Private Lane Capital LLC

Item 5. FEES AND COMPENSATION
Private Lane Capital, LLC’s sole source of compensation is investment advisory fees based on a
percentage of assets under management, as described below:

               Account Size                              Annual Fee

               First $250,000 to $500,000                      2.00%

               $500,001 to $2,000,000                          1.25%

               $2,000,001 to $5,000,000                        1.00%

               Over $5,000,000                                 0.75%

      Fees are based on the market value of assets under management, including cash and cash
       equivalents, as of the date of calculation.
     Accounts under $500,000 are generally charged a fee of 2.00%.

     For clients with segregated custodial accounts invested solely in fixed income securities,
      a fee of 0.30% may be charged.
     Private placement securities that are restricted as to resale are subject to an additional fee
      of 1.25%, based on the capital invested or the most recent valuation, whichever is lower.
     When a client maintains multiple accounts with the Firm, those accounts may be aggre-
      gated for purposes of fee calculation.
     There is no minimum account size for active duty or retired military personnel, and such
      clients may receive reduced or waived fees, including a 0% fee on the first $250,000 in
      assets.
     Fees are negotiable at the Firm’s discretion based on factors such as account size, rela-
      tionship scope, and other relevant considerations.

Billing Practices
Advisory fees are generally billed quarterly in advance, based on the value of assets under
management at the beginning of the billing period. In certain cases, such as institutional relation-
ships, fees may be billed in arrears as agreed upon in writing.
Clients are invoiced directly for advisory fees. The Firm does not deduct fees from client ac-
counts.
Either the Firm or the client may terminate the advisory relationship upon 30 days’ written no-
tice. Upon termination, any prepaid fees will be refunded on a pro rata basis.

Additional Fees and Expenses
In addition to the Firm’s advisory fees, clients may incur other fees and expenses associated with
their accounts, including but not limited to:
      Custodial fees
      Brokerage commissions or transaction charges
      Exchange fees
      Mutual fund or ETF expenses
      Other fees associated with securities transactions
These fees are not paid to the Firm.
Clients should be aware that investments in mutual funds, exchange-traded funds, or other
pooled investment vehicles involve additional advisory or management fees charged by the
managers of those investments. As a result, clients may incur multiple layers of fees.

Compensation Disclosure
The Firm does not receive compensation for the sale of securities or other investment products
and does not receive commissions, referral fees, or other third-party compensation in connection
with its advisory services.We bill our investment advisory fees on a calendar quarterly basis.

Clients must pay these fees in advance of services rendered, except that larger institutional ac-
counts may pay in arrears for services rendered, depending on contractual agreement. Contract
terminations can occur at the option of us or the client and are generally effective upon receipt of
30 days’ written notice. In the event of termination, prepaid fees are refundable on a pro rata ba-
sis.

Item 7. TYPES OF CLIENTS
Our current clients include high net-worth individuals, families and profit-sharing plans; but we
will accept corporations or other business entities; charitable organizations; trusts and estates.

We require a $500,000 minimum for opening and maintaining an account. We will accept
smaller asset amounts where the sum of the related accounts exceeds our stated minimum. There
is no minimum account balance for active duty and retired military personnel.