HYJC Capital of WNY LLC

Item 5: Fees and Compensation

A. Fee Schedule

Portfolio Management Fees

        Total Assets Under Management          Annual Fees

        All Assets                             1.50%

The advisory fee is calculated using the value of the assets in the Account on the last
business day of the prior billing period.

These fees are generally negotiable, and the final fee schedule will be memorialized in the
client’s advisory agreement. Clients may terminate the agreement without penalty for a
full refund of HCOWL's fees within five business days of signing the Investment Advisory
Contract. Thereafter, clients may terminate the Investment Advisory Contract generally
with 7 days' written notice.

Financial Planning Fees

Fixed Fees

The negotiated fixed rate for creating client financial plans is between $150 and $2,650.

Clients may terminate the agreement without penalty, for full refund of HCOWL’s fees,
within five business days of signing the Financial Planning Agreement. Thereafter, clients
may terminate the Financial Planning Agreement generally upon written notice.

B. Payment of Fees

Payment of Portfolio Management Fees

Asset-based portfolio management fees are withdrawn directly from the client's accounts
with client's written authorization on a quarterly basis or may be invoiced and billed
directly to the client on a quarterly basis. Clients may select the method in which they are
billed. Fees are paid in advance.

Payment of Financial Planning Fees

Financial planning fees are paid via check, cash and wire.

Fixed financial planning fees are paid 50% in advance, but never more than six months in
advance, with the remainder due upon presentation of the plan.

C. Client Responsibility For Third Party Fees

Clients are responsible for the payment of all third-party fees (i.e. custodian fees,
brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
distinct from the fees and expenses charged by HCOWL. Please see Item 12 of this
brochure regarding broker-dealer/custodian.

D. Prepayment of Fees

HCOWL collects fees in advance. Refunds for fees paid in advance but not yet earned will
be refunded on a prorated basis and returned within fourteen days to the client via check,
or return deposit back into the client’s account.

For all asset-based fees paid in advance, the fee refunded will be equal to the balance of
the fees collected in advance minus the daily rate* times the number of days elapsed in the

billing period up to and including the day of termination. (*The daily rate is calculated by
dividing the annual asset-based fee rate by 365.)

Fixed fees that are collected in advance will be refunded based on the prorated amount of
work completed at the point of termination.

E. Outside Compensation For the Sale of Securities to Clients

John E Haugh is a registered representative of a broker-dealer and an insurance agent and
in these roles, accepts compensation for the sale of investment products to HCOWL
clients.

Christopher P Yuskiw is an insurance agent and in this role, accepts compensation for the
sale of insurance products to HCOWL.

1. This is a Conflict of Interest

    Supervised persons may accept compensation for the sale of investment products,
    including asset-based sales charges or service fees from the sale of mutual funds to
    HCOWL's clients. This presents a conflict of interest and gives the supervised person
    an incentive to recommend products based on the compensation received rather than
    on the client’s needs. When recommending the sale of investment products for which
    the supervised persons receive compensation, HCOWL will document the conflict of
    interest in the client file and inform the client of the conflict of interest.

2. Clients Have the Option to Purchase Recommended Products From
Other Brokers

    Clients always have the option to purchase HCOWL recommended products through
    other brokers or agents that are not affiliated with HCOWL.

3. Commissions are not HCOWL's primary source of compensation for
advisory services

    Commissions are not HCOWL’s primary source of compensation for advisory
    services.

4. Advisory Fees in Addition to Commissions or Markups

    Advisory fees that are charged to clients are not reduced to offset the commissions or
    markups on investment products recommended to clients.

Item 7: Types of Clients
HCOWL generally provides advisory services to the following types of clients:

   ❖       Individuals
   ❖       High-Net-Worth Individuals
   ❖       Charitable Organizations
   ❖       Corporations or Business Entities

There is no account minimum for any of HCOWL’s services.