Oaktree Advisors LLC

Item 5:        Fees and Compensation

       A. Fees Charged

       Asset Management

       All investment management clients will be required to execute an Investment Management Agreement that
       will describe the type of management services to be provided and the fees, among other items. Financial
       planning fees are included with asset management services. Generally, fees vary from .25% to 1.25% per
       annum of the net value of a client’s accounts managed by Oaktree Advisors. The fee range stated is a guide.
       Fees are negotiable, and may be higher or lower than this range, based on the nature of the account. Factors
       affecting fee percentages include the size of the account, complexity of asset structures, and other factors.
       Please note that same or similar services may be available for a lower cost from other investment advisers.
       Fee schedule is as follows:

                                            Stand Alone Asset Management

                           Assets Under Management             Annual Rate

                           Up to $300,000                      1.25%

                           $300,001 to $10,000,000             1.00%

                           $10,000,000 and greater             negotiable

       Trusts are administered by third party trust companies, who may collect an additional administration fee.

                                            Trust Services Fee Schedule

                           Assets Under Management            Annual Rate

                           $400,000 - $750,000                1.5%

                           $750,000-$1,000,000                1.4%

                           $1,000,000 - $5,000,000            1.25%
                           $5,000,000 and greater             negotiable

OAKTREE ADVISORS LLC                                                                                               5

       B. Fee Payment

       Asset Management

       Asset management fees will generally be debited directly from each client’s account. As of the date of this
       brochure, the advisory fees may be paid monthly or quarterly, in advance, and the value used for the fee
       calculation is the net asset values as of the last market day of the previous period (month or quarter). This
       means that if your annual fee is 1.00%, then each month or quarter we will multiply the value of your account
       by 1.00% then divide by 12 monthly or 4 for quarterly to calculate our fee.

       For all asset management clients, the value used to calculate Oaktree’s fee will include any allocation to cash
       or cash-like instruments, such as money market funds or accounts, of the client’s investable assets. Investable
       cash means cash that is in client account as an asset allocation. Cash that is not in investable cash is cash that
       has been identified by the client as designated for a specific purpose. Once the calculation is made, we will
       instruct your account custodian to deduct the fee from your account and remit it to Oaktree Advisors.

       Clients whose fees are directly debited will provide written authorization to debit advisory fees from their
       accounts held by a qualified custodian chosen by the client. Each month or quarter, clients will receive a bill
       itemizing the fees to be debited, including the formula used to calculate the fee, the amount of assets the fee
       is based, and the time period covered by the fee. The invoice will also state that the fee was not independently
       calculated by the custodian. The client will also receive a statement from their account custodian showing
       all transactions in their account, including the fee.

       C. Other Fees

       There are a number of other fees that can be associated with holding and investing in securities. You will be
       responsible for fees including transaction fees for the purchase or sale of a mutual fund or Exchange Traded
       Fund, or commissions for the purchase or sale of a stock. Expenses of a fund will not be included in
       management fees, as they are deducted from the value of the shares by the mutual fund manager. For
       complete discussion of expenses related to each mutual fund, you should read a copy of the prospectus issued
       by that fund. Oaktree Advisors can provide or direct you to a copy of the prospectus for any fund that we
       recommend to you.

       Please make sure to read Item 12 of this informational brochure, where we discuss broker-dealer and custodial
       issues.

       D. Pro-rata Fees

       If you become a client during a billing cycle (i.e. monthly for Trust Service Clients or quarterly for stand-
       alone asset management), you will pay a management fee for the number of days left in that cycle. You may
       terminate the Investment Management Agreement by providing written notice to Oaktree Advisors. If you
       terminate our relationship during a quarter, you will be refunded the portion of the prepaid management fee
       for the remainder of the cycle. Once your notice of termination is received, we will charge the fee through
       the date of transfer of your assets. Oaktree will cease to perform services, including processing trades and

OAKTREE ADVISORS LLC                                                                                                 6

       distributions, upon termination. Assets not transferred from terminated accounts within 30 (thirty) days of
       termination may be “de-linked”, meaning they will no longer be visible to Oaktree and will become a retail
       account with the custodian.

       E. Compensation for the Sale of Securities

       To permit Oaktree Advisors clients to have access to as many investment solutions as possible, certain
       professionals of Oaktree Advisors are registered representatives of Madison Avenue Securities, LLC, a
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Item 7:        Types of Clients

       Clients advised may include individuals, families, retirement accounts, trusts, foundations, and corporations.
       Oaktree Advisors requires each client seeking investment management services to place at least $500,000
       with us. We may waive this account minimum under certain circumstances, in our discretion.