Known Wealth LLC

ITEM 5: FEES AND COMPENSATION

Investment Advisory ("IA") Services

1.     a. Discretionary Clients

The Advisor’s fees for discretionary IA services to Clients are based upon the value of the
assets that Advisor oversees during a calendar quarter (“Billing Period”). The fees can be
payable quarterly in arrears or in advance, subject to negotiation, and are calculated based
upon the average value of the assets in the Managed Accounts over the previous calendar
quarter or using the value of the assets in the Managed Accounts as of the last day in the
calendar quarter, or as a fixed fee. The fees exclude any margin balances from the account
values, if applicable. Within Managed Accounts, it is possible for individual accounts or
holdings to be billed using varying methods described here based on the nature of the
account and discussions with the Client. Billing parameters will be documented and provided
to the Client before billing commences. Upon termination of the IA agreement, any prepaid,
unearned fees will be promptly refunded to the Client. Fees will be prorated for significant
contributions or withdrawals during a Billing Period only when the last-day account value is
used for calculation. When a new client joins the firm using fee payable in advance, the first fee
will be prorated to the end of the calendar quarter and based on the assets within the
Managed Accounts as of the mutually agreed go-live date during the Billing Period and billed
at start. Clients will designate an account to have the discretionary IA fees automatically
debited from. On special exceptions, invoicing of fees may be possible for an additional fee.

Advisor may negotiate a performance fee if elected by the Client and agreed to by Advisor

and if the Client qualifies for such an arrangement under Section 205(a)(1) of the Advisers Act.
Such performance fee shall be governed by a separate agreement between the Client and
Advisor.

Advisor’s standard annual fee schedule for discretionary IA services is below, subject to a
$25,000 annual minimum: The Firm reserves the right to negotiate fees, as appropriate. Some
clients pay more or less than others depending on certain factors, described below. The fees
that Advisor charges for IA services are specified in an agreement between Advisor and each
individual client.

In addition to the advisory fees paid to the Advisor, Clients will pay additional fees and
expenses to other financial institutions, such as custodians, broker-dealers, and third-party
managers which could include, as applicable, brokerage commissions and other transaction
costs, management and other fees charged by third-party managers, fees charged by mutual
funds and ETFs (including, without limitation, 12b-1 fees, operating expenses, and other fees
and expenses) as reflected in the prospectuses for such mutual funds and ETFs, fees and
expenses associated with investments in private funds (as reflected in the offering documents
for such private funds), reporting charges, account maintenance fees, wire fees, taxes, and
other fees and expenses.

Advisor requires a minimum aggregate account balance of $25,000,000, subject to reduction
at its discretion. In most cases, Advisor is compensated for its IA services based on a tiered fee
schedule as a percentage of assets under management, provided below:

 Tier One        First, aggregate account balances up to $50,000,000 @ 90 basis points
                 (0.90%)
 Tier Two        Then, aggregate account balances above $50 million through
                 $100,000,000 @ 75 basis points (0.75%)
 Tier Three      Finally, aggregate account balances above $100 million @ 50 basis points
                 (0.50%)

Advisor reserves the right to negotiate different fees for certain clients than what is specified
above. Negotiated fees may differ based on factors, including but not limited to, the type and
size of the relationship, anticipated investments, and the customization level of services
provided to the client. The agreed-upon investment management fee for any account may be
higher or lower than the fees reflected on the table above.

b. Non-Discretionary Clients

Advisor’s fees for non-discretionary IA services to Clients are based upon the discretionary fee
schedule and terms, a different fee schedule, or a separately negotiated quarterly retainer.

c. Discretionary or Non-Discretionary: Private Funds

Advisor's fees (including performance-based fees) for discretionary or non-discretionary IA
services to Private Funds are set forth in the Private Fund's offering materials, which generally
include, an offering memorandum (if the Private Fund has published one), a subscription
agreement, an investment management agreement, a limited partnership agreement or limited
liability company agreement and/or other governing documents (collectively, the "Offering
Documents").

Additional Information on Advisor's Fees

Clients who invest in Private Funds will bear fees and expenses related to the investment,
which are generally both asset-based and performance-based. This includes private funds
where the affiliate of the Advisor or the Advisor themselves serves as the general partner,
provides administrative services, and/or serves as the investment advisor. Additional details
can be found in the Private Fund's Offering Documents.

ITEM 7: TYPES OF CLIENTS

Known provides discretionary and non-discretionary investment advice to family offices,
foundations, institutions, government entities, ultra-high net worth individuals, private funds
and other pooled investment vehicles.