Seahorse Financial Advisers Inc

Fees and Compensation

We are compensated by a fee paid directly by our client to us. We do not charge or
collect brokerage commission, referral fees, or product sales charges.

Our Fee Schedule. Our fee is calculated as a percentage of the value of the
accounts we manage. All of your accounts with us are added up, and our fee is
calculated as a percentage of that total amount. Our Stated Standard Contract Rate is
1.45% annually. Our fee schedule applicable to the current year is lower, as follows:

Fee is calculated by Tiers
The Total Fee is the Sum of all Applicable Tiers

Fee Tier      From           To                    Annual Billing Percentage

(1)           $0              $ 1,650,000          .95%
(2)           $ 1,650,000     $ 7,650,000          .45%
(3)           $ 7,650,000     $ 15,150,000         .40%
(4)           $ 15,150,000    $ 25,000,000         .35%
(5)           $ 25,000,000    $ (above)            .30%

Stated Standard Contract Rate is 1.45% annually
Your Rate in the current year is discounted to the above rates.
Fees are subject to credits and charges in individual circumstances
Fees are billed in advance as a retainer for the commenced Half Year
 and are pro-rata refundable if unused
Billing Months are January, April, July, Oct
Each bill covers the three month period in progress.
Bills will be prorated for service for a partial period
Bills will be submitted to the Broker for debit to your account
 14 days after presented to your, unless you have arranged with
 us for direct payment, as by check

Thank you for your many years as a Client of our Firm.

Our fees are negotiable. We may provide a discount for clients that have a long-
standing relationship with our firm.

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Our Annual Fee is billed and collected four a year, in January, April, July and October
of each year

We will submit our bill to you at the beginning of the calendar quarter then in
progress.. We will wait not less than 14 days for you to review and discuss our bill with
us as you wish. If we do not hear from you, we will submit your bill electronically to
your broker custodian for automatic debiting to your account. At any time after
payment, you may raise with us any concern regarding our fee, and we will be happy
to review your concerns with you.

In addition, either you or we may terminate our investment counseling service at any
time, such termination being effective when written notice is received by the other party.
Upon any termination, you will receive a pro-rata refund of any balance of your fee,
calculated from the date termination become effective. Accordingly, if you terminate our
service, we will refund any prepaid fee attributable to the days remaining in the current
billing period after the termination date. After we receive your notice that you wish to
terminate our investment counseling relationship, we will cancel any open orders we
have placed to buy or sell securities in your account, and you will immediately be
responsible for management of your accounts. Accordingly, you must be prepared to
provide management of your accounts immediately and make whatever investment
judgments you wish.

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Identity Theft Credit Rebate Included in your Bill
We strongly advise clients to purchase identity theft protection.

In our billing to you, we have credited you with up to $750, which
       we hope you will use to purchase Identity Theft Protection.

       We have reduced the fee applicable to the first $1,500,000 of
       your accounts from 1% to .95% annually, or $750.

       This credit to your fee is automatic, and you do not need to confirm
       to us that you have purchased Identity Theft Protection.

       But we hope you will!

We recommend Identity Theft Protection services from:

       LifeLock (www.lifelock.com)

Similar services may be available through your bank or other vendors.

We also recommend that you use a two-step log on to your account or a
password mechanical fob available through your broker and make your
account password unique to the broker’s website and complex per internet
standards and recommendations.

Thank you for your many years as a Client of our Firm.

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How We are Paid. We will send you a bill for your fee during the Calendar Quarter in
progress. You may pay by check, or alternatively, depending upon the brokerage
house, we will, unless you have notified us that you wish to pay by check, submit
either an electronic or paper instruction to your broker to deduct the fee from your
account. We submit fees not less than 14 days after the fee statement is mailed to
you. If at any time you have any questions, please advise us and we will correct or
adjust any fee already submitted to the brokerage house.

Hourly Fee. We may from time to time be asked by a client to provide investment
planning advice on an hourly basis in addition to the regular management of an
account. In that event, our billing rate will be $995 per hour. We will agree with our
client in advance regarding the scope of the advice.

Other Fees You May Incur. As the holder of an account, you will incur any fees
charged by your broker, such as commissions, custodian fees etc. If your investments
include mutual funds or exchange traded funds or other similar investments, the fund
will have its own fees that will be in addition to the fees we charge you. In the event
we select a mutual fund for purchase in your account, that mutual fund may have a
sales charge (called a “load”) in addition to our fee, or not (called a “no-load” fund).
Also, the fund may have other charges or annual operating expenses borne by its
shareholders. All these charges will be in addition to our fee. Currently, exchange-
traded funds customarily have some annual expense borne by shareholders, and
these expenses will be in addition to our fee. Please go to the Section entitled
...

Types of Clients

     Our clientele: We generally provide investment advice to individuals, families, minor’s
     accounts, family trusts, family estates and family retirement plans, for example,
     personal IRAs or individual client accounts at a company 401k.

     Our minimum size for a new account, or combination of family accounts, is
     $1,000,000. We may waive that requirement in our discretion.

     We select our investments from among the publicly traded stocks and bonds of U.S.
     and foreign companies; commercial paper, certificates of deposit, municipal securities
     available through the brokerage house where you maintain your account; mutual fund
     shares and exchange traded funds; United States Government securities; publicly
     traded interests in real estate trusts; oil and gas partnerships; and other publicly
     traded commodity and business companies and partnerships.

     We identify a group of investments that we favor in the current business, economic
     and market climate, and limit our investments to that group we have selected. The
     exact balance of investments that we select for your account will vary with our view of
     your individual needs and circumstances.

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Methods of Analysis, Investment Strategies and Risk of Loss

     We manage investment accounts with the goal of both generating annual income and
     some long-term appreciation in the value of the account. Accordingly, we analyze the
     business of stocks or other investments in which we invest; we review general
     economic conditions; we examine the recent activity of investment markets to see if
     investment prices appear “high”; and we try to buy good quality investments at a
     reasonable price. We tend to select investments from among common stock, preferred
     stock, real estate investment trusts, master limited partnerships, municipal and
     government bonds, money market funds, and mutual funds and exchange traded
     funds invested in these assets, although we do not limit our selection of investments to
     these asset classes. The investments we select will be traded on national or regional
     exchanges or over-the-counter and must be available through the broker which has
     custody of your account. We do not invest in private placements or private
     partnerships.

     Investing in securities always involves a risk of loss, and you our client should be
     prepared to bear that loss. If you cannot stand loss, you should not be investing in
     securities whose price can go up or down.

     We generally maintain long term (one year or more) positions in the securities we
     purchase for our clients. Under certain circumstances, in our discretion, we may sell a
     position held less than one year (a short-term position) or even less than 90 days (a
     trading position).

     We generally do not buy on margin. However, most of the taxable accounts of our
     clients will be margin accounts. If our client withdraws cash before we have funded
     that withdrawal by a sale of securities, our client’s account will be “on margin” and will
     incur margin expense. We ask that you advise us of your planned withdrawals so we
     can work with you to minimize the period that your account is on margin.

     We generally do not “sell short” a security, that is, sell as security your account does
     not own in the hope of buying it back at a lower price. Nor do we invest in options or
     futures. But depending upon our view of the markets, we reserve the right to make
     these transactions.

     In summary, we provide traditional long term investment portfolios for our clients.

     Kindly further note that investment portfolios result in income taxes, whether from
     interest, dividends, taxes on gains upon sale, or taxes upon distributions from tax-
     deferred accounts. We report to you your gain or loss before taxes. The actual gain or
     loss you have will be net of taxes ultimately payable based on your tax situation.

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