I-Cthru Inc

Fees and compensation

A - Fee schedule
i-Cthru charges an annual management fee of 1% of client's assets. This fee is
automatically calculated and deducted by IB from i-Cthru’s clients’ assets. It is done
on a daily basis. On a case-by-case basis, fees may be negotiable.

For qualified clients, as defined by Rule 205-3 issued under the Investment Advisers
Act of 1940, i-Cthru offers the possibility for the client to opt for a 1% Management fee
paired with a 10% Performance fee. The performance fee includes a high water mark
with a look back period of 4 quarters. The performance fee is also prorated for any
deposit or withdrawal the client may initiate. The performance fee is paid quarterly and
also automatically calculated and deducted by IB.

B - Payment
All fees charged by i-Cthru are directly deducted from the client's account by Interactive
Brokers.

C - Other fees
i-Cthru also charges a model licensing fee and a research fee to its partner European
Investment Advisory firm.

Client will also incur brokerage and other transaction costs, over which i-Cthru has no
say. See “Brokerage practices” below. If the client transfers a currency value other
than US dollars a client may also incur foreign exchange fees.

D - Pre-paid fees
Fees may not and cannot be paid in advance.

E - Compensation for the sale of investment products
None of i-Cthru's supervised persons accepts compensation for the sale of securities
or other investment products.

Form ADV Part 2

          Performance-Based Fees and Side-By-Side Management

i-Cthru charges its clients a management fee (as mentioned in “Fees and
compensation”). For qualified clients, as defined under Rule 205-3, i-Cthru may also
charge a performance fee, if approved by the client.
Both types of accounts are managed side-by-side by i-Cthru’s supervised persons,
and while in general, this could lead to conflicts of interest, i-Cthru manages both based
on its proprietary investment model. This cancels any conflicts of interest.

For the Wealth Management part of i-Cthru’s business and where i-Cthru may elect to
invest in “alternative investment opportunities”, it is important to note that not all clients
receive the same investment advice, nor do they pay the same fee. We strive and are
obligated to act in the best interests of each of our clients at all times.

We address side-by-side management conflicts in our overall compliance program,
including within our code of ethics.

Form ADV Part 2

Types of clients

i-Cthru generally provides advice to individuals, trusts and corporate clients. On a
case-by-case basis, i-Cthru may also offer advice to institutional investors, such as
Pension Plans and Investment Companies. i-Cthru requires a minimum of $10,000 to
open an account without any further minimum balance requirement. We, however
strongly suggest a minimum balance of $100,000, which allows our strategy to perform
better.

Form ADV Part 2

       Methods of analysis, Investment strategies and Risk of Loss

A - Methods of analysis and investment strategies

Proprietary model
i-Cthru's investment strategy is based on its proprietary model, which is built around a
combination of Value and Growth models, as well as perceived risk indicators in the
form of derivative contracts. The model analyzes and computes every month, values
of thousands of securities and compares these to each other. This, combined to an
assessment of risk, results in a concentrated portfolio. If assets appear overvalued
and/or the perceived risk is too high, no positions will be bought and clients' assets
may remain in cash.

While i-Cthru intends on trading once a month, it will execute trades according to the
stop market order at any time during market hours. The executing price of a stop
market order could be significantly lower than the purchasing price in a highly volatile
market situation.
Where Clients’ assets allow, i-Cthru will buy portfolio protection, in the form of long put
options.

Wealth Management
We may also use one or more of the following methods of analysis or investment
strategies when providing Wealth Management Services:
    ● Fundamental Analysis – involves analyzing individual companies and their
        industry groups, such as a company’s financial statements, details regarding
        the company’s product line, the experience and expertise of the company’s
        management, and the outlook for the company’s industry. The resulting data is
        used to measure the true value of the company’s stock compared to the current
        market value.
    ● Long Term Purchases – securities purchased with the expectation that the
        value of those securities will grow over a relatively long period of time, generally
        greater than one year.
    ● Alternative Investments – i-Cthru may elect to review the outlook of alternative
        investments, including Real Estate ones. Depending on our clients’ objectives,
        reviewing alternative investments would include an analysis of the market,
        potential future earnings, cash flow analysis, tax implications, review of existing
        financial statements, etc.

Our Wealth Management strategies and advice may vary depending upon each
client’s specific financial situation. As such, we determine investments and allocations
based upon your predefined objectives, risk tolerance, time horizon, financial horizon,
financial information, liquidity needs, and other various suitability factors. A client’s
restrictions and guidelines may affect the composition of their portfolio.

Investing in securities involves risk of loss that clients should be prepared to bear.

B - Material risks
The list below identifies significant risks. However, it should not be considered to be
exhaustive.

Form ADV Part 2

Investment and Trading Risks in General
Investments in the financial markets are generally speculative and involve a high
degree of risk including the potential loss of the entire amount invested by a client. i-
Cthru invests in securities and other instruments which are influenced by events and
economic/ legal/ political factors such as: inflation, availability of credit, interest rates,
equity and commodity prices, long term economic trends, changes in laws, currency
exchange controls, national and international political situations. Economical and
market estimates are uncertain in nature.
i-Cthru has no control over any of these and each one of them could positively or
negatively impact a client's portfolio's performance.

The Availability of Investment Opportunities
i-Cthru's methodology in identifying investment opportunities relies on a subjective
decision making process. While i-Cthru relies on a consistent, automated and diligent
selection process each month, there is no certainty that the identified investment
opportunities will yield the expected returns. When investing, there is always a risk of
partially or totally losing one's investment. i-Cthru's prospective clients should not use
its services, unless they can bear the consequences of such loss.

Limited Diversification
Diversification in terms of industry, type of security, investment strategy or type of risk
exposure, can significantly reduce investment risks. While i-Cthru offers concentrated
portfolios, it does not aim to concentrate its investments. However, diversification is
not one of i-Cthru’s primary goals and therefore, clients should be aware that
concentration could increase the risk of loss of capital.

Hedging
Portfolio insurance is an attempt to reduce the risk associated with certain investments
and involve a wide variety of derivative transactions, including options. While hedging
techniques may increase the performance of a certain investment decisions, in case
of a negative correlation, they may also result in a poorer overall performance than if
they had not been used. Clients should also be aware that options represent an
additional cost, which, at times, may reduce their overall portfolio’s performance.

Currency Risk
The variation of exchange rates between the U.S. Dollar and other currencies will affect
either positively or negatively any investment.

Frequent trading
While i-Cthru attempts to limit the frequency of trading, portfolios are reviewed every
month. Therefore, trading could occur on a monthly basis. Clients should be aware
that frequent trading could affect investment performance, particularly through
...