Power Asset Management LLC

Item 5: Fees & Compensation

1 Please note that our method for computing the amount of “client assets we manage” can be different from the method for computing
“assets under management” required for Item 5.F in Part 1A of Form ADV. However, we have chosen to follow the method outlined for
Item 5.F in Part 1A of Form ADV. If we decide to use a different method at a later date to compute “client assets we manage,” we must keep
documentation describing the method we use and inform you of the change. The amount of assets we manage may be disclosed by rounding
to the nearest $100,000. Our “as of” date must not be more than three months before the date we last updated our Brochure in response
to Item 4.E of Form ADV Part 2A.

How We Are Compensated

Asset Management:

The fee for this service will be based on a percentage of Assets Under Management and shall not
exceed 60 bps for our Fixed Income Portfolios, or 1.00% for Equity Portfolios. Our fees are negotiable
and will be billed on a pro-rata annualized basis quarterly in advance based on the value of your
account on the last day of the previous quarter. Unless otherwise agreed to in writing, fees will be
assessed on cash and cash equivalents. Fees will generally be deducted from your managed account.
As part of this process, you understand and acknowledge the following:

   a) Your independent custodian sends statements at least quarterly to you showing the market
      values for each security included in the Assets and all disbursements in your account
      including the amount of the advisory fees paid to us;
   b) You provide authorization permitting us to be directly paid by these terms. We send our
      invoice directly to the custodian; and
   c) If we send a copy of our invoice to you, it will include a legend urging you to compare
      information provided in our statement with those from the qualified custodian.

When acting as a Sub-Adviser to an account for an Adviser, we are compensated by the Adviser for
our services rendered. This compensation, is typically equal to a percentage of the overall investment
advisory fee charged by the Adviser or an agreed upon fixed fee. The advisory fee paid to us shall be
negotiable in certain circumstances, but shall never exceed the overall amount in their published fee
statement. The terms and conditions under which the client shall engage the Adviser shall generally
be set forth in separate written agreements between the client and our firm and the client and the
designated Adviser.

Other Fees

Clients will incur transaction charges for trades executed in their accounts. These transaction fees
are separate from our fees and will be disclosed by the firm that the trades are executed through.
Charles Schwab & Co., Inc. (“Schwab”) does not charge transaction fees for U.S. listed equities and
exchange traded funds. Fidelity Brokerage Services (“Fidelity”) eliminated transaction fees for U.S.
listed equities and exchange traded funds for clients who opt into electronic delivery of statements
or maintain at least $1 million in assets at Fidelity. Clients who do not meet either criteria will be
subject to transaction fees charged by Fidelity for U.S. listed equities and exchange traded funds.

Also, clients will pay the following separately incurred expenses, which we do not receive any part
of: charges imposed directly by a mutual fund, index fund, or exchange traded fund which shall be
disclosed in the fund’s prospectus (i.e., fund management fees and other fund expenses).

Refunds Following Termination

We charge our advisory fees quarterly in advance. In the event that you wish to terminate our
services, we will refund the unearned portion of our advisory fee to you. You need to contact us in
writing and state that you wish to terminate our services. Upon receipt of your letter of termination,
we will proceed to close out your account and process a pro-rata refund of unearned advisory fees.

Commissionable Securities Sales

We do not sell securities for a commission. In order to sell securities for a commission, we would
need to have our associated persons registered with a broker-dealer. We have chosen not to do so.

Item 7: Types of Clients & Account Requirements

We have the following types of clients:
   • High Net Worth Individuals;
   • Corporations, limited liability companies and/or other business types.

Our requirements for opening and maintaining accounts or otherwise engaging us:
   • We require a minimum account balance of $500,000 for our asset management service.
       Generally, this minimum account balance requirement is not negotiable and would be
       required throughout the course of the client’s relationship with our firm.

Clients who opt into electronic delivery of statements or maintain at least $1 million in assets at
Fidelity will not be charged transaction fees for U.S. listed equities and exchange traded funds.