Sequent Asset Management LLC

Item 5 - Fees and Compensation

(1) Family Office Wealth Management Services

Sequent’s family office wealth management services fee is based on the investable assets under
management utilizing the following schedule:

Assets Under                                   Annualized Fee Applicable to Each
Management                                     Tier of Assets Under Management

First $1 million                                              1.00%
Next $2 million                                               0.90%
Next $2 million                                               0.80%
Next $5 million                                               0.65%
Next $10 million                                              0.50%
Over $20 million                                              negotiable

In certain cases, a minimum fee may be charged as outlined in the Investment Management Agreement.
Notwithstanding the above, all advisory fees and investment management fees are negotiable.
Notwithstanding the above, certain founding client families may have fee arrangements that are lower
than the fees in the Firm's schedule.

Fees are calculated for each tier by multiplying the assets under management in such tier by the
relevant annual percentage rate and then allocating the percentage of the fee attributable to the quarter
based upon the actual number of days in the quarter. The fees attributable to each tier are then summed
to determine the total fee for the quarter. Fees are normally payable quarterly in advance. Such fees
may be deducted from client's account(s) quarterly within thirty (30) days following the beginning of
the quarter for which said fees will be incurred, or such later date as the calculation of the fee for such
period may require. Fees for the initial period may be adjusted pro‐rata based upon the number of
calendar days in the calendar quarter when the Agreement goes into effect. We maintain a Limited
Power of Attorney for all discretionary accounts for the purposes of directing and or otherwise
effecting investments on behalf of the managed account, for the direct payment of our fees and or the
payment of commissions, custodial fees and or other charges incurred by the managed account.

To the extent mutual funds are selected to fill components of the overall investment strategy, the
annual advisory fee set forth above does not include the customary fees and expenses associated
with investing in mutual funds or other costs of establishing and maintaining an account with a
mutual fund company including Rule 12b‐1 fees and expenses. Client families are advised that, in
addition to the annual advisory fee set forth above, each mutual fund in which assets are invested
will incur separate investment advisory fees and other expenses for which the client will bear a
proportionate share. Again, Sequent is a fee‐only firm and does not receive compensation directly
or indirectly from mutual fund companies.

(2) Investment Management Services

Sequent will provide stand-alone discretionary investment management services for a negotiated fee.
Typically, the fees are based on assets under management. Our clients are responsible for other
charges that may apply to the management of their account or custody of their assets. Additional
charges may be levied for services, outside valuations or legal fees. The client is responsible for any
additional Investment Adviser, Operational or Transactional fees. Our fee can differ between clients
based on size, complexity, or other variables.

(3) Financial Counseling Services

Sequent’s Financial Counseling Services are provided on a project basis for a fee quoted in advance.
The typical fee range is betw een $1,000 and $25,000 depending on the complexity of the situation.

A follow up letter or report will cover needs/goals and any recommendation or action steps. An initial
review, provided at no cost, is required so that Sequent can provide a written proposal as to the
services, expectations, and fees a client family should expect.

(4) Additional Fees and Expenses

Advisory fees payable to us do not include all the fees clients will pay when we purchase or sell
securities for their account(s). The following list of fees or expenses are what client families pay
directly to third parties, whether a security is being purchased, sold or held in their account(s)
under our management. The fees charged are set by the broker/dealer / custodian.

We do not receive, directly or indirectly, any of these fees that may be charged. They are paid to the
broker, custodian or the mutual fund or other investment held. The fees include:

     1. Brokerage commissions;
     2. Transaction fees;
     3. Exchange fees;
     4. SEC fees;
     5. Advisory fees and administrative fees charged by Mutual Funds (MF), Exchange Traded
        Funds (ETFs);
     6. Advisory fees charged by sub‐advisers (if any are used for your account);
     7. Custodial Fees;
     8. Deferred sales charges (on MFs or annuities);
     9. Odd‐Lot differentials;
     10. Transfer taxes;
     11. Wire transfer and electronic fund processing fees;
     12. Commissions or mark‐ups / mark‐downs on security transactions; and
     13. Other costs that may be incurred.

In addition, we do not have or employ any “Employee” that receives (directly or indirectly) any
compensation from the sale of securities or investments that are purchased or sold for a client’s
account or to which we provide consulting expertise / services. As a result, we are a “fee only”
investment adviser. Other than our fees set forth above, we do not receive any other compensation
from the client assets that we manage.

(6) Termination

The relationship may be terminated by either party upon 30 days’ written notice. If fees are paid in
arrears, a final fee will be charged which will be prorated according to the number of days for which
we provided our investment advisory services during the current quarter. In the event of the
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Item 7 - Types of Clients

We provide our services to a number of clients:

     •   Individuals, including closely held business owners, senior corporate executives, and retirees;

     •   Trusts, estates, charitable organizations, private foundations; and

     •   Corporations or other business groups.