Autopilot Advisers LLC

Item 5. Fees and Compensation

    Non-TPAM clients
    Autopilot charges an Advisory Fee to clients that includes a fixed fee component
    (a technology and licensing fee, hereinafter “the T&L Fee”)2 as well as a
    percentage of assets under management (the “AUM Fee”).

    The specific Advisory Fee charged by the Firm for its advisory services will be
    outlined in each client’s Investment Advisory Agreement. As noted above, clients
    who utilize only the Basic Tier product will not be charged an Advisory Fee or a
    T&L Fee.

    Clients can choose to pay Autopilot’s T&L Fee on a quarterly or a yearly basis
    (each a “Fee Cycle”). The T&L Fee is assessed per Pilot: if a client selects
    Premium Tier for one Portfolio inspired by a given Pilot, that client will have the
    ability to select Premium Tier for any other Portfolios inspired by that same Pilot

 The T&L Fee also covers client access to additional programming provided by Autopilot, including, for
example, live and virtual events that we host.

without incurring an additional T&L Fee. The T&L Fee can range from $29.99 to
$199.99 per quarter per Pilot if paid on a quarterly basis, or from $99.99 to
$699.99 per year per Pilot if paid on an annual basis. This fee is charged to a
client’s credit card in advance.3

Autopilot’s AUM Fee is currently set at 0.00%. However, in the future we intend to
charge an AUM Fee for clients utilizing the Premium Tier service. For those clients,
we expect the AUM Fee to range from 25 basis points to 100 basis points (0.25%
to 1%) of assets under management in the Premium Tier product. The AUM Fee
is calculated by Portfolio: if a client utilizes both our Basic Tier and Premium Tier
products, we will only charge an AUM Fee on the client’s assets in the Premium
Tier product.

We will not implement an AUM Fee until after current clients are notified. The AUM
Fee will be accrued daily and charged annually in arrears on the day following the
anniversary of the client’s account opening with Autopilot. For the purposes of
computing the AUM Fee, assets under management will be computed by analyzing
the average daily balance of the client’s holdings in the Premium Tier product over
the preceding 365-day period.

Clients may choose to maintain a margin account with their selected broker-
dealer. A margin account allows an investor to borrow funds to purchase securities,
using the securities in the account as collateral. The use of borrowed funds
introduces leverage into the client’s account, which magnifies both gains and
losses and may increase the risk of significant loss. The client’s chosen broker-
dealer, and not Autopilot, determines the terms applicable to the use of margin and
charges interest and other fees in connection with margin borrowing.

If a client maintains a margin account and invests through Autopilot’s Premium Tier
service, the advisory fee will be calculated based on the entire market value of the
assets in the account, including assets purchased with borrowed funds. As a result,
use of margin will increase the value of assets upon which Autopilot’s advisory fee
is calculated. This creates a conflict of interest because Autopilot will receive a
higher advisory fee when a client uses margin. Clients should consider this conflict
when deciding whether to use margin in connection with Autopilot’s services.
Autopilot does not require or encourage the use of margin, and clients are under
no obligation to employ margin in order to utilize Autopilot’s advisory services.

  Autopilot will not collect more than $1200 in fees for services to be rendered six months or more
in the future. If a client attempts to subscribe to a number of Autopilot products sufficient to require
the collection of more than $1200 in fees for services to be rendered six months or more in the
future, Autopilot’s automated systems will not allow the client to complete the transaction. Instead,
Autopilot will handle the collection of fees for that client on a case-by-case basis and will document
the fee structure as an amendment to the client’s Investment Advisory Agreement.

We expect to charge some clients a lower AUM Fee depending on their
participation in a referral program or other incentives.

Each time a client uses our advisory services, they reaffirm their agreement that
we may charge their account for the specified period. In the event that we cannot
charge Advisory Fees to the client’s account, we reserve the right to terminate their
access to our advisory services.

After signing up, a client may terminate the agreement through the app at any time.
At the time of termination, any accrued AUM Fees that have not been yet charged
will be charged prior to account termination and withdrawal. If a client utilizing
Premium Tier notifies us of the client’s intent to terminate the use of Premium Tier
services in the middle of a Fee Cycle, we will terminate the client’s use of Premium
Tier services at the end of that Fee Cycle. Clients may request immediate
termination of the Premium Tier service and a pro-rata refund of all fees paid but
not yet accrued (i.e., any pre-paid but un-accrued T&L Fees) by emailing us at
support@joinautopilot.com.

TPAM clients

TPAM clients are charged fees as agreed between the TPAM client and the primary
registered investment adviser for the TPAM client. Autopilot is compensated by
sharing in a portion of the fee received by the primary registered investment adviser.
The fee arrangement between Autopilot and the TPAM client’s primary registered
investment adviser is disclosed to the TPAM client by the primary registered
investment adviser.

Item 7. Account Requirements and Types of Clients

Autopilot's advisory services are available to individual retail investors. To
establish an account with Autopilot, a Client must have an individual or IRA
brokerage account with one of our supported brokerages. A minimum investment
of $500 per Portfolio is required to participate in advisory services offered by
Autopilot.