Eton Advisors Group LLC

Item 5 Fees and Compensation

5(A) Eton Advisory Fees
                            For our wealth management and family office services, we charge a single fee based on the
                            value of assets we oversee.

                                                             Asset-Based Fee Schedule
                                       Account(s)/Portfolio Value                    Annual Percentage
                                            First $5,000,000                              1.00%
                                           Next $5,000,000                                0.75%
                                           Next $15,000,000                               0.65%
                                           Next $25,000,000                               0.55%
                                           Next $25,000,000                               0.45%
                                           Next $25,000,000                               0.40%
                                          Over $100,000,000                               0.35%

                            For clients invested in any of the Funds we manage, such client is not charged an
                            additional management fee at the Fund level in addition to the asset-based fee paid to
            Wealth
                            Eton. However, the Funds incur administrative fees of .08% which are paid to Eton
            Management
                            and bear expenses described in the offering and governing documents for the Funds.
            and Family
                            Such fees and expenses are borne by investors in Eton managed funds, and are in
            Offices
                            addition to the asset-based fees listed above.
            Services
            Service fees:   All fee arrangements are negotiable at our sole discretion. Specific fee arrangements,
                            including fixed flat fees, will be set forth in your Agreement with us. Fees can be
                            waived at Eton’s discretion. Eton aggregates Relationship Assets for the purpose of
                            determining the applicable Annual Fee Rates. Charitable accounts in a relationship
                            are assessed the lowest annual fee rate of the relationship. Our fees are based on the
                            market value of your assets under management, including cash, accrued interest,
                            accrued dividends, and securities purchased on margin.

                                Additions and Withdrawals

                            A pro-rata fee will be charged based on the value of additional contributions over
                            $100,000. No portion of any prepaid fees will be refunded based on the value of partial
                            withdrawals. You understand that the services provided hereunder are designed for long-
                            term investments and that withdrawals generally impair the achievement of your investment
                            objectives.

                            For the services described above, the frequency and timing of our fee collection process
                            occurs as follows: ☒ quarterly, ☐ monthly, ☒ in advance, or ☐ in arrears.
   Fee frequency/timing:
                            Specific fee arrangements will be set forth in your Agreement with us.

                                                                                           Eton, ADV Part 2A. Page 9 of 25

 Investment Manager for     The Funds do not pay a separate management fee. Clients that invest in the Funds pay the
      Pooled Investment     relationship-based quarterly fees on all assets we oversee, including assets invested in the
    Vehicles (Farrington    Funds. Neither we nor any of our affiliates are paid any “carried interest” or other form of
    Funds) Management       incentive compensation based on the performance of the Funds.
                    fees:

                            Each Fund bears an administrative fee of .08% on an annualized basis of the net asset
                            value of each Fund which is paid to Eton, plus partnership expenses as set forth in the
                            offering and governing documents for the Funds. Such fees and expenses are borne by
                            investors in Eton managed funds, and are in addition to the asset-based fees listed
                            above.
             Other fees:
                            For certain clients, we charge an advisory fee for services provided to the held-away
                            accounts mentioned above in Item 4, just as we do with client accounts held at our
                            primary custodians(s). The specific fee schedule charged by us is provided in the
                            client’s investment advisory agreement with us.

                            For the services described above, the frequency and timing of our fee collection process
  Fee frequency/timing:
                            occurs as follows: ☒ quarterly, ☐ monthly, ☒ in advance, or ☐ in arrears.
  Advanced billing and      N/A
              refunds:

5(B) Fee Collection Process
                            For the services described above, we receive our service fees by the following method(s):

                            ☒ automatic fee deduction via the custodian;
                            ☒ and/or direct invoice to you.
                            Billing Via Custodian.

                            Contemporaneously with the execution of the Agreement, you will be asked to sign an
                            authorization that will allow the custodian of any of your account(s) to debit the
                            account(s) the amount of our service fees and remit the fee to us. The authorization will
...

Item 7 Types of Clients
 We generally provide our services to the following types of clients.

      •   Individuals
      •   High net worth individuals
      •   Foundations / charitable organizations
      •   Trusts for natural persons
      •   Estates for natural persons
      •   Business or corporate entities
      •   Family investment entities
      •   Pooled investment vehicles

 Eton has a minimum initial account balance of $20,000,000 and a minimum annual fee of $152,500. There is no
 minimum ongoing account balance. Minimums can be waived at Eton’s discretion.