Atlas Wealth LLC

Item 5 - Fees and Compensation

 Gearhart & Associates charges fees based on a percentage of assets under management as well as fixed
 fees, depending on the particular types of services to be provided. The specific fees charged by Gearhart
 & Associates for services provided will be set forth in each client’s Agreement.

     A. Investment Management and Financial Planning Services

    Fees for Investment Management Services

Gearhart & Associates charges an annual advisory fee that is agreed upon with each client and set forth in
an agreement executed by Gearhart & Associates and the client. If fixed, the advisory fee will be specified
on the fee schedule as set forth in the agreement executed by Gearhart & Associates and the client. If based
on a percentage of the value of assets under management, the advisory fee for the initial quarter shall be
paid, on a pro rata basis, in arrears, based on the asset value of the client’s accounts at the end of such initial
quarter. For subsequent quarters, the advisory fee shall be paid, in advance, based on the asset value of the
client’s accounts as of the last business day of the preceding quarter as provided by third-party sources,
such as pricing services, custodians, fund administrators, and client-provided sources. For purposes of fee
calculation, the asset value of client accounts include cash and cash equivalents.

Following is Gearhart & Associates’s asset based fee schedule for Investment Management Services:

                                                  FEE SCHEDULE
                              Market Value of Assets                     Rate
                       Up to $500,000                                   2.00%
                       $500,001 to $1,000,000                           1.75%
                       $1,000,001 to $2,500,000                         1.50%
                       $2,500,001 to 5,000,000                          1.25%
                       $5,000,001 and above                             1.00%

Gearhart & Associates                                                                         Disclosure Brochure

                       The percentage for the highest range of Managed Asset value achieved
                       applies to all Managed Assets, not just Managed Assets within that
                       range.

Notwithstanding the foregoing, Gearhart & Associates and the client may choose to negotiate an annual
advisory or financial planning only fee that varies from the schedule and ranges set forth above. Factors
upon which a different annual advisory or financial planning fee may be based include, but are not limited
to, the size and nature of the relationship, the services rendered, the nature and complexity of the products
and investments involved, time commitments, and travel requirements. The investment management
services fee charged by the Firm will apply to all of the client’s assets under management, unless
specifically excluded in the client agreement. The investment management services fee may include the
financial planning services described above. Although Gearhart & Associates believes that its fees are
competitive, clients should understand that lower fees for comparable services may be available from
other sources and firms.

The investment advisory agreement between Gearhart & Associates and the client may be terminated at
will by either Gearhart & Associates or the client upon written notice. Gearhart & Associates does not
impose termination fees when the client terminates the investment advisory relationship, except when
agreed upon in advance.

     B. Payment of Fees

Gearhart & Associates generally deducts its investment management services fee from a client’s investment
account(s) held at his/her custodian. Upon engaging Gearhart & Associates to manage such account(s), a
client grants Gearhart & Associates this limited authority through a written instruction to the custodian of
his/her account(s). The client is responsible for verifying the accuracy of the calculation of the investment
management services fee; the custodian will not determine whether the fee is accurate or properly
calculated. See Section A herewith for further information on fee billing. A client may utilize the same
procedure for financial planning fees if the client has investment accounts held at a custodian.

Although clients generally are required to have their investment management services fees deducted from
their accounts, in some cases, Gearhart & Associates will directly bill a client for investment management
services fees if it determines that such billing arrangement is appropriate given the circumstances.

The custodian of the client’s accounts provides each client with a statement, at least quarterly, indicating
separate line items for all amounts disbursed from the client's account(s), including any fees paid directly
to Gearhart & Associates.

Clients may make additions to and withdrawals from their account at any time, subject to Gearhart &
Associates’s right to terminate an account. Additions may be in cash or securities provided that the Firm
reserves the right to liquidate transferred securities or decline to accept particular securities into a client’s
account. Clients may withdraw account assets at any time on notice to Gearhart & Associates, subject to
the usual and customary securities settlement procedures. However, the Firm generally designs its portfolios

Gearhart & Associates                                                                   Disclosure Brochure

as long-term investments and the withdrawal of assets may impair the achievement of a client’s investment
objectives. Gearhart & Associates may consult with its clients about the options and implications of
transferring securities. Clients are advised that when transferred securities are liquidated, they may be
subject to transaction fees, short-term redemption fees, fees assessed at the mutual fund level (e.g.
...

Item 7 - Types of Clients

 Gearhart & Associates offers investment management and financial planning services to individuals,
 including high net worth individuals, families, family offices, trusts, businesses, charitable foundations,
 and retirement/profit-sharing plans. Gearhart & Associates does not impose a minimum portfolio size or
 a minimum initial investment to open an account. However, Gearhart & Associates does reserve the
 right to accept or decline a potential client for any reason in its sole discretion.