Evergreen Capital Management LLC

Fees and Compensation (Item 5)
This section of the brochure describes how we are compensated for the services we offer.

Fees and Expenses for Investment Management Services
The annual fee for investment management services is generally billed quarterly, either in arrears or
in advance, based on the value of the account on the last trading day of the quarter. Fees paid by clients
to Evergreen generally range from 0.25% to 1.00% per year of assets under management, depending
on the market value and investment objectives of your account(s). Certain clients have negotiated with
Evergreen to pay fees outside this range. The fees paid by clients outside this range are, in certain
circumstances, due to factors such as the specifics of a particular investment management assignment
and/or accounts grouped by household.

If the Investment Management Agreement does not span the entire quarterly billing period, the fee you
pay will be pro‐rated based on the days the account is open during the billing period. Your account
custodian will send you client statements, at least quarterly, showing all disbursements for the account
including the amount of the advisory fee, if deducted directly from the account. It is the shared
responsibility of Evergreen Capital Management and you to verify the accuracy of the fee calculation as
the account custodian will not determine whether the fee has been properly calculated. See Brokerage
Practices (Item 12) in this brochure for more information about your account custodian(s).

Either party may terminate the Investment Management Agreement by providing written notice. Any
unearned fees collected in advance of services being performed will be returned to you on a pro rata
basis.

Evergreen does enter into other types of fee arrangements with certain clients on a case‐ by‐case basis.

Types of Clients (Item 7)
This section of the brochure describes who we generally provide our services to.

Investment Management Services and Investment Consulting, Clients
Evergreen provides investment management services, and investment consulting, to a variety of types of
clients including individuals, trusts, endowments, and pension and retirement plan accounts.

While Evergreen’s minimum account size is typically $1,000,000. Evergreen has the discretion to waive
such minimum account sizes. Certain strategies’ minimum account size will exceed $1,000,000.

Private Funds
Evergreen is the investment manager to private investment funds, organized as limited partnerships,
limited liability companies, or other legal entities, in which investors are accredited investors or qualified
purchasers. As a result these private funds are exempt from registration as an investment company under
the Investment Advisers Act of 1940, as amended. Refer to the Funds governing documents for the Fund’s
minimum investment.

Methods of Analysis, Investment Strategies, and Risk of Loss (Item 8)
This section of the brochure explains how we formulate our investment advice and manage client assets.

Evergreen provides investment advice to its clients with respect to investments in a variety of securities,

including but not limited to ETFs, mutual funds, equities, fixed income securities, and investments in
private funds. The below methods of analysis and investment strategies apply broadly to all Evergreen
clients.