Silver Lake Advisory LLC

Item 5- Fees and Compensation

A. Description

SLA is compensated solely by fees paid by its clients and does not accept commissions
or compensation from any other source. Fees are based on a percentage of assets
under management pursuant to the following schedule:
1.0% of equity assets up to $5 million in assets, except for charitable organizations.
0.8% for equity assets over $5 million, except for charitable organizations.
0.6% of equity assets up to $5 million in assets for charitable organizations.
0.45% of assets over $5 million in assets for charitable organizations.
0.50% of mutual funds and exchange traded funds
0.35% of fixed income which may be a mix of corporate bonds and municipal bonds
0.00% of cash, money market funds, and treasuries
100% of compensation is from investment supervisory services. 0% from financial
planning services.

Fees are negotiable. SLA may modify fees in SLA’s sole discretion, on a client by client
basis. Such modifications may be a discount or waiver from the published schedule. Such
modifications may include discounts or waivers offered on different asset classes such as
equities vs. fixed income vs. exchange traded funds. These modifications can be based
on the investment advisor representative providing the services, the total amount of
assets under management, the complexity of the client’s situation, the composition of the
client’s account (i.e., equities vs. fixed income vs. exchange traded funds vs. mutual
funds), pre-existing holdings, potential for additional deposits, the relationship of the client
with the investment advisor representative, and other factors.

Fee waivers or discounts may be offered to family members and friends of access people,
investment advisor representatives, and associated persons of SLA which are not
available to all clients. Certain pre-existing clients of SLA may have grandfathered
services, and fee schedules which were available at the time such pre-existing clients
entered into investment advisory relationships with SLA which may not be currently
available to clients.

SLA combines and aggregates related household accounts for fee calculation and
minimum annual fee purposes. For these reasons, fees may vary among clients who may
be in similar circumstances, and they may be lower than the published schedule. Details
of the investment advisory fee charged are fully described in the advisory agreement
entered into with each client.

Fees are fully disclosed on each quarterly invoice. Clients are reminded to contact SLA if
they have any questions or concerns.

B. Fee Billing and Payment

Investment management fees are billed quarterly, in arrears, meaning that SLA invoices
clients after the three-month billing period has ended. Payment in full is expected upon
invoice presentation. Fees can be paid as follows:
         1. Fees are usually deducted from an account designated by the client to
facilitate billing. The client must consent in advance in writing to direct debiting of the
selected account. Management fees debited during the calendar year are stated on
1099’s as provided by Schwab.
      2. Fees can be debited directly from retirement accounts. The client must
consent in advance in writing to direct debiting of the selected retirement account. We
encourage clients to discuss any tax implications with their accountant.
      3. Some clients prefer to be billed directly and pay by check with no debits from
an account.
As a new client, no fee is billed for the first billing period. The second billing period is
billed at 1/3 the calculated rate. The third billing period is billed at 2/3 the calculated
rate. The fourth billing period and subsequent bills will reflect the full calculated rate.

For fees debited from accounts, SLA will notify Schwab of the amount of the fee due
and payable to SLA pursuant to the advisory agreement with the Client. Schwab does
not validate or check SLA’s fees, its corresponding calculations or the assets on which
the fee is based. With the client’s written pre-approval, Schwab will deduct the fee from
the designated account.

Valuations for reporting and billing are based on the values reported by Schwab and
reconciled with our portfolio reporting software, Portfolio Center.

C. Additional Fees and Expenses

All fees paid to SLA for investment advisory services are separate and distinct from the
fees and expenses charged by mutual funds, exchange traded funds (“ETF’s”), and
money funds. These fees and expenses are described in each fund’s prospectus. These
fees will generally include a management fee, other fund expenses, and a possible
distribution fee. If a portfolio holds mutual funds, exchange traded funds, or money market
funds, the client may be paying two fees for the management of those assets, one to SLA
and one to the manager of the mutual fund, exchange traded fund, or money market fund.
Accordingly, the client should review both the fees charged by the funds and the fees
charged by SLA to fully understand the total amount of fees to be paid by the client and
to thereby evaluate the advisory services being provided.

