Brazos Capital LLC

Item 5 Fees and Compensation
Portfolio Management Services
Our annual fee for portfolio management services varies between 0.75% to 2.00% depending upon the
market value of your assets under our management, the type and complexity of the asset management
services provided, as well as the level of administration requested either directly or assumed by the
client. Assets in each of your account(s) are included in the fee assessment unless specifically
identified in writing for exclusion. On occasion and in our sole discretion we may agree to charge a
lower fee than the minimum specified above.

Our annual portfolio management fee is billed and payable, monthly in arrears, based on the average
daily balance of your account determined at the end of the billing period. Certain legacy or existing
clients may be billed under a prior fee structure.

If the portfolio management agreement is executed at any time other than the first day of a calendar
month, our fees will apply on a pro rata basis, which means that the advisory fee is payable in
proportion to the number of days in the month for which you are a client. Our advisory fee is
negotiable, depending on individual client circumstances.

At our discretion, we may combine the account values of family members living in the same household
to determine the applicable advisory fee. For example, we may combine account values for you and
your minor children, joint accounts with your spouse, and other types of related accounts. Combining
account values may increase the asset total, which may result in your paying a reduced advisory fee
based on the available breakpoints in our fee schedule stated above.

We will deduct our fee directly from your account through the qualified custodian holding your funds
and securities. We will deduct our advisory fee only when you have given our firm written authorization
permitting the fees to be paid directly from your account. In the event a fee for an
account is debited from a different account (Example: IRA accounts, 529 accounts or Non-
Discretionary accounts), a schedule outlining the "Original Account" and the "Account to be Billed" will
be discussed with the client and laid out in the Client Investment Policy Statement. The qualified
custodian will deliver an account statement to you at least quarterly. These account statements will
show all disbursements from your account. You should review all statements for accuracy.

You may terminate the portfolio management agreement upon 30 days written notice. You will incur a
pro rata charge for services rendered prior to the termination of the portfolio management agreement,
which means you will incur advisory fees only in proportion to the number of days in the month for
which you are a client. For those legacy clients that have pre-paid advisory fees that we have not yet
earned, you will receive a prorated refund of those fees.

Asset Allocation, Financial Planning and Financial Consulting Services
Depending on the arrangements made at the inception of the engagement we may agree to charge
you a fixed fee for asset allocation, financial planning, and financial consulting services, which
generally ranges between $5,000-$20,000. However, our fee could, in certain circumstances rise as
high as $100,000 or more for certain high net worth clients. The fee is negotiable depending upon the
complexity and scope of the project, your financial situation, and your objectives. In limited
circumstances, the cost/time could potentially exceed our initial estimate. In such cases, we will notify
you and request that you approve any additional fee. We do not require you to pay fees six or more
months in advance and in excess of $1,200.

We may also, on occasion, agree to an hourly fee rather than a fixed fee. In such case our fee will be
$300 per hour. We may also, in our sole discretion, agree to negotiate this hourly rate depending on
the complexity and scope of the project your financial situation, and your objectives.

Our fees are payable monthly in arrears. You may terminate the investment advisory agreement by
providing 5 days written notice to our firm in accordance with the terms of the agreement for services.
The asset allocation fee will be prorated for the month in which the termination notice is given, which
means that you will incur advisory fees only in proportion to the number of days in the month for which
you are a client.

Selection of Other Advisers
The advisory fee you pay to the TPMM is separate and apart from the advisory fee you pay
us. Further, we will not share our advisory fee with the TPMM and they will not share any part of their
fee with us. The advisory fee paid to the TPMM is established and payable in accordance with the
brochure provided by each TPMM to whom you are referred. These fees may or may not be
negotiable.

You will be required to sign an agreement directly with the recommended TPMM(s). You may
terminate your advisory relationship with the TPMM according to the terms of your agreement with the
TPMM. You should review each TPMM's brochure for specific information on how you may terminate
your advisory relationship with the TPMM and how you may receive a refund, if applicable. You should
contact the TPMM directly for questions regarding your advisory agreement with the TPMM.

Family Office and Wealth Planning Services
Depending on the arrangements made at the inception of the engagement we may agree to charge
you either a fixed fee or an hourly fee for Family Office and Wealth Planning Services. This fee is
negotiable, depending on the complexity of your holdings, financial situation and objectives and the
nature and extent of planning and analysis required. Our hourly fee is $300. Fixed fees may range
from $20,000 to $100,000. The fees are due and payable as invoiced. If we are also managing your
portfolio(s) we may, alternatively charge you a percentage of the assets we manage or a hybrid
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Item 7 Types of Clients
We offer investment advisory services to individuals (other than high net worth individuals), high net
worth individuals and corporations or other businesses not listed above.

In general, we require a minimum of $1,000,000 to open and maintain an advisory account. At our
discretion, we may waive this minimum account size. For example, we may waive the minimum if you
appear to have significant potential for increasing your assets under our management.

We may also combine account values for you and your minor children, joint accounts with your
spouse, and other types of related accounts to meet the stated minimum.