Lone Peak Advisers LLC

Item 5- Fees and Compensation:

A) Each Client is charged an annual fee for LPA’s investment advisory services. A monthly / quarterly portion of the fee is
charged to the Client’s account monthly / quarterly, either in advance based on the prior period’s e n d i n g balance or in
arrears based on the balance of the assets under management (“AUM”) on the last day of the previous month / quarter, or
accrued daily and billed to the Client’s account at the end of the calendar month / quarter in arrears depending on the selected
qualified custodian. For in advance billing, the initial charge on a new account will be accessed from the day the account funds
and be prorated to the end of the first month / quarter billing period.

The annual fee may consist of two parts:
     LPA Advisory Fee—A fee relating to services performed by LPA, including Investment Supervisory Services,
      communications to Client and the applicable qualified custodian(s), marketing activities, and services provided by our
      back office support. The annual fee for LPA's investment advisory services will be charged as a percentage of AUM.
     TPAM (Third Party Asset Manager) / sub-advisor fee—A fee covering the services performed by the TPAM /
      sub-advisor that LPA may use in addition to its own LPA Advisory Services above. TPAM / sub-advisor services
      may include their own discretionary investment management services, a trading infrastructure/platform and
      client accounting and reporting services. LPA has its own internal TPAM / sub-advisor service which could be a
      potential conflict of interest.

The total asset management fee assessed inclusive of any TPAM/sub-advisor fee will not exceed 2.9%. Any increase in fees
must be approved in writing. An updated management agreement or LOI signed by the client, advisor, and appropriate LPA
supervisory may serve as approval for the change in fee arrangements.

For further explanation of the Annual Fee applicable to a client’s account, please review LPA’s Managed Account
Agreement.

Clients may be charged additional administrative, brokerage, clearing and transactional fees by the client’s custodian firm,
LPA, and/or other entities. For more information, please see Item 12.

B) Management fees are negotiable depending on the types of investments and degree of involvement required for each
client's circumstances. LPA will quote an exact percentage to the client, based on both the nature and total dollar value of
that account. Friends, family, LPA's IARs, and certain charitable organizations may be given a discounted AUM fee, at the
sole discretion of LPA. In addition, from time to time clients may request LPA's IARs to transfer and/or manage investments
purchased through or held at other institutions or firms. Those purchases or investments may cause the client to be assessed
additional charges by the other entities.

Fees will be debited directly from client accounts, at the beginning of each month / quarter, whether in advance or in arrears
as explained in 5(A) of this section, based upon the value market value or fair market value in the absence of market value
of the client's account at the end of the previous quarter. If in arrears, the previous quarter’s daily value is typically used if the
daily data is available. In the event the custodian will not allow such direct billing to the client’s account, LPA will directly
invoice the client for the amount due. Clients may also verbally elect to have fees for multiple accounts deducted from one
primary account to avoid having some fees deducted and some fees directly invoiced. However, fees directly invoiced to the
client will be due and payable upon receipt of the billing invoice. Clients who terminate their advisory account agreement
will be responsible for fees earned up to the date of termination.

Management fees on certain variable annuity contracts may impact their annuity benefits. LPA will work with the client to
try to avoid this, but ultimately this is the client’s responsibility.

Lone Peak Advisers, LLC                                                                                       PH: 801-855-8886
11650 S. State Street, Suite 200                              5                                               ADV-LPA-03/2026
Draper, Utah 84020

                                                                  Lone Peak Advisers, LLC
                                                                  Investment Advisor Brochure

C) For clients who receive financial planning services, LPA charges a non-negotiable financial planning fee of $330.36
per hour (3-hour minimum). An estimated fee will be provided at the commencement of the advisory relationship, based
on the estimated hours for completion. In the alternative, a fixed fee amount may be negotiated for the completion of the
entire financial plan based on the scope of the financial plan being requested by the client. One half of the fees are due
prior to the service being provided. The remaining balance is due at the time of delivery. Clients may incur brokerage and
other transaction costs charged by any of our brokerage custodians, however, most brokerage custodians now have zero or
very low commission trade platforms. See item 12 in this brochure for more details. LPA may charge the client an annual
$50.00 fee (billed monthly or quarterly) for each account managed by LPA to cover platform and admin costs as explained
and agreed to in the LPA Management Agreement.
D) In the event a Client is charged in advance for their advisory fee as described in Item 5(A), the client may obtain a
refund of part of their pre-paid fee if the contract is terminated before the end of the billing period. The refund will be for
the prorated portion of the remaining month / quarter from the date the written letter of termination is delivered to LPA
as per the LPA Managed Service Agreement / Advisory Service Contract.

Item 7- Types of Clients:

LPA provides portfolio management and advisory services primarily to individuals, but may also serve small businesses,
401(k)s, pensions, trusts, charitable organizations, and corporations. LPA does not have a required minimum account size.
However, smaller accounts managed by LPA may find their performance negatively impacted by other account fees and/or
transaction costs. Therefore, these clients should consider all other options for investing prior to establishing a managed
account with LPA.