KERA Capital Partners Inc

ITEM 5 - FEES AND COMPENSATION

INVESTMENT MANAGEMENT FEES AND COMPENSATION
Our Firm charges a fee as compensation for providing Investment Management services on your
account. These services include advisory services, trade entry, investment supervision, and other
account maintenance activities. Our recommended Custodian charges transaction costs,
custodial fees, redemption fees, retirement plan, and administrative fees or commissions. See
Additional Fees and Expenses below for details.
A calendar monthly investment management fee is billed in arrears based on the average daily
balance of your account during the previous calendar month. Our maximum annual advisory fee
is 1.25%. The relevant fee and billing method is defined and agreed to by the firm and the client
in the executed Investment Advisory Agreement. This fee will be debited directly from your
investment account. You will need to indicate how you would like to pay this fee in your
Investment Advisory Agreement. Additional fees and expenses you may incur are brokerage
commissions, principal markups and discounts, SEC fees, mutual fund/ETF expense ratios, mutual
fund 12B-1 fees, tax withholding on certain foreign securities, postage fees, wire fees, bank
charges, and other administration fees as authorized by you. Please refer to Section 12 for
information on brokerage fees and services.
Fees may vary based on the size of the account, complexity of the portfolio, extent of activity in
the account, or other reasons agreed upon by our Firm and you as the client. Our employees and

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their family-related accounts are charged a reduced fee for our services.
The client may initiate the negotiation of our advisory fees but it is ultimately agreed upon between
the firm and the client. The fee is set forth in the written advisory agreement.
Unless otherwise instructed by the Client, we will aggregate related client accounts for the
purposes of determining the account size and annualized fee. The common practice is often
referred to as “house-holding” portfolios for fee purposes and may result in lower fees than if
fees were calculated on portfolios separately. Our method of house-holding accounts for fee
purposes looks at the overall family dynamic and relationship. When applicable, and noted in
Appendix of the Investment Management Agreement, legacy positions will also be excluded from
the fee calculation.
The independent and qualified custodian holding your funds and securities will debit your account
directly for the advisory fee and pay that fee to us. When establishing a relationship with KCP, you
provide written authorization permitting the fees to be paid directly from your account held by
the qualified custodian. The qualified Custodian agrees to deliver an account statement to you on
a monthly basis indicating all the amounts deducted from the account including our advisory fees.
If agreed to by the Firm and Client in the Agreement, a direct bill for the advisory fee may be
arranged. In that case, there would be an invoice sent directly to the client each month.
Either KCP or you may terminate the management agreement immediately upon written notice
to the other party. The management fee will be pro-rated to the date of termination, for the
month in which the cancellation notice was given and any earned fee will be billed to you by our
Firm.
Upon termination, you are responsible for monitoring the securities in your account, and we will
have no further obligation to act or advise with respect to those assets. In the event of client’s
death or disability, KCP will continue management of the account until we are notified of client’s
death or disability and given alternative instructions by an authorized party.
In no case are KCP fees based on, or related to, the performance of your funds or investments.
Lower fees for comparable services may be available from other sources.

CONSULTING
Our Firm provides consulting services for clients who need advice on a limited scope of work. Fees
will be hourly or fixed and are negotiable. Fees may vary based on the extent and complexity of
the consulting project. If the client and Adviser determine hourly fees are the most appropriate
method of billing, hourly fees will not exceed $250 per hour. If the client and Adviser determine
fixed fees are the most appropriate method of billing, the fixed fees will range from $2,000 to
$20,000. Fees will be billed as services are rendered. Either party may terminate the consulting
agreement at any time.

ADMINISTRATIVE SERVICES PROVIDED BY ORION & ADDEPAR
We have contracted Orion & Addepar to utilize its technology platforms to support data
reconciliation, performance reporting, fee calculation and billing, client database maintenance,
quarterly performance evaluations, payable reports, and other functions related to the

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administrative tasks of managing client accounts. Due to this arrangement, Orion & Addepar
will have access to client information, but Orion & Addepar will not serve as an investment
adviser to our clients. KCP and Orion / Addepar are non-affiliated companies. Orion & Addepar
charges our Firm an annual fee for each account administered by Orion & Addepar. Please note
that the fee charged to the client will not increase due to the annual fee our Firm & Addepar
pays to Orion & Addepar; the annual fee is paid from the portion of the management fee
retained by our Firm.
POOLED INVESTMENT VEHICLE - FEES
Specific disclosure of the Firm’s compensation from the special purpose vehicles is contained in each
special purpose vehicle’s Offering Document. The Firm’s compensation with each SPV is
negotiable. The guideline for fees is as follows: maximum of 2% annual management fee + 20% of
...

ITEM 7 - TYPES OF CLIENTS

We provide investment advice to individuals, high net worth individuals, foundations, trusts,
retirement plans, corporations, limited liability companies, other business types, and private
funds for sophisticated, qualified investors.
Our Firm maintains a minimum of $300,000 in aggregate investable assets to become a client of KCP.
This minimum is negotiable at the firm’s discretion.
The minimum investment in the Private Fund will range from $25,000 to $250,000. Specific minimum
investment requirements will be disclosed in the Fund Offering Memorandum.