Shulman Demeo Asset Management LLC

Item 5           Fees and Compensation

   A. The client can determine to engage Shulman DeMeo to provide discretionary and/or non-
      discretionary investment advisory services on a wrap fee basis.

         Shulman DeMeo Asset Management, LLC Wrap Program Fees

         If a client determines to engage Shulman DeMeo to provide investment management services on
         a wrap fee basis in accordance with Shulman DeMeo’s Program, the services offered under, and
         the corresponding terms and conditions pertaining to, the Program are discussed in the Wrap Fee
         Program Brochure, a copy of which is presented to all prospective Program participants. Under the
         Program, Shulman DeMeo is able to offer participants discretionary and/or non-discretionary
         investment management services, for a single specified annual Program fee, inclusive of trade
         execution, custody, reporting, and investment management fees. The current annual Program fee
         ranges from 0.00% to 2.00%.
         Shulman DeMeo’s annual investment advisory fee shall include investment advisory services, and,
         to the extent specifically requested by the client, financial planning and consulting services. In the
         event that the client requires extraordinary planning and/or consultation services (to be determined
         in the sole discretion of Shulman DeMeo), Shulman DeMeo will determine to charge for such
         additional services, the dollar amount of which shall be set forth in a separate written notice to the
         client.

         PORTFOLIO MONITORING

         For clients who wish to also engage Shulman DeMeo for a portfolio monitoring service, such clients
         can engage Shulman DeMeo to monitor client portfolios or investments held with other
         independent registered investment advisers. The current annual fee for portfolio monitoringservices
         is up to 2.00% of the client’s assets under management.

    FINANCIAL PLANNING AND CONSULTING SERVICES FEES (STAND-ALONE)

    Shulman DeMeo’s planning and consulting fees are negotiable, but generally range from $5,000 to
    $50,000 on a fixed fee basis, and from $300 to $700 on an hourly rate basis, depending upon the
    level and scope of the service(s) required and the professional(s) rendering the service(s).

B. Fee Payment. Clients can elect to have Shulman DeMeo’s advisory fees deducted from their
   custodial account. Both Shulman DeMeo’s Agreement and the custodial/clearing agreement can
   authorize the custodian to debit the account for the amount of Shulman DeMeo’s investment
   advisory fee and to directly remit that management fee to Shulman DeMeo in compliance with
   regulatory procedures. In the limited event that Shulman DeMeo bills the client directly, payment
   is due upon receipt of Shulman DeMeo’s invoice. Shulman DeMeo shall deduct fees and/or bill
   clients quarterly in advance, based upon the market value of the assets on the last business day of
   the previous quarter. For example, if a client’s annual fee is 1.50%, each quarter Shulman DeMeo
   will multiply the value of the accounts on the last business day of the previous quarter by 1.50%,
   then divide by four to calculate our quarterly fee. To the extent there is cash in your account, it will
   be included in the value for the purpose of calculating fees only if the cash is part of an investment
   strategy.

C. Other Fees. As discussed below, unless the client directs otherwise or an individual client’s
   circumstances require, Shulman DeMeo shall generally recommend that Schwab serve as the
   broker-dealer/custodian for client investment management assets. The Program’s wrap fee does not
   include certain charges and administrative fees, including, but not limited to, relative to all mutual
   fund and exchange traded fund purchases, charges imposed at the fund level (e.g. management fees
   and other fund expenses), transaction charges (including mark-ups and mark- downs) resulting
   from trades effected through or with a broker-dealer other than Schwab, transfer taxes, odd lot
   differentials, exchange fees, interest charges, American Depository Receipt agency processing fees,
   and any charges, taxes or other fees mandated by any federal, state or other applicable law or
   otherwise agreed to with regard to client accounts. Such fees and expenses are in addition to the
   Program’s wrap fee.

D. Shulman DeMeo’s annual investment advisory fee shall be prorated and paid quarterly, in advance,
    based upon the market value of the assets on the last business day of the previous quarter. The
    Agreement between Shulman DeMeo and the client will continue in effect until terminated by
    either party by written notice in accordance with the terms of the Agreement.Upon termination,
    Shulman DeMeo shall refund the pro-rated portion of the advanced advisory fee paid based upon
    the number of days remaining in the billing quarter.

E. Other Compensation. There are a number of other fees that can be associated with holding and
   investing in securities. Please see Item 5 C above, but please note that none of such fees are payable
   to Shulman DeMeo.

    Insurance Commission Transactions. Certain professionals of Shulman DeMeo are separately
    licensed as independent insurance agents. As such, these professionals can conduct insurance
    product transactions for Shulman DeMeo clients, in their capacity as licensed insurance agents, and
    will receive customary commissions for these transactions in addition to any compensation receives
    in their capacities as employees of Shulman DeMeo. Commissions from the sale of insurance
    products will not be used to offset or as a credit against advisory fees. These professionals therefore
    have incentive to recommend insurance products based on thecompensation to be received, rather
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Item 7           Types of Clients

         Shulman DeMeo’s clients shall generally include individuals, business entities, trusts, estates, and
         charitable organizations, and pension and profit- sharing plans. Shulman DeMeo generally requires
         a minimum asset level of $2,000,000 per household or corporate entity for investment advisory
         services. Shulman DeMeo, in its sole discretion, is able to reduce its investment managementfee
         and/or reduce or waive its minimum asset requirement based upon certain criteria (i.e.anticipated
         future earning capacity, anticipated future additional assets, dollar amount of assets to be managed,
         related accounts, account composition, negotiations with client, etc.) .