Lander & Associates Inc

Item 5 - Fees and Compensation

Description of Fees
   Financial planning and/or consulting service fees charged by the Advisor are dependent
   upon the services requested by the Client, as specified in the Firm’s Financial Planning
   and Consulting Service Agreement executed with the Client. These fees are separate
   from any investment management fees applicable upon execution of the Advisor’s
   Investment Management Agreement.

   Hourly fees are assessed on a $200 per hour fixed rate basis, billed in fifteen (15)
   minute increments, as defined in the Firm’s Agreement and its Disclosure Document,
   a copy of which is provided to each client at the time of engagement of services and

   annually upon request thereafter. Fees for these services are negotiable or may be
   waived, in full or in part, at the sole discretion of the CCO. Since these fees are based
   on an hourly rate, there is no pro-rata refund issued to clients should they terminate
   services prior to the completion of the planning or consulting services for which they
   have engaged the Firm. Instead, terminating clients will be billed for actual hours
   expended up to the receipt by the Firm of a written termination notice from the client.

   When engaging Lander for its asset management services, clients are required to sign
   an Investment Management Agreement, which outlines the specific services to be
   provided and the fees charged by the Firm for those services. Asset management fees
   are dependent upon the type and complexity of asset management services to be
   rendered and are charged as a percentage of assets under management, with the Firm’s
   fee schedule specified accordingly in the Agreement.

   The fee for Lander’s asset management service is based on a percentage of assets under
   management and listed in the Investment Management Agreement executed by the
   client. These fees are calculated based on the aggregated investment assets of a client’s
   household under management by the Firm at the end of the last business day of the
   preceding calendar year, according to the following fee schedule:
               Account Value                         Annual Advisory Fee
       $ 0 to $ 3,000,000                                     1.00%
       $ 3,000,001 to $ 5,000,000                             0.75%
       $ 5,000,001 and above                                  0.50%
   One-quarter of the client’s annual management fee is then billed to the client on a
   quarterly basis.

Fee Billing
   All clients are billed based on one of the following types of services provided:
       (a)     Continuous portfolio management with fees based upon a percentage of
               assets under management according to the fee schedule listed above.
               These fees are negotiated with the client at the outset of the advisory
               relationship.
       (b)     Limited advisory services or financial consultations for which fees are
               assessed at an hourly rate of $200 per hour.

   As stated above, all asset management clients are billed for advisory services based on
   a percentage of the total aggregated amount of all their accounts managed by Lander,
   with balances aggregated for the purpose of fee calculations and the fee expressed as a
   percentage of the total aggregated assets under management.
   Asset management fees are billed on a quarterly basis, based on a percentage of the
   assets under management by the Firm on the last business day of the preceding calendar
   year, as stated above. Fees are automatically deducted from the clients’ advisory
   accounts unless a client specifically requests to be billed directly by the Firm. For
   direct billings, payment is due within fifteen (15) days of their receipt of the invoice.

    In either billing scenario, clients receive a quarterly statement or invoice from the
    Firm and the clients’ account custodian(s). The statement or invoice identifies the end
    of year account balance upon which the fee calculation was based, the actual fees
    charged and the manner in which the fees were calculated.

Other Fees
    Custodians may charge transaction fees, commonly referred to as “ticket charges” on
    purchases or sales of securities. These transaction charges are usually relatively small
    and incidental to the purchase or sale of a security. In these instances, the selection of
    the security is more important than the nominal fee that the custodian charges to buy
    or sell the security. Ticket charges, transaction commissions and similar service
    charges are separate from the Firm’s advisory service fees and deducted by the
    custodian from the clients’ accounts as incurred.

Expense Ratios
   Mutual funds, if used, generally charge a management fee for their services as
   investment managers and is commonly referred to as the expense ratio. For example,
   an expense ratio of 0.50 means that the mutual fund company charges 0.5% for their
   services. Performance figures quoted by mutual fund companies in various
   publications are generally after the expense ratio has been deducted. These fees, if
   present, would be in addition to the advisory fees paid by a client to an advisor.

Item 7 - Types of Clients
Description
    Lander’s clients are comprised primarily of individual investors along with high-net-
    worth individuals but may also include pension and profit-sharing plans. Client
    relationships vary in scope and lengths of service.

Account Minimums
    Lander does not specify a minimum account size to engage a new client or retain an
    existing client in an asset management account. Advisory fees will vary based on the
    amount of assets under management by the Firm and, as a result, clients with smaller
    accounts may pay a higher percentage rate on their annual fees than the fees paid by
    clients with greater assets under management.