Yon Drake & Associates Inc

Item 5 - Fees and Compensation

    Yon-Drake charges its clients an annual retainer fee based on the total value of assets under
    advisement, billed monthly. Our fees include all services enumerated in Item 4 above and include
    ordinary travel and expenses. Our fees schedule is 0.25% (25 basis points) of assets. All fees and
    expenses are negotiable based on the complexity, size of assets and unique circumstances of each
    client assignment.

    Fees are assessed in arrears and payable within 30 days. Invoices outstanding over 30 days are
    subject to a 1% per month service charge on the amount outstanding. All fees will be paid in hard
    dollars.

    Our service agreements allow clients to leave at will on the anniversary date upon 60 days
    advanced notice. The number of days of notice are negotiable based on the complexity, size of
    assets and unique circumstances of each client assignment. Since our standard policy mandates
    billing in arrears, we minimize the circumstance of refunding client fees. However, should fees
    be owed to a client at the termination date, we will issue a pro-rata refund in the amount of the
    over-collection of fees.

    Yon-Drake does not have discretion over assets. We do not sell securities or other products nor
    provide custody to our clients. To avoid conflicts of interest, we do not accept manager fees,
    12b1 fees, wrap fees or other forms of revenue sharing. As a fee-only firm, neither Yon-Drake
    nor its employees receive any additional form of compensation, other than the fees paid directly
    by the client, as outlined herein. Some clients may be grandfathered under prior fee schedules in
    existence at the time of creation of the relationship.

Item 7 - Types of Clients

    We offer a wide range of investment consulting services on an ongoing basis to institutional
    investors such as healthcare institutions, corporations, foundations, endowments, pension and
    defined contribution funds (profit-sharing, 403(b), 401k, etc.) and self-insurance funds.