Monetary Solutions Ltd

ITEM 5 FEES AND COMPENSATION
   Description

        MONETARY SOLUTIONS, LTD. bases its fees on a percentage of assets under
        management and hourly charges.

        The annual Advisory Service Agreement fee is based on a percentage of the investable
        assets according to the following schedule:

                 1.10% on the first $250,000
                 0.85% on the next $250,000 (from $250,001 to $500,000)
                 0.60% on the assets above $500,000

        Fees are negotiable.

   Fee Billing

        Investment management fees are billed monthly, in arrears, meaning that we invoice
        you after the one-month billing period has ended. Payment in full is expected upon
        invoice presentation. 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.

   Other Fees

        Custodians may charge transaction fees on purchases or sales of certain mutual funds
        and exchange-traded funds. 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.
        MONETARY SOLUTIONS, LTD., 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.).

   Expense Ratios

                               MONETARY SOLUTIONS LTD

        Mutual funds 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 charges 0.5% for their services.
        These fees are in addition to the fees paid by you to MONETARY SOLUTIONS, LTD..

        Performance figures quoted by mutual fund companies in various publications are
        after their fees have been deducted.

   Past Due Accounts and Termination of Agreement

        MONETARY SOLUTIONS, LTD. reserves the right to stop work on any account that is
        more than 90 days overdue. Any unused portion of fees collected in advance will be
        refunded within 30 days.

ITEM 7 TYPES OF CLIENTS
   Description

        MONETARY SOLUTIONS, LTD. generally provides investment advice to individuals,
        profit sharing plans, corporations or business entities.

        Client relationships vary in scope and length of service.

   Account Minimums

        The minimum account size is $13,600 of assets under management, which equates to
        an annual fee of $500.

        When an account falls below $13,600 in value, the minimum annual fee of $150 is
        charged.

        MONETARY SOLUTIONS, LTD. has the discretion to waive the account minimum.
        Accounts of less than $13,600 may be set up when the client and the advisor

                               MONETARY SOLUTIONS LTD

       anticipate the client will add additional funds to the accounts bringing the total to
       $50,000 within a reasonable time. Other exceptions will apply to employees of
       MONETARY SOLUTIONS, LTD. and their relatives, or relatives of existing clients.

       Clients receiving ongoing asset management services will be assessed a $150
       minimum annual fee. Clients with assets below the minimum account size may pay a
       higher percentage rate on their annual fees than the fees paid by clients with greater
       assets under management.