Sentry Management Inc

Item 5-Fees and Compensation

Sentry Management, Inc. fees are normally based on a percentage of assets under management
or may be negotiated as a fixed fee based off services provided. On Municipal advisory, the fees
are transaction based on the municipal bond issue. Clients may receive a refund on a pro-rata
basis if a forward fee is paid and the contract is terminated prior to service provided.

Sample fee agreements follow:

940-696-2100     5 Eureka Circle, Suite E   Wichita Falls, Texas 76308   www.sentrymanagement.com

Sentry Management, Inc
Form ADV-Part 2A
December 31, 2025

                                      DISCRETIONARY
                               LETTER OF AGREEMENT

        This Agreement is made, and entered into by
(Client) and Sentry Management, Inc. (Manager) on this                                    day of
               , 20     .

        Whereas, the Client requests the Manager to serve as Investment

Manager for specifically enumerated assets in Schedule I owned by the Client.
    Now, therefore, it is covenanted and agreed as follows:

               The Client appoints and employs the Manager as
               investment manager for those assets itemized in Schedule
               I (Assets) as of this day of           , 20 .

               The Manager is given full discretion in managing the
               Assets of the Client with respect to purchases, sales,
               exchanges, and other generally accepted actions which, in
               the opinion of the Manager, enhances the Assets’ total
               return. The Manager is specifically prohibited from
               directing money to be transferred out of the Client’s
               account.

               The Assets will be held in custody for the Client at
                                     . The custodian is authorized to
               accept instructions from the Manager in executions of
               transactions for the Client’s assets. All assets,
               investments, and cash will remain with the Custodian.

               The Manager shall maintain separate records of each
               transaction executed for the Client. Additionally, the Client
               will be furnished a confirmation on each transaction on a
               timely basis. The Manager will provide a summary
               performance report of the Client’s assets no less frequently
               than quarterly.

940-696-2100    5 Eureka Circle, Suite E   Wichita Falls, Texas 76308   www.sentrymanagement.com

Sentry Management, Inc
Form ADV-Part 2A
December 31, 2025
     The fee for services described in this Agreement will be calculated from the

     attached Exhibit A. Fees are payable quarterly in advance, and based on the

     Assets’ values as of the end of the previous quarter. The Assets’ values shall
     be based on third party valuations and will include cash.

     Fees for partial quarters shall be pro-rated based on the proportion of days in
     the quarter for which services are provided.

        SMI recognizes the information received from the Client is private and for

the expressed use of producing the above described reports and services and
the information is not to be used by SMI for any other purposes without the

expressed approval of the Client. SMI will take all reasonable actions to assure

the privacy of the Client’s information, including instructions to all employees and

the safeguarding and segregation of the Client’s files.

        This Agreement may be canceled, without penalty, within five (5)
business days of the date of this Agreement’s execution. After five (5)

business days, the Agreement may be canceled by the Client or Manager

with thirty (30) days written notice.
     This Agreement may not be assigned and need not be formally renewed.

                                                          ACKNOWLEDGED AND AGREED
                                                            SENTRY MANAGEMENT, INC.

                                                  By

                                                  Date

ACKNOWLEDGED AND AGREED

By

940-696-2100    5 Eureka Circle, Suite E   Wichita Falls, Texas 76308   www.sentrymanagement.com

Sentry Management, Inc
Form ADV-Part 2A
December 31, 2025
Date

                                           EXHIBIT A

                     FEE SCHEDULE - DISCRETIONARY

                                              TAXABLE FIXED INCOME PORTFOLIOS

        .35%                                 On First                             $ 5,000,000

        .30%                                 On Next                              $20,000,000

        .25%                               On All Over                            $25,000,000

                                                 MUNICIPAL (TAX-FREE) PORTFOLIOS

        .15%                                 On First                            $ 20,000,000

        .10%                               On All Over                            $20,000,000

               NOTE:             Fees are payable quarterly, in advance.
                                 Minimum Annual Fee - $3,000.

940-696-2100    5 Eureka Circle, Suite E    Wichita Falls, Texas 76308   www.sentrymanagement.com

Sentry Management, Inc
Form ADV-Part 2A
December 31, 2025

                                               – SAMPLE –

                                    NON-DISCRETIONARY
                                   LETTER OF AGREEMENT

        This Agreement is made, and entered into, by                                      (Client)

and Sentry Management, Inc. (Manager). The Client requests the Manager

perform as investment adviser to the Client and, in serving as investment

adviser, the Manager agrees to provide the following:

               Initially, meet with Management and/or Board Members to discuss
               the Investment Portfolio’s (IP) credit quality, maturity distribution,
...

Item 7 – Types of Clients and Account Requirements
Item 8 – Method of Analysis, Investment Strategies and Risk of Loss