MRAZ, AMERINE & ASSOCIATES, INC.

MAA provides financial planning, consulting, and investment management services. Clients are required to enter into written agreements with MAA setting forth the terms and conditions under which MAA renders its services. MAA provides discretionary or non-discretionary investment management services to Plan(s). MAA also offers additional services to the Plan including periodically reviewing the Plan(s) investment vehicles and investment policy statements, and will recommend changes in the plan's investment vehicles, as appropriate. MAA will assist in establishing the investment objectives of the Plan, the asset types and classes to be offered under the Plan, the number of investment options to be offered under each class of investment and select a qualified default investment alternative (“QDIA”) along with determining the continuing suitability of a QDIA. Additionally, MAA may provide participant education meetings and provide educational materials to participants in the Plan, advising them of features, benefits, and investment options under the Plan.

MAA employs a disciplined, value-oriented approach to align client interests with recommended investments. The firm seeks superior long-term, tax-efficient growth of principal by purchasing securities that meet specific qualitative and quantitative criteria. These criteria include good management partners with significant ownership, capable operators, responsible capital allocators, trustworthiness, and a shareholder-oriented mindset. MAA also looks for attractive businesses that are understandable, financially sound, competitively entrenched, and have a history of generating growing free cash flow. The firm aims to purchase these businesses at a price substantially below their long-term intrinsic value.

(Subscription Required)