Climber Capital Sa

Item 5 – Fees and Compensation

Fee Schedule

                                Discretionary Mandates
                                          1.5%

                        Non-Discretionary (Advisory) Mandates
                                        0.8%

The minimum quarterly fee is $2,500. Fees are negotiable.
We also serve non-US clients, some of whom pay different fees than US clients.

We do not charge fees in advance. Fees are deducted from client accounts based on an invoice
sent to their custodian four times a year. They are calculated based on the average of the end-
of-month balances of the three previous months, as determined by the client’s custodian.
Fees are charged in arrears in December, March, June, and September, for each respective
preceding three-month period. For example, in December fees are charged for the months of
September, October and November.

Other Fees and Expenses
The above rates do not include transaction costs or any fees charged to clients by their custodian
bank for custodial services related to their accounts. The custodian also passes through to clients
stamp tax duties and all other taxes or fees charged by third party brokers with respect to assets
managed or advised by us for our clients (see Item 12 Brokerage Practices). Fees include Swiss
value added tax (VAT) when applicable. The current VAT rate is 8.1%.

Neither we nor any of our supervised persons accept compensation for the sale of securities or
other investment products, for US clients. Mutual funds and exchange traded funds also charge
their own management fees, which are disclosed in the fund’s prospectus. Such charges, fees
and commissions are exclusive of and in addition to our fees, and we do not receive any portion
of these commissions, fees, or costs incurred by US client.

Item 7 – Types of Clients

We provide investment advisory services to high net worth individuals, private foundations
and charities, pension and profit-sharing plans, trusts and other estate planning structures.
While we do not have an account minimum size requirement, we believe that a minimum of
$5 million allows for proper diversification.