Heydorn Stone Capital Management LLC

Item 5 Fees and Compensation

HSCM’s investment advisory fees are generally based on a percentage of assets under
management. Fees are billed quarterly in arrears based on the market value on the last
day of the quarter, adjusted for contributions and withdrawals. Billing amounts may be
rounded to nearest dollar. We reserve the right, in our sole discretion, to negotiate fees
under special circumstances.

HSCM’s standard fee schedule is:

1.00% per annum on the first $1,000,000 of assets under management
0.75% per annum on the next $2,000,000 of assets under management
0.50% per annum on the next $2,000,000 of assets under management
0.25% per annum on the balance over $5,000,000 under management

               Minimum quarterly fee $1,250

It is HSCM’s policy to debit management fees directly from client accounts. If a client
has more than one account, HSCM may be instructed to debit fees for all accounts from
one account. Fees for partial quarters, such as the initial quarter, are pro-rated for the
period the funds were managed. In certain circumstances HSCM may accept payment of
management fees by check. An additional administrative fee of $25 per account per
quarter is charged for this accommodation. If payment by check is not made by the end
of the second month following the quarter end, HSCM reserves the right to debit
management fees directly from the account. In this circumstance, we will debit fees from
any available taxable account(s) first or, if necessary, from any tax-exempt account(s).

HSCM has entered into an agreement with Charles Schwab & Co., Inc. (Schwab) to
provide custodial services to its clients. Trading executions are predominantly done
through Schwab. The client may incur charges imposed directly by the custodian of the
client’s account, transaction charges imposed by the broker-dealer executing securities
transactions for the client’s account, and fees and expenses imposed directly by mutual
funds held in or for the client’s account. The fees and expenses imposed by mutual funds
are described in each fund’s prospectus, and will generally include a management fee,
other fund expenses, and a possible distribution fee. Certain funds also impose initial or
deferred sales charges known as “loads.” If HSCM selects one of these funds for its
clients, they are purchased with the load waived. The client should review both the fees
charged by the funds and the fees charged by HSCM to fully understand the total amount
of fees to be paid by the client and to thereby evaluate the advisory services being

               Heydorn|Stone Capital Management LLC Form ADV Part 2A Firm Brochure
                                            March 2026

provided. For further discussion concerning HSCM’s brokerage practices, please see Item
12 of this Firm Brochure.

HSCM does not receive any portion of fees charged by Schwab, the mutual funds, or any
other broker.

In the event of termination, HSCM will assist the client in transferring assets out of
Schwab but will provide no further investment advice following notice of termination.
HSCM will de-link the account(s) from our institutional relationship at Charles Schwab
& Co. Inc. The account(s) will then remain as a retail account(s) at Charles Schwab &
Co. Inc. under the client’s full control. The client may close the account(s) by contacting
Schwab directly. For accounts with under $500 in market value, HSCM reserves the right
to not charge a fee and will not send quarterly performance packages for these accounts.
However, the accounts may remain open with the custodian for future investing and will
continue to receive statements from the custodian.

Item 7 Types of clients

Heydorn|Stone Capital Management provides investment advisory services to
individuals, high net worth individuals, trustees, pension and profit-sharing plans, and
charitable organizations.

The minimum investment relationship size is $500,000.00. Minimum requirement
exceptions may be made if the account is part of an existing client relationship or if
additional deposits will be made within a reasonable time frame.