HMS Capital Management, LLC (hereinafter, “HMSCM”, “HMS Capital”, “HMS”, “HMS Investment Advisors, we, us, our, ours) is a Limited Liability Company organized under the laws of the state of Tennessee. Angela Robinson, Dana Moore Brisendine, and George Stadler founded the Nashville -based investment advisory firm in 2009 and are the principal owners. HMS Capital is registered with the SEC and notice filed in all appropriate states. Investment Management Services Through discussions, interviews and/or client questionnaires, we assist you in determining your investment goals and identifying your risk tolerance levels. We work with you to develop a detailed client profile to determine an appropriate investment model for you. We currently have eight different investment models that use a mix of domestic and foreign equities, fixed income securities, mutual funds, exchange traded funds and other suitable investment vehicles. We directly manage all portfolios. The seven different investment models are: ➢ Focus 20 - portable alpha portfolio of multi-capitalization growth stocks ➢ Equity Income – portable alpha portfolio of large cap dividend producing stocks ➢ Innovators – multi capitalization aggressive growth portfolio ➢ Mid Cap Growth – medium capitalization aggressive growth portfolio ➢ Core Growth – aggressive portfolio of large capitalization growth and value stocks ➢ Aggressive Growth – aggressive portfolio of stocks, ETFs and mutual funds ➢ Balanced Growth – balanced portfolio of stocks, bonds, mutual funds and ETFs ➢ Conservative Growth – income oriented portfolio of stocks, bonds, mutual funds, ETFs and covered call positions ➢ Tactical Hedge – is a portfolio overlay that can be used to help mitigate risk in the client’s portfolio. This overlay utilizes protective puts and speculative calls and can be added to any equity strategy. We will rebalance and/or reallocate your portfolio at least annually. We may rebalance more frequently at our discretion should market conditions dictate. You are advised that transactions in the account, account reallocations and rebalancing may trigger a taxable event for you, with the exception of IRA accounts, 403(b) accounts and other qualified retirement accounts. In addition to direct portfolio management, we can consult with you on assets not managed by us. Your entire investment portfolio can be analyzed (at least annually) to evaluate the appropriateness of the overall asset allocation and the portion managed by HMS in light of this. Additional, aggregation software fees may apply but will be disclosed to you before any work is completed.
3 | P a g e Financial Consulting Services a. We act as a financial adviser to you to provide education and strategic recommendations on the following: General Wealth Education b. Investing to meet long term goals c. Budgeting d. Estate planning consultation e. Insurance consultation f. Risk Management and Asset Protection g. Tax Plan Review Other advise as needed Fees for Financial Consulting Services are charged on an hourly basis at $350/hr. with a four hour minimum Client may choose to hire HMS to provide financial planning at a rate of $350 hour with a maximum fee of $6,000 for financial planning. In addition to these services, HMS also provides Family Wealth Advisor Services (Family Office). Family Wealth Advisor Services (Family Office) Through Family Wealth Advisor Services, HMS provides the client with education, advice on wealth related topics, and strategic recommendations. Family Wealth Advisor Services includes the following: ➢ Serve as the family's Gate Keeper or "Go-To" advisor ➢ Develop a plan for the family to make sure they reach their wealth goals ➢ Design and implement a wealth plan with the family's estate attorney and tax professionals ➢ Assist with the selection of a Corporate or Individual Trustee for the family ➢ Provide financial education on a wide range of topics ➢ Work with the next generation to develop the plan to reach their financial goals ➢ Negotiate and facilitate personal and business banking relationships with several local, regional and national banks ➢ Provide consolidated performance reporting so the family can see all the accounts in one place ➢ Identify and implement risk management programs for the family ➢ Cash Flow Management & Budgeting ➢ Coordinate Income and Retirement & Social Security Income Planning ➢ Assist with Long Term Care Planning ➢ Provide Asset Allocation Oversight ➢ Provide Investment Oversight ➢ Review Insurance Needs The minimum fee charged by HMS Capital Management, LLC for Family Wealth Advisor Services (Family Office) is $25,000/year. This represents 72 hours of Family Wealth Advisory Services. Additional monthly hours can be purchased. Fees

