Values Based Investor

Commission Schedule

Important Update: Starting April 23, 2007, there will be a $50.00 deposit/processing fee for all bulletin board and pink sheet stocks.

Stocks (Unlimited Shares)
Market Orders	$8.95
Limit Orders	$8.95
Less Than $2 Per Share	$29.00
Foreign Stocks (No broker assist charge.)	$39.00
Options:
Equity or Index, Market or Limit	$1.50 Per Contract
Minimum	$14.95
Option rates apply to each side of a spread order.
Broker Assisted Trades	Additional $10.00
Additional fees may apply to orders greater than 2,000 shares directed to the NYSE or AMEX.
Extended Hours Trading:
Up to 5,000 shares	$25.00
Over 5,000	.003 Per Share
No broker-assist charge.
Listed Bonds:
First 25 Bonds	$5.00 Per Bond
Each Additional Bond	$3.00 Per Bond
Minimum	$39.00
Mutual Funds:
No-load Mutual Funds	$15.00
Periodic Invest - Withdraw	$5.00

Miscellaneous Fees
Bond Redemption	No Fee
Cancel & Rebill	$5.00
Cash Account Late Payment
Same as margin debit charges, plus:	$10.00
Conversion of Bonds/Preferreds	$13.95
Copy of Past Confirmation	$5.00
Copy of Past Statement	$5.00
Deposit/Processing Fee for Bulletin & Pink Sheet Stocks	$75.00
DRIP	No Fee
Estate Valuation	$45.00
Exercise Right/Warrants	$13.95
Foreign Securities Delivery	$15-200.00
Foreign Securities Transfer	$15-200.00
Full Transfer Out	$50.00
Partial Transfer Out (per security)	$25.00
IRA Maintenance	No Fee
IRA Setup	No Fee
IRA Termination	$50.00
Legal Transfer Out (per security) after 28 days	$25.00
Option Exercise/Assignment	$14.95
Overnight Check Fee	$20.00
Mandatory Reorganization	No Fee
Reorganization - Less than 48 Hours	$50.00 per security
Returned Check	$25.00
Split Units	$14.00
Stock Certificates (ea.)	$100.00
Tenders
Voluntary Per Position	$25.00
Voluntary Per Position - Less than 48 Hours	$50.00
Mandatory	No Fee
Wire Transfer	$20.00
International Wire Transfer	$50.00
Fees & Commissions effective as of February 29, 2008. All fees subject to change without notice.

Options involve risk and are not suitable for all investors. Certain requirements must be met to trade options through Values Based Investor. On-line trading has inherent risks due to delay or loss of online services, system performance, market conditions, erroneous or unavailable market data. Investors should understand these and additional risks before trading. Before considering any option transaction, please read Characteristics and Risks of Standardized Options provided by the Options Clearing Corporation (OCC), available in Adobe Acrobat PDF format. A current copy may also be obtained by calling Values Based Investor at 1-800-92-REGAL or by mailing your request to Values Based Investor, P.O. Box 9503, Fort Myers, FL 33906-9503. Because of the importance of tax considerations, Values Based Investor recommends consulting your tax advisor before contemplating any options transaction.