Have RIA Inc

Item 5 – Fees and Compensation

This section provides details regarding our firm’s fees and compensation arrangements. It should be
noted that lower fees for comparable service may be available from other sources. The exact fees and
other terms will be outlined in the agreement between you and HAVE RIA, INC.

HAVE RIA, INC.                                      Page 8                        Form ADV Part 2A Firm Brochure

The following outlines our standard fee arrangements but our fees are negotiable and therefore vary by
client based on factors such as the total amount of assets under management, the overall complexity of
the client’s assets and exact suite of services to be provided by HAVE RIA, INC. to the client.

    •   Ongoing Investment Management Services: The greater of a percentage of Total Revenue
        generated by the Account (Total Revenue being typically defined in the Account’s management
        agreement with a third-party hotel operator) or a minimum fixed amount. The percentage ranges
        from 0.5% to 2.0% of Total Revenue and the minimum fixed amount ranges from $20,000 to
        $40,000 (in 2023 dollars) per month for single assets; portfolios may have lower minimum fixed
        amounts per asset. The minimum fixed amount increases 5% every year. This fee is divided and
        billed monthly in arrears.

    •   Renovation Oversight Fee (if applicable): A fixed fee ranging from $5,000 to $20,000 (in 2023
        dollars) per month through the duration of the renovation up to a maximum of 2% of the total
        renovation expenditures. This fee is for major renovations and not for oversight of normal and
        annual cap ex spending from the hotel’s reserve for a replacement fund, which is included in the
        ongoing services. It is not project management services.

    •   Hotel Disposition Services: A percentage ranging from 0.25% to 2.0% of Total Gross Proceeds of
        the sale of a real estate or hotel property. “Total Gross Proceeds” shall mean the purchase price
        without adjustment for closing adjustments, prorations, purchase money mortgages or take-back
        financing, payable upon closing of the transaction. See Item 6 – Performance-Based Fees and
        Side-by-Side Management for more information.

    •   Hotel Financing or Refinancing Services: A percentage ranging from 0.25% to 2.0% of Total
        Finance or Refinance Proceeds of a real estate or Hotel property (the “Finance or Refinance
        Services Fee”). “Total Refinance Proceeds” shall mean the total committed proceeds from a lender
        regardless of the amount advanced at closing. Total committed proceeds would include amounts
        advanced at closing plus any holdbacks for renovation or capital expenditures, interest and
        operating carry reserves, and/or incentive based advances such as an “equity earn out” upon the
        hotel(s) hitting certain agreed upon performance objectives and/or other lender mandated reserves
        or set asides necessary to close the loan(s). See Item 6 – Performance-Based Fees and Side-by-
        Side Management for more information.

    •   Hourly Fees for Services outside of defined Investment Management Services: Time charged at
        our hourly per diem rates. The 2023 hourly rate for CEO & Founder and COO is $995/hour; CIO
        is $850/hour; Executive Vice Presidents $775-$850/hour, Senior Vice Presidents are $550-
        $775/hour, Vice Presidents and Assistant Vice Presidents are $390-$550/hour, and Directors are
        $220-$390/hour. Our Staff of Office Personnel and Analyst range from $60 to $220 per hour.
        Rates change annually. Hourly fees are billed and due upon completion of work performed and
        presentment of an invoice to the client.

    •   Travel Cost Reimbursement: Travel and related expenses, third party reports and consultants
        reimbursed at cost .

    •   Investment Management Consultant Cost Reimbursement: Reimbursement at cost or direct
        payment for legal, audit and tax, fund level accounting, SEC compliance, insurance, and tax appeal
        consultants. Reimbursement at cost for certain post-disposition or termination insurance coverage.

HAVE RIA, INC.                                    Page 9                      Form ADV Part 2A Firm Brochure

All fees are together with any sales, use, gross receipts, value added, excise or similar tax assessed against
HAVE RIA, INC. by any governmental authority, other than income taxes assessed against HAVE RIA,
INC.
You will pay our firm upon receipt of a billing notice sent directly to you. The billing notice will detail the
formula used to calculate fees and the time period covered. Fees for our services will be due within 30 day’s
receipt of the billing notice.
As outlined above, you will incur certain charges imposed by third-parties other than HAVE RIA, INC. in
connection with investments and transactions made within the Account. Such fees include those assessed
by other third-party service providers, qualified custodians, qualified retirement plan fees, fees assessed by
third-party administrators and internal fees/expenses incurred by investment product sponsors. HAVE RIA,
INC. will never receive or share any of these “other” fees and expenses.
The following are our termination procedures.

    1) Expiration. The minimum initial term of our services is five (5) years from the date the agreement
       is executed (the “Initial Term”). Agreements automatically renew for subsequent terms of a
       minimum of five (5) year terms (each a “Renewal Term,” and collectively with the Initial Term, the
       “Term”), unless the client provides written notice to HAVE RIA, INC. of its intent not to renew, no
       less than ninety (90) days prior to the Initial Term, or then applicable Renewal Term.

    2) Termination. Either party may terminate the Agreement, for any reason and at any time, by
...

Item 7 – Types of Clients

HAVE RIA, INC. provides investment advice to the following types of clients:

    •   Pension, profit-sharing and other retirement plans and retirement funds
    •   Pooled investment companies (e.g., privately offered real estate funds)
    •   Corporations and other business entities
    •   Sovereign wealth funds

No Minimum Investment Amounts Required

There are no minimum investment amounts or conditions required for establishing an investment advisory
relationship with HAVE RIA, INC. However, all clients are required to execute an agreement for services
in order to establish a client arrangement with HAVE RIA, INC.