A. Services under the Wrap Fee Program The True North Wrap Fee Program is an advisory program (the "Program") sponsored by TNF LLC dba True North Financial ("True North" or "the Firm"). True North is registered as an investment adviser with the Securities and Exchange Commission ("SEC") under the Investment Advisers Act of 1940, as amended, and is a Montana limited liability company. The Program is a "wrap fee" program which provides wrap program clients with investment management, brokerage execution services, along with account reporting and custodial services, for one all-inclusive annual fee. True North serves as the Program's sponsor and investment manager and utilizes C h a r l e s S c h w a b & C o . , I n c . ("SCHWAB"), a registered broker-dealer and member of SIPC, to provide custodian and brokerage services. Under the Program, True North generally provides investment management services on a discretionary basis. For discretionary services, True North has the authority to act regarding investment and trading decisions in the client's account(s) without first contacting the client. However, should a client request, True North will provide investment management services on a non-discretionary basis. This means that True North will discuss all investment recommendations with the client and obtain approval prior to placing any transaction in the account. True North directly manages each client's account(s) pursuant to the Investment Management Agreement entered into with True North, and each client's overall financial and investment goals and objectives. At account opening, clients provide the Firm with information, such as: age, financial condition, employment status, investment objectives, risk tolerance, time horizon, and any reasonable investment restrictions. Based on this information, the Firm will tailor a portfolio utilizing stocks, bonds, mutual funds, and/or exchange-traded funds that targets the client's investment needs and goals. Because some types of investments involve varying degrees of risk, investments will only be implemented/recommended when believed suitable and consistent with the client's stated investment objectives. Investments made are based on the client's financial situation at the time the services are provided, as disclosed by the client. If the client experiences any changes to their financial or personal circumstances, it is the client's responsibility to timely notify the Firm so that such information can be used in managing the client's portfolio. In addition, True North does not assume any responsibility for the accuracy of the information provided by clients. Clients are advised that certain assumptions can be made with respect to interest and inflation rates and past trends and performance of the market and economy. Past performance is in no way an indication of future performance. True North's adviser representatives are available at any time to consult with Program clients, and they will periodically (at least annually) contact Program clients to discuss whether there have been any changes to a client's overall financial situation or investment objectives. B. Fees True North's Program fee is based upon a percentage of assets under management (including cash and cash equivalents) using an average daily balance method, calculated, and assessed and billed monthly, in arrears. The average daily balance for each account is determined by calculating the

total dollar value for every calendar day during the previous month. All account balances for the previous month are then added together and divided by the number of days in the month. The fee for the upcoming period is then calculated by multiplying the average daily balance of the account by a maximum annual percentage of 1.75%. For purposes of calculating assets under management only, the value of a client's account(s) may be aggregated with the account values of a client's spouse, parent, child, partner, or sibling (collectively, a "household'). Clients are required to notify True North of any such household relationships. Program fess will be automatically deducted from a client's account by the custodian as soon as practicable for each billing period. Should a client open an account during a month, the Firm's Program fee will be prorated based on the number of days the account will be open during the month. In the event True North's services are terminated mid-month, any paid, unearned fees will be refunded to the client, while any unpaid fees will be due and payable to True North. The number of days the account was managed during the month until termination is used to determine the percentage of the management fee earned (based on the total number of days in the month). Program fees are negotiable in the sole discretion of True North and fee arrangements with any particular client can differ from those with other clients. In addition, for family and friends of the Firm, True North, in its sole discretion, can reduce or waive management fees in their entirety. Although the Firm believes its fees are competitive, clients are advised that lower fees for comparable services could be available from other sources. As True North absorbs certain transaction costs in wrap fee accounts, True North can have a financial incentive not to place transaction orders in those accounts since doing so increases its transaction costs. Thus, an incentive exists to place trades less frequently in a wrap fee arrangement, which creates a conflict of interest Importantly, True North serves as a fiduciary to its clients and has a duty to always put the clients' best interest ahead of its own. In addition, to help address this conflict, True North performs various reviews to help ensure that clients' accounts are being managed in line with stated investment objectives and guidelines and all trading remains suitable for the clients. C. Additional Fees Clients should understand that the fees described above do not include certain charges imposed by third parties such as charges imposed directly by a mutual fund or ETF in the account, which shall be disclosed in the fund's prospectus (e.g., fund management fees and other fund expenses), deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts. Clients should further understand that such charges and fees incurred in connection with transactions for a client's account will be paid out of the assets in the account and are exclusive of and in addition to the Program fees charged by True North. To the extent that cash used by clients to fund their Program accounts comes from redemptions of mutual fund shares, ETFs, or other investments outside of the Program, there can be tax consequences or additional costs from sales charges previously paid and redemption fees incurred.