Annex Advisory Services LLC

Item 5 – Fees and Compensation

           Description

Fees for Annex’s services are subject to negotiation based on the scope and complexity of the services provided to the Client
but will not exceed a maximum fee of 1.25% of assets under management per year. The specific nature and basis for the
calculation of fees is established in each Client’s written agreement with Annex. Annex charges fees in different ways depending
on the way the Client elects to engage the Firm, and the services the Client elects. Fees for all service modes; Annex Ignite,
Comprehensive Wealth Management Services and Annex Private Client are generally calculated as a percentage of assets under
management based on the market value of the assets in the Account, including cash, on the close of the last business day of each
calendar quarter and are collected in advance.

The standard fee schedule is as follows:

           Annual Fee Calculation

           1.25% on the first $500,000 of managed assets, then

           1.00% on managed assets of $500,001 - $2,000,000, then

    The Form ADV Glossary of Terms explains that a "high-net-worth individual" is an individual with at least $750,000 managed by the reporting
investment adviser (Annex), or whose net worth Annex reasonably believes exceeds $1,500,000.

V. 04142026nka                                                                                                   Page 10 of 27

         0.75% on managed assets of $2,000,001 - $5,000,000, then

         0.50% on managed assets of $5,000,001 - $10,000,000, then

         0.40% on managed assets of $10,000,001 - $25,000,000, then

         0.30% on managed assets of $25,000,001 - $100,000,000, then

         Over $100,000,001 is negotiable.

For example, a Client with a $3,000,000 in assets under management would have an effective rate of 0.96% annually:

Fees for the initial quarter for which services are provided are prorated based upon the number of days remaining in the
quarter. Any fee rate changes, higher or lower, become effective at the commencement of the next fee billing cycle.

Many Clients have and will continue to be billed under the legacy fee agreement that predates this fee schedule. Annex has grown
and continues to expect to grow, by organic growth and acquisitions of other advisory firms throughout the United States.

The fees for Consulting Services are contracted on an asset-based, project, or flat-fee basis. Flat fees for basic projects can start
as low as $1,000 but can be significantly higher depending upon the scope and duration of the services provided. A written
estimate of the negotiated fees for services will be provided to the Client in their Consulting Agreement prior to the initiation of
any services. Annex may require an advance deposit equal up to 100% of the estimated fee. Annex will not collect any fee in
excess of $1,200 for Services to be performed six (6) months or more in the future. Any unearned portion of any previously paid
fees for Consulting Services will be refunded to the Client if services are terminated by the Client prior to the completion of the
contracted project.

While Annex generally utilizes investment companies (mutual funds), exchange-traded funds, cash equivalents, and individual
securities (which may include stocks and bonds) in its Client accounts, it does not limit the types of investments it might consider
managing for a Client and may include options. Annex believes that all asset classes – equities, fixed income, options, alternatives,
and cash – are valuable tools in implementing its investment strategies. As such, Fees for services are based on each account’s
total value including cash and cash equivalents.

For Alternative Investments, the fees are calculated using values provided by the adviser of the Alternative investment. Annex
conducts diligence to understand the Alternative investment sponsor’s valuation approach. Provided the Alternative investment
sponsor utilizes a reasonable valuation approach and methodology, Annex will not independently verify the valuation.

Pension consulting fees are charged as a percentage of plan assets or a flat fee and are negotiated regardless of plan size. Pension
consulting fees are paid by plan participants, administrator, or sponsor.

Annex retains the discretion and right to offset or waive its right to collect any fee due to Annex, in whole or in part, by virtue of its
Client contracts. Annex’s waiver of any fee for any particular Client shall have no bearing whatsoever on the fees due from any
other Clients or Client account.

Part of the advisory fee each Client pays is used by Annex to offset the costs of providing portfolio accounting, modeling and
rebalancing services, technology platforms, compliance, back office operational support, billing, and reporting services, commonly
referred to as a “platform fee”.

In addition to Annex’s fee, Third Party Managers charge their own fees as set forth in each Client’s investment advisory agreement,
as amended from time to time. Please see the Third Party ADV Part 2A and advisory agreement to review the sub-advisor’s fees,
calculations and methodology.

Advisory fees for services provided by Annex may be more or less than those for comparable services offered elsewhere. Clients

V. 04142026nka                                                                                              Page 11 of 27

have the option to purchase investment products that Annex recommends through other brokers or agents that are not
affiliated with Annex.

         Fee Debiting

Annex will generally bill its fees on a quarterly basis. The vast majority of Annex Clients elect to have their fees deducted directly
from their investment account(s). Rarely, some Clients will opt to have an invoice sent to them and write a check for services to
Annex. Still other Clients will elect to have fees deducted directly from a personal checking or savings account via ACH/wire
...

Item 7 – Types of Clients

Annex generally provides investment advice and financial planning services to individuals, including high-net-worth individuals,
pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and other business entities. In providing
these services, advisors rely on the Client to furnish Annex with current and accurate information regarding their investment
portfolio and financial situation, investment objectives, risk tolerance level, investment time frame, liquidity needs, and tax status,
as well as the related documents which Annex requests. Upon completion of its review and analysis, Annex will suggest an
investment strategy for the Client. Each recommendation and investment decision will be made in reliance on the information
provided by the Client to Annex.

Annex will contact each Client household at least annually to see if there have been any changes in financial condition, investment
objectives, risk tolerance level, investment time frame, liquidity needs, tax status, or similar meaningful information. Each Client
may impose reasonable restrictions on the management of their Account or modify existing restrictions at any time.

V. 04142026nka                                                                                                Page 13 of 27