Schwab does not charge for custodial services. Clients no longer incur transaction costs
with Schwab.

     I. Equity trades
             Trades are commission free.

      II. Exchange Traded Funds

             Exchange Traded Funds participating in Schwab ETF OneSource that are
             traded through electronic channels are commission-free.

      III. Mutual Funds

             Mutual Funds participating in Schwab Mutual Fund OneSource that are
             traded through electronic channels are commission-free. SLA does not
             transact in Mutual Funds that have either front-end or back-end
             commissions.

      IV. Fixed Income trades

             Electronic transactions for Treasuries, Notes, Bonds and TIPS have no fee.
             Municipal Bonds: A markup is included in the price with Schwab acting as
...

Item 7- Types of Clients

A. SLA Clients

SLA provides portfolio management services to individuals, high net worth individuals,
families, charitable institutions, foundations, endowments, and other business entities.
Clients have many different account types, such as individual, joint, IRA’s, ROTH’s,
Trusts, 401K’s, and more. With Schwab, SLA can accommodate most account types.

Many clients are at or near retirement with assets accumulated throughout their working
career, divorced with large settlements, or beneficiaries of an inheritance. For these
clients, SLA’s focus is primarily on generating income in portfolios to be available in the
present or in the future based on client needs.

SLA also has many second and third generation clients. SLA works closely with these
clients to help develop their goals, objectives, and risk tolerances.

SLA also handles small family foundations and endowment funds for charitable
organizations.

B. Engaging the Services of SLA

All clients wishing to engage SLA for investment advisory services are asked to sign the
investment advisory agreement as well as any other documents or questionnaires
provided by SLA. The investment advisory agreement describes the services and
responsibilities of SLA to the client. It also outlines SLA’s fee in detail. In addition, clients
must complete Schwab’s paperwork. Upon completion of all these documents, SLA will
be considered engaged by the client. Clients are reminded each quarter and are
responsible for ensuring that SLA is informed in a timely manner of changes in their
investment objectives and risk tolerance.
Clients seeking only financial planning services, though there are no fees, are asked to
sign an agreement outlining the relationship. If a financial planning client becomes an
investment management client, the client will be asked to sign the investment agreement.

SLA views protecting its clients' private information as a top priority and has instituted
physical, electronic, and procedural safeguards to ensure that client information is private

and secure. SLA does not disclose any nonpublic personal information about its clients
or former clients to any nonaffiliated third parties, except as permitted or required by law.
In the course of servicing a client's account, SLA may share some information with its
service providers, such as transfer agents, custodians, and broker-dealers. Information
shared with the client’s accountants, lawyers, other professionals, and family members
is done only with the express approval of the client.

SLA restricts internal access to nonpublic personal information about the client to only
access people who need that information in order to provide services to the client and to
perform administrative functions for SLA. As emphasized above, it has always been and
will always be SLA's policy never to sell information about current or former clients or their
accounts to anyone. SLA’s Privacy Notice is offered to clients annually.

C. Vulnerable Clients

When establishing a new investment advisory Client relationship or meeting with an
existing investment advisory Client, SLA offers Clients the opportunity to designate in
writing an individual who will serve as a Trusted Contact Person (“TCP”). This would
authorize SLA or Schwab to contact such Trusted Contact Person in the event of unusual
activity by the Client, any warning signs of elder abuse of Client and/or the inability to
contact such Client in a timely manner. For a new Client, designating a TCP is part of a
new account application. SLA encourages all Clients to designate a Trusted Contact
Person and update as appropriate. Such person will not be able to view account
information, execute transactions or inquire about account activity. Only the client has the
ability to add, update, or remove such person for the client’s account.

For client’s protection, in the event that SLA or Schwab suspects, now or in the future,
elder abuse, financial exploitation, or a cognitive issue, we may, at our sole discretion,
freeze a client’s account(s) until such time that the client’s guardian, attorney-in-fact,
other authorized representative, executor, or trustee, or trusted contact person has
been contacted to address this concern. During this time, no new recommendations or
portfolio rebalancing will occur.

D. Account Minimums

SLA does not have a minimum account size.