Cannon Tingey Investment Advisors Inc

Fees and Compensation

Tingey Advisors is a fee-based investment advisor. Services are rendered for a fee calculated as a percentage of assets under management, billed quarterly. At
present, TA does not charge a minimum fee. The general fee schedule, as quoted on an annual basis, is shown below:

                                                                    Portfolio Management Fees
                                                                  1.10% on the first $1,000,000.00
                                                                  0.95% on the next $2,000,000.00
                                                                  0.85% on the next $2,000,000.00
                                                                  0.75% on the next $5,000,000.00
                                                                  0.50% on assets > $10,000,000.00

Fees for assets under management are assessed at the beginning of each quarter by applying the quarterly fee percentage (1/4 of the annual fee percentage) to
the account's fair market value as determined by the custodian, as of the last day of the previous quarter. Such fees are generally deducted directly from client
accounts if the client has so stipulated in writing; otherwise, an invoice would be sent to the client requesting payment. Investment management services may
be terminated by either party with a 2-day written notice. Management fees may be charged mid-quarter when a material amount of new assets are received in
an active account, subject to an executed management agreement. Conversely, fees may not be refunded for money taken out of an active account mid quarter.
                                                                                                            Version Date: 31 December 2025                            2

If investment management services are terminated, fees assessed at the beginning of the quarter may be refunded on a prorated basis. Fees for investment
management services may, under certain circumstances, be negotiable, and the actual fee of each client is disclosed to the client in writing.

TA does not charge fees based on performance. Management fees are negotiable. Client requests to negotiate fees can be made in writing or by verbal
communication. Such a request reviewed by the management committee (which may also be the investment committee), may be accepted or denied by the
committee, or company principal based on, but not limited to, the nature of the assets to be managed and the potential for additional assets to be managed. A
decision to use a negotiated fee (rather than the standard fee) will be affirmed in writing.

Fees for Other General Consulting
The fee schedule for services listed above under Other General Consulting is a non-negotiable $295.00 per hour. For such services, the project is defined and
agreed to up front, and the client is billed by written invoice at the conclusion of the work performed or during the project. Payment is generally made by
check; however, payment can also be made by direct deduction from the client’s account upon request and authorization by the client.

                                                    Performance Based Fees and Side-by-Side Management

TA does not charge fees based on performance. Therefore, none of its clients’ accounts will be managed side-by-side with any performance-based clients.

Types of Clients

Tingey Advisors may provide investment advice to the following types of entities: Individuals among others, Trusts & Estates, Foundations, Charitable
Organizations, Corporations, Partnerships, Unions, Pension and Profit-Sharing Plans, 401(k) and other qualified retirement plans.

                                                        Methods of Analysis and Investment Strategies

Tingey Advisors provides investment management services for organizations and individuals. The investment management services are predicated on the
following philosophies and investment disciplines for the equity and fixed income capital markets. TA may offer advice regarding the following types of
securities: equity securities; warrants; corporate debt securities; commercial paper; municipal securities; investment company securities including mutual fund
shares; United States government securities; mortgages; structured products; exchange traded funds; real estate investments trusts; commodities; derivative and
other option and futures contracts.

                                                          Equity Investment Philosophy and Discipline

Tingey Advisors employs a fundamental approach to investing. Fundamental analysis seeks to determine the intrinsic value of a security based upon analysis
of business factors such as, but not limited to revenues, earnings, cash flows, strength of balance sheets, dividends, price, management focus and competitive
positions in the marketplace. In addition to the use of fundamental analysis, TA may employ technical analysis, which seeks to determine the future direction
of security prices through the study of past market data such as price and trading volume. TA may also use charting (the graphing of the interaction between a
company’s price, earnings, dividends and performance relative to the general market) or cyclical analysis (the study of the nature of individual securities and
the general market’s sensitivities to cyclical movements such as the fluctuation of the local or global economies) to augment its fundamental approach in
making investment decisions. From time-to-time TA may use derivative products on a limited basis in client portfolios as part of a hedging strategy. Despite
the fundamental, technical or any other type of analysis performed by TA, any investment in securities carries risk and uncertainty and investors may lose all or
a portion of their principal investment.

TA maintains an investment philosophy and practices a discipline that is centered on long-term growth opportunities that we believe are undervalued. We
recognize that on a short-term basis the stock market is often influenced by fads and emotion. However, over a longer period, consistent, quality earnings
growth and a company's ability to increase its underlying value are the critical ingredients to increasing a company’s value. Our investment philosophy and
discipline incorporate time as an ally providing the necessary financial foundation to support successful investment portfolios.

The equity (stock) portion of the asset allocation may be invested in individual equity securities that can be easily converted to cash and exhibit a strong
potential for growth of principal and income. Companies which do not currently pay a dividend may be considered for investment. Cash will be invested in
highly liquid money market funds, high quality commercial paper and US Treasury Bills or repurchase agreements.

TA buys companies that are “value priced” based on their prospects, and we attempt to minimize transaction costs in the way we execute trades. We
incorporate principles of diversification to mitigate risk, and may or may not use margin, although some of the underlying securities that are purchased for
client accounts may utilize internal leverage.

                                                            Fixed Income Philosophy and Discipline

TA generally incorporates a buy-and-hold strategy for fixed income securities, with specific focus on credit quality and average maturity of the portfolio. Our
philosophy incorporates a discipline that emphasizes liquidity, credit quality, after-tax yield and undervalued situations relative to “normal” yield spread
relationships and inflation expectations. Through implementation of our philosophy, we believe we can successfully reduce risk and enhance total return from
fixed income securities. Low portfolio turnover leads to lower transaction costs, which enhances portfolio returns. Investment decisions in fixed income
involve fundamental analysis of the issuer (see above) and a focus on general market risk, interest rate risk, re-investment risk, ill-liquidity risk and the risk of
capital loss inherent in the individual security. Third-party rating agency reports are a source of research support.

                                                                                                          Version Date: 31 December 2025                            3

The fixed income portion of the portfolio asset allocation will generally be invested in highly liquid, investment-grade individual securities. These securites
may include any or all of the following: US Treasury securities, US Government Agency securities, corporate and municipal bonds, mortgage backed
securities or preferred stock. Cash will be invested in highly liquid money market funds, including FDIC sweep vehicles, high quality commercial paper and
US Treasury Bills or repurchase agreements. Many fixed income securities are held for multiple years and from time to time the credit strength of the issuer
may change and the credit rating may drop below investment grade standards. TA may continue to hold the security if it is determined, after analyzing
applicable variables, that it is in the best interest of the client. From time to time, and under infrequent circumstances, TA may purchase bonds that are not
...