Global Value Investment Corporation

Item 5. Fees and Compensation
Investment Management Services Fee

Our fee for investment management services is based on a percentage of the assets in your account and is set
forth in the following annual fee schedule and break points. This fee schedule is negotiable.

                                               TIERED FEE SCHEDULE

                                         Account Value                       Annual Fee

                                $0             -         $500,000               1.50%

                             $500,000          -         $1,000,000             1.25%

                            $1,000,000         -         $5,000,000             1.00%

                           $5,000,000+                                          0.75%

Our annual investment management fee is billed and payable quarterly, in advance, based on the market value of
the assets in your account at the beginning of each billing period, including any cash or cash-equivalent securities.
If the investment management services agreement is executed at any time other than the first day of a calendar
quarter, our fees will apply on a pro-rata basis, which means that the advisory fee is payable in proportion to the
number of days remaining in the quarter for which you are a client. Assets exceeding $20,000 deposited into your
account during any quarter will be charged a prorated quarterly fee based upon the number of days remaining in
the quarter. No adjustment shall be made to the quarterly fees for changes in the market value of securities held in
your account during the calendar quarter. A pro-rata fee refund shall be made if assets valued at $20,000 or more
are withdrawn from your account during the quarter. We may amend these fees by providing 30 days’ advance
notice.

At our discretion, we may combine the account values of family members living in the same household, or other
related account owners, to determine the applicable advisory fee based on asset break points as listed above. For
example, we may combine account values for you and your minor children, joint accounts with your spouse, and
other types of related accounts. Combining account values may increase the asset total, which may result in you
paying a reduced advisory fee based on the available break points in our fee schedule listed above.

We will deduct our fee directly from your account through the qualified custodian holding your funds and
securities. We will deduct our advisory fee only after you have given our firm written authorization permitting the
fees to be paid directly from your account as detailed in our investment management services agreement. Further,
the qualified custodian will deliver an account statement to you at least quarterly. These account statements will
show all disbursements from your account. You should review all statements for accuracy.

You may terminate the investment management services agreement by providing 30 days’ written notice. You will
incur a pro-rata charge for services rendered prior to the termination of the investment management services
agreement, which means you will incur advisory fees only in proportion to the number of days in the quarter for
which you are a client. If you have prepaid advisory fees that we have not yet earned, you will receive a pro-rated
refund of those unearned fees.

Fee for Sub-Advisory Services and Third-Party Manager Services for Registered Investment Advisers

Fees and payment arrangements are negotiable and will vary on a case-by-case basis with the Investment Manager
or Sponsor, as applicable.

Fees for Private Funds

The Amended and Restated Limited Partnership Agreement of GVP 2021-A, L.P., as amended, states that the
fund will not charge an annual management fee. Pursuant to side letters entered into with each fund investor,
carried interest will be charged at the conclusion of the fund based on the Fund’s performance. In addition, the
General Partner, not GVP 2021-A, L.P., will bear ordinary operating expenses.

Additional Fees and Expenses

As part of our investment management services, we may invest, or recommend that you invest, in mutual funds
and exchange traded funds. The fees that you pay to GVIC for investment management services are separate and
distinct from the fees and expenses charged by mutual funds or exchange traded funds (described in each fund's
prospectus) to their shareholders. These fees will generally include a management fee and other fund expenses.

For a non-wrap fee account, you will also incur transaction charges and/or brokerage fees when buying or selling
securities. These charges and fees are typically imposed by the broker-dealer or custodian through whom your
account transactions are executed. We do not share in any portion of the transaction charges and/or brokerage
fees imposed by the broker-dealer or custodian.

To fully understand the total cost you will incur, you should review all the fees charged by mutual funds, exchange
traded funds, our firm, your custodian, and others. For information on our brokerage practices, refer to the
Brokerage Practices section of this brochure.

Item 7. Types of Clients
We offer investment management services to individuals (other than high-net-worth individuals), high-net-worth
individuals, pooled investment vehicles (other than investment companies and business development companies),
pension and profit-sharing plans (but not the plan participants or government pension plans), charitable
organizations, other investment advisers, and corporations or other businesses not listed above.

In general, we require a minimum of $1,000,000 under our management to open and maintain an investment
management relationship. At our discretion, we may waive this minimum relationship size requirement.

In general, we require a minimum of $5,000,000 under our management to offer sub-advisory services or third-
party advisory services to registered investment advisers. At our discretion, we may waive this minimum
relationship size requirement.

We may also combine account values for you and your minor children, joint accounts with your spouse, and other
types of related accounts to meet the stated minimum.