Glassy Mountain Advisors Inc

Item 5: Fees and Compensation

Compensation

Glassy Mountain Advisors bases its fees on a percentage of assets under management.
Glassy Mountain Advisors also charges a fee on client assets on margin and on accrued
interest. In certain circumstances our fees and account minimums may be negotiated (see
Item 7 below for minimum asset requirements). Our standard fee schedules are described
below.

Glassy Mountain Advisors, Inc.                                                           Page 5

Compensation – Investment Advisory Services

Fees are deducted directly from client accounts in advance at the beginning of each
calendar quarter based upon the quarter-end values (market value or fair market value plus
any credit balance or minus any debit balance) of the client’s account for the previous
quarter. Multiple accounts of immediately related family members may be considered one
consolidated account for billing purposes. We do not prorate fees for deposits and
withdrawals in the account during the quarter. Glassy Mountain Advisors shall invoice
certain clients for advisory fees to be paid if the client is unable to pay the fee directly from
the client’s account(s). Our standard fee schedule is as follows:

               Value of Client Assets                        Annual Percentage Fee

                  First $5,000,000                                   1.00%

                  Next $5,000,000                                    0.75%

                Above $10,000,000                                    0.60%

Compensation – Financial Planning Services

Glassy Mountain Advisors does not charge its clients for financial planning services and
does not offer stand-alone, fee-based financial planning services.

General Information on Advisory Services and Fees

Our management fee is exclusive of brokerage commissions, transactions fees, and other
related custodial costs and expenses. Item 12 below describes the factors that Glassy
Mountain Advisors considers in selecting the broker-dealers for client transactions and
determining the reasonableness of their compensation (e.g., commissions).

A portion of client accounts may be invested in mutual funds, ETFs, or similar securities.
These securities carry fees and expenses (including advisory fees) that are in addition to
fees charged by Glassy Mountain Advisors for our services. The client should review both
the fees charged by the funds and the fees charged by Glassy Mountain Advisors to fully
understand the total amount of fees to be paid by the client and to evaluate the advisory
services being provided.

Accounts for employees and their family members or others may be managed for reduced
fees or no fee. Exceptions to our standard fees may result in a conflict of interest and
possibly variation in the degree to which the accounts are managed. Glassy Mountain
Advisors strives to provide our services consistently to all clients, including those described
here.

Glassy Mountain Advisors, Inc.                                                            Page 6

Termination of Advisory Relationship

A client agreement may be terminated at any time, by either party, for any reason upon
receipt of 5 days written notice. Upon termination of any account, any prepaid, unearned
fees will be promptly refunded. Clients will pay management fees prorated through the
date that Glassy Mountain Advisors ceases management of those assets.

Held-Away Accounts

If the client elects to have us provide investment advisory services for held-away accounts,
the cost of the third-party intermediary’s order management system is included in our
management fee related to the held-away accounts; there is no additional cost to the client.
The client’s discretionary advisory agreement will include details of this cost.

Item 7: Types of Clients

Glassy Mountain Advisors provides investment advisory services to high-net-worth
individuals, corporations, trusts, estates, non-profit organizations, endowments, and
foundations.

Account Minimums

Glassy Mountain Advisors requires a minimum account of $1,000,000 for investment
advisory clients. This minimum may be negotiable under certain circumstances.