MB Levis & Associates LLC

Item 5           Fees and Compensation

   A.
                               INVESTMENT MANAGEMENT SERVICES
         If you choose to engage our firm to provide discretionary investment advisory services on
         a fee only basis, we shall generally price our advisory services based upon various
         objective and subjective factors. As a result, our clients could pay diverse fees based
         upon the type, amount and market value of their assets, the anticipated complexity of the
         engagement, the anticipated level and scope of the overall investment advisory services
         to be rendered, negotiations. Additional factors affecting pricing can include related
         accounts, employee accounts, competition, and negotiations. As a result of these factors,
         similarly situated clients could pay diverse fees, and the services to be provided by the
         Firm to any particular client could be available from other advisers at lower fees. All
         clients and prospective clients should be guided accordingly.

         Our annual investment management fee will vary but will generally not exceed 1.00% of
         the total assets placed under our management.

   B. You may elect to have our advisory fees deducted from your custodial account. Our
      Investment Advisory Agreement and the custodial/clearing agreement may authorize the
      custodian to debit the account for the amount of our investment advisory fee and to
      directly remit that management fee to us in compliance with regulatory procedures. In the
      limited event that we bill you directly, payment is due upon receipt of our invoice. We
      will deduct fees and/or bill you quarterly in arrears, based upon the market value of the
      assets on the last business day of the previous quarter, including any accrued interest.

   C. As discussed below, unless you direct otherwise or your circumstances require, we will
      generally recommend that Charles Schwab and Co., Inc. (“Schwab”) serve as the broker-
      dealer/custodian for your investment management assets. Schwab charges brokerage
      commissions and/or transaction fees for effecting certain securities transactions (i.e.,
      transaction fees are charged for certain no-load mutual funds, commissions are charged
      for individual equity and fixed income securities transactions). In addition to our
      investment management fee, brokerage commissions and/or transaction fees, you will

         also incur, relative to all mutual fund and exchange traded fund purchases, charges
         imposed at the fund level (e.g., management fees and other fund expenses).

   D. Our annual investment advisory fee will be prorated and paid quarterly in arrears based
      upon the market value of the assets on the last business day of the previous quarter. We
      generally require an annual minimum fee of $5,000. Therefore, in certain limited cases,
      clients will pay a higher percentage annual fee than referenced in item 5.A. above.
      However, the effective annual investment management fee shall not exceed 2% of the
      total assets under our management. We, in our sole discretion, may charge a lesser
      investment management fee and/or waive or reduce our minimum fee 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,
      negotiations with you, etc.).

         The Investment Advisory Agreement between us and you will continue in effect until
         terminated by either party by written notice in accordance with the terms of the
         Investment Advisory Agreement. Upon termination, we will debit the account for the
         pro-rated portion of the unpaid advanced advisory fee based upon the number of days
         services were provided during the billing quarter.

   E. Neither we, nor our representatives accept compensation from the sale of securities or
      other investment products.

Item 7           Types of Clients

         Our clients shall generally include high net worth individuals, corporate pension and
         profit-sharing plans, charitable organizations, and trusts and estates.