CBM Financial LLC

ITEM 5 – FEES AND COMPENSATION
   5A, B, C & D: FEE SCHEDULES, PAYMENTS & OPTIONS

   INVESTMENT MANAGEMENT

                                       Account Balance                    Annual Fee Rate (%)

                                        Up to $999,999                             1.5%

                                    $1,000,000 - $1,999,999                       1.15%

                                    $2,000,000 - $3,999,999                       0.90%

                                    $4,000,000 - $5,999,999                       0.80%

                                    $6,000,000 - $7,999,999                       0.70%

                                    $8,000,000 - $9,999,999                       0.60%

                                      $10,000,000 and up                        Negotiable

   Fees are negotiable and determined based on factors including, but not limited to, account size, complexity of services, and
   client relationships. All fee arrangements are detailed in the client agreement.

   For purposes of determining value, securities and other instruments traded on a market for which actual transaction prices
   are publicly reported are valued at the last reported sale price on the principal market in which they are traded. If the
   investments are not managed assets, they are not included in Watercolor Financials’ fee calculation .

   Compensation for our services will be calculated in accordance with what is set in the client agreement. We may modify the
   terms of any agreement by written changes submitted to the client for signature. While we strive to maintain competitive
   fees, the same or similar services may be available from other firms at higher or lower fees.

   Watercolor Financial requires written authorization from the client to deduct advisory fees from an account held by a
   qualified custodian. Watercolor Financial sends the qualified custodian written notice of the amount of the fee to be
   deducted from the client’s account. Watercolor Financial fees are paid from your account by the custodian when we submit
   an invoice to them.

   Watercolor Financial fees are paid quarterly in advance based on the market value as of the last business day of the prior
   quarter, with payment due within 10 days from the date of the invoice. Our fee is determined by taking the percentage rate
   we charge, divided by four, times the market value of the account. The market value is the sum of the values of all managed
   assets in the account, not adjusted by any margin debit.

   In cases where there are partial fees at the commencement or termination of our agreement, they will be billed or refunded
   on a pro-rated basis contingent on the number of days the account was open. Quarterly fee adjustments for additional assets
   received into the account during a quarter or for partial withdrawals will also be provided on the above pro rata basis.

   If there is insufficient cash in your account to pay your fees, securities in your portfolio may be sold to pay our fee.

ADV PART 2A BROCHURE

   In addition to our fees, there may be custodial fees or mutual fund fees. See 5c: Third Party Fees below.

   FINANCIAL PLANNING FEES
   For clients who engage Watercolor Financial for investment management services, fees for financial planning and consulting
   services are generally complimentary. Watercolor does not offer stand-alone financial planning or consulting services.

   RETIREMENT PLAN ADVISORY FEES
   Fees for portfolio monitoring, retirement plan ERISA planning and consulting services depend on the types of services that
   serve the client. We typically use our standard fee schedule. Fees are negotiable and determined based on factors including,
   but not limited to, account size, complexity of services, and client relationships. All fee arrangements are detailed in the
   client agreement. Fees billed in advance are based on the value of the assets in the account as of the last business day of the
   prior quarter. For Plans where our fee is billed to the custodian, the fee is deducted directly from the participant accounts.
   Written authorization permitting us to be paid directly from the custodial account is outlined in the Agreement. Our
   maximum investment advisory fee is 1.5%, or we may negotiate a lower advisory fee. The specific advisory fees are set forth
   in your Investment Advisory Agreement.

   5C: THIRD PARTY FEES
   You are responsible for the payment of all third-party fees (i.e. custodian fees, mutual fund fees, transaction fees, etc.). Those
   fees are also separate and distinct from the fees we charge. Watercolor Financial does the best we can to minimize all fees
   and transaction costs.

   All brokerage commissions, stock transfer fees, and other similar charges incurred in connection with transactions for the
   account will be paid out of the assets in the account and are in addition to the investment management fees paid to us.
   While we take measures to ensure the fees charged are accurate, it is your responsibility to ensure the amount of fee charged
   is correct. In addition to invoices and reports sent by us, you will receive statements directly from the custodian or mutual
   funds or other investments you hold. We strongly urge you to compare our invoices and reports to custodian statements for
   accuracy.

   5.D: TERMINATION
   The investment advisory contract may be terminated by the client within five (5) business days of signing the contract without
   incurring any advisory fees or penalty. Ongoing, Watercolor Financial or our clients can terminate our agreement upon
   receipt of written notice to the other party.

   When an agreement is terminated, we will refund any pre-paid, unearned fees. Refunds will be processed within 60 days of
   termination based on the number of days remaining in the billing cycle, net of any outstanding fees or charges.
...

ITEM 7 – TYPES OF CLIENTS

   Watercolor Financial generally provides asset management and financial planning services to the following types of clients:

      •    Individuals
      •    Families
      •    High-Net-Worth Individuals
      •    Trusts
      •    Estates
      •    Business

   MINIMUM ACCOUNT SIZE:
   Watercolor Financial has an account minimum of $1,000,000 per household. However, we retain discretion to accept clients
   with smaller portfolios.