Sam Advisors LLC

Item 5       Fees and Compensation

                          PORTFOLIO MANAGEMENT SERVICES FEES

The annualized fee for Portfolio Management Services will be charged as a percentage of assets
under management, according to the following schedule:

                    Assets Under Management                               Annualized Fee
               $0         to    $      250,000                                1.00%
               The next         $     500,000                                 0.65%
               The next         $ 1,000,000                                   0.55%
               The next         $ 5,000,000                                   0.45%
               The next         $10,000,000                                   0.35%

A minimum of $5,000 of assets under management per client is required for this service. We may use
Charles Schwab’s Intelligent Portfolios for any client with under $10,000 in investable assets. This
account size may be negotiable under certain circumstances. Sierra Asset Management may group
certain related client accounts for the purposes of achieving the minimum account size and
determining the annualized fee. SAM's advisory fees are not negotiable. SAM has proprietary
accounts for employees or related parties that are not subject to management fees. The client will
be billed quarterly in arrears based on actual value of managed assets on the last trading day of
the prior quarter.

For assets held at a custodian that is not directly accessible by our firm (“Held Away Accounts”), we
may, but are not required to, manage these Held Away Accounts using the Pontera Order
Management System (“Pontera”) that allows our firm to view and manage assets. Our annual fee for
asset management services for held away accounts is equal to 0.5% of the market value of assets
under management. Our annual fee for asset management services is negotiable, depending on
individual client circumstances.

Our advisory fees will not be deducted directly from the accounts managed through the Pontera Order
Management System (“Pontera”); those fees will be assigned to the clients taxable accounts billed
quarterly in arrears. If the client does not have a taxable account, those fees will be billed directly to
the client.

Pontera charges SAM 0.25% of the market value annually for each managed account. Clients do not
pay any additional fee to Pontera or to SAM in connection with platform participation. SAM is not
affiliated with the Pontera platform in any way and receives no compensation from them for using their
platform.

                                   FINANCIAL PLANNING FEES

SAM's Financial Planning fee will be determined based on the nature of the services being
provided and the complexity of each client’s circumstances. All fees are agreed upon prior to
entering into a contract with any client.

Our Financial Planning fees are calculated and charged on an hourly basis, ranging from $180.00 to
$250.00 per hour. Although the length of time it will take to provide a Financial Plan will depend
on each client's personal situation, we will provide an estimate for the total hours at the start of the
advisory relationship. The client will be billed quarterly in arrears based on actual hours accrued.

                                 CONSULTING SERVICES FEES

SAM's Consulting Services fee will be determined based on the nature of the services being
provided and the complexity of each client’s circumstances. All fees are agreed upon prior to entering
into a contract with any client. Our Consulting Services fees are calculated and charged on an
hourly basis, ranging from $180.00 to $250.00 per hour. An estimate for the total hours is
determined at the start of the advisory relationship. The client will be billed quarterly in arrears
based on actual hours accrued.

                                    GENERAL INFORMATION

Termination of the Advisory Relationship: A client may terminate our agreement within five
business days from the date that it was first signed, without any fee. After five business days, our
agreement may be canceled at any time, by either party, for any reason upon receipt of 30 days
written notice. This notice shall not affect actions taken by SAM in the client's account prior to
such notice. Upon termination of our agreement, SAM will have no obligation to make
recommendations or to take any action in the client's account.

Mutual Fund Fees: All fees paid to SAM for investment advisory services are separate and distinct
from the fees and expenses charged by mutual funds and/or ETFs to their shareholders. These fees
and expenses are described in each fund's prospectus. These fees will generally include a
management fee and other fund expenses. A client could invest in a mutual fund directly, without
our services. In that case, the client would not receive the services provided by our firm which are
designed, among other things, to assist the client in determining which mutual fund or funds are most
appropriate to each client's financial condition and objectives. Accordingly, the client should review
both the fees charged by the funds and our fees to fully understand the total amount of fees to be
paid by the client and to thereby evaluate the advisory services being provided.

Additional Fees and Expenses: In addition to our advisory fees, clients are also responsible for the
fees and expenses charged by custodians and imposed by broker dealers, including, but not limited
to, any transaction charges imposed by a broker dealer with which an independent investment
manager affects transactions for the client's account(s). Please refer to the "Brokerage Practices"
section (Item 12) of this Form ADV for additional information.

Grandfathering of Minimum Account Requirements: Pre-existing advisory clients are subject
to SAM's minimum account requirements and advisory fees in effect at the time the client entered
...

Item 7      Types of Clients

SAM provides advisory services to the following types of clients:

• Individuals (other than high net worth individuals)

• High net worth individuals

• Pension and profit-sharing plans (other than plan participants)

• Charitable organizations

• Corporations or other businesses not listed above

• Trusts

• Others