Waystone Advisors LLC

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the Advisor. Each
Client engaging the Advisor for services described herein shall be required to enter into one or more written agreements with
the Advisor.

A. Fees for Advisory Services
Investment Management Services
Investment advisory fees are typically paid quarterly in advance of each calendar quarter. For alternative investments (limited
partnerships) investment advisory fees are instead paid monthly or quarterly (“billing period”) at the end of each billing period,
pursuant to the terms of the investment advisory agreement. Investment advisory fees are based on the market value of assets
under management at the end of the prior calendar quarter. Investment advisory fees are based on the following schedule:

                  Assets Under Management ($)                     Annual Rate (%)

                  Up to $1,000,000                                          0.99%

                                                          Waystone Advisors LLC
                                                   9210 218th Ave NE, Redmond WA 98053
                                     Phone : (425) 484-0045 | Website: https://waystoneadvisors.com Page 6

                  Next $1,000,001 to $4,000,000                            0.85%

                  Next $4,000,001 and above                                0.50%

The investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to the end of the
first quarter. Fees may be negotiable at the sole discretion of the Advisor All securities held in accounts managed by Waystone
Advisors will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the Custodian’s
valuation to ensure accurate billing.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and other related
costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the Advisor shall not receive
any portion of these commissions, fees, and costs.

Use of Independent Managers
As noted in Item 4, the Advisor will implement all or a portion of a client’s investment portfolio utilizing one or more
Independent Managers. To eliminate any conflict of interest, the Advisor does not earn any compensation from an
Independent Manager. The Advisor will only earn its investment advisory fee as described above. Independent Managers
typically do not offer any fee discounts but may have a breakpoint schedule which will reduce the fee with an increased level
of assets placed under management with an Independent Manager. The terms of such fee arrangements are included in the
Independent Manager’s disclosure brochure and applicable contract[s] with the Independent Manager. The total blended fee,
including the Advisor’s fee and the Independent Manager’s fee, will not exceed 2.30% annually.

Use of TAMPs– As noted in Item 4, the Advisor may periodically recommend and refer Clients to a TAMP. For Client accounts
that are managed by a TAMP, the Client’s fee will be deducted from the Client’s account[s] by the TAMP, or Advisor consistent
with the fee schedule above. The Advisor does not earn any compensation from TAMPs and will only earn its investment
advisory fee as described above.

Financial Planning Services
Waystone Advisors offers financial planning services either on an hourly basis or a fixed engagement fee. Hourly fees range up
to $300 per hour. Fixed fee engagements are based on the expected number of hours to complete the engagement at the
Advisor’s hourly rate. Fees may be negotiable based on the nature and complexity of the services to be provided and the
overall relationship with the Advisor. An estimate for total hours and/or total costs will be provided to the Client prior to
engaging for these services.

B. Fee Billing
Investment Management Services Investment advisory fees are calculated by the Advisor or its delegate and deducted from the
Client’s account[s] at the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be
deducted from the Client’s account[s] at the beginning of the respective quarter. The amount due is calculated by applying the
quarterly rate (annual rate divided by 4) to the total assets under management with Waystone Advisors at the end of the prior
quarter. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting deduction of the investment
advisory fee. Clients are urged to also review and compare the statement provided by the Advisor to the brokerage statement
from the Custodian, as the Custodian does not perform a verification of fees. Clients provide written authorization permitting
advisory fees to be deducted by Waystone Advisors to be paid directly from their account[s] held by the Custodian as part of
the investment advisory agreement and separate account forms provided by the Custodian.

Use of Independent Managers
For Client accounts implemented through an Independent Manager, the Client’s overall fees may include Waystones
investment advisory fee (as noted above) plus investment management fees and/or platform fees charged by the Independent
Manager[s], as applicable. In certain instances, the Independent Manager or the
Advisor may assume responsibility for calculating the Client’s fees and deduct all fees from the Client’s account[s].

                                                         Waystone Advisors LLC
                                                  9210 218th Ave NE, Redmond WA 98053
                                    Phone : (425) 484-0045 | Website: https://waystoneadvisors.com Page 7

Financial Planning Services
Financial planning fees may be invoiced up to fifty percent (50%) of the expected total fee upon execution of the financial
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Item 7 – Types of Clients

Waystone Advisors offers investment advisory services to individuals, high net worth individuals, trusts, estates, and
businesses. Waystone Advisors generally does not impose a minimum relationship size. However, certain Independent
Managers may impose minimums.