Bison Investment Advisors LLC

Item 5 – Fees and compensation
                                           Standard Fee Schedule
                       Account Value                        Bison Investment Advisors, LLC Advisor Fee

                       $0 – $500,000                                           2.00%

                   $500,001 - $1,000,000                                       1.75%

                      Over $1,000,000                                          1.50%

 The Bison Investment Advisors, LLC adviser fee does not include trading fees, custodian fees, or
 performance reporting, which will be charged separately, directly to the client account, and will
 vary based upon the selected custodian and reporting firms. Please refer to Item 12 for details
 regarding brokerage. The Bison Investment Advisors, LLC advisor fee for separately managed
 accounts will not exceed 2.0% and is negotiable. Bison Investment Advisors, LLC currently uses a
 third-party reporting service to calculate its quarterly advisor fee. The reporting service uses a
 tiered but weighted rate. It should be noted that fees may be more than the industry norm, and that
 similar advisory services may be obtained for less through a different advisor. The minimum
 investment is $250,000. Bison Investment Advisors, LLC may, in its sole discretion, agree to accept
 a client’s account with a lesser value.

 Bison Investment Advisors, LLC adviser fees are charged to the client account in advance, initially
 upon inception of the account and then quarterly thereafter based upon the market value of the
 account, including securities, cash, and money market balances, less any margin or other debit
 balances, on the last day of the preceding quarter. Fees are calculated on a quarterly basis, using a
 365-day year and the actual days in the quarter. There may be investments in the portfolios which
 are not assessed a fee. If there are insufficient funds to cover quarterly management fees, fees will
 be pulled from a like-titled client account or other account as directed by the client.

 Example of how fees are calculated are as follows:

March 2026                                                                      Bison Investment Advisors, LLC

 Bison Investment Advisors, LLC agreement with the client may be terminated by either party at
 any time if a written notice is given 30 days prior to the intended termination date. In the event
 the agreement is terminated prior to the end of a quarter in which a client has paid a prepaid fee, a
 prorated refund for the number of days remaining in the quarter after the termination date will be
 credited to the client’s account. Clients have the right to terminate the agreement, without penalty,
 within 5 business days after entering into the agreement. If the client terminates our agreement
 within one year, you will incur a $300.00 early termination fee.

 Clients may pay other expenses in addition to the fees described above, such as commissions, wire
 fees, securities transaction fees and/or other fee unrelated to the fee collected by Bison Investment
 Advisors, LLC. Unaffiliated Advisors – Client’s will pay fees directly to unaffiliated advisors based
 upon any agreement with unaffiliated advisors. Bison Investment Advisors, LLC may receive a
 solicitation fee for referring clients to unaffiliated advisors and the fee will vary. All fees will be
 disclosed to the client through the advisor brochures.

 Alternative Investments – If a client chooses to invest in one of the alternative investments offered
 through Bison Investment Advisors, LLC, the client will incur fees charged by the managers of
 those firms which are disclosed in the offering document the client will receive prior to investing.

 Investment Partnership – Management fees will vary based on the qualification of the investor and
 the share class chosen by the investor and is 1.50%. These fees are negotiable and may be in excess
 of the industry norm. Similar advisory services may be obtained from other advisors for less fees.
 Fees of the partnership are calculated in accordance with the offering document.

 Bison Investment Advisors, LLC will assist the client in defining the investment objectives,
 selecting the investment advisors and alternative investments and will periodically review the
 investment with the client.

 Qualified Retirement Plan Consulting
 Tiered pricing below is based on scope of services and total plan assets.

                     Account Value                          Bison Investment Advisors, LLC Annual
                                                                         Advisor Fee

                     $0 – $100,000                                           $1,000

                  >$100,000 - $250,000                                       $1,500

                  >$250,000 - $500,000                                       $3,500

                 >$500,000 - $1,000,000                                      $7,000

                >$1,000,000 - $5,000,000                                     $10,000

                      >$5,000,000                                       Custom Pricing

March 2026                                                                     Bison Investment Advisors, LLC

 There is a $1,000 per annum minimum for these services. Clients will be invoiced either quarterly
 or semiannually (January and July) for the corresponding period. Bison Investment Advisors, LLC
 receives cash compensation.

 Business Consulting – Bison Investment Advisors, LLC may charge flat fees or hourly fees for its
 Business Consulting Services. Bison Investment Advisors, LLC may also receive membership units
 or shares of stock as compensation. Clients are invoiced based on unique terms of each consulting
 agreement.

Item 7 – Types of clients
 Bison Investment Advisors, LLC offers its products to individuals (including high net worth
 individuals), trusts, estates, charitable organizations, pensions and profit-sharing plans, business
 organizations and the investment partnership. The minimum investment for separate accounts is
 $250,000 and minimum investment in the investment partnership is $250,000. Bison Investment
 Advisors, LLC may, in its sole discretion, agree to accept a client’s account with a lesser value.