Memorandum of Understanding Between WESBAN and Clients

We understand that WESBAN Financial Consultants is a fee only registered investment adviser, which offers investment advice on a "non-discretionary" basis. WESBAN has no control, possession or custody of any of our assets. The limited power of attorney used between WESBAN and our account is for the sole purpose of serving our interests in those accounts and gives WESBAN no direct or indirect access to our funds.

We understand that the "agreement" between WESBAN and us is a completely open ended one. The length of WESBAN's services to us is entirely at our discretion. There is no conflict of interest on WESBAN's part in making investment recommendations to us. WESBAN does not serve as a registered representative of any broker/dealer, underwriter or sponsor of any products or services. WESBAN has no selling agreements with any providers, which would create the conflict of interest between their income and our best interests.

We understand that there is no arbitration or hold harmless clause in the WESBAN Client Service Agreement as a result of this "unbiased" position. We have the opportunity at any time to withdraw from WESBAN's services without transaction costs or penalties. We understand that it is against the law to expect reimbursement from WESBAN for any investment losses resulting from market changes.

We understand that any sales charges, whether deferred or otherwise which may be incurred in moving from prior advisers or salesmen to WESBAN are the result of that earlier relationship and not chargeable to WESBAN. We understand that deferred contingent sales charges and other withdrawal costs are often associated with commission sales and may be incurred in any exchange to no-load products.

We understand that WESBAN's charges are based upon an hourly fee for service or a retainer based upon the amount of investments under their direct supervision. While WESBAN fees are billed throughout the calendar year, we understand that these fees are charged as earned and are due and payable up to the date of our electing to terminate WESBAN's services.

We understand that WESBAN Financial Consultants, P.C. is a professional corporation, whose president is Donna H. Minshew. The Agreement between WESBAN and us involves a direct relationship with Donna H. Minshew supported by qualified staff in monitoring and implementing our program.

We understand that WESBAN does not vote proxies on behalf of investors. We can seek WESBAN’s advice regarding our response to proxy materials.

We understand the fees which WESBAN charges my account directly are in addition to the fees stated by investment companies (mutual funds) in which my assets may be invested. I have reviewed the materials presented by WESBAN and the recommended mutual funds concerning the fees charged.

We understand that seeking advice on investments involves risks. WESBAN has discussed the risks and rewards of our proposed investment advice and we agree as to the suitability of them in our case. We have reviewed a prospectus on each investment product recommended by WESBAN.

We understand that investment risk is modified by long-term participation as opposed to "market timing" and have agreed with WESBAN to the long-term approach to our objectives.

VERIFICATION STATEMENT

This is to verify that we have been offered and have reviewed as a part of the evaluation conference the written disclosure statements required to be furnished each advisory client by the Investment Advisors Act of 1940.

We understand that this document, together with any amendments or changes is to be reviewed on the anniversary of any advisory client agreement.

WITNESS

WESBAN and the client do execute this agreement this ______ day of ________________, 20___.

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Mr. and Mrs. John Doe

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WESBAN Financial Consultants, P.C.