Austin Asset Management Co

Item 5          Fees and Compensation

WEALTH MANAGEMENT FEES

In consideration of the services provided by Austin Asset, Client will pay an annual fee (the “Fee”) to Austin Asset
based on Client’s Accounts’ assets under management (“AUM”). The Fee shall be calculated as follows:

                           $5,000 as flat fee; plus:

                           0.65% of the amount up to $7,500,000 AUM
                           0.40% of the amount from $7,500,001 to $15,000,000 AUM
                           0.30% of the amount from $15,000,001 to $25,000,000 AUM
                           0.25% of the amount over $25,000,000 AUM

The Fee is calculated on a cumulative basis and is payable in quarterly installments in advance. AUM is determined
on a quarterly basis. For each Account within the total of AUM, valuation is determined, as near as practicable, as
of the last business day of the calendar quarter ended for which tracking is provided. AUM includes all assets in
Client’s Accounts.

If the assets in the Accounts are insufficient to satisfy the Fee, Austin Asset shall invoice Client for the Fee and
Client shall pay such invoiced amount no later than fifteen (15) days after its receipt thereof. In the event of a
termination of this Agreement, a pro rata portion of the Fee, based on the number of days remaining in that
calendar quarter, shall be refunded by Austin Asset to Client, minus any amounts owed to Austin Asset for Account
Expenses (defined herein) and any reserves or holdbacks for expenses.

The minimum annual fee is $5,000. From time to time, external discretionary asset values are temporarily
unavailable. In such circumstances, Austin Asset attempts to retrieve the value as of the last day of the quarter. If
not available, fees will be calculated once values are obtained. Clients with contracts prior to May 1, 2019 will
remain on their existing fee schedule until they are changed to the current fee schedule by their written
authorization. Although Austin Asset has established the aforementioned fee schedule(s), we retain the discretion
to negotiate alternative fees on a limited client-by-client basis. Each client's fee schedule is identified in the
contract between adviser and client.

We may group related client accounts for the purposes of determining annualized fees. Discounts, not generally
available to our advisory clients, may be offered to family members and friends of associated persons of our firm.

Austin Asset
7200 N. Mopac, Suite 315                Direct   512.453.6622         www.austinasset.com
Austin, TX 78731                        Fax    512.453.4253           compliance@austinasset.com

Part 2A of Form ADV: Firm Brochure

GENERAL INFORMATION

Termination of the Advisory Relationship: A client agreement may be canceled at any time, by either party,
for any reason upon receipt of written notice. As disclosed above, certain fees are paid in advance of services
provided. Upon termination of an agreement, any prepaid, unearned fees will be promptly refunded. In calculating
a client’s reimbursement of fees, we prorate the reimbursement according to the number of days remaining in the
billing period.

Mutual Fund Fees: All fees paid to Austin Asset for investment advisory services are separate and distinct
from the fees and expenses charged by mutual funds and/or ETFs to their shareholders. These fees and expenses
are described in each fund's prospectus. These fees will generally include a management fee, other fund expenses,
and a possible distribution fee. If the fund also imposes sales charges, a client may pay an initial or deferred sales
charge. A client could invest in a mutual fund directly, without our services. In that case, the client would not
receive the services provided by our firm which are designed, among other things, to assist the client in
determining which mutual fund or funds are most appropriate to each client's financial condition and objectives.
Accordingly, the client should review both fund expenses and our fees to fully understand the total amount of fees
to be paid by the client and to evaluate the advisory services being provided.

Additional Fees and Expenses: In addition to our advisory fees, clients are also responsible for the fees and
expenses charged by custodians and imposed by broker dealers, including, but not limited to, transaction charges
imposed by a broker dealer with which an independent investment manager effects transactions for client's
account(s). Please refer to the "Brokerage Practices" section (Item 12) of this Form ADV for additional information.

ERISA Accounts: Austin Asset is deemed to be a fiduciary to advisory clients that are employee benefit plans
or individual retirement accounts (IRAs) pursuant to the Employee Retirement Income and Securities Act ("ERISA"),
and regulations under the Internal Revenue Code of 1986 (the "Code"), respectively. As such, our firm is subject to
specific duties and obligations under ERISA and the Internal Revenue Code that include, among other things,
restrictions concerning certain forms of compensation. To avoid engaging in prohibited transactions, Austin Asset
may only charge fees for investment advice about products for which our firm and/or our related persons do not
receive any commissions or 12b-1 fees, or conversely, investment advice about products for which our firm and/or
our related persons receive commissions or 12b-1 fees, however, only when such fees are used to offset Austin
Asset's advisory fees.

Advisory Fees in General: Clients should note that similar advisory services may (or may not) be available
from other registered (or unregistered) investment advisers for similar or lower fees.

Limited Prepayment of Fees: Under no circumstances do we require or solicit payment of fees in excess of
$1,200 more than six months in advance of services rendered.

Direct Deduction of Fees: Investment management fees are typically deducted from clients’ accounts at the
...

Item 7          Types of Clients

Austin Asset provides advisory services to the following types of clients:
    • High net worth individuals
    • Individuals (other than high net worth individuals)
    • Pension and profit sharing plans (other than plan participants)
    • Charitable organizations
    • Corporations or other businesses not listed above