Dartmouth Capital Advisors Inc

Item 5:           Fees and Compensation

Direct Compensation comes in the form of payments from clients based upon AUM. Dartmouth typically bills
clients based upon a pre-determined fee schedule using the AUM recorded in our system. Variations as to the AUM
date, how the AUM is calculated (source may be from custodian statements), and invoice period are permissible.

All fees are negotiable and billed according to a written management agreement. Fees may be billed separately or
directly debited from a client’s account. A client must authorize any direct debit arrangements with its custodian.

Below is Dartmouth’s standard fee schedule covering all primary strategies as of the effective date of this brochure.

Balanced, stock only and bond only

         0.95% on first $1,000,000
         0.75% on next $4,000,000
         0.50% on next $10,000,000
         0.35% on any amounts thereafter

There is a $2000 a month minimum fee which is often waived for smaller accounts. Several family and friends have
all fees waived.

Dartmouth may purchase pooled products (Mutual Funds, ETFs, Closed-End Funds, etc.,) for any strategy. Such
products may have additional management fees embedded within the product in addition to what Dartmouth charges
the client. Clients invested within the pooled products will incur and be responsible for additional fees referred to as
an expense ratio, which includes among other things, administrative costs. Additionally, clients should be prepared
to incur additional costs such as brokerage and custodian fees.

Gifts and Other Non-Monetary Compensation

From time to time, the providers of various products and services used by Dartmouth for its investment management
clients may provide Dartmouth and its personnel with non-monetary gifts and gratuities, such as promotional items
(i.e., coffee mugs, calendars or gift baskets), meals and access to certain industry related conferences (collectively,
“gifts”). The receipt of these gifts is not dependent on or otherwise related to the assets invested by your plan or any
of our other clients in or with the products or services of the particular provider. Nevertheless, Dartmouth has
implemented policies and procedures intended to identify, quantify, track and restrict gifts received by it and its
personnel. Pursuant to rules established by the U.S. Department of Labor, Dartmouth has implemented a policy for
allocating the value of a gift among multiple clients, where applicable. Under such policy, where potentially
reportable compensation is received by Dartmouth (including its personnel) in connection with several clients,
Dartmouth would first divide the fair market value of the gift by its client assets under management to which such
gift is reasonably applicable, and then allocate the result to each affected client, in proportion to the client’s assets
under management, to determine if it exceeds the de Minimis threshold under the Section 408(b)(2) regulation and
related and associated guidance. Based on historic trends, Dartmouth does not expect to receive gifts in excess of
the de Minimis threshold under these rules.

Item 7:            Types of Clients

As of the effective date of this brochure, client types are as follows:

            Client Type                           AUM         % of Total AUM
 High Net Worth                                   117,039,951           81.17%
 Corporate                                         8,356,694             5.80%
 Pension & Profit Sharing                         18,787,531            13.03

The standard account minimum is $3,500,000, but exceptions will be made based upon a multitude of factors
including the size of the relationship, the ability of Dartmouth to invest a smaller amount effectively in an existing
current strategy, level of service required, the strategy requested, and the potential for gaining additional future
assets.