Argyle Capital Partners LLC

Item 5: Fees & Compensation

    ACP provides investment management services for an annual fee based upon a percentage of the
    market value of the assets being managed by ACP. ACP’s annual fee is exclusive of, and in addition to
    brokerage commissions, transaction fees, and other related costs and expenses which are incurred
    by the client. ACP does not, however, receive any portion of these commissions, fees, and costs. ACP’s
    annual fee is prorated and charged quarterly, in advance, based upon the market value of the assets
    being managed by ACP on the last day of the previous quarter. Fees will be adjusted for deposits and
    withdrawals made during the quarter exceeding $50,000. The annual fee varies depending upon the
    market value of the assets under management and the type of investment management services to
    be rendered, as follows:

    Investment Management Fee

                              PORTFOLIO VALUE                             BASE FEE
                              Up to $500,000                                  1.50%
                              $500,000.01 - $1,000,000                        1.25%
                              $1,000,000.01 - $5,000,000                      1.00%
                              above $5,000,000                                0.75%

    Retirement Plan Consulting

                              PORTFOLIO VALUE                             BASE FEE
                              0 - $500,000                                    1.25%
                              $500,000.01 - $1,000,000                        1.00%
                              $1,000,000.01 - $5,000,000                      0.90%
                              Above $5,000,000                                0.75%

    ACP, in its sole discretion, may negotiate to charge a lesser management fee based upon certain
    criteria (i.e., anticipated future earning capacity, anticipated future additional assets, dollar amount
    of assets to be managed, related accounts, account composition, pre-existing client, account
    retention, pro bono activities, etc.). Lower fees for comparable services may be available from other
    sources.

    We pay compensation to other advisors or consultants for services rendered by these firms to our
    clients and our firm. This compensation is typically equal to a percentage of the overall investment
    advisory fee charged by our firm or an agreed upon fixed fee. The fee paid to other advisors or
    consultants shall be negotiable in certain circumstances, but a client’s total fee to ACP shall never
    exceed the amount in our published fee statement.

    Financial Planning & Consulting

    Our firm does not charge fees for Financial Planning and Consulting services as these services are
    offered on a complimentary basis when requested by our Investment Management Clients.

ADV Part 2A – Firm Brochure                         Page 6                                Argyle Capital Partners, LLC

    Fees Charged by Financial Institutions
    As further discussed in response to Item 12 (below), ACP generally recommends that clients utilize
    the brokerage and clearing services of an independent broker-dealer for investment management
    accounts.

    ACP may only implement its investment management recommendations after the client has arranged
    for and furnished ACP with all information and authorization regarding accounts with appropriate
    financial institutions. Financial institutions include, but are not limited to any broker-dealers
    recommended by ACP, broker-dealers directed by the client, trust companies, banks etc. (collectively
    referred to herein as the “Financial Institutions”).

    Clients may incur certain charges imposed by the Financial Institutions and other third parties such
    as custodial fees, charges imposed directly by a mutual fund or ETF in the account, which are
    disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses), deferred
    sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other
    fees and taxes on brokerage accounts and securities transactions. It is important to note that Charles
    Schwab & Co., Inc. does not charge commission fees on domestic equity and exchange traded fund
    transactions.

    ACP’s Agreement and the separate agreement with any Financial Institutions may authorize to debit
    the client’s account for the amount of ACP’s fee and to directly remit that management fee to ACP.
    Any Financial Institutions recommended by ACP have agreed to send a statement to the client, at least
    quarterly, indicating all amounts disbursed from the account including the amount of management
    fees paid directly to ACP. Alternatively, clients may elect to have ACP send an invoice for payment.
    If ACP debits a fee directly from a client account, it will send a statement to the client showing the
    amount of the fee, the value of the client’s assets upon which the fee was based, and the specific
    manner in which the fee was calculated and reminding clients that it is the client’s responsibility to
    verify the accuracy of the fee calculation as the Financial Institution will not do so.

    Fees for Management During Partial Quarters of Service

    For the initial period of investment management services, the fees are calculated on a pro rata basis.

    The Agreement between ACP and the client will continue in effect until terminated by either party by
    written notice pursuant to the terms of the Agreement. ACP’s fees are prorated through the date of
    termination and any remaining balance is refunded to the client.

    Clients may make additions to and withdrawals from their account at any time, subject to ACP’s right
    to terminate an account. Additions may be in cash or securities provided that ACP reserves the right
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Item 7: Types of Clients & Account Requirements

    ACP provides its services to individuals, high net worth individuals as well as corporations and
    small businesses.