Lavien Advisors LLC

Item 5. Fees and Compensation
The Fund Managers typically charge management fees to the Lavien Funds for their advisory services and
the Fund GPs receive performance-based profit allocation from the Funds as described in Item 6 of this
Brochure. The amount and terms of payment of the management fees charged are described in the relevant
Lavien Fund’s Fund Agreement, Investment Management Agreement, and private placement memorandum
or other offering materials.

Each Lavien Fund generally pays all expenses related to its own operations, including fees, costs and
expenses directly related to the purchase, sale and custody of securities, expenses of counsel, accountants
and other consultants and professionals, any insurance, indemnity or litigation expense or the costs and
expenses of any lenders, investment banks and other financing sources and any taxes, fees or other
governmental charges levied against a Fund, and any costs incurred in connection with transactions which
are not consummated.

Each Lavien Fund generally pays its organization and startup expenses, including legal, accounting, filing,
capital raising and other organization expenses.

Item 7. Types of Clients

Lavien and the Fund Managers currently provide investment advisory services to the Lavien Funds. These
services are provided directly to the Lavien Funds and not individually to the limited partners who invest
in the Lavien Funds. Fund limited partners include institutional investors, such as public pension plans,
funds of funds, corporate pension plans, foundations, family offices, banks and other financial institutions,
as well as high net worth individuals. Currently, some of the Lavien Funds are accepting new investors or
limited partners.

Investments in the Lavien Funds were generally subject to a minimum investment amount of at least $1
million, as noted in the offering documents, although Lavien reserves the right to accept commitments of a
lesser amount.