Vision Investment Advisors LLC

Item 5 – Fees and Compensation Non-Wrap Fee Program

In the Non-Wrap Fee Program, clients will pay for advisory services and brokerage services separately.
Clients will not be charged commissions but will incur a small execution fee on each transaction that is placed in
their account to cover execution charges. The specific manner in which fees are charged by VIA is disclosed in the
client's Investment Management Agreement with VIA which accompany the new account documents. Fees are
deducted from the client's account on a quarterly basis in arrears. Accounts initiated or terminated during a calendar
quarter will be charged a prorated fee. Upon termination of any account, any unpaid fees will be due to VIA and
payable on a prorated basis. Clients whose accounts are managed by a VIA IAR will pay VIA transaction costs
associated with a non-wrap account in addition to the fee they pay to VIA for a VIA IAR to manage their individual
account. Transaction fees will also be charged to all accounts by the broker-dealer where the assets are custodied.

Fees for Investment Advisory Services

VIA’s compensation is an asset-based management fee. The management fee is payable (in arrears) at the end of each
calendar quarter based on the total value of the account (including net unrealized appreciation or depreciation of
investments and cash, cash equivalents and accrued interest) on at the end of the quarter.

If an account is opened in the middle of a quarter, the management fee is prorated for the number of days in the
quarter. If an account is terminated in the middle of a quarter, the fee will be calculated based on the value of the
account on the day of termination and prorated for the number of days in the quarter the account was under
management. The management fee is deducted from the account before the account assets are delivered to the client.

Clients need to be aware that VIA’s advisory fees may be higher than those normally charged by other investment
advisors for comparable advisory services. There may be other investment advisors who can provide comparable
types of advisory services at a lower advisory fee rate.

Annual Asset-Based Management Fee (Non-Wrap Fee Accounts) the Portfolios

The fee is negotiated with each individual client. The fee will not exceed 3%. Fees are paid on a quarterly basis. The
amount of the fee may vary based upon factors at VIA IAR's discretion, including but not limited to, the amount of
the original investment, if the client has accounts with an affiliated firm and if the client has additional accounts with
VIA. A client will be advised of the management fee in writing prior to opening an account with VIA.

Fee Schedule for Stock Put Writing and Stock Put Credit-Spread Option Programs

The Stock Put Writing and Stock Put Credit Spread Option Programs carry a different fee structure than other
portfolios. For clients that select either of these programs, actual fees are negotiated and, for a specific tier, may vary
but will not exceed the fees listed below. Two alternative fee structures are offered - the Stock Put Writing Program
with a performance fee and lower management fee, and the Stock Put Credit Spread Option Program with no
performance fee and a higher management fee. The amount of the fees may vary based on factors in VIA IAR's
discretion including, but not limited to, the amount of the original investment, if the client has accounts with an
affiliated firm and whether the client has additional accounts with VIA. A client will be advised of the fees and
execution charges prior to opening an account with VIA.

                                                          Stock Put Credit Spread
                       Stock Put Writing Program          Option Program

                        Management Performance Fee Management                  Performance
                           Fee         20.00%         Fee                          Fee
                          2.00%                      2.00%                       20.00%

All accounts will pay processing charges of $0.25 per transaction. Non-qualified investors will be charged a
management fee.

Item 7 – Types of Clients

   VIA provides portfolio management services to individuals, high net worth individuals, family offices, charitable
   organizations, endowments, pension plans, trusts and other institutional investors.

   A $100,000 minimum dollar value of assets is suggested but not required for opening or maintaining an advisory
   account.