Alexis Investment Partners LLC

Item 5: Fees and Compensation
 We offer our services on a fee-only basis. Fees are charged in advance. Our fee is calculated based upon the market
 value of the assets in your account on the last day of the previous month.

 Management Fees:

        Unless specified below, management fees are based on the following fee schedule:

                     Assets under Management                          Annual Management Fee
                         $0 to $1,000,000                                     0.85%
                     $1,000,001 to $3,000,000                                 0.75%
                     $3,000,001 to $5,000,000                                 0.65%
                            >$5 million                                       0.50%

         Assets under Management are calculated at a Household level, as agreed. As each tier is achieved, that fee is assessed
back to the first dollar.

Management Fees for Qualified Plans:

 AIP’s management fees for qualified plans are individually negotiated per plan. A minimum annual fee of $1,200 is charged
 per plan.

 Our management fee is negotiable, at the sole discretion of AIP, taking into account the specific needs of each
 client. Client fees are payable monthly, in advance, based on assets under management. Minimum fees may apply.

 Financial planning services may be included as a component of a personal wealth management relationship.
 Financial planning may also be provided for a pre-negotiated fixed fee.

 AIP does not charge an additional introductory or management fee based on account AUM for its model services.
 AIP will receive a management fee on its proprietary ETF (Alexis Practical Tactical ETF, Ticker: LEXI) as described
 in the prospectus.

 Broker-dealers and other financial institutions that hold client accounts are referred to as custodians (“custodian/
 broker-dealer”). Your custodian/broker-dealer determines the values of the assets in your portfolio.

 Fees for the initial period are based on the value of your cash and securities on the date the custodian/broker-dealer

receives them and are prorated based upon the number of calendar days in the month that our agreement is in effect.

General Fee Information

You must authorize us in writing to have the custodian pay us directly by charging your account. Fees are deducted
monthly based upon your advisory agreement with us.

Your custodian/broker-dealer provides you with statements that show the amount paid directly to us. You should
review and verify the calculation of our fees. Your custodian/broker-dealer does not verify the accuracy of fee
calculations.

In addition to our fee, you may be required to pay other charges such as: custodial fees, brokerage commissions,
transaction fees, SEC 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.

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 prospectus 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 “Brokerage Practices,” which follows later in this brochure.

Advisory fees are charged in advance on a monthly basis. Should you terminate the advisory agreement we have entered
into within five (5) business days from the date the agreement is executed, you will receive a full refund of any fees paid.

Should either one of us terminate the advisory agreement we have entered into before the end of a billing period, any
unearned fees that were deducted from your account will be returned to you by us. The amount refunded to you is
calculated by dividing the most recent advisory fee you paid by the total number of days in the month. This daily fee is
then multiplied by the number of calendar days in the month that our agreement was in effect. This amount, which equals
the amount we earned for the partial month, is subtracted from the total fee you paid in advance to determine your
refund.

Other Fees

AIP may invest client assets in the ETF managed by AIP, if such investments are consistent with the investment objectives
and policies of the client accounts involved. If AIP makes such an investment on behalf of its clients, those clients will be
responsible, indirectly as investors in the ETF, for a portion of the operating expenses and investment advisory fees. No
separate management fee is charged by AIP on the portion of a client’s account that is invested in the Alexis Practical Tactical
ETF for which AIP serves as the adviser.

Item 7: Types of Clients
We provide advisory services primarily to individuals and to high net worth individuals, including their trusts, estates,

and retirement accounts. We also provide services to corporations or business entities including their pension and
profit sharing plans.

The account minimum for the Alexis Managed Account Program is $500,000. We may accept clients with smaller
portfolios based upon certain factors including anticipated future earning capacity, anticipated future additional assets,
account composition, related accounts, and pre-existing client relationships. We may consider the portfolios of your
family members to determine if your portfolio meets the minimum size requirement. Minimum account size may be
waived by AIP solely at its discretion.