Oak Grove Capital LLC

Item	5	–	Fees	and	Compensation

    Oak	Grove	provides	investment	management	services	on	a	fee-only	basis	pursuant	to	a	comprehensive
    portfolio	management	agreement	(the	“advisory	agreement”)	generally	terminable	by	either	party	with
    not	 more	 than	 30-days	 prior	 written	 notice.	 Investment	 management	 fees	 are	 payable	 quarterly,	 in
    advance,	and	are	based	on	a	percentage	of	the	market	value	of	assets	under	management	on	the	last
    day	of	the	previous	quarter	for	a	particular	client:		Oak	Grove’s	charges	a	flat	1.2%	fee.		Oak	Grove	may
    waive,	reduce,	or	rebate	fees	with	respect	to	specific	clients	in	its	sole	discretion.

    Clients	should	be	aware	that	the	Firm’s	investment	management	fees	may	be	higher	or	lower	than	those
    charged	by	other	investment.	There	may	be	other	investment	managers	who	can	provide	comparable
    services	at	a	higher	or	lower	fee.

    Fees	 will	 generally	 be	 automatically	 deducted	 from	 the	 client’s	 account	 based	 on	 the	 client’s
    authorization	to	directly	debit	fees	from	such	accounts	in	accordance	with	the	terms	of	the	advisory
    agreement.	Management	fees	are	prorated	for	each	capital	contribution	made	during	the	applicable
    month.	 Accounts	 initiated	 or	 terminated	 during	 any	 month	 will	 be	 charged	 a	 prorated	 fee.	 Upon
    termination	of	any	account,	any	prepaid,	unearned	fees	will	be	promptly	refunded,	and	any	earned,
    unpaid	 fees	 will	 be	 due	 and	 payable.	 The	 management	 fee	 is	 deducted	 from	 the	 account	 before	 the
    account	assets	are	distributed	to	the	client.

    Oak	Grove’s	fees	are	separate	and	distinct	from	fees	and	expenses	that	may	be	imposed	by	any	broker
    dealer(s)	or	qualified	custodian(s),	where	the	account	may	be	held	or	where	transactions	are	executed,
    as	well	as	by	other	third	parties.	 Such	charges	include,	but	are	not	limited	to,	custodial	fees,	brokerage
    commissions,	transaction	fees,	markups/markdowns,	charges	imposed	directly	by	a	mutual	fund,	index
    fund,	 or	 exchange	 traded	 fund	 purchased	 for	 the	 account	 which	 shall	 be	 disclosed	 in	 the	 fund’s
    prospectus	(e.g.,	fund	management	fees	and	other	fund	expenses),	certain	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	exclusive	of	brokerage	commissions,	transaction	fees,
    and	other	related	costs	and	expenses,	which	are	incurred	by	the	client.

    Such	charges,	fees,	and	commissions	are	exclusive	of	and	in	addition	to	Oak	Grove’s	fee,	and	Oak	Grove
    does	not	receive	any	portion	of	these	commissions,	fees,	and	costs.

    Item	12	further	describes	the	factors	that	Oak	Grove	considers	in	selecting	or	recommending	broker-
    dealers	 for	 client	 transactions	 and	 determining	 the	 reasonableness	 of	 their	 compensation	 (e.g.,

    commissions).

Item	7	–	Types	of	Clients

    Oak	 Grove	 will	 offer	 portfolio	 management	 services	 to	 individuals,	 high	 net	 worth	 individuals,	 and
    business	entities.	 These	services	are	currently	offered	to	clients	solely	through	separately	managed
    accounts.

    Oak	Grove	generally	requires	a	minimum	investment	of	$1,000,000,	although	this	minimum	may	be
    waived	or	reduced	in	the	Firm’s	sole	discretion	based	on	individualized	negotiations	with	a	client	or
    potential	client.