Lane Brothers & Co Inc

Item 5 –Fees and Compensation
Portfolio Management Services
Our fee for portfolio management services is based on a percentage of the assets in your
account and is set forth in each client’s Investment Advisory Agreement. In no instance
would fees ever be charged higher than 1.15% annually.

Our typical fee schedule is as follows:

 Managed Account Total Value                       Annual Asset Management Fee
 $0 - $999,999                                     1.15%
 $1,000,000 - $1,999,999                           1.00%
 $2,000,000 - $2,999,999                           0.85%
 $3,000,000+                                       0.75%

Our annual portfolio management fee is billed and payable, quarterly in advance, based on
the end of quarter market value of the account. Please note that we calculate our fees
through our portfolio accounting system, Advyzon, which has a feed from the custodian.
However, the quarter end balance determined by Advyzon, and which we calculate our
fees, could be different from your balance on your custodial statement due to timing of
corporate actions, accrued interest, and trade settlements. Our advisory fee is negotiable,
depending on individual client circumstances, at the firm’s discretion.

If the portfolio management agreement is executed at any time other than the first day of a
calendar quarter, our fees will apply on a pro rata basis, which means that the advisory fee
is payable in proportion to the number of days in the quarter for which you are a client.

At our discretion, we may combine the account values of family members living in the
same household to determine the applicable advisory fee. For example, we may combine
account values for you and your minor children, joint accounts with your spouse, and other
types of related accounts. Combining account values may increase the asset total, which
may result in your paying a reduced advisory fee based on the available breakpoints in our
fee schedule stated above.

We will deduct our fee directly from your account through the qualified custodian holding
your funds and securities. We will deduct our advisory fee only when you have given our
firm written authorization permitting the fees to be paid directly from your account.
Further, the qualified custodian will deliver an account statement to you at least quarterly.
These account statements will show all disbursements from your account. We encourage
you to reconcile our invoices with the statement(s) you receive from the qualified
custodian.

You may terminate the portfolio management agreement at any time. If you have pre-paid
advisory fees that we have not yet earned, you will receive a prorated refund of those fees.

Financial Planning Services
Typically, we include financial planning as part of our advisory services. When
appropriate, we charge a fixed fee for standalone financial planning services, which
generally ranges between $1,500 and $5,000. The fee is negotiable depending upon the
complexity and scope of the plan, your financial situation, and your objectives. We do not
require you to pay fees six or more months in advance. Should the engagement last longer
than six months between acceptance of financial planning agreement and delivery of the
financial plan, any prepaid unearned fees will be promptly returned to you less a pro rata
charge for bona fide financial planning services rendered to date.

Financial Consulting Services
We charge a fixed fee for financial consulting services. Fixed fees are negotiable and range
widely, depending on the scope and complexity of services rendered. Our consulting fee is
payable upon completion of the agreed upon consulting services.

Pension Consulting Services
Our advisory fees for these customized services will be negotiated with the plan sponsor
or named fiduciary on a case-by-case basis.

You may terminate the pension consulting services agreement upon 30 days’ notice to our
firm. You will incur a pro rata charge for services rendered prior to the termination of the
agreement, which means you will incur advisory fees only in proportion to the number of
days in the quarter for which you are a client. If you have pre-paid advisory fees that we
have not yet earned, you will receive a prorated refund of those fees.

Management Services to Pooled Investment Vehicles
LBIC serves as the Investment Manager or Investment Adviser to the Funds. Typically,
the Investment Manager or Investment Adviser is responsible for the management,
operation and control of the investment activities of the Funds, to the extent provided in
the Partnership Agreement and Management Agreement. The Investment Manager's
primary functions will be to identify, analyze and select potential Portfolio Investments.

Each Limited Partner will pay to the Partnership, and the Partnership will pay to the
Investment Manager an annual management fee (the "Management Fee") equal to one
percent (1%) of such Limited Partner's aggregate subscription amount. The Management
Fee will be calculated and payable annually in advance for each calendar year. The General
Partner may waive or reduce the Management Fee with respect to any Limited Partner.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you
invest, in mutual funds and exchange traded funds. The fees that you pay to our firm for
investment advisory services are separate and distinct from the fees and expenses charged
by mutual funds or exchange traded funds (described in each fund's prospectus) to their
shareholders. These fees will generally include a management fee and other fund expenses.
Fees can also include professional fees, audit fees and research fees. You will also incur
transaction charges and/or brokerage fees when purchasing or selling securities. These
charges and fees are typically imposed by the broker-dealer or custodian through whom
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Item 7 – Types of Clients
LBIC provides management services to individuals, including high net worth individuals,
charitable organizations, pension and profit-sharing plans, corporations and other
businesses, as well as one (1) private fund.