Crown Oak Advisors LLC

Item 5. Fees and Compensation
      Crown Oak Advisors offers services on a fee basis, including fees based upon assets under management for
      investment management clients and fixed fees for institutional consulting services clients.

      Investment Management Fees

      Crown Oak Advisors offers investment management services for an annual fee based on the amount of
      assets under the Firm’s management. This management fee varies in accordance with the following fee
      schedule:

                                   PORTFOLIO VALUE                       BASE FEE
                                      Up to $5,000,000                      0.60%
                                      Above $5,000,000                      0.50%

      The annual fee is prorated and charged quarterly, in arrears, based upon the market value of the assets being
      managed by Crown Oak Advisors on the last day of the previous quarter as determined by a party
      independent from the Firm (including the client’s custodian or another third-party).

      If assets are deposited into or withdrawn from an account after the inception of a billing period, the fee
      payable with respect to such assets is not adjusted to reflect the interim change in portfolio value. For the
      initial period of an engagement, the fee is calculated on a pro rata basis. In the event the advisory agreement

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 Disclosure Brochure                                                          Crown Oak Advisors, LLC

      is terminated, the fee for the final billing period is prorated through the effective date of the termination and
      the outstanding or unearned portion of the fee is charged or refunded to the client, as appropriate.

      Additionally, for asset management services the Firm provides with respect to certain client holdings (e.g.,
      held-away assets, accommodation accounts, alternative investments, etc.), Crown Oak Advisors can
      negotiate a fee rate that differs from the range set forth above. Clients are advised that a conflict of interest
      exists for the Firm to recommend that clients engage Crown Oak Advisors for additional services for
      compensation, including rolling over retirement accounts or moving other assets to the Firm’s management.
      Clients retain absolute discretion over all decisions regarding engaging the Firm and are under no obligation
      to act upon any of the recommendations. Lower fees for comparable services may be available from other
      sources. The Firm includes cash in a clients account in determining the valuation for billing purposes. The
      Firm may, in its sole discretion, not include cash in determining the fee, especially where a client has a high
      percentage of cash for reasons other than the Firm's investment management decision.

      Institutional Consulting Fees

      Crown Oak Advisors charges a fixed fee for providing institutional consulting services. These fees are
      negotiable depending upon the scope and complexity of the services and the professional rendering the
      services but range from $50,000 to $500,000. The terms and conditions of the consulting engagement are
      set forth in the Advisory Agreement.

      Fee Discretion

      Crown Oak Advisors may, in its sole discretion, negotiate to charge a lesser fee based upon certain criteria,
      such as anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to
      be managed, related accounts, account composition, pre-existing/legacy client relationship, account
      retention, pro bono activities, or competitive purposes.

      Additional Fees and Expenses

      In addition to the advisory fees paid to Crown Oak Advisors, clients also incur certain charges imposed by
      other third parties, such as broker-dealers, custodians, trust companies, banks and other financial institutions
      (collectively “Financial Institutions”). These additional charges include securities brokerage commissions,
      transaction fees, custodial fees, fees attributable to alternative assets, margin and other borrowing costs,
      charges imposed directly by a mutual fund or ETF in a client’s account, as disclosed in the fund’s prospectus
      (e.g., fund management fees and other fund expenses), deferred sales charges, odd-lot differentials, transfer
      taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities
      transactions. The Firm’s brokerage practices are described at length in Item 12, below.

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 Disclosure Brochure                                                       Crown Oak Advisors, LLC

      Direct Fee Debit

      Clients provide Crown Oak Advisors with the authority to directly debit their accounts for payment of the
      investment advisory fees. The Financial Institutions that act as the qualified custodian for client accounts,
      from which the Firm retains the authority to directly deduct fees, have agreed to send statements to clients
      not less than quarterly detailing all account transactions, including any amounts paid to Crown Oak
      Advisors.

      Account Additions and Withdrawals

      Clients can make additions to and withdrawals from their account at any time, subject to Crown Oak
      Advisors’ right to terminate an account. Additions can be in cash or securities provided that the Firm
      reserves the right to liquidate any transferred securities or declines to accept particular securities into a
      client’s account. Clients can withdraw account assets at any time, subject to the usual and customary
...

Item 7. Types of Clients
      Crown Oak Advisors offers services to individuals, trusts, estates, charitable organizations, and
      endowments, foundations and other institutions.

      Minimum Account Value

      As a condition for starting and maintaining an investment management relationship, Crown Oak Advisors
      imposes a minimum portfolio value of $500,000. Crown Oak Advisors may, in its sole discretion, accept
      clients with smaller portfolios based upon certain criteria, including anticipated future earning capacity,

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 Disclosure Brochure                                                           Crown Oak Advisors, LLC

      anticipated future additional assets, dollar amount of assets to be managed, related accounts, account
      composition, pre-existing client, account retention, and pro bono activities. Crown Oak Advisors only
      accepts clients with less than the minimum portfolio size if the Firm determines the smaller portfolio size
      will not cause a substantial increase of investment risk beyond the client’s identified risk tolerance. Crown
      Oak Advisors may, in its sole discretion, aggregate the portfolios of family members to meet the minimum
      portfolio size.