Balentine LLC

Item 5: Fees and Compensation

Description and Fee Billing

INVESTMENT MANAGEMENT SERVICES FEES

Balentine’s fee for providing comprehensive wealth management services depends on several factors. These
factors include the type of services provided and the value of the investment capital placed under the Firm’s
management.

Balentine’s compensation for its wealth management services is calculated and payable in accordance with the
agreed-upon fee schedule. Balentine applies the fee schedule to the market value of assets in the client's
accounts, as reasonably determined by the Firm. Client assets that are managed by a Third-Party Manager
inside a private placement life insurance or variable annuity contract are included in the client’s assets under
management when calculating Balentine’s advisory fee. In certain circumstances, fees may be modified from
the existing schedule. With a few exceptions, which are quarterly in arrears, monthly or quarterly in advance,
Balentine’s fees are calculated monthly in arrears using the average daily value of all days in the billing
period, divided by the number of days in that period. The Private Funds are generally calculated using a
quarterly valuations. Balentine clients do not pay investment management fees in advance, although some
clients prepay financial planning and consulting engagements.

Generally, Balentine deducts its fees from client accounts. In select cases, some clients initiate payments for
Balentine’s fees via check or ACH transfer.

Balentine receives no internal management fee from the Private Funds. Assets in the Private Funds are included
in Clients’ total assets under management and are subject to the fee schedule outlined. The information
provided in this Brochure regarding fees and expenses is not intended to be complete or final and is qualified
in its entirety by the governing documents for the Private Funds. Investors should read and review the
governing documents to fully understand the types of fees and expenses that are paid by the Private Funds.

In addition to charging based upon a percentage of assets under management, Balentine charges some clients
fixed dollar fees ($) or fixed percentage fees (%), dependent upon the scope of services provided.

Client fees charged by Balentine are set forth in the Investment Management Agreement (the “Management
Agreement”) between Balentine and the client. In the event that the relationship begins after the first day
of a calendar month, the first payment of fees is assessed on a prorated basis. In the event that the
Management Agreement is terminated, Balentine's fees will generally stop when their assets are removed
from the firm. Clients must provide written notification of termination.

All fee arrangements are designed to be consistent with the requirements of applicable laws and
regulations, including the Advisers Act and the Employee Retirement Income Security Act (“ERISA”). The
standard fee schedule (the “General Fee Schedule”) for wealth management services is provided below,
although it may be modified and updated from time to time.

Additionally, Balentine offers Global Tactical Asset Allocation services to institutional clients. The standard fee
schedule (the “Institutional Global Tactical Asset Allocation Fee Schedule”) for these services is provided
below, although it may be modified and updated from time to time.

General Fee Schedule

                       Assets                                           Fee Schedule
                  First $5 Million                                          1.00%
                 Next $7.5 Million                                          0.75%
                 Next $10 Million                                           0.60%
                 Next $10 Million                                           0.50%
                 Next $25 Million                                           0.40%
                 Next $25 Million                                           0.30%
                Next $17.5 Million                                          0.25%
                 Next $150 Million                                          0.20%
                Over $250 Million+                                          0.15%

In certain circumstances, Balentine may, in its sole discretion, consider clients below $5,000,000 as follows:

                          Assets                                            Fee Schedule
                  First $2.5 Million                                           1.25%
                  Next $2.5 Million                                            0.75%

Not-for-Profit Clients

Continuing the Firm’s rich history of serving the greater community, Balentine is pleased to offer a 20%
discount to the above fee schedule for its not-for-profit clients.

Global Tactical Asset Allocation Fee Schedule (Institutional Investors)

                         Assets                                        Fee Schedule
                 First $50 Million                                         0.65%
                 Next $50 Million                                          0.55%
                 Next $50 Million                                          0.45%
               Over $150 Million+                                          0.40%

Other Fees and Expenses
There are additional charges that can result from the reporting on and maintaining a client’s account. Such
fees and costs may include, but are not limited to, custodian and brokerage fees, legal and accounting
fees, and third-party manager fees. Please refer to Item 12 Brokerage Practices.

The fees and expenses of third-party sub-advisers and funds (including mutual funds and ETFs) managing client
assets (including, as applicable, any performance-based fees), commissions for trade execution, custody fees,
and other third-party charges connected with the third-party sub-advisers and funds are paid by the Balentine
...

Item 7: Types of Clients

Description
Balentine provides wealth management and investment advisory services to high-net-worth individuals,
individuals, and families; foundations, endowments, and other non-profit organizations; trusts and estates;
pension, profit sharing, and other retirement plans or vehicles; state or municipal government entities; outside
investment advisors; Private Funds; and operating businesses.

Account Minimums
As stated, the Firm’s minimum for actively managed client assets generally is $5 million, although the Firm has
and may, in its sole discretion, waive or reduce the minimum requirement.

The minimum investment for each Private Fund is disclosed in the Private Fund’s Confidential Private
Placement Memorandum.