Fivenca Asset Management LLC

Item 5: Fees and Compensation

   A. Fee Schedule

Investment Supervisory Services Fees
Fivenca charges Asset Under Management fees that range from 1.25% to 1.50% annually.
Assets under management includes margin balance, if any.

These fees are negotiable depending upon the needs of the client and complexity of the
situation, and the final fee schedule is attached in the Investment Advisory Contract. Fees
are paid quarterly in arrears, and clients may terminate their contracts with thirty (30) days’
written notice. Because fees are charged in arrears, no refund policy is necessary. Clients
may terminate their accounts without penalty within 5 business days of signing the advisory
contract.

                              Basic Management Fee Schedule
                Account Value                                  Fee Percentage
            $25,000 to $2,000,000                                   1.50%

               Over $2,000,001                                      1.25%

Item 7: Types of Clients
Fivenca generally provides investment advice and/or management supervisory services
to the following types of clients:

   •   Individuals
   •   High-Net-Worth Individuals
   •   Investment Companies
   •   Business development companies
   •   Pooled Investment Vehicles
   •   Corporations or Business Entities
   •   Other investment advisers

    •   Insurance companies

Minimum Account Size

The minimum dollar value for establishing an Account is generally $25,000. Initial                   13

investments of a lesser amount may be accepted at Fivenca’s discretion.