Blue Haven Capital LLC

Item 5- Fees and Compensation

Blue Haven Capital is a fee-only registered investment advisor. The firm and its associated
persons do not receive commissions or third-party payments of any kind. We are
compensated solely by the advisory fees paid to us by our clients.

Clients pay us an annual asset-based advisory fee calculated as a percentage of the market
value (or in the rare instance market value cannot be determined, fair value) of their assets
under our management. Our standard fee schedule is as follows:

       Market Value of Client Assets                          Annual Fee
       $0-$250,000                                            1.25%
       $250,001-$500,000                                      1.00%
       $500,001 through $1,000,000                            0.90%
       $1,000,001 - $2,000,000                                0.85%
       $2,000,001 - $4,000,000                                0.80%
       $4,000,001 - $7,000,000                                0.70%
       $7,000,001 - $12,000,000                               0.55%
       $12,000,001+                                           0.37%

Blue Haven Capital’s fees are not negotiable, but we reserve the right to provide discounts
at our discretion. Family accounts may be grouped together in a household to calculate an
aggregate asset figure for purpose of calculating our advisory fees.

Blue Haven Capital will typically bill its advisory fees on a quarterly basis in arrears. The
fee will be equal to the agreed upon rate per annum, times the market value of the account
on the last day of the quarter, divided by four (4). For example, an account with assets of
$300,000 at the end of the quarter would be charged (1% x $300,000)/4 = $750. Our fees
are be prorated for accounts established or terminated in the middle of a billing period.
Upon termination of any account, any prepaid, unearned fees will be promptly refunded,
and any earned, unpaid fees will be due and payable. The specific manner in which fees
are charged by Blue Haven Capital is established in a client’s written investment advisory
agreement with the firm.

Clients are generally required to authorize us in writing to directly debit our advisory fees
from their designated account(s) held at the Custodian (typically, Charles Schwab & Co.,
Inc.). Your authorization for direct fee deduction will be set forth in our written investment
advisory agreement and/or on the forms required by the Custodian of your account(s). We
will liquidate money market shares or use cash balances from your account(s) to pay our
advisory fees when due, however, if money market shares or cash value are not available
other investments may be liquidated. Please note that unexpected or premature liquidation
of investments to pay our advisory fees may impair the performance of your account.

Your Custodian will independently send you an account statement to you typically
monthly, but no less than quarterly, identifying the amount of funds and each security in
your account at the end of the period and setting forth all transactions in your account
during the period, including the amount of any advisory fees paid to us. The Custodian is
not responsible for verifying our fee calculations. Therefore, we encourage you to review
the Custodian’s account statements carefully and promptly upon receipt. If you believe our
advisory fees have been miscalculated or if there is any other issue with your account, you
should contact us immediately at the phone number or e-mail address listed on the cover
page of this brochure.

In rare instances where we bill you directly, you will receive an invoice for our advisory
fees which is payable within ten (10) days of the date indicated on the invoice. Directly
billed advisory fees are payable to Blue Haven Capital via check, money order, wire
transfer, electronic funds transfer, or other method of payment deemed acceptable by the
firm.

Separate and in addition to our advisory fees, clients are responsible for certain other fees,
charges, and/or taxes in connection with our services. Such additional charges and fees
may be imposed by custodians, brokers, and other third parties, and may include, as
applicable, brokerage commissions, custodial fees, deferred sales charges, odd-lot
differentials, transfer taxes, wire transfer and electronic fund fees, and other similar
charges. Mutual funds and ETFs also have annual operating expenses called expense ratios

which you will separately bear. The nature and amount of these fees are disclosed in each
fund’s prospectus. These expenses are used to pay the manager of the mutual fund or ETF
and to cover other internal operational costs.

Such charges, fees and commissions are exclusive of and in addition to Blue Haven
Capital's fee, and Blue Haven Capital shall not receive any portion of these commissions,
fees, or costs.

Clients may terminate their relationship with us without penalty, for a full refund, on
written notice to us delivered within five (5) business days of signing our investment
advisory agreement. Following that, the firm or the client may terminate services at any
time by providing written notice of termination to the non-terminating party. As described
above, our advisory fees are prorated for accounts terminated in the middle of a billing
period based on the number of days services are provided. Upon termination of any
account, any prepaid, unearned fees will be promptly refunded, and any earned, unpaid
fees will be due and payable.

Rollover Considerations
As a firm policy, we do not provide recommendations to clients with respect to the rollover
of assets between employer sponsored retirements accounts (e.g., 401(k), 457 plans, and
403(b) accounts) and individual retirement accounts (e.g., Roth IRAs, Traditional IRAs,
SIMPLE IRAs, and SEP IRAs). Instead, the firm takes an educational approach in
accordance with the U.S. Department of Labor’s Interpretive Bulletin 96-1. Under this
...

Item 7 - Types of Clients
Blue Haven Capital offers its services to various types of clients, including individuals,
high net worth individuals, charitable institutions, and family foundations. We do not
require any minimum annual fee or asset minimum to commence or maintain an advisory
relationship.