Avivar Capital LLC

Item 5: Fees & Compensation

    How We Are Compensated for Our Advisory Services

    We charge on a flat fee basis or percentage of assets for our services. Flat fees will not exceed
    $350,000 annually and asset based fees will not exceed 2.50% of assets under management. The
    total estimated fee, as well as the ultimate fee that we charge you, is based on the scope and
    complexity of our engagement with you and will be detailed in the executed agreement. Fees will
    generally be billed monthly or quarterly in arrears however we will make accommodations for clients
    requesting alternate billing methods on a case by case basis. The fee to be charged and billing cycle
    will be outlined in an advisory agreement for clients to sign. Payment for these fees can be made in
    the form of a check, wire or ACH transfer within 30 days of invoicing. Our firm does not require a
    retainer exceeding $1,200 when services cannot be rendered within 6 (six) months.

    Our firm will receive a portion of the fee charged by a third party investment adviser with whom
    Avivar has entered into a Professional Alliance, wherein Avivar acts as sub-adviser for shared
    clients. Clients will be provided with a copy of the Professional Alliance Agreement entered into with
    the third party investment adviser, and a copy of the Client Disclosure Document for their signature.

    Other Types of Fees & Expenses

    Clients will incur transaction charges for trades executed in their accounts. These transaction fees
    are separate from our firm’s advisory fees and will be disclosed by the chosen custodian. Clients may
    also pay charges imposed directly by a mutual fund, index fund, or exchange traded fund, which shall
    be disclosed in the fund’s prospectus (i.e., fund management fees, initial or deferred sales charges,
    mutual fund sales loads, surrender charges, variable annuity fees, IRA and qualified retirement plan
    fees, and other fund expenses). Our firm does not receive a portion of these fees. Additionally, on
    occasion, clients may pay for our transportation and lodging expenses when traveling to meetings
    at their request. This is not a requirement and is negotiated on a case by case basis if and when we
    are asked to attend functions that require long distance travel.

    Termination & Refunds

    We charge our advisory fees monthly or quarterly in arrears. If you wish to terminate our services,
    you need to contact us in writing and state that you wish to cancel the advisory agreement. Upon
    receipt of your letter of termination, we will proceed to close out your account and issue an invoice
    for the pro-rata advisory fee(s) for services rendered up to the point of termination.

    Commissionable Securities Sales

    We do not sell securities for a commission in our advisory accounts.

ADV Part 2A – Firm Brochure                       Page 5                                       Avivar Capital, LLC

Item 7: Types of Clients & Account Requirements

    We have the following types of clients:
       • Charitable Organizations including Public, Private and Community Foundations;
       • Financial Institutions;
       • Government Agencies;
       • Health Care Providers; and
       • High Net Worth Individuals and Families.

    We do not impose requirements for opening and maintaining accounts or otherwise engaging us.