Peconic Asset Planning Inc

Item 5 - Fees and Compensation

 The following paragraphs detail the fee structure and compensation methodology for services provided by the Advisor.
 Each Client engaging the Advisor for services described herein shall be required to enter a written agreement with the
 Advisor.

 A. Fees for Advisory Services
 Investment advisory fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the agreement.
 Investment advisory fees are based on the market value of assets under management at the end of the prior calendar
 quarter. Investment advisory fees are charged an annual rate of 1.00%. Fees may be negotiable at the sole discretion of the
 Advisor. The investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to the
 end of the first quarter. The Client's fees will take into consideration the aggregate assets under management with the
 Advisor. All securities held in accounts managed by Peconic will be independently valued by the Custodian. Peconic will not
 have the authority or responsibility to value portfolio securities.

 B. Fee Billing
 Investment advisory fees are calculated by the Advisor or its delegate and deducted from the Client's account[s] at the
 Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted from the
 Client's account[s] at the beginning of the respective quarter. The amount due is calculated by applying the quarterly rate
 (annual rate divided by 4) to the total assets under management with Peconic at the end of the prior quarter. Clients will be
 provided with a statement, at least quarterly, from the Custodian reflecting deduction of the investment advisory fee. In
 addition, the Advisor will provide the Client a report itemizing the fee, including the calculation period covered by the fee, the
 account value and the methodology used to calculate the fee. Clients are urged to also review and compare the statement
 provided by the Advisor to the brokerage statement from the Custodian, as the Custodian does not perform a verification of
 fees. Clients provide written authorization permitting advisory fees to be deducted by Peconic to be paid directly from their
 account[s] held by the Custodian as part of the investment advisory agreement and separate account forms provided by the
 Custodian.

 C. Other Fees and Expenses
 Peconic includes securities transaction fees, whenever applicable, as part of its overall investment advisory fee through
 the Peconic Wrap Fee Program. Securities transaction fees for Client-directed trades may be charged back to the Client.

Please see Item 4.D. above as well as Appendix 1 - Wrap Fee Program Brochure.

In addition, all fees paid to Peconic for investment advisory services are separate and distinct from the expenses charged by
mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are described in each fund's
prospectus. These fees and expenses will generally be used to pay management fees for the funds, other fund expenses,
                                                      Peconic Asset Planning, Inc.
                                                  53 Lake Avenue, Riverhead, NY 11901
                                               Phone: (631) 369-8877 I Fax: (631) 369-9107
                                                     https://peconicassetplanning.com

account administration (e.g., custody, brokerage and account reporting), and a possible distribution fee. A Client may be able
to invest in these products directly, without the services of Peconic, but would not receive the services provided by Peconic
which are designed, among other things, to assist the Client in determining which products or services are most appropriate
for each Client's financial situation and objectives. Accordingly, the Client should review both the fees charged by the fund[s]
and the fees charged by Peconic to fully understand the total fees to be paid. Please refer to Item 12 - Brokerage Practices
for additional information.

 D. Advance Payment of Fees and Termination
 Peconic may be compensated for its investment advisory services in advance of the quarter in which services are rendered.
 Either party may terminate the investment advisory agreement, at any time, by providing advance written notice to the other
 party. The Client may also terminate the investment advisory agreement within five (5) business days of signing the Advisor's
 agreement at no cost to the Client. After the five-day period, the Client will incur charges for bona fide advisory services
 rendered to the point of termination and such fees will be due and payable by the Client. Upon termination, the Advisor will
 refund any unearned, prepaid investment advisory fees from the effective date of termination to the end of the quarter. The
 Client's investment advisory agreement with the Advisor is non-transferable without the Client's prior consent.

 E. Compensation for Sales of Securities
 Peconic does not buy or sell securities to earn commissions and does not receive any compensation for securities
 transactions in any Client account, other than the investment advisory fees noted above.

 Mr. Cardillo is also a Registered Representative of Independent Financial Group, LLC ("IFG") a registered broker-dealer
 (CRD# 7717), member FINRA, SIPC. In Mr. Cardillo's separate capacity as a Registered Representative, he may
 implement securities transactions under IFG and not through Peconic. In such instances, Mr. Cardillo will receive
 commission-based compensation in connection with the purchase and sale of securities, including 12b-1 fees for the sale
 of investment company products. Compensation earned by Mr. Cardillo in his separate capacity as a Registered
 Representative is separate and in addition to the Advisor's fees. This practice presents a conflict of interest as there may
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Item 7 - Types of Clients
 Peconic offers investment advisory services to individuals, high net worth individuals, trusts, and estates. Peconic
 generally does not impose a minimum relationship size.