment Advisory Agreement for a full refund. Clients may
  terminate advisory services with written notice. The client will be entitled to a pro rata
  refund for the days service was not provided in the final quarter. Client shall be given
  thirty (30) days prior written notice of any increase in fees and client will acknowledge, in
  writing, any agreement of increase in said fees.

 Client Payment of Fees
  Investment management fees are billed quarterly in advance, meaning we bill you before
  the three-month period has started. Fees are usually deducted from a designated client
  account to facilitate billing. The client must consent in advance to direct debiting of their
  investment account.

 Additional Client Fees Charged
  Custodians may charge transaction fees on purchases or sales of certain mutual funds,
  equities and exchange-traded funds. These charges may include mutual fund transactions
  fees, brokerage fees, postage and handling and miscellaneous fees (fee levied to recover
  costs associated with fees assessed by self-regulatory organizations). These transaction
  charges are usually small and incidental to the purchase or sale of a security. The
  selection of the security is more important than the nominal fee that the custodian
  charges to buy or sell the security.
  LRAM, in its sole discretion, may waive its minimum fee and/or charge a lesser
  investment advisory fee based upon certain criteria (e.g., historical relationship, type of
  assets, anticipated future earning capacity, anticipated future additional assets, dollar
  amounts of assets to be managed, related accounts, account composition, negotiations
  with clients, etc.).
  For more details on the brokerage practices, see Item 12 of this brochure.

  Prepayment of Client Fees
   Investment management fees are billed quarterly in advance.
   If the client cancels after five (5) days, any unearned fees will be refunded to the client, or
   any unpaid earned fees will be due to LRAM.

  External Compensation for the Sale of Securities to Clients
   LRAM does not receive any external compensation for the sale of securities to clients, nor
   do any of the investment advisor representatives of LRAM.

Item 7: Types of Clients
  Description
   LRAM primarily provides investment advice to individuals, high net worth individuals
   and small businesses. Client relationships vary in scope and length of service.

  Account Minimums
   LRAM requires a minimum of $100,000 to open an account, but reserves the right to
   accept accounts with less assets.