GS Investments Inc

Item 5 - Fees & Compensation
The following paragraphs detail the fee structure and compensation methodology for
investment management.

Fees for Advisory Services and Planning

All fees, including asset management and financial planning fees, are determined and
charged on a quarterly basis, in arrears and are automatically deducted from client
accounts by the custodian at the end of each calendar quarter. This is pursuant to the
terms of the Investment Advisory Agreement. Although all fees are subject to
negotiation, the Firm’s Standard Advisory and Planning Fee Schedules are found below:

           GS Investments Standard Asset Management Fee Schedule
                 0 – 1 Million        @       1.00%

                  1 – 5 Million           @        0.75%

                  Above $5 Million                 Negotiable

           GS Investments Financial Planning Fee
                 Account Value            @      0.1% or $500 Minimum fee

In addition to the Firm’s asset management and financial planning fees, clients will also
incur transaction charges for the investments bought or sold. These transaction charges
are paid to the custodian and are communicated to clients by GS Investments upon
establishing an investment advisory relationship. GS Investments does not receive any
portion of the transaction charges.

The custodians have the discretion to change the transaction charges at any time, and
GS Investments will notify the clients if this occurs. The transaction charges vary based
on the type of investment (e.g., individual equity securities, individual fixed income
securities, ETFs, and mutual funds), and range from $0.00 to $50.00.

To the extent applicable, client will also incur charges imposed by the custodian or
other 3rd parties, including, but not limited to, the following; ETF and mutual fund
management fees and administrative expenses, mutual fund 12b-1 fees, mutual fund
transaction fees and redemption charges and deferred sales charges on previously
purchased mutual funds transferred into the account, executing broker/dealer
commissions or markups/markdowns, IRA and qualified retirement plan fees,
administrative servicing fees for trust accounts, and other charged required by law. GS
Investments does not receive any portion of these fees and expenses.

In addition, the custodian may receive other compensation (direct or indirect) from
other third parties in connection with client holdings or transactions. Clients are
encouraged to carefully review all disclosures provided by the custodian in the
custodians account opening application.

To the extent a fixed income transaction is executed through a broker/dealer other than
Charles Schwab & Co., Inc. (“Charles Schwab”), Northland Securities (“Northland”),
Piper Sandler and Company (“Piper Sandler”) as described in Item 12 – Brokerage
Practices, the executing broker/dealer may charge a commission, markup/markdown,
or other fee for the transaction. Any such charges will be reflected in the price of the
security, and GS Investments does not receive any portion of these charges.

Rollovers

There is a conflict of interest regarding rollovers for a client that is a plan participant in
an employer-sponsored retirement plan. Upon reaching a distribution event, a plan
participant may decide to liquidate and withdraw funds from their employer-
sponsored retirement plan account and rollover the proceeds to an IRA. In the event of
an existing relationship with GS Investments, it would not be unusual for the plan
participant to request the assistance of GS Investments. A conflict of interest exists
because GS Investments will be compensated only if the plan participant rolls over the
proceeds into an IRA that is then managed by GS Investments. As a result, it can be
construed that GS Investments has a financial incentive to recommend one option over
another. Therefore, a plan participant should include in his/her decision making
process, a thorough review of all options presented when reaching a distribution event;
for example (i) remain invested under the employer-sponsored retirement plan (if
available), (ii) transfer retirement plan assets to a new employer-sponsored retirement
plan (if available), (iii) transfer retirement plan assets to an IRA with a financial
institution, or (iv) withdraw assets directly which would be subject to federal and
applicable state and local taxes and possibly subject to the IRS penalty of 10%
depending upon the age of the plan participant.

Termination and Refund of Fees

GS Investments is compensated for its services, in arrears, for the quarter in which
investment advisory services are rendered. Clients may request to terminate their
Investment Advisory Agreement with the Firm, in whole or in part, by providing written
notice, 30 days in advance.

The client shall be responsible for any fees up to effective date of written termination, plus
30 days. As fees are charged in arrears, clients are not typically due a refund. If the client is
due a refund, the Firm will refund any unearned fees by sending the client a check to the
address on record, via regular mail. The client’s Investment Advisory Agreement with the
Firm is non-transferable without the written approval of both the client and the Firm.

Item 7 - Types of Clients
As mentioned earlier, GS Investments manages separate accounts for individuals,
closely-held businesses, trusts, 401(K) and 403(B) plans, corporate pension and profit-
sharing plans, foundations and endowments.

Although the Firm has a stated minimum account size of $500,000, exceptions are
made at the discretion of the Firm.