Global Strategic Management Inc

Item 5: Fees and Compensation
Fees for separately managed client accounts are charged at the end of each calendar quarter, in arrears, based on total
market value of assets under administration, adjusted on a time-weighted basis for any material contributions or
withdrawals made during the period, on the following schedule:
                                                  Quarterly Fees
                                      First $100,000           0.5%
                                      On next $400,000         0.25%
                                      On next $500,000         0.1875%
                                      Over $1,000,000          0.1250%

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                                                                                             FORM ADV PART 2A
                                                                                               FIRM BROCHURE

Fees and conditions thereon may be negotiable on accounts starting with over $2 million. At the discretion of the
advisor, any portion of the fees may be waived or deferred for specific periods of time. We manage accounts for
some employees, family and friends for no or a reduced fee. Where one client has multiple accounts, fees may be set
at a fixed percentage, instead of at the tiered schedule, with the client’s concurrence, to simplify billing. The fee will
never be more than the client would have been charged according to our normal schedule. The State of California
requires that we state that “lower fees for comparable services may be available from other sources.”

All separately managed client accounts are subject to a $1,000 minimum annual fee. Related client accounts may be
aggregated for purposes of minimum fee charged.

All accounts are subject to a 1% closing fee, at our discretion, if closed within one year of opening, provided the
account has not lost money from the date of opening (except that an account may be cancelled without penalty
within five days of the account being opened). This fee may be waived at our sole discretion.

Fees are usually deducted directly from client accounts. However, some custodians do not allow us to charge fees
directly to client accounts, so clients will need to pay separately in those cases. Clients may request that fees be
billed separately or be invoiced to another account if the client has more than one account with us. Brokerage
commissions or a quarterly fee in lieu of commissions, depending on the custodian used, are paid directly from the
account. Some additional fees, such as an annual Individual Retirement Account (“IRA”) custodian fee, may also be
assessed by the custodian. Our fees are exclusive of these fees, as well as, transaction fees and other related costs
and expenses imposed by the custodian that are incurred by the client. A one-time fee may be charged for accounts
opening at some foreign custodians to help cover the costs of extra compliance requirements; existing accounts are
grandfathered.

See Item 12 “Brokerage Practices” below which further describes the factors that we consider in selecting or
recommending broker-dealers for client transactions and determining the reasonableness of their compensation (i.e.
commissions).

We do not accept compensation from the sale of securities or mutual funds in accounts.

Item 7: Types of Clients
The types of clients to which Adrian Day Asset Management generally provides investment management services
include, but are not limited to: individuals, including joint accounts and IRAs; pension and profit sharing plans;
trusts; and corporations or business entities. We may also manage some insurance accounts and pooled investment
vehicles. We are able to manage virtually any structure, provided there are not unreasonable limitations on the
management thereof.

Our standard minimum account size is $500,000 for global accounts and $200,000 for gold or resource (or other
narrow focus) accounts. The minimum account size may be waived in certain circumstances at our discretion and so
long as it is in the interests of the client. Accounts of affiliated persons—such as an individual’s account and his
company’s profit sharing—are combined for meeting our minimum requirement (as well as to qualify for lower
fees). We will usually accept smaller accounts that are related to existing accounts (such as an account for a client’s
grandchild), or in other circumstances.