Victrix Investment Advisors LLC

Item 5 - Fees and Compensation
Item 5A - Description
    ASSET MANAGEMENT
    Victrix offers discretionary and non-discretionary asset management services to
    advisory clients. The fees for these services will be based on a percentage of Assets
    Under Management and will be calculated using the below table.

                        Relationship Assets         Annual Fee
                          $500,000 or Less             1.50%
                       $500,001 – $1,000,000           1.25%
                      $1,000,001 – $2,500,000           1.00%
                            $2,500,000 +                0.75%
                     *All assets will be billed at a single fee rate.

     The annual fee may be negotiable. For example, Victrix, in its sole discretion, may
     offer to clients a reduced asset management fee based upon certain pre-determined
     criteria, including:

     (i) Historical relationship.
     (ii) Type of assets to be managed. For example, if a client’s portfolio has a high
     concentration of cash or money market assets that do not require a high level of active
     management. The advisor may agree to assess a smaller fee than as noted in its fee
     table.
     (iii) Anticipated future earning capacity. For example, if a prospective client has
     represented to the advisor that he/she has the potential to save significant amounts of
     money, the advisor may agree to reduce its annual fee based on this representation.
     (iv) Anticipated future additional assets to be managed by Victrix. For example, if a
     prospective client has represented to the advisor that he/she may transferring other
     assets to be managed by the advisor in the future, the advisor may agree to reduce its
     annual fee based on this representation.
     (v) Dollar amounts of assets to be managed. For example, if a prospective client has
     investment assets in excess of $5 million, the advisor may consider lessening the
     annual fee to less than the stated 0.75% annual fee.

                            Victrix Investment Advisors LLC

     (vi) Related accounts of clients managed by Victrix. If the advisor manages multiple
     client accounts within the same family and/or households, the advisor may aggregate
     all accounts to determine an annual assessed management fee.
     (vii) Account composition. For example, if a client has legacy positions in equities
     with no intention to liquidate in the immediate future thereby reducing the need for
     active portfolio management by the advisor, Victrix may agree to a reduced fee on
     such an account.

     Fees are billed quarterly in advance based on the amount of assets managed as of the
     last business day of the previous quarter. If margin is utilized, the fees will be billed
     based on the net asset value of the account. Initial fees for partial quarters are pro-
     rated. Lower fees for comparable services may be available from other sources.
     Clients may terminate their account within five (5) business days of signing the
     Investment Advisory Agreement for a full refund. A client may terminate the
     investment advisory relationship by written notice at any time without penalty. For
     accounts closed mid-quarter, the client will be entitled to a pro rata refund for the
     days service was not provided in the final quarter. Client shall be given thirty (30)
     days prior written notice of any increase in fees, and client will acknowledge, in
     writing, any agreement of increase in said fees.

     FINANCIAL PLANNING AND RETIREMENT PLAN CONSULTING
     Financial planning and Retirement Plan consulting services are offered based on an
     hourly rate of $250. Prior to the planning process the client will be provided an
     estimated plan fee. Lower fees for comparable services may be available from other
     sources. The payment is due upon delivery of the plan. Victrix reserves the right to
     waive the planning fees should the client decide to implement the plan with Victrix.
     If the client cancels within five (5) business days of signing the agreement, no fees
     will be due. If a client cancels after five (5) business days of signing the agreement,
     Victrix is entitled to any earned fees and will bill the client for the pro rata fees.

Item 5B - Fee Billing
    Investment management fees are billed quarterly in advance, meaning we bill you
    before the three-month period has started. Fees are deducted from a designated client
    account,. Payment in full is expected upon invoice presentation. The client must
    consent in writing in advance to direct debiting of their investment account.

     Fees for financial plans and Retirement Plan consulting are due upon delivery of the
     work product.

Item 5C - Other Fees
    Custodians may charge transaction fees on purchases or sales of certain mutual funds,
    equities, and exchange-traded funds. These charges may include Mutual Fund
    transactions fees, postage and handling, margin interest and miscellaneous fees. ETFs
    and mutual funds also charge internal management and administrative fees which are
    disclosed in each fund’s prospectus.

     For more details on potential fee reductions, see Item 5A of this brochure.

                             Victrix Investment Advisors LLC

     For more details on the brokerage practices, see Item 12 of this brochure.

Item 5D - Prepayment
    Asset management fees are billed quarterly in advance. If the client cancels after five
    (5) days, any unearned fees will be refunded to the client. For accounts closed mid-
    quarter, the client will be entitled to a pro rata refund for the days service was not
    provided in the final quarter.

Item 5E - Commissions
    Victrix does not receive any external compensation for the sale of securities to clients.
    Certain IARs are also licensed insurance agents and sell insurance as sole proprietors
...

Item 7 - Types of Clients

     Victrix primarily provides investment advice to individuals and trusts. Client
     relationships vary in scope and length of service.

     Victrix does not require an account minimum.

                             Victrix Investment Advisors LLC