ABRA Capital Management LP

Item 5 – Fees and Compensation

  A. Advisory Fees

Adviser charges Clients an Advisory fee for investment management services provided to Client
accounts. Advisory Fees generally range from 0.20% to 2.00% annually, depending on the
investment strategy selected, the size and composition of the Client’s portfolio, and the scope of
services provided.

Specific fee schedules and billing arrangements are disclosed in each Client’s Advisory Agreement
and for strategy selections available through the Abra Application.

Typical Advisory fee ranges include:

Strategy / Service                              Annual Advisory Fee
Digital Asset Custody                           0.20% of assets under management
Staking and Yield Strategies (ETH, SOL,
                                                up to 1.00% of assets under management
USDC)
Digital Income Strategy                         up to 2.00% of assets under management
                                                approximately 0.20% of assets under
Collateral or Loan Management
                                                management

Advisory Fees compensate Adviser for services including:
   • portfolio management
   • digital asset strategy development
   • risk monitoring and oversight
   • execution oversight
   • reporting and client servicing

Advisory Fees are separate from trading spreads, blockchain network fees, lending costs, staking
infrastructure costs, or other third-party service fees, some of which are described below.

Adviser may negotiate Advisory fees with certain Clients.

 Yield Strategies (Yield, Lending, and Digital Asset Income)

Certain strategies seek to generate yield or income from digital asset holdings through activities
which may include:

   •   on-chain digital asset lending
   •   validator staking participation
   •   on-chain liquidity provisioning
   •   basis trades

Certain strategies may reference target or anticipated yield ranges for illustrative purposes only.
Such targets are not guaranteed and may not be achieved. Clients that allocate to these strategies
are not separately charged an asset-based Advisory fee, unless otherwise disclosed Rather where
excess yield is generated an Advisory fee may be calculated and earned. This structure creates
conflict of interest because Adviser has an incentive to generate excess yield and utilize strategies
capable of producing excess yield. Adviser addresses this conflict through internal supervisory
procedures including:

   •   strategy risk oversight
   •   counterparty due diligence
   •   portfolio monitoring
   •   compliance review

Yield targets, anticipated returns, or income rates are never guaranteed and will fluctuate based on
market conditions and volatility, counterparty performance, blockchain network conditions,
protocol changes, liquidity constraints, and other risks.

 Fee Calculation and Digital Asset Valuation

Advisory Fees calculated on value are based on Digital Assets held in Client accounts. Digital
Assets valued using the U.S. dollar are based on the closing price as of 23:59:59 Coordinated
Universal Time (UTC) on the final day of the relevant billing period. Pricing data is generally
sourced from widely recognized digital asset pricing aggregators that compile market data from
multiple exchanges. Such pricing sources may include CoinMarketCap or similar pricing
providers.

Because Digital Asset prices can vary between trading venues, price differences affect asset
valuations and any calculations based upon such values. ACM seeks to apply a consistent valuation
methodology in adopting valuation policy.

                                         Abra Capital Management, LP
                                         1160 Battery Street East, Suite 100
                                          San Francisco, California 94111

 Billing Practices and Fee Deduction

Advisory Fees based on the average daily balance of assets under management during the billing
period are generally calculated monthly in arrears. Clients authorize Advisory Fee payment in
accordance with the terms of the Advisory Agreement.

For each digital asset in a yield or collateral strategy, ACM arrives at both in-kind and USD end-
of-day value. The sum of those daily values is divided by the number of days in the month to arrive
at the average daily balance (ADB). ADB is used to calculate the monthly fee by multiplying it at
the monthly fee rate (1/12 of the annual fee rate) which can vary by product and strategy.

The ACM’s end of the month invoice details itemized fee calculations. ACM does an automate
sweep of the invoiced amount from the reserve portion of account. Where USDC is not available
the equivalent value of BTC or ETH may be used. If there aren’t sufficient assets the balance will
roll forward to future invoices. Client should be aware that fees and costs paid in-kind in BTC or
ETH can cause a taxable event. Client statements inform on:

•   assets under management
•   digital asset balances
•   transaction history
•    unrealized gains and losses
•   Advisory fees charged
•   portfolio allocations

Nonpayment of fees or costs can cause restrictions on further transactions other than liquidation,
and accrue other costs, until payments are satisfied, all subject to the Advisory Agreement and in
accordance with the Adviser’s fiduciary duties.

   B. Other Costs and Expenses
Advisory Fees described above do not include the costs and expenses that may be associated with
digital asset transactions or services chosen by the Client. In such cases, Clients will incur
additional expenses not limited to:

       •   Digital Asset trading or swapping spreads, including Digital Asset wrapping fees
       •   blockchain transaction fees, such as network transaction fees or bridging fees
       •   USD/Digital Asset conversion fees
       •   wire fees
       •   staking validator infrastructure costs
       •   lending counterparty fees
...

Item 7 - Types of Clients

  A. Minimum Account
There is no minimum account size for Clients.

  B. Clients
ACM generally provides Advisory Services to:

   1. SMAs, for individuals, trusts, family offices and institutions; and

   2. Legacy funds Abra Tron Trust, a Delaware statutory trust, Abra Zilliqa Trust, a Delaware
      statutory trust and Plutus Lending LLC (“PLL Fund”) a Delaware limited liability
      company are not open to new investors. The PLL Funds are legacy accounts. The fee
      structures and investment objectives and strategies are detailed in the respective Fund
      Offering Documents. The Funds are exempt from registration under the Investment
      Company Act of 1940 as amended, and whose securities are not registered under the
      Securities Act of 1933 as amended.