Merryfield Barnes LLC

Item 5. Fees and Compensation
    Merryfield Barnes, LLC offers its services on a fee basis, which includes hourly and/or fixed fees, as well as fees
    based upon assets under management.

    Financial Planning and Consulting Fees

    Merryfield Barnes, LLC charges a fixed fee and/or hourly fee for financial planning and consulting
    services. These fees are negotiable but generally range from $1,500 to $30,000 on a fixed fee basis and/or
    from $500 to $1000 on an hourly rate basis, depending upon the level and scope of the services and the
    professional rendering the financial planning and/or the consulting services. If the client engages Merryfield
    Barnes, LLC for additional investment advisory services, Merryfield Barnes, LLC may offset all or a portion of
    its fees for those services based upon the amount paid for the financial planning and/or consulting services.

    Prior to engaging Merryfield Barnes, LLC to provide financial planning and/or consulting services, the client is
    required to enter into a written agreement with Merryfield Barnes, LLC setting forth the terms and conditions of
    the engagement. Generally, Merryfield Barnes, LLC requires one-half of the financial planning / consulting
    fee payable upon entering the written agreement. The balance is generally due upon delivery of the financial plan
    or completion of the agreed upon services.

    Investment Management Fee

    Merryfield Barnes, LLC provides investment management services for an annual fee based upon a
    percentage of the market value of the assets being managed by Merryfield Barnes, LLC. The Firm’s annual
    fee is exclusive of, and in addition to brokerage commissions, transaction fees, and other related costs and
    expenses which are incurred by the client. Merryfield Barnes, LLC does not, however, receive any portion of
    these commissions, fees, and costs. Merryfield Barnes, LLC annual fee is prorated and charged quarterly, in
    advance, based upon the market value of the assets being managed by Merryfield Barnes, LLC on the last day
    of the previous quarter.1 The annual fee varies depending upon the type of investments and the market value of
    the assets under management, as follows:

1Please note that although we calculate our fees quarterly, it is not necessarily a calendar quarter, and billing can start in any
month Please inquire with your IAR if you have any questions.

                                                            Fee for                            Fee for
                  Portfolio Values
                                                         Equities, ETFs,                 Corporate, Sovereign
                                                            Options                  Debt, High-Yield Bonds
                     Up to $500,000                          2.00%                              1.75%
               $500,001 - $1,000,000                         1.75%                              1.50%
              $1,000,001 - $5,000,000                        1.00%                              1.00%
                 Above $5,000,000                         Negotiable                         Negotiable

                                                                               Fee for
                                      Portfolio Values
                                                                           Municipal Bonds
                                      Up to $5,000,000                           0.20%
                               $5,000,001 - $10,000,000                          0.17%
                                   Above $10,000,000                             0.15%

                                                                               Fee for
                                      Portfolio Values
                                                                            Mutual Funds
                                      Up to $1,000,000                           1.40%
                                   Above $1,000,000                              1.00%

*The annual fee for non-discretionary accounts is negotiable, based upon the assets under management and
services provided.

Some accounts may be charged fees on different asset classes. Additionally, accounts may be charged fees on
available cash balances held in accounts when a decision is actively made to retain a portion of the assets in cash
as opposed to other investments.

Fees Charged by Financial Institutions

As further discussed in response to Item 12 (below), Merryfield Barnes, LLC generally recommends that clients
utilize the brokerage and clearing services of Pershing LLC through Pershing Investment Manager Services
(“Pershing”) for investment management accounts.

Merryfield Barnes, LLC only implements its investment management recommendations after the client has
arranged for and furnished Merryfield Barnes, LLC with all information and authorization regarding accounts
with appropriate financial institutions. Financial institutions include, but are not limited to, Pershing, any other
broker-dealer recommended by Merryfield Barnes, LLC, broker-dealer directed by the client, trust companies,
banks, etc. (collectively referred to herein as the “Financial Institutions”).

Clients may incur certain charges imposed by the Financial Institutions and other third parties such as
custodial fees, charges imposed directly by a mutual fund or ETF in the account, which are disclosed in the fund’s
prospectus (e.g., fund management fees and other fund expenses), deferred sales charges, odd-lot differentials,

transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Additionally, clients may incur brokerage commissions and transaction fees. Such charges, fees
and commissions are exclusive of and in addition to Merryfield Barnes, LLC fee.
...

Item 7. Types of Clients
Merryfield Barnes, LLC generally provides its services to individuals, high net worth individuals, pension and
profit- sharing plans, trusts, estates, charitable organizations, corporations, and business entities.

Minimum Account Requirements

Merryfield Barnes, LLC does not impose a minimum portfolio size or minimum annual fee.