TULL Financial Group Inc

ITEM 5: FEES AND COMPENSATION
     Description
     TFG bases its fees on a percentage of AUM, hourly charges, and fixed fees. All fees are negotiable at the sole
     discretion of TFG.

            Financial Planning
            Initial financial planning fees are determined according to estimated hours and level of complexity
            based on individual situations and requested areas of review. Fees are determined at the outset, with
            half payable upon the signing of the Financial Plan Fee Agreement, and the other half payable upon
            completion and presentation of the Plan. The minimum fee charged for a Financial Plan is $2,000,
            which includes an Investment Proposal with the Plan.

            Existing clients who have engaged TFG for Investment Supervisory Services will occasionally request
            a Financial Plan. If a Financial Plan is requested, at the discretion of TFG, financial planning services
            may be included with the costs of the other services and clients may not be charged any additional
            fees. However, in certain circumstances, there may be an additional charge on a one-time basis for
            financial planning based on the complexity of the situation and requested areas for review. In the event
            a one-time charge is assessed, the maximum amount is $1,000 or an hourly rate with estimated hours,
            whichever is less.

            Investment Proposal or Retirement Projection (Without a Financial Plan)
            At times clients may request only an Investment Proposal or Retirement Projection for their portfolio.
            The minimum cost for the Investment Proposal service is $750. The minimum cost for Retirement
            Projection service is $1,500. As with Financial Plans, an Investment Proposal or Retirement Projection
            is half payable upon the signing of the Fee Agreement, and the other half payable upon presentation
            of the Proposal/Projection.

            Investment Supervisory Services
            Clients who seek Investment Supervisory Services at TFG sign the MAP Agreement that outlines the
            parameters of the investment program, including the specific duties of TFG and those of the client as
            well as the accounts to be managed by TFG.

            Management fees are bracketed and determined according to these annual percentages:

                                                 Fee Brackets                                         Annual Fee
                  -0-         through      $1,000,000        First $1 million in assets                 1.00%
              $1,000,001      through      $2,000,000        Next $1 million                            0.75%
              $2,000,001      through      $3,000,000        Next $1 million                            0.50%
              $3,000,001      through      $20,000,000       Value exceeding $3 million                 0.25%

            This fee bracket system applies to managed portfolios by client household, whether consisting of one
            account, several accounts, personal investment accounts, retirement accounts / qualified retirement
            plans, custodial accounts for the benefit of minors, accounts held away from TFG’s recommended
            custodians, or any combination of these. In some circumstances, related family assets are aggregated
            for calculating fee breakpoints. This allows each client to reach the same tier breakpoint, thus lowering
            the fee amount for each household.

            Management fee is assessed and applied to client portfolios on a quarterly basis. The client’s fee is
            paid in advance based on the market value of the client portfolio as of the last business day of the
            calendar quarter. The fee schedule, described in annual terms above, is adjusted to one-fourth in order
            to cover services provided for the subsequent quarter only. (For example, a portfolio valued at
            $700,000 on March 31st will be assessed a management fee of $1,750, which is one-fourth of 1.00%.
            That fee will cover services provided from April 1st through June 30th.) If assets in excess of $25,000
            are deposited into or withdrawn from an account after the inception of a billing period, the fee payable

       with respect to such assets is adjusted to reflect the interim change in portfolio value. To the extent
       there is cash in a client’s account, it will be included in the value for the purpose of calculating fees
       but may be waived at TFG’s sole discretion. Fee calculations are fully disclosed to the client in a bill
       which is included with every quarter-end report.

       Depending upon the extent of service involved, a one-time service fee may be charged to establish the
       account(s), based upon hourly rates. Management services are considered in-force and billable upon
       signing the MAP Agreement; however, TFG may choose to begin billing once assets have been
       successfully transferred to TFG’s investment supervision.

       All clients, but especially those with smaller accounts, should be advised they may receive similar
       services from other professionals for higher or lower overall costs.

       Small Business Retirement Plan Support
       An initial setup fee is assessed for establishing Small Business Retirement Plan support and is priced
       according to the size of the plan and estimated administrative setup time. From here, TFG directly bills
       a quarterly flat fee of $375 to the business for which Small Business Retirement Plan services are
       rendered. Fees are made payable by check to TFG.

       Larger Business Retirement Plan Support
       Retirement Plans involving a professionally drafted Plan Document and Third-Party Administrator are
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Types of Clients
     TFG generally provides investment advice to individuals, families, trusts and estates. Advice may extend to
     entities related to the client, such as small businesses and charitable organizations, including foundations
     and endowments. Client relationships vary in scope and length of service.

     While TFG does not impose minimum dollar values of assets for individual accounts, TFG does set the
     aggregate portfolio for a MAP client’s household of managed assets at a minimum of $750,000, which may
     be waived at TFG’s discretion.