Gordian Capital Singapore Private Limited

Item 5. Fees and Compensation

5A) The Firm provides competitively priced solutions for a variety of services as mentioned above. The Firm receives compensation by
way of a Management Fee as agreed by the Firm and its clients on a case-by-case basis. The fee (negotiable) is proportionate to factors
such as the complexity of services provided and the proposed assets to be managed.

As per each fund or SMA’s specific documentation, The Firm charges a Management Fee to the client based on factors including the
complexity of services provided and proposed assets to be managed. The management fee is typically paid on a monthly or quarterly
basis and is negotiable on a case-by-case basis.

5B) The Firm charges its management fees directly to the relevant fund’s expenses based on the fund’s pre-agreed parameters (e.g. a
percentage based on the fund’s AUM). The independent third-party fund administrator, which both establishes and operates the
fund’s accounts, then invoices the fund and deducts the relevant amount from the fund’s account to be paid to the Firm. At no time
does the Firm control or operate the fund’s bank account. For SMAs, The Firm deducts the management fees from the client’s account
on a monthly basis based on pre-set parameters.

5C) The fund/SMA expenses may include, where applicable, service providers fees such as the fund administrator, custodian, auditor,
legal, corporate secretary, independent valuation agent, prime broker and trading related fees (brokerage and transaction fees). These
fees are separate from the Management Fees charged by the Firm. The Firm operates an open architecture allowing clients the ability
to select the service providers of their choice to service the funds and/or SMAs. The Firm is required to disclose that lower fees for
comparable services may be available from other sources.

5D) The Firm generally does not charge management fees in advance. In some cases, for private assets such as private equity, venture
capital, and real estate funds, the Firm might charge Management Fees quarterly in advance.

5E) The Firm and its Supervised Persons do not accept compensation for the sale of securities or other investment products, including
asset-based sales charge or service fees from the sale of funds.

Item 7. Types of Clients

For funds, The Firm generally provides advisory services to the following types of clients:

   •   Institutional clients
   •   Financial institutions
   •   Corporate entities
   •   Hedge funds and other pooled investment vehicles
   •   High net worth individuals
   •   Sovereign wealth funds

The Firm does not hold client assets/monies directly (please refer to custody section for further information).

The offering documents for the funds set minimum amounts for investment by prospective clients. Clients should refer to the
respective fund’s offering document for full details on the share classes and minimum investment amounts. For SMAs, the minimum
account size is negotiable and will depend on the type of product and investment strategy. The funds’ investment advisory contracts
may typically be terminated upon 90 days’ prior written notice. The termination provisions for the SMAs are subject to negotiation
and established pursuant to each account’s investment management agreement. For SMAs, The Firm generally only provides advisory
services to high-net-worth individuals. In both cases, The Firm only deals with accredited/institutional clients.