Raab & Moskowitz Asset Management LLC

Item 5 Fees and Compensation
Our fee for portfolio management services is based on a percentage of your assets we manage and is
set forth in the following fee schedule:

Assets Under Management                                     Annual Fee
First $2.5 million                               1.00% (i.e., 100 basis points)
Any amount above $2.5 million                    0.60% (i.e., 60 basis points)

Our annual fee is billed and payable in arrears as of a date each month or quarter as set by our firm
and is based on the market value of the assets in your account as of that date. In valuing your account
for the purposes of calculating our advisory fee, the market value of the assets under management in
the account means the total market value of the assets in the account as reflected in the custodian's
account records as of the close of business on your billing date. Non-managed assets will be excluded
from the total market value when calculating advisory fees. Advisory fees are collected directly from
your account. You will be provided with an account statement reflecting the deduction of the advisory
fee direct from the account custodian. If the Account does not contain sufficient funds to pay advisory
fees, we have limited authority to sell or redeem securities in sufficient amounts to pay advisory fees.

At our discretion, we may combine the account values of family members living in the same household
to determine the applicable advisory fee. For example, we may combine account values for you and
your minor children, joint accounts with your spouse, and other types of related accounts. Combining
account values may increase the asset total, which may result in your paying a reduced advisory fee
based on the available breakpoints in our fee schedule stated above.

We will send you an invoice for the payment of our advisory fee, or we will deduct our fee directly from
your account through the qualified custodian holding your funds and securities. We will deduct our
advisory fee only when you have given our firm written authorization permitting the fees to be paid
directly from your account. Further, the qualified custodian will deliver an account statement to you at
least quarterly. These account statements will show all disbursements from your account. You should
review all statements for accuracy. We will also receive a duplicate copy of your account statements.

You may terminate the investment management agreement at any time upon at least thirty 30-days'
written notice from one party to the other. Such termination will not affect the liabilities or the
obligations of the parties under the agreement arising from transactions initiated prior to such
termination. In the event of termination of the agreement, we shall have no obligation whatsoever to
recommend any action with respect to, or to liquidate, the securities, property or other assets in your
accout. You will incur a pro rata charge for services rendered prior to the termination of the portfolio
management agreement, which means you will incur advisory fees only in proportion to the number of
days in the quarter for which you are a client.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders. These fees will generally
include a management fee, redemption fees, and other fund expenses. You will also incur transaction
charges and/or brokerage fees when purchasing or selling securities. These charges and fees are
typically imposed by the broker-dealer or custodian through whom your account transactions are
executed. We do not share in any portion of the brokerage fees/transaction charges imposed by the
broker-dealer or custodian. To fully understand the total cost you will incur, you should review all the
fees charged by mutual funds, exchange traded funds, our firm, and others.

Compensation for the Sale of Securities or Other Investment Products
We do not accept any compensation for selling or investing in any product.

Item 7 Types of Clients
We offer investment advisory services to individuals, trusts, and corporate retirement plans.

We require a minimum account size of $500,000.00 to open and maintain an advisory account.