Houston Family Office Association, Inc.

MEMBERSHIP PRINCIPLES

WHEREAS, the Houston Family Office Association, Inc. (“HFOA”) is an informal network of wealthy families and professionals serving such families as family office managers; and WHEREAS, Family office management involves serving as advisors, counselors and consultants to wealthy clients with respect to their business, legal, financial and personal interests and holdings; and WHEREAS, the purpose of HFOA is to serve as a resource to its members providing information and support through regular and special meetings and networking opportunities to address issues of particular interest to wealthy families and family offices; NOW, in consideration of the benefits of membership and participation in HFOA the members agree to abide by the following guidelines, principles and conditions:

1. Trust: HFOA is based on open communication and trust to facilitate the free exchange of information among its members to serve their respective employers and clients better.

2. Confidentiality: Each member will hold in strict confidence information about and

shared by other members. 3. Professionalism: Members shall at all times conduct themselves in a professional

manner and shall represent HFOA and its members as such. 4. Non-solicitation: Members shall not solicit the clients or staff of other member nor shall

they use HFOA for the sole purpose of promoting specific products or services. 5. Conflict of Interest: Each member and its representative(s) shall disclose any conflict

or potential conflict of interest when participating in any HFOA discussion, meeting or activity which would constitute a conflict of interest or appear as a conflict of interest for the member.

6. Cooperative Focus: The success of HFOA depends on open communication and a

cooperative, supportive environment among its members. If a competitive situation should arise, members will conduct themselves professionally, offering disclosures and abstentions as appropriate.

7. Member Management: HFOA operates on an honor system which assumes members

possess the highest level of integrity and will be respectful of the privacy of others. 8. Membership Roster: HFOA provides its member’s with an online membership directory

containing information provided by its members. All information contained in the directory is solely for the use of its members and cannot be copied, reproduced, distributed or otherwise disseminated in any other manner to any other individual, organization or industry service providers.