Trunorth Financial Services Inc

ITEM 5 - FEES AND COMPENSATION

Investment Management Fees
tFS charges an annual investment management fee based on a percentage of the market value of
the assets being managed by the firm. The annual fee is prorated and charged quarterly, in advance,
based upon the market value of the assets on the last day of the previous quarter, provided however,
that (a) with respect to the initial fee or upon receiving new assets, the Advisory Fee shall be based
upon the value of the account as of the day the Account’s assets are placed under the IAR’s
supervision, pro-rated for the balance of the calendar quarter.

Clients may pay a one-time initial set up fee that ranges from $250 to $500 dollars depending on
the complexity of the account(s) that need to be transferred or established. This fee is based on the
actual cost of time to do the custodian paperwork and the complexity of the transfer and paperwork
involved. This fee is charged separately and is not covered by the assets under management fee.
The fee may be waived at the discretion of the Owner & CEO. Thereafter, Clients will pay tFS an
advisory fee based on the following annual rates:

               Account Value                                  Maximum Annual Fee
               $0 to $999,999                                      1.00%
               Next $1,000,000 to $2,000,000                       0.80%
               Next $2,000,000 to $4,000,000                       0.60%
               Next $4,000,000 to $7,000,000                       0.50%
               Next $7,000,000 to $20,000,000                      0.45%
               Next $20,000,000 & Above                            0.35%

   *Note: This is a tiered fee schedule. Once a threshold is reached the fee will be discounted
   as listed on all amounts over the previous range listed above. The fee may be negotiated
   or discounted with approval by the Owner and CEO. This tiered fee schedule applies to
   new clients who open their relationship with tFS. Fee Schedules attached to existing
   investment management agreements remain unchanged.

Upon signing the Investment Advisory Agreement, Clients may choose to be billed directly for
their management fees with payment due within 30 days of receipt of the billing invoice or have
management fees directly deducted from their accounts by the custodian of their account(s).
Clients designate their option on their signed Investment Advisory Agreement.

If the Client chooses to have the management fee directly debited from their account, the firm will
send a quarterly invoice to the Client and stating the Advisory fees due for each quarter and the
manner in which such fee was calculated. At account opening, the Client authorizes the custodian
to deduct the Advisory Fee from the account and remit the same to the firm, and the custodian
shall not be required to verify the IAR’s calculation of the Advisory Fee. To satisfy the payment
of the Advisory Fee, funds will be deducted directly from the Account, and if necessary, from
liquidating holdings in the Account. It should be noted that some mutual funds and securities that
are purchased and sold for the Account may have transaction fees, commissions, tax implications
and/or redemption fees that will be charged to the Client. These transaction fees, etc. are not shared
with tFS or its IARs and are paid directly to the custodian.

All asset management (investment advisory) fees paid to tFS are separate and distinct from other
fees the Client pays, including financial planning and consulting fees, transaction fees, short term
trading fees, underlying mutual fund fees and expenses paid to the fund by shareholders of the
fund as outlined in each fund's prospectus, and custodial fees. In addition, Clients may pay
brokerage and transaction fees, commissions, transfer taxes, exchange fees, and any other charges
that may be imposed with regard to the client’s brokerage account. tFS does not benefit and does
not receive any of these fees, nor do their IARs.

Financial Planning and Consulting Service Fees:
tFS’ financial planning and consulting fees range from $100 to $5,000 on a fixed fee basis, or a
maximum rate of $250 per hour, depending upon the complexity of the plan and level of the
services required by the planner, staff, IAR, and other professionals rendering the service.

If clients engage the firm for financial planning or consulting services, fifty percent (50%) of any
fixed fee may be payable upon signing the Financial Planning and Consulting Service Agreement,
with the balance payable upon presentation and delivery of the plan. Updates requested to the
financial plan after the initial presentation of the plan will be charged at the same maximum rate
of $250 per hour and will be billed once the plan update is complete and the updated plan is
presented. This fee for service will be disclosed prior to beginning the plan update. Prepayment of
fees will not exceed $1,200 unless the services are rendered within six (6) months of execution of
the Financial Planning and Consulting Service Agreement. The Owner/CEO may negotiate and
approve changes to this.

If Clients engage tFS for consulting services, Clients will receive a Financial Planning and
Consulting estimate prior to signing the Financial Planning and Consulting Service Agreement.
Clients are billed in fifteen (15) minute increments and will receive a billing invoice at the end of
the consultation, or at various points before, during and/or after.

All financial planning and consulting service fees paid to tFS are separate and distinct from other
fees that the Client pays, including investment advisory fees, transaction fees, short term trading
fees, underlying mutual fund fees and expenses paid to the fund by shareholders of the fund as
outlined in each fund’s prospectus, and custodial fees. In addition, Clients will pay brokerage and
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ITEM 7 - TYPES OF CLIENTS
tFS generally provides investment advisory services including financial planning and consulting
services to individuals, retirees, institutions, high net-worth individuals, trusts, estates,
foundations/endowments, or charitable organizations, and corporations or business entities other
than those previously listed.