Armstrong Advisory Group Inc

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
The Client will pay the Advisor a monthly investment management fee (“Management Fee”), payable in arrears each month. Fees are
based on the average daily market value of assets under management during the month and are calculated using the incremental
tiered fee schedule immediately following this paragraph. (A completed version of the schedule is included in the Client’s investment
advisory agreement with Advisor.) To the extent that the schedule contained in the advisory agreement has values under the
Negotiated Annual Rate column, those values shall be applied to the account. To the extent that the Negotiated Annual Rate column
does not contain values in the advisory agreement, Client agrees and understands that the values in the Default Annual Rate column
apply. (Clients should refer to their individual agreements for rates applicable to their own accounts.)

                    Assets Under Management ($)           Negotiated Annual Rate (%)         Default Annual Rate (%)
                    Up to $999,999                                                                     1.25%
                    $1,000,000 to $3,499,999                                                           1.00%
                    $3,500,000 to $4,999,999                                                           0.75%
                    Over $5,000,000                                                                    0.50%

The Management Fee in the first month of the Agreement shall be prorated from the effective date of this Agreement to the end of the
first month. Management Fees are calculated based on the security valuations as provided by the Client’s designated custodian. The
Advisor may, in its sole discretion, exclude certain assets or positions when calculating advisory fees and/or, in its sole discretion,
reduce or eliminate the Management Fee on certain assets or accounts. The Advisor has no obligation to do so. Effective October 1,
2024, AAG excludes Swept Cash assets from its calculation of the Management Fee.

In addition, the Advisor may, in its sole discretion, exclude certain positions from the Advisor’s investment management services held
within the account (“Non-Managed Assets”). Non-Managed Assets are included in the account as a courtesy to the Client. Advisor will
not be responsible for performing any services on Non-Managed Assets. In addition, Advisor will not include Non-Managed Assets in
calculating the Management Fee.

Advisor, in many instances, agrees to aggregate assets under management across accounts with Advisor to determine the applicable
fee breakpoints above. Any agreed upon aggregation shall be: (1) reflected in the investment advisory agreement between the Advisor
and the Client; (2) documented in the Firm’s books and records; and (3) comply with the Firm’s internal policies and procedures.
Aggregate assets under management can include assets of the Client’s household (including, but not limited to spouses and dependent
                                                       Armstrong Advisory Group Inc.
                                                144 Gould Street, Suite 210, Needham, MA 02494
                                    Phone: (781) 433-0001 * Fax: (781) 433-0002 https://armstrongadvisory.com

children) and accounts over which the Client has authority (i.e., Limited Power of Attorney, Trustee) as well as grantor trust assets
funded by a Client where the Client is not a Trustee. Client has a choice not to aggregate assets or only aggregate certain types of
accounts for the purpose of fee calculations. By choosing not to aggregate, Client acknowledges that in most instances they will be
paying more for AAG’s services vs. when aggregated, and will not pay less than they would if the assets were aggregated.

Employee and Employee Family Discounts on Fees. Employees of Advisor and their family members typically pay a fee that is lower
than the Management Fees paid by non-employee Clients.

Transferred Accounts. Typically, Clients with accounts transferred from another registered investment adviser will receive a rate equal
to the rate that they were paying their former investment adviser, which can include a fixed rate (%) across all asset breakpoints set forth
above. Subject to negotiation with Advisor, other Clients can receive a similar or the same fee as the rates applied to transferred
accounts.

B. Fee Billing
Advisor shall send an invoice to the custodian indicating the amount of the fees to be deducted from the Client’s account. Management
Fees will be automatically deducted from the Client’s account by the custodian. The Clients will receive statements from the custodian
no less frequently than quarterly, which will reflect deductions of the Management Fee.

The Management Fee is usually paid from any cash available in the account; however, Advisor will sell securities for the payment of
fees under this Agreement, which will have tax consequences, and can result in the imposition of redemption fees on mutual funds.

Advisor, as a fiduciary, is required to review and verify the accuracy of its advisory fee calculations, and has policies and procedures in
place to fulfill those obligations. In addition, Advisor recommends that you, as Client, review your fee calculations using the account
statements provided by the custodian. If you notice any discrepancies or issues, please notify your AAG Investment Advisor
Representative (“IAR”).

Rounding: Billing calculations are rounder to the nearest cent value. AAG does not correct billing discrepancy of one cent (1¢) or less.

C. Other Fees and Expenses

Fixed Fees
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Item 7 – Types of Clients in the Disclosure Brochure for additional information.

Item 6 – Portfolio Manager Selection and Evaluation

Portfolio Manager Selection
AAG serves as sponsor and as portfolio manager for the services under this Wrap Fee Program.

Related Persons
AAG personnel serve as portfolio managers for this Wrap Fee Program. AAG does not serve as a portfolio manager for any third-party
wrap fee programs.

Performance-Based Fees
AAG does not charge performance-based fees for its wealth management services. The fees charged by AAG are as described in Item
5 above and are not based upon the capital appreciation of the funds or securities held by any Client. AAG does not manage any
proprietary investment funds or limited partnerships (for example, a mutual fund or a hedge fund) and has no financial incentive to
recommend any particular investment options to its Clients.

Supervised Persons
AAG’s IARs serve as portfolio managers for all accounts, including the services described in this Wrap Fee
Program Brochure. Details of the advisory services provided are included in Item 4.A. of the Disclosure Brochure.