Draper Asset Management LLC

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or more
written agreements with the Advisor.

A. Fees for Advisory Services
Investment Management Services
Investment advisory fees are paid quarterly, in arrears of each calendar quarter, pursuant to the terms of the
investment advisory agreement. Investment advisory fees are based on the market value of assets under
management at the end of the calendar quarter. Investment advisory fees are 1.25% annually.

The investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to the
end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into
consideration the aggregate assets under management (including assets held in cash) with the Advisor. All securities
held in accounts managed by Draper Asset Management will be independently valued by the Custodian. The Advisor
will conduct periodic reviews of the Custodian’s valuation to ensure accurate billing.

                                             Draper Asset Management LLC
                                         116 Terry Road, #16, Smithtown, NY 11787
                                                   Phone: (631) 361-4925
Page 5                                         https://www.draperasset.com/

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and other
related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the Advisor
shall not receive any portion of those commissions, fees, or costs.

The Advisor does not charge Clients investment advisory fees for cash management only accounts, or assets under
advisement (“AUA”) accounts.

B. Fee Billing
Investment Management Services
Investment advisory fees are calculated by the Advisor and deducted from the Client’s account[s] at the Custodian
on a quarterly basis. The amount due is calculated by applying the quarterly rate (annual rate divided by 4) to the
total assets under management with Draper Asset Management at the end of each quarter. Clients will be provided
with a statement, at least quarterly, from the Custodian reflecting the deduction of the investment advisory fee.

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than Draper Asset Management, in
connection with investments made on behalf of the Client’s account[s]. The Advisor's recommended Custodian may
charge commissions, transaction fees, and handling fees. The Client is responsible for all fees charged by the
Custodian, as applicable. The fees charged by Draper Asset Management are separate and distinct from these
custody and execution fees.

In addition, all fees paid to Draper Asset Management for investment advisory services are separate and distinct from
the expenses charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are
described in each fund’s prospectus. These fees and expenses will generally be used to pay management fees for
the funds, other fund expenses, account administration (e.g., custody, brokerage, and account reporting), and a
possible distribution fee. A Client may be able to invest in these products directly, without the services of Draper
Asset Management, but would not receive the services provided by Draper Asset Management, which are designed,
among other things, to assist the Client in determining which products or services are most appropriate for each
Client’s financial situation and objectives. Accordingly, the Client should review both the fees charged by the fund[s]
and the fees charged by Draper Asset Management to fully understand the total fees to be paid. Please refer to Item

Item 7 – Types of Clients

Draper Asset Management offers investment advisory services to individuals, high net worth individuals, trusts,
estates, businesses, and charitable organizations. Draper Asset Management generally does not impose a minimum
relationship size.
                                             Draper Asset Management LLC
                                         116 Terry Road, #16, Smithtown, NY 11787
                                                   Phone: (631) 361-4925
Page 6                                         https://www.draperasset.com/