Live Oak Wealth Advisory Group LLC

Item 5          Fees and Compensation

   A.
                                 INVESTMENT ADVISORY SERVICES
         If a client determines to engage LOWAG to provide discretionary and/or non-
         discretionary investment advisory services on a fee basis, LOWAG’s annual
         investment advisory fee shall be based upon a percentage (%) of the market value
         and type of assets placed under LOWAG’s management (between negotiable and
         1.75%), as follows:

                            Market Value of Portfolio         Annual Fee %
                            $0 - $500,000                     1.75%
                            $501,000 - $1,000,000             1.50%
                            > $1,000,000                      1.25%

         LOWAG's annual investment advisory fee shall include investment advisory
         services, and, to the extent specifically requested by the client, financial planning
         and consulting services. In the event that the client requires extraordinary planning
         and/or consultation services (to be determined in the sole discretion of LOWAG),
         LOWAG may determine to charge for such additional services, the dollar amount
         of which shall be set forth in a separate written notice to the client.

         Please Note: Certain clients may be subject to legacy fee schedules (generally
         1.00% of assets under management on an annual basis) and may be billed on either
         a monthly basis in arrears based upon the average daily balance in their account
         during the previous month or may be billed quarterly in advance based upon the
         previous month’s ending balance. The actual billing methodology will be set forth
         in the client’s investment advisory agreement. Also, LOWAG maintains a
         minimum required annual advisory fee of $500 per year. In the event that the client
         is subject to an annual minimum fee, the client could pay a higher percentage fee
         than referenced above.

   The manner in which each client is to be billed will be specified in their investment
   advisory agreement.

   LOWAG adjusts its fee billing for intra-period additions to or withdrawals from,
   managed accounts in excess of 10% of the current account balance or a minimum
   of $50,000, whichever amount is greater.

   Fee Dispersion. LOWAG, in its discretion, may charge a lesser or higher
   investment advisory fee, charge a flat fee, waive applicable minimum asset or
   minimum fee levels, waive its fee entirely, or charge a fee on a different interval,
   based upon certain criteria (i.e., anticipated future earning capacity, anticipated
   future additional assets, dollar amount of assets to be managed, related accounts,
   account composition, complexity of the engagement, anticipated services to be
   rendered, grandfathered fee schedules, employees and family members, courtesy
   accounts, competition, negotiations with client, etc.). Please Note: As result of the
   above, similarly situated clients could pay different fees. In addition, similar
   advisory services may be available from other investment advisers for similar or
   lower fees.

         FINANCIAL PLANNING AND CONSULTING SERVICES (STAND-ALONE)
   To the extent requested by a client, LOWAG may determine to provide financial
   planning and/or consulting services (including investment and non-investment
   related matters, including estate planning, insurance planning, etc.) on a stand-alone
   fee basis. LOWAG’s planning and consulting fees are negotiable, but generally
   range from $1,250 to $5,000 on a fixed fee basis, and from $125 to $250 on an
   hourly rate basis, depending upon the level and scope of the service(s) required and
   the professional(s) rendering the service(s).

B. Clients may elect to have the Firm’s advisory fees deducted from their custodial
   account. Both LOWAG's Investment Advisory Agreement and the custodial/
   clearing agreement may authorize the custodian to debit the account for the amount
   of LOWAG's investment advisory fee and to directly remit that management fee to
   LOWAG in compliance with regulatory procedures. In the limited event that
   LOWAG bills the client directly, payment is due upon receipt of LOWAG’s
   invoice. LOWAG shall deduct fees and/or bill clients quarterly in advance, based
   upon the market value of the assets on the last business day of the previous quarter.

C. As discussed below, unless the client directs otherwise or an individual client’s
   circumstances require, LOWAG shall generally recommend that Charles Schwab
   & Co., Inc. Advisor Services (“Charles Schwab”) and/or Interactive Brokers LLC
   (“Interactive Brokers”) serve as the broker-dealer/custodian for client investment
   management assets. Broker-dealers such as Charles Schwab and Interactive
   Brokers charge brokerage commissions and/or transaction fees for effecting certain
   securities transactions (i.e. transaction fees are charged for certain no-load mutual
   funds, commissions are charged for individual equity and fixed income securities

         transactions). Clients will incur, in addition to LOWAG’s investment management
         fee, brokerage commissions and/or transaction fees, and, relative to all mutual fund
         and exchange traded fund purchases, charges imposed at the fund level (e.g.
         management fees and other fund expenses).
   D. The Firm's annual investment advisory fee shall be prorated and paid quarterly, in
         advance, based upon the market value of the assets on the last business day of the
         previous quarter. The Investment Advisory Agreement between LOWAG and the
         client will continue in effect until terminated by either party by written notice in accordance
         with the terms of the Investment Advisory Agreement. Upon termination, LOWAG shall
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Item 7           Types of Clients

         The Firm’s clients shall generally include individuals, high net worth individuals,
         trusts, and estates. LOWAG generally requires an annual minimum fee of $500 for
         investment advisory services. LOWAG, in its sole discretion, may charge a lesser
         investment management fee based upon certain criteria (i.e. anticipated future
         earning capacity, anticipated future additional assets, dollar amount of assets to be
         managed, related accounts, account composition, negotiations with client, etc.). A
         minimum of $5,000,000 of assets under management is required for our services.
         This account size may be negotiable under certain circumstances