MACE Capital Management LLC

Item 5 - Fees and Compensation

Mace Capital’s per annum asset-based fee schedule is as follows:

      •    0.75% Equities

      •    0.50% Fixed income

      •    0.00% Cash

Mace Capital charges two separate percentages for assets under management which consists of 0.50%
for fixed income and 0.75% for equities. The account size is from $100,000 and up. There are no break
points. For example, if the client has $500,000.00 and all of that is in fixed income, the client is charged
0.50% which is $2500.00 per year. This amount is divided by four (0.1250%) and the client is charged
$625 per quarter.

The client pays Mace Capital for its investment management services based upon the client’s security
types as set forth in above fee schedule. Fees are calculated by multiplying the assets under management
by the relevant security type and dividing such by four (4). Accounts opened in mid-quarter will be
assessed at a pro-rated management fee. Fees are payable quarterly in advance. The minimum quarterly
fee is $250.00. Mace Capital may, at its discretion, negotiate a discount to the minimum quarterly fee.
Fees for the initial quarter will be adjusted pro-rata based upon the number of calendar days in the calendar
quarter that the Agreement goes into effect.

Fees are calculated on an incremental basis and are subject to change with thirty (30) days’ written notice.
With regards to employee related accounts and certain other accounts, the quarterly fees may be less,
depending upon a number of factors, including portfolio size, length of employment and relationship to the
employee.

One Time Consultation Fees

The client will receive a quote on the fixed fee services as defined in Mace Capital’s fee schedule below:

    •   $250.00 for 10 or less positions

    •   $500.00 for 11-20 positions

    •   $1,000.00 for 20 or greater positions

The One Time Advice Consultation fees are computed by the number of positions stated in a client's
holding (custodian) statement. i.e. client has 25 individual stocks would be charged $1000.00. A separate
Financial Planning Agreement is executed with each client using this service. Payment is due upon
completion of plan.

To the extent mutual funds are selected the annual advisory fee set forth above does not include the
customary fees and expenses associated with investing in mutual funds or other costs of establishing and
maintaining an account with mutual funds including Rule 12b-1 fees and expenses. In addition to the annual
advisory fee each mutual fund in which your assets are invested will incur separate investment advisory
fees and other expenses for which you will bear a proportionate share.

Termination

Either party may terminate the advisory agreement upon thirty (30) days’ written notice to the other. The
Client will be entitled to a pro rata refund of any pre-paid quarterly fee based upon the number of days
remaining in the quarter after termination.

Fee Payment Options

Pay-by-check: At the inception of the account and each quarter thereafter, we issue you an invoice for our
services and you pay us by check or wire transfer within 15 days of the date of the invoice.

Additional Fees and Expenses

The following list of fees or expenses are what you pay directly to third parties, whether a security is being
purchased, sold, or held in your account(s) under our management. Fees charged are by the broker dealer
/ custodian.

We do not receive, directly or indirectly, any of these fees charged to you. They are paid to your broker,
custodian or the mutual fund or other investment you hold. The fees may include:
    • Brokerage commissions;
    • Transaction fees;
    • Exchange fees;
    • SEC fees;
    • Advisory fees and administrative fees charged by Mutual Funds (MF), Exchange Traded Funds
        (ETFs)
    • Advisory fees charged by sub-advisers (if any are used for your account);
    • Custodial Fees;
    • Deferred sales charges (on MF or annuities);
    • Odd-Lot differentials;
    • Deferred sales charges (charged by MFs);
    • Transfer taxes;
    • Wire transfer and electronic fund processing fees;
    • Commissions or mark-ups / mark-downs on security transactions;
    • Among others that may be incurred.

We are a fee only investment adviser. We do not have any potential conflicts of interest present that relate
to any additional (and un-disclosed) compensation from you or your assets that we manage.

Item 7 - Types of Clients

We provide advisory services to:

    •   Individuals, including high net worth individuals

    •   Trusts, estates, and charitable organizations

Minimum Account Size

The minimum account size is typically $100,000, which is negotiable.