Ridgewood Investments LLC

Item 5 Fees and Compensation
Unless otherwise agreed, fees are charged quarterly in arrears based on the value of assets
under management as of the last day of the calendar quarter. Management fees will be
automatically debited from client accounts on a quarterly basis by the adviser at the qualified
custodian of record. The custodian maintains possession of client assets in accordance with the
client authorization in the Advisory Agreement ("Agreement"). Clients requesting to be billed rather
than having fees debited automatically from their account will be charged an additional
administrative charge of $100.00 per account per year for each account with alternate billing
arrangements.

Investment Advisory Fees for discretionary accounts range from 1.50% to 0.75% depending on
the size and complexity of the Client relationship; the strategy or strategies being implemented;
and/or additional services provided to the client. Relationships with multiple objectives, specific
reporting requirements, portfolio restrictions and other complexities may be charged a higher fee.

The Firm’s advisory affiliates, Ridgewood and DGP, maintain separate fee schedules that reflect
differences in client service models and account structures.

Advisory fees are asset-based and charged as a percentage of assets under management;
however, the specific fee tiers and breakpoints may vary by office, and client agreement, and are
customized to the services provided. Details regarding the applicable fee schedule are provided in
each client’s Advisory Agreement.
Investment Advisory Fees include money market balances on the last trading day of each calendar
quarter. In any partial calendar quarter, fees are pro-rated based on the number of days in which
the account is open during the quarter. All securities and their values are determined by each
custodian or mutual fund, their designee, or other third party sources unless otherwise noted. Fee
calculations are derived from these valuations.
Management fees are negotiable under certain circumstances, at the sole discretion of the
Adviser. Ridgewood's fee is separate and distinct from the custodian and execution fees. All
commissions, custody, execution fees and other related costs or expenses charged by the
qualified custodian and/or executing broker-dealer (or other financial institution(s) involved with
the client account) are charged separately.
Such fees may include custodial fees, charges imposed directly by a mutual fund or exchange
traded fund in the account, which shall be disclosed in the fund's prospectus (e.g., fund
management fees and other fund expenses), deferred sales charges, transfer taxes, wire transfer
and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Ridgewood does not receive any portion of these commissions, fees, and costs.

Fixed and Hourly Fees

The adviser also may provide certain services related to consulting, financial planning or other
financial advisory services on an hourly or fixed fee basis. Depending on the scope of the work to
be performed and the professional performing the advisory services, the hourly rate will range
from a low of $450 per hour to a high of $1,000 per hour. Fixed fees are customized to the scope
of the project to be performed and are discussed with clients in advance. Adviser will perform fixed
fee or hourly advisory assignments by either oral or written agreement with the client and will bill
either in advance or arrears depending on the arrangement and the scope of work to be
performed. Fixed and hourly fees are negotiable at the sole discretion of the Adviser

Termination of Advisory Relationship

The advisory agreement may be canceled at any time, by either party, for any reason upon thirty
days' prior written notice. Upon termination of an account, any prepaid and/or unearned fees will
be promptly refunded. Similarly, any earned and/or unpaid fees will be due and payable. Clients
retain the right to terminate the advisory agreement without penalty within five business days after
entering into an Agreement. The Agreement is not transferable unless the client provides written
authorization or the client is notified in advance and does not object in writing within the required
notice period.

Item 7 Types of Clients
Ridgewood provides investment management services to individuals, high net-worth individuals,
pension and profit sharing plans, trusts, estates, charitable organizations, foundations,
corporations and business entities. Clients are required to enter into a written agreement with the
Adviser setting forth the terms and conditions under which Ridgewood renders its services.
Ridgewood has an account minimum of $500,000, which may be reduced at the sole discretion of
the Adviser.