Bright Angel Advisors LLC

Item 5: Fees and Compensation

A. Fee Schedule

Portfolio Management Fees

        Total Assets Under Management           Annual Fees
        All Assets                              0.50% - 1.00%

The advisory fee is calculated using the value of the assets in the Account on the last
business day of the prior calendar year.

These fees are generally negotiable and the final fee schedule will be memorialized in the
client’s advisory agreement. Clients may terminate the agreement without penalty for a
full refund of Bright Angel Advisor's fees within five business days of signing the
Investment Advisory Contract. Thereafter, clients may terminate the Investment
Advisory Contract immediately upon written notice.

       B. Payment of Fees

       Payment of Portfolio Management Fees

       Asset-based portfolio management fees are withdrawn directly from the client's accounts
       with client's written authorization on a quarterly basis. Fees are paid in advance.

       C. Client Responsibility For Third Party Fees

       Clients are responsible for the payment of all third party fees (i.e. custodian fees,
       brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
       distinct from the fees and expenses charged by Bright Angel Advisor. Please see Item 12
       of this brochure regarding broker-dealer/custodian.

       D. Prepayment of Fees

       Bright Angel Advisor collects fees in advance. Refunds for fees paid in advance but not
       yet earned will be refunded on a prorated basis and returned within fourteen days to the
       client via check, or return deposit back into the client’s account.

       For all asset-based fees paid in advance, the fee refunded will be equal to the balance of
       the fees collected in advance minus the daily rate* times the number of days elapsed in
       the billing period up to and including the day of termination. (*The daily rate is calculated
       by dividing the annual asset-based fee rate by 365.)

       E. Outside Compensation For the Sale of Securities to Clients

       Neither Bright Angel Advisor nor its supervised persons accept any compensation for the
       sale of investment products, including asset-based sales charges or service fees from the
       sale of mutual funds.

Item 7: Types of Clients

Bright Angel Advisor generally provides advisory services to the following types of clients:

       ❖      Individuals

       ❖      High-Net-Worth Individuals
       ❖      Charitable Organizations

There is no account minimum for any of Bright Angel Advisor’s services.