Accuvest Global Advisors Inc

ITEM 5. FEES AND COMPENSATION
Compensation for Our Advisory Services

Institutional Asset Management:

                    Assets Under Management              Annual Percentage of Assets Charge
                    First $1,000,000                                 1.50%
                    Next $1,000,000 to $2,500,000                    1.25%
                    Next $2,500,000 to $5,000,000                    1.00%
                    Over $5,000,000                                  Negotiable

Retail Asset Management:

                    Assets Under Management              Annual Percentage of Assets Charge
                    First $1,000,000                                 2.00%
                    Over $1,000,000                                  Negotiable

ADV Part 2A – Firm Brochure                         Page 6                               Accuvest Global Advisors

Our firm’s fees are billed on a pro-rata annualized basis either quarterly in advance or quarterly in arrears
based on the value of your account on the last day of the previous quarter. Some clients elect to base fees
on the average daily balance of the account, quarterly in arrears. Fees, upon your election, can be
automatically deducted from your managed account or directly billed to clients and due within 15
business days of the date such a statement is rendered for payment. As part of this process, you
understand and acknowledge the following:

     g) Your independent custodian sends statements at least quarterly to you showing the market values
        for each security included in the Assets and all disbursements in your account including the
        amount of the advisory fees paid to us.
     h) You provide authorization permitting us to be directly paid by these terms. We send our invoice
        directly to the custodian; and
     i) If we send a copy of our invoice to you, it will include a legend urging you to compare information
        provided in our statement with those from the qualified custodian.

The billing procedures for Independent Money Managers vary based on the chosen third-party money
manager. The total fee to be charged, as well as the billing cycle, will be detailed in the Independent
Money Manager’s ADV Part 2A and separate advisory agreement to be signed by the client.

Sub-Advisory Service:

We are compensated by Primary Advisers for services rendered to their clients. This compensation is
typically, equal to a percentage of the overall investment advisory fee charged by the Primary Adviser or
an agreed upon fixed fee. The advisory fee paid to us shall be negotiable in certain circumstances but shall
never exceed the overall amount in the Primary Adviser’s published fee statement. In fact, under
circumstances where directed by the advisory firm, we may not charge clients a distinct sub-advisory
fee but rather be solely compensated by placing a client's assets into funds we manage, thereby receiving
the management fees we charge those funds. The terms and conditions under which the client shall
engage us shall generally be set forth in separate written agreements between the client and our firm and
the client and the Primary Adviser.

Consulting:

Consulting fees are charged on either a one-time or annual retainer fee basis. The total estimated fee, as
well as the ultimate fee that we charge you, is based on the scope and complexity of our engagement with
you and will be determined at the time of the engagement. Fees are directly billed to clients and due
within 15 business days of the date such a statement is rendered for payment.

Research:

We charge on an annual flat fee basis for research services. Fees are negotiable and are determined on a
case-by-case basis. The total estimated fee, as well as the ultimate fee that we charge you, is based on
the depth of analysis desired by the client. Fees are directly billed to clients and due within 15 business
days of the date such a statement is rendered for payment.

Private Fund:

AGA, in its role as investment manager to the private fund Mosaic Energy 1, LLC, currently does
not charge any fees in connection to its advisement of the Private Fund, but reserves the right to
charge a fee if it chooses at a later time. These fees may range from 0.25% to 1.50% (25 to 150
basis points) of the fund assets.
ADV Part 2A – Firm Brochure                      Page 7                                 Accuvest Global Advisors

Other Types of Fees & Expenses

Clients will incur transaction charges for trades executed in their accounts. These transaction fees are
separate from our fees and will be disclosed by the firm trades are executed through. Also, clients will pay
the following separately incurred expenses, of which we do not receive any part: charges imposed directly
by a mutual fund, index fund, or exchange traded fund which shall be disclosed in the fund’s prospectus
(i.e., fund management fees and other fund expenses).

Termination & Refunds

For clients billed quarterly in advance, either party may terminate the advisory agreement signed with our
firm for Asset Management in writing at any time. Upon notice of termination our firm will process a pro-
rata refund of the unearned portion of the advisory fees charged in advance at the beginning of the
quarter.

For clients billed quarterly in arrears, either party may terminate the advisory agreement signed with our
firm for Asset Management service in writing at any time. Upon notice of termination pro-rata advisory
fees for services rendered to the point of termination will be charged. If advisory fees cannot be
deducted, our firm will send an invoice for due advisory fees to the client.

Commissionable Securities Sales

Our firm and representatives do not sell securities for a commission in advisory accounts.