Madison Advisory Services Inc

Item 5 - FEES AND COMPENSATION

  Investment Supervisory Services:

                    Total Assets Under Management                          Maximum Annual Fee
               $00.00 - $1,000,000                                               1.5%
               $1,000 - $2,000,000                                               1.4%
               $2,000,001 - $3,000,000                                           1.3%
               $3,000,001 and above                                              1.25%

 These fees are negotiable depending upon the needs of the client and complexity of the situation. Madison
 Advisory uses the average daily balance for purposes of determining the market value of the assets
 upon which the advisory fee is based. Fees are paid quarterly in arrears.

 Because fees are charged in arrears, no refund policy is necessary. Advisory fees are withdrawn directly
 from the client’s accounts with client written authorization.

Fee Dispersion. Madison Advisory, in its discretion, may charge a lesser investment advisory fee, charge a flat fee,
waive its fee entirely, or charge fee on a different interval, based upon certain criteria (i.e. anticipated future earning
capacity, anticipated future additional assets, dollar amount of assets to be managed, related accounts, account
composition, complexity of the engagement, anticipated services to be rendered, grandfathered fee schedules,
employees and family members, courtesy accounts, competition, negotiations with client, etc.). Please Note: As
result of the above, similarly situated clients could pay different fees. In addition, similar advisory services may
be available from other investment advisers for similar or lower fees. ANY QUESTIONS: Madison Advisory’s
Chief Compliance Officer, Gary Schwartz, remains available to address any questions that a client or prospective
client may have regarding advisory fees.

SEI Investments Management Corporation

• Advisory fees are deducted from the client’s account on a quarterly basis in accordance with the
  client agreement.
• The quarterly fee will be deducted from the account at the end of each calendar quarter based upon the
  value of the account on the last business day of the calendar quarter.
• Advisory fees are negotiable.
• Fees are not based on a share of capital gains upon or capital appreciation of the funds or any portion of
  the funds.
• Additional deposits to the Account will be subject to the same billing procedures.

Madison Advisory’s fee schedule is as follows:

In addition to the advisory fee, client may incur charges imposed by SEI in connection with investments
made through the SEI Program such as SEI fund management fees, administrative servicing fees, SEI account
maintenance fees, and other fees charged by SEI or the custodian for any IRA or qualified retirement account.
Information regarding charges and fees assessed by SEI is further disclosed in the SEI Fund prospectus and
in the SEI Client Agreement.

Clients may terminate Madison Advisory’s services within five (5) business days of a client’s execution of the
advisory agreement without penalty. Thereafter, client may terminate upon Madison Advisory’ receipt of
client’s written notice to terminate. Client will be responsible for a prorated portion of the advisory fee for the
quarter up to the date of termination. Client may terminate participation in the SEI managed program in
accordance with the termination provisions disclosed and contained in the SEI Disclosure Brochure and
Investment Management Agreement.

It is important clients refer to the Disclosure Brochures of SEI and selected asset managers for
additional information about the services and management program. Additionally, the SEI Account
Application and the Investment Management Agreement contain important details about the program.

Financial Planning Services

Clients are advised that fees for planning services are strictly for planning services. Therefore, clients
may pay fees and/or commissions for additional services obtained such as asset management or products
purchased such as securities or insurance.

Clients and Madison Advisory will agree upon a fee structure (i.e. hourly fee or fixed fee) and the fee prior to
execution of the advisory agreement. Fees will vary on several factors including but not limited to the
services requested, complexity of the client’s situation, number of meetings required, research required,
and staff resources utilized. Fees are negotiable.

    Fee Type        Maximum Fee                                     Payable
  Fixed Fee       $250 to $20,000         Payable one-half (1/2) upon execution of the advisory agreement
                                          with Madison Advisory and the balance due at the
                                          time of presentation of the plan, unless otherwise negotiated
                                          with you.

                                          Client may terminate the agreement with Madison Advisory and
                                          receive a full refund of any pre-paid advisory fees for planning
                                          services at any time up to presentation of the financial plan
                                          to client.

  Annual Fee      $250 to $20,000         A fee payment schedule will be negotiated with the client.
                                          The annual period begins as of the date of execution of the
                                          advisory agreement and will automatically renew each year
                                          on that date unless the relationship is terminated by the
                                          client.

                                          Client may terminate advisory services within five (5) business
                                          days after entering into the advisory agreement without penalty.
...

Item 7 - TYPES OF CLIENTS

Madison Advisory’s services are geared toward both individual, high-net-worth clients (i.e. clients with a net
worth of $2,000,000), and pension and profit-sharing sharing plans.

Madison Advisory does not require a minimum amount of assets or other requirements in order to obtain services
from Madison Advisory. However, the programs offered by third party managers have established minimums
account requirements.

                                     Madison Advisory Services, Inc.

Minimum account requirements, to the extent applicable, may be waived based on the needs of the client
and the complexity of the situation: