Clayton Financial Services Inc

Item 5 Fees and Compensation
A.    Fee Schedule

1.   Wealth Management

CWP's financial planning services are included as part of the Individual fees charged to clients as
indicated in the tables below.

The schedules below represent annual charges for individual and institutional investors' fees. This fee
is billed quarterly in advance based upon the value of the assets on the last business day of the
preceding calendar quarter. If a client's account does not contain sufficient funds to pay the advisory
fees, CWP has the limited authority to sell or redeem securities in sufficient amounts to pay advisory
fees. Except for ERISA and IRA accounts, clients may reimburse accounts for advisory fees paid to
CWP. At the client's request, CWP will group multiple accounts belonging to that client and/or his
household to determine the fee to be billed.

Fees are not based on a share of capital gains or capital appreciation of the funds or any portion of the
funds in client accounts.

Exceptions to CWP's general fee schedule are available under certain circumstances (e.g.,
responsibilities involved; accounts or groups of accounts which are expected to have significant capital
additions in the future; anticipated future earning capacity; related accounts; account composition; pre-
existing client; account retention; pro bono activities, etc.)

Fee Schedule for Individual Clients

Account Size                Maximum Annual Fee
First $1,000,000            1.00%
Next $4,000,000              .50%
Thereafter                   .40%

For clients with less than $120,000 in assets to manage, there is a minimum annual fee of $1,200 for
all individual advisory services, which includes financial planning services. Client's paying the minimum
fee have the option to make 12 monthly payments of $100.

Fee calculation example for a $2,500,000 account:

      First $1,000,000 x 1.0% = $10,000
      Next $1,500,000 x .50% = $ 7,500

Total: $17,500, divided by 4 = $4,375 per quarter

Fee Schedule for Institutional Clients

Account Size                 Maximum Annual Fee
First $20,000,000            .40%
Next $30,000,000             .20%
Thereafter                   .10%

Institutional clients have a minimum annual fee for advisory services of $4,000.

2.   One-Time Consultation

This project-specific engagement will be billed at an hourly fee of $50 - $350 per hour, depending on
the individual(s) performing the engagement and the level of experience and skill required.

3.       401(k) Plan Investment Advisor Services

The schedule below represents annual charges for employer retirement plan investment advisory
service fees. This fee is billed quarterly in arrears based on the quarter-end Plan balance. Clients can
choose to pay this fee directly to CWP or the advisory fee can be paid from plan assets.

                      Plan Size             Annual Fee
Tier 1      $0-$2,000,000                    .35%
Tier 2     $2,000,000 - $20,000,000          .25%
Tier 3     Above $20,000,000                Negotiable

4.       Investment Advisory Services for certain trusts

Pursuant to its agreement with Capitol Federal Savings Bank and BOK Financial, CWP has agreed to
reduce our normal published fees for providing investment management services by a minimum of
37.5%. (See Fee Schedule for Individual Clients under 5 A (1) above).

B.       Other Fees

In addition to the advisory fees above, a client may incur transaction fees for securities transactions
executed in the client's account in accordance with the third-party custodian's transaction fee schedule.
A client may also pay fees for custodial services, account maintenance fees, transaction fees, and
other fees associated with maintaining the account. These fees are not charged by CWP but are
charged by the product, broker/dealer or account custodian. CWP does not share in any portion of
these fees. Additionally, a client may pay the proportionate share of the fund's management and
administrative fees and sales charges as well as the mutual fund adviser's fee of any mutual fund CWP
purchases for the client. These advisory fees are not shared with CWP and are compensation to the
fund-manager.

CWP does not receive securities commissions or other compensation that is contingent on the
purchase or sale of any security. From time-to-time, CWP may reimburse clients for miscellaneous
transaction fees.

Clients may make additions or withdrawals to/from their accounts. No fee adjustments will be made for
such activity or for account appreciation or depreciation during the billing quarter.

C.     Compensation for Sale of Securities

Neither CWP nor its Advisory Representatives receive compensation for the sale of securities or other
investment products, including asset-based sales charges or service fees from the sale of mutual
funds.

D.     Termination Provisions

A client may terminate wealth management services obtained from CWP, without penalty, upon verbal
or written notice within five (5) business days after entering into the advisory agreement. The client will
be responsible for any fees and charges incurred from third parties as a result of maintaining the
account such as transaction fees for any securities transactions executed and account maintenance or
custodial fees. Thereafter, a client may terminate services with a written notice to CWP. If a client
terminates services during a quarter, the client will be charged a pro-rata portion of the advisory fee for
the quarter up to the date of termination. Fees collected in excess of the pro-rata fee will be returned to
the client within 30 days of termination. For Individual clients paying a minimum annual fee,
termination after the five (5) business days following engagement will result in forfeiture of the
minimum annual fee. If a client has multiple accounts with CWP and closes out one or more but not all
the accounts, the fee is not refunded.

Item 7 Types of Clients
CWP's services are geared towards individuals and their families including high net worth
individuals, retirees, young professionals, as well as trusts, and estates. As well as, institutional clients
consisting of, but not limited to, foundations, non-profit organizations, endowments, corporations or
other business entities, including employer retirement plans for Investment Advisor Services pursuant
to 3(21) under ERISA.