Scholtz & Company LLC

Item 5              Fees and Compensation

Scholtz & Company, L.L.C. is compensated for advisory services by a percentage-based fee. Fees are
calculated as a percentage of assets at the beginning of each quarter.

Fee Schedule:
Individually managed accounts are subject to the following fee schedules:

Fee Breakdown (Scholtz & Co - Direct)

                                                                                                      Tactical
                                                     All Cap               Small Cap    Tactical
                                          Balanced              Income                               Allocation
                                                     Equity                 Equity     Allocation
                                                                                                    Conservative
First $750,000                             1.00%     1.25%       0.75%       1.25%       1.25%         1.00%
Next $2,250,000                            1.00%     1.00%       0.75%       1.00%       1.00%         1.00%
Next $2,000,000                            0.90%     1.00%       0.75%       1.00%       1.00%         0.90%
Remaining Balance                          0.90%     1.00%       0.65%       1.00%       1.00%         0.90%

Third Party Wrap Sponsor (S&C Portion)*

Balanced                                   0.50%
All Cap Equity                             0.75%
Income                                     0.50%
Small Cap Equity                           0.75%
Tactical Allocation                        0.75%
Tactical Allocation Conservative           0.50%

*Clients will pay additional fees to the wrap fee sponsor and they will receive a wrap fee brochure.

Where appropriate and within scope, financial planning services are offered as part of the asset
management fee and clients are not additionally charged.

In certain circumstances, fees may be negotiable. Scholtz & Company, L.L.C. may charge different clients
receiving the same services different fees. The tables listed above describe Scholtz & Company, L.L.C's
standard fee schedule. Fees may be negotiable based on the amount of assets under management or
the length or scope of the client relationship.

Method:
Fees are charged quarterly, at the beginning of each quarter for that quarter's service. Most fees are
debited from client’s assets. Clients can choose to be billed separately if they prefer.

Other Fees:
Custodial fees are covered by Scholtz & Company, L.L.C. and are not charged to the client. Commissions
are incurred on a cents-per-share traded basis and are paid to brokers not affiliated with Scholtz &
Company, L.L.C. Please refer to Item 12 for details on our brokerage practices.

Refunds:
Fees are paid in advance for the quarter. Contracts can be terminated at any time with written notice,
and no further fees will be charged. If the contract is terminated before the end of the billing period,
Scholtz & Company, L.L.C. will refund unearned fees. This will be determined using the days left in the
quarter divided by total days in the quarter to calculate the portion of fees to be refunded.

Potential Conflicts of Interest:
Scholtz & Company, L.L.C. does not receive or accept any compensation for the sale or purchase of
securities or other investment products, including asset based sales charges or service fees from the sale
of mutual funds.

Item 7          Types of Clients

Scholtz & Company, L.L.C. generally provides investment advice and management services to
Individuals, trusts, pension plans and institutions.

Account Opening Requirements:
Conditions for investment advisory accounts include prepayment of up to three months' fees and a
minimum account size of $500,000.