Performance

Kinkopf Capital Management, LLC.

MATERIAL DIFFERENCES IN K&D FINANCIAL CORP PERFORMANCE:

 

1. The current program offered by Kinkopf Capital Management, LLC has a monthly Incentive Fee of 20% on “New High Profits” and a monthly Management Fee of 0.1667% (2% annually)

2. K&D Financial Corp Fees in the time table above were as follows;

          Management Fee’s were 6 % per annum (1.5% per quarter)

          Incentive Fee’s were 15% on “New High Profits”

3. While K&D Financial Corp trading methodology was similar, a difference existed in the discretion of trade placement procedures.

Proprietary Account

Prior Account

Managed Account