& Compensation 4 | P a g e Needs and Restrictions In managing your investment portfolio, we consider your: ➢ financial situation, ➢ risk tolerance, ➢ investment horizon, ➢ liquidity needs, ➢ tax considerations, ➢ investment objectives, and ➢ any other issues important to your state of affairs. You should notify us promptly if there are any changes in your financial situation or investment objectives or if you wish to impose any reasonable restrictions upon the management of your account. Investment Management Services Fees Equity Accounts and Balanced Accounts Account (s)AUM/AUA Advisory Fee $0 to $1,000,000 2.00% $1,000,001 to $10,000,000 1.50% $10,000,001 to $20,000,000 1.25% Over $20,000,001 1.00% Fixed Income Only Accounts Account(s) AUM/AUA Advisory Fee $0 to $5,000,000 1.50% $5,000,001 to $10,000,000 1.00% $10,000,001 to $20,000,000 0.75% Over $20,000,001 0.50% All fees are negotiable at our sole discretion. Payment Methods and Other Charges For Investment Management Services, you must authorize us in writing to have the custodian/ broker-dealer pay us directly by charging your account. This authorization We offer fee-only services based upon the value of the assets in your portfolio. Broker- dealers and other financial institutions that hold client accounts are referred to as custodians (“custodian/ broker-dealer”). Your custodian determines the values of the assets in your portfolio. Our advisory agreement gives us the authority to change the amount of fees with thirty (30) days with advance written notice. At which time you will be asked to sign a new fee schedule, or you may choose to close the account. Assets Under Management As of December 31, 2023, we manage. $228,806,676 million in assets and have 363 client accounts we manage on a discretionary basis where we make all of the investment decisions. We have 2 legacy client accounts with approximately $ $1,388,047 million in assets that we manage on a non-discretionary basis. All new accounts are only accepted on a discretionary basis. We have $48,913,152 in assets under advisement. 5 | P a g e is typically provided in our advisory agreement and/or in the limited power of attorney section of the custodian’s new account forms. Fees for the initial month will be adjusted pro-rata based upon the number of days in the month that the advisory agreement is in effect. The fees are charged in arrears on a monthly basis and are based upon the value of the assets as of the month end. Fees will be adjusted for deposits or withdrawals to the account during the billing period. Your custodian also provides you with statements that show the amount paid directly to us. You should review your custodian’s statement and verify that the proper amount has been deducted. Your custodian does not typically verify the accuracy of fee calculations. Fees for Financial Consulting Services are billed as described above with the balance billed to you monthly based upon the hours completed. If more hours are requested then details of how and when all payments are to be made will be included in your advisory agreement for these services. In addition to our fee, you may be required to pay other charges such as: ➢ custodial fees, ➢ brokerage commissions, ➢ transaction fees, ➢ internal fees and expenses charged by mutual funds or exchange traded funds (“ETFs”), and ➢ other fees and taxes on brokerage accounts and securities transactions. ➢ aggregation software fees None of these fees are paid to, or are shared with, us. Mutual fund companies, ETFs, and variable annuity issuers charge internal fees and expenses for their products. These fees and expenses are in addition to any advisory fees charged by us. Complete details of these internal fees and expenses are explained in the prospectuses for each investment. You are strongly encouraged to read these explanations before investing any money. You may ask us any questions you have about fees and expenses. If you purchase mutual funds through the custodian/broker-dealer, you may pay a transaction fee that would not be charged if the transactions were made directly through the mutual fund company. Also, mutual funds held in accounts at brokerage firms may pay internal fees that are different from funds held at the mutual fund company. While you may purchase shares of mutual funds directly from the mutual fund company without a transaction fee, those investments would not be part of our advisory relationship with you. This means that they would not be included in our investment strategies, investment performance monitoring, or portfolio reallocations. Please be sure to read the section entitled