Fee Schedule

Investment Advisory Fees are paid quarterly in arrears based on the average daily balance of assets under management during the preceding quarter, based on the following schedule:

Assets Under Management Annual Rate
0 to $2,000,000* 0.80%
Amounts above $2,000,000 0.70%
Amounts above $4,000,000 0.60%
Amounts above $5,000,000 0.50%
*If under $250,000 1.00%

Investment Advisory Fees in the first quarter of service are prorated to the inception date of the account to the end of the first quarter. Investment Advisory Fees may be negotiable at the sole discretion of the Advisor. The Client's fees will take into consideration the size and the complexity of the Client relationship. All securities held in accounts managed by Landmark will be independently valued by the designated Custodian. Landmark will not have the authority or responsibility to value portfolio securities.