Mosaic Advisors LLC

Item 5 | Fees & Compensation
Flat Retainer
Mosaic operates on a flat retainer for each engagement. We use the term "flat retainer" because it better
reflects the nature of our work: providing ongoing, comprehensive advice rather than transaction-based or
product-driven services. Mosaic does not charge hourly fees, project-based fees, commissions, or asset-
based portfolio management fees calculated as a percentage of assets under management, assets under
advisement, or net worth.

Mosaic's flat retainer is designed to reflect the scale, scope, and complexity of each client family's
circumstances, holdings, and priorities — not the family's net worth or investable assets. Complexity is
driven by factors such as the number of entities, trusts, and family members involved; the diversity and
illiquidity of holdings; the jurisdictional reach of income and estate tax planning; the quality and accessibility
of the family's financial data and records; the nature of family dynamics and interpersonal relationships;
the stage and structure of closely held businesses; ongoing transaction activity; the size, sophistication, and
collaboration of the existing advisory team; and the depth of coordination required among the family's
outside advisors. Net worth is only loosely correlated with complexity. Some of Mosaic's most successful
client families maintain well-staffed internal teams and deeply experienced professional advisors, which
reduces the coordination burden Mosaic absorbs — and may result in a lower retainer than a family with a
smaller net worth but greater structural complexity and fewer existing resources. Two families with
identical net worth may have materially different retainers because the work required to serve them differs
materially. Retainers are set at Mosaic's discretion and are negotiable, which may result in different
retainers for similarly situated client families.

Retainers are payable quarterly in advance upon Mosaic's presentation of an invoice. Payment is due upon
receipt. Client families may elect to pay by check, ACH, or wire, or may authorize Mosaic's retainer to be
deducted from a custodial account at Schwab. Schwab does not verify the accuracy of Mosaic's advisory
fee calculation. Both Mosaic's Engagement Letter and the custodial agreement may authorize Schwab to
debit the account and remit the retainer to Mosaic in compliance with applicable regulatory procedures.

The flat retainer is typically higher during the first four to twelve quarters of an engagement to reflect the
increased scope and complexity of initial planning, implementation, and coordination work. As the
engagement matures and transitions into a maintenance and monitoring phase, retainers may be reduced.

For example, in 2026, initial retainers typically begin at $100,000 per quarter. Beginning in the fourth
quarter, retainers typically reduce to $75,000 per quarter. Beginning in the ninth quarter, an annual Cost-
of-Living Adjustment ("COLA") of 5.0% is applied. The specific retainer amounts, phase transitions, and
COLA terms are set forth in the Engagement Letter executed by the client family.

Partial quarters are prorated based on the number of days between executing the Engagement Letter and
the end of the calendar quarter.

                            3773 Richmond Ave | Suite 700 | Houston | TX | 77046 | (713) 980-4100

Independent Professional Advisors

Mosaic's retainer does not include fees charged by independent professional advisors that may be engaged
by or on behalf of the client family to implement recommendations arising from Mosaic's advisory services.
These independent professionals may include, without limitation, attorneys, accountants, tax return
preparers, appraisers, actuaries, investment managers, insurance professionals, corporate trustees,
valuation specialists, and other consultants. Their fees are established independently, are separate from
Mosaic's engagement, and are payable directly by the client family to each respective advisor.

Mosaic may recommend specific independent professional advisors based on the firm's experience and the
particular needs of the client family. However, the client family retains sole discretion over whether to
engage any recommended professional and is free to select advisors of its own choosing. Mosaic does not
accept referral fees, commissions, or any other form of compensation from independent professional
advisors for recommending their services. Mosaic does not pay referral fees, commissions, or any other
form of compensation to any individual or entity for the introduction or referral of client families to Mosaic.

                           3773 Richmond Ave | Suite 700 | Houston | TX | 77046 | (713) 980-4100

Portfolio Management Fees

Mosaic's flat retainer covers the full scope of services described in each client family's Engagement Letter,
including portfolio oversight and portfolio management. If a client family elects to have Mosaic manage
assets on a discretionary or non-discretionary basis, the retainer does not change and is not adjusted based
on the value of assets under management. Mosaic does not charge a separate or additional fee for portfolio
management services. This approach simplifies the commercial arrangement between Mosaic and the
client family, providing significant transparency.

Mosaic may recommend that a client family allocate a portion of its liquid investments to unaffiliated,
independent portfolio managers ("Independent Managers") for discretionary portfolio management of the
allocated assets. Independent Managers may include, without limitation, providers of Separately Managed
Accounts ("SMAs"), direct indexing strategies, and options-based overlay strategies.

Current Independent Managers utilized by Mosaic include BlackRock (taxable and tax-free bonds), Aperio
(a wholly owned subsidiary of BlackRock that manages custom direct index portfolios, primarily for tax-loss
...

Item 7 | Types of Clients
Mosaic typically serves entrepreneurial families and the legal, tax, business, and investment structures they
rely on to own, grow, protect, and transfer their hard work to the people and causes that are most
important to them. These structures include, without limitation, revocable and irrevocable trusts, estates,
private foundations, Donor Advised Funds, supporting organizations, limited liability companies, limited
partnerships, corporations, private trust companies, and family offices.

In order for a family to receive maximum value from a Mosaic engagement, we have found that a total net
worth of more than $100,000,000 is generally appropriate. For this purpose, total net worth includes both
liquid holdings (cash, stocks, bonds) and illiquid holdings (closely held operating companies, real estate,
private investments, and other hard-to-value assets) — a measure that reflects the full scope of the family's
balance sheet, consistent with how the Internal Revenue Service values a taxpayer's gross estate.

Mosaic intentionally limits the number of client families it serves in order to maintain the depth and quality
of each engagement. Mosaic does not generally serve individuals in isolation — Mosaic serves families. The
families Mosaic works with are typically founders — often first-generation builders who created something
from scratch — who view their success through the lens of stakeholders, not just shareholders. Mosaic
may, in its sole discretion, accept or decline new client families based on factors such as the complexity of
the family's holdings and planning needs, the presence of a closely held operating business, referrals from
existing client families or professional advisors, or other circumstances that Mosaic believes make the
engagement mutually beneficial.

                           3773 Richmond Ave | Suite 700 | Houston | TX | 77046 | (713) 980-4100