Blakeslee & Blakeslee Financial Advisers, Inc. (hereinafter “BBFA”) offers the following services to advisory clients: A. DESCRIPTION OF SERVICES BBFA participates in and sponsors wrap fee programs, this means BBFA will cover third party fees (i.e., custodian fees, brokerage fees, transaction fees, etc.) for accounts managed under a wrap fee program. BBFA will charge clients one fee, and pay all transaction fees using a fee collected from the client. Accounts participating in the wrap fee program are not charged higher advisory fees based on trading activity. BBFA is charged by the custodians an asset based or transaction based fee for providing trading services. Certain other fees are not included in the wrap fee and are paid for separately by the client. These include, but are not limited to, margin costs, charges imposed directly by a mutual fund or exchange traded fund, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions. The fee schedule is set forth below: As an example of how the tiered fees operate, if a Client has $900,000 of assets under management by BBFA the annual fee will be 0.90% per annum. If the Client increases the amount to $1,000,000, the fee on the entire amount under management drops to 0.70% per annum, including the amount under $1,000,000. The fees shown in the table above are for providing wrap services to the Client. In this context, the term wrap refers to a charge that includes custodial and trading charges incurred through the custodian, Charles Schwab Advisor Services, along with BBFA’s adviser and other administrative fees. Fees shown above may be reduced by 0.05% for non-wrap accounts if the Client prefers to pay all custodial and trading charges directly to Charles Schwab Advisor Services. Clients should be aware that in some cases custodial and trading charges incurred through Charles Schwab Advisor Services for actively managed accounts with quarterly rebalancing may exceed the 0.05%; however, in other cases the costs

may be lower. The breakpoint is a complex function of the total size of the Client’s assets under management and the total amount of annual trading. The wrap fee approach has the benefit of lowering price sensitivity to the trading costs associated with portfolio rebalancing, which may provide superior portfolio management benefits to the Client. Non-wrap custodial and trading fees are described by the final fee schedule which is attached as Exhibit II of the Investment Advisory Contract. BBFA in its sole discretion may charge a lesser fee for Integrated Portfolio Management and Financial Planning Services based upon certain criteria (i.e. anticipated future asset management activities, Assets Under Management Annual Advisory Fee (Wrapped) Under $1,000,000 0.90% Over $1,000,000 0.70% Over $2,000,000 Negotiable related accounts, account composition, current client relationships, etc.). B. CONTRIBUTION COST FACTORS The program may cost the client more or less than purchasing such services separately. There are several factors that bear upon the relative cost of the program, including the trading activity in the client’s account, the adviser’s ability to aggregate trades, and the cost of the services if provided separately (which in turn depends on the prices and specific services offered by different providers). C. ADDITIONAL FEES Clients who participate in the wrap fee program will not have to pay for transaction or trading fees. However, clients are still responsible for all other account fees, such as annual IRA fees to the custodian, transition fees if the account is moved to another broker, or mutual fund fees. D. COMPENSATION OF CLIENT PARTICIPATION Neither BBFA, nor any representatives of BBFA receive any additional compensation beyond advisory fees for the participation of client’s in the wrap fee program. However, compensation received may be more than what would have been received if client paid separately for investment advice, brokerage, and other services. Therefore, BBFA may have a financial incentive to recommend the wrap fee program to clients.