Michael Brady & Co LLC

Item #5: Fees and Compensation

Description
   MB&Co provides investment management services and financial planning services as a
   package. As such, you will pay us directly a fee that is computed as a percentage of the assets
   you have invested with us. This is the only compensation that we receive. We do not receive
   any commissions or any other compensation from the sale of any investment or insurance
   product. We do not receive any compensation from any professional that we may refer you to.
   We do not receive any direct compensation from any broker-dealer or custodian that you may
   use. Because we compute our fee as a percentage of your invested assets, we have a conflict of
   interest. The more assets that clients maintain in their advisory accounts, the more a client will
   pay in fees, and we may therefore have an incentive to encourage the client to increase the
   assets in his or her account.

    Clients receive investment management services and financial planning services for a fee
    computed by a percentage of assets under management, as per the fee schedule below:

                              Account Size          Annual Fee Percentage

                            Up to $250,000                 1.50%
                         $250,001 to $1,000,000            1.00%
                        $1,000,001 to $3,000,000           0.80%
                        $3,000,001 to $5,000,000           0.70%
                            Ove $5,000,000                 0.60%

    Our fee schedule is not tiered. For example, a client with $500,000 would pay 1.00% or $5,000
    per year. A client with $2,000,000 would pay 0.80% or $16,000 per year.

    All fees are negotiable. Current client relationships may exist where the fees are lower than the
    fee schedule above. MB&Co, in its sole discretion, may charge a lesser investment advisory fee
    based upon certain criteria (e.g. historical relationship, anticipated future additional assets,
    related accounts, negotiations with clients, etc.).

Fee Billing
    One fourth of the annual advisory fee will be charged each calendar quarter based on the
    account's market value at the end of the prior quarter (or on the initial deposit amount in the
    first quarter.) Investment management fees are billed in advance, meaning that we invoice you
    at the beginning of the three-month period. Payment in full is expected upon invoice
    presentation. Fees are usually deducted from a designed client account to facilitate billing.

    The client must consent, in writing, in advance to direct debiting of their investment account.
    At termination, client is responsible for any advisory fee accrued from the beginning of the
    quarter to the date of termination. MB&Co is responsible for refund of any payment made in
    advance accrued from the date of termination to the end of the quarter.

    You will pay fees and costs whether you make or lose money on your investments. Fees and
    costs will reduce any amount of money you make on your investments over time. Please make
    sure you understand what fees and costs you are paying.

Other Fees
   Sub-Advisors: Investment management fees charged by third-party sub-advisors are not
   included in, and are in addition to, MB&Co's fees.

    Custodians: Custodians may charge transaction fees on purchases or sales of certain stocks,
    bonds, mutual funds, exchange traded funds or other securities. 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. See
    "Brokerage Practices" below for more information concerning the selection of Custodians.
    MB&Co will attempt to minimize transaction fees where possible.

    Custodians may also charge various fees for services they provide. Custodians will provide a list
    of these various fees to clients at the time accounts are established.

    Other Professionals: If we refer you to other professionals (i.e. attorneys, accountants,
    insurance agents, etc.) you may also pay fees to them for their services.

Expense Ratios
   Mutual funds and ETFs generally charge a management fee for their services as investment
   managers. The management fee is called an expense ratio. For example, an expense ratio of
   0.50 means that the mutual fund company or ETF manager charges 0.5% annually for their
   services. These fees are in addition to the fees paid by you to MB&Co.

    Performance figures quoted by third-party private money managers, sub-advisors, mutual fund
    companies and ETFs in various publications are after their fees have been deducted.

Past-Due Accounts and Termination of Agreement
   Under the Investment Management Services Agreement, asset management fees at termination
   will be billed on a pro rata basis for the portion of the quarter completed. The portfolio value at

    the completion of the prior full billing quarter is used as the basis for the fee computation,
    adjusted for the number of days during the billing quarter prior to termination.

    If the client made an advance payment, MB&Co will refund any unearned portion of the
    advance payment. Any unused portion of fees collected in advance will be refunded within 90
    days.

    MB&Co reserves the right to stop work on any account that is more than 90 days overdue. In
    addition, MB&Co reserves the right to terminate any engagement where a client has willfully
    concealed or has refused to provide pertinent information about financial situations when
    necessary and appropriate, in MB&Co's judgement, to providing proper financial advice.

Item #7: Types of Clients

Description
   MB&Co generally provides financial planning and investment management services to
   individual retirees and pre-retirees. Client relationships vary in scope and length of service.

Account Minimums
   Clients must maintain a combined account balance of $250,000 in their accounts under
   management with us. We may waive this requirement at our sole discretion.