MEOW Advisory LLC

Item 5 – Fees and Compensation

A.     Fee Schedule
The fees and compensation payable to Meow are negotiable and vary among its
Clients. However, the range of compensation is generally as follows:
       1.      Management Fee
Meow typically receives a monthly asset-based management fee calculated as a
percentage of each Client’s capital account, payable monthly in arrears. The
management fee is generally between 0.02% and 0.50% depending on the product.
That said, Meow reserves the right to negotiate any management fee with a Client or
prospective Client.
With respect to Separate Accounts, fees paid by Separate Accounts may be different
and/or more favorable than those paid by other Separate Accounts. Differing fee
structures create a potential conflict of interest in that Meow could favor certain
accounts over others. Because the securities traded for Clients by Meow are highly
liquid and frequently traded, Meow does not foresee an instance where trading for
Clients will move pricing or where Meow will not be able to purchase sufficient
securities to fulfill any and all orders for all Clients seeking to trade at once. As a result,
there is relatively little risk that Meow would need to allocate in a way that favors one
Client over another.
       2.      Fee Comparison
Client expenses, including the management fee, may constitute a higher percentage
of average net assets than could be found in other investment programs.
B.     Payment of Fees
Management fees and third-party fees (discussed below) are deducted from Client
assets. Meow has the authority to deduct fees directly from Client Accounts and Meow
is authorized to and does delegate this authority to Atomic Brokerage LLC (“Atomic”).
All fees will be withdrawn directly from the Client Account by Atomic.

The Adviser’s fees may change. If so, the Adviser will notify the Client of the change
through the Adviser’s Dashboard and will update this Brochure as needed.

Management fees, which are paid in arrears, are withdrawn at the end of the month.
C.     Third-Party Fees
As previously stated, Clients will pay a management fee to Meow. A portion of that fee
will be retained by Atomic for brokerage services.
Meow’s fees are exclusive of brokerage commissions, transaction fees, and other
related costs and expenses which shall be incurred by the Clients. Such charges, fees
and commissions are exclusive of and in addition to Meow’s management fee, and
Meow shall not receive any portion of these commissions, fees, and costs.
Please see Item 12 of this Brochure regarding brokerage.

                                                                      Part 2A of ADV:
                                                                      Meow Brochure

D.    Prepayment of Fees
Meow will not allow for prepayment of fees. Fees are paid in arrears as mentioned in
Section 5, Item B above.
E.     Outside Compensation for the Sale of Securities
Neither Meow nor its supervised persons accept compensation for the sale of
securities or other investment products outside of its association with Meow.
F.    Interest on Cash Balances
Meow may earn a portion of interest on the cash balances held in Client accounts.
Atomic Brokerage will share 0-50% of the interest generated on Clients’ free cash
balances with Meow. Clients receive the remainder of any interest.
The foregoing discussion in Item 5 represents Meow’s basic compensation
arrangements. The management fees and incentive allocations described
above are structured to comply with Rule 205-3 under the Advisers Act and
applicable state laws. Fees and other compensation are negotiable in certain
circumstances and arrangements with any particular Investor may vary.
Although Meow believes its fees are competitive, lower fees for comparable
services may be available from other investment advisers.

                                                                              Part 2A of ADV:
                                                                              Meow Brochure

Item 7 – Types of Clients

Meow provides investment advice and management to domestic and foreign
Separate Accounts, including high net worth individuals, charitable organizations,
nonprofits, corporations, and other businesses.
Meow may in the future provide the same or similar services to other separately
managed accounts.
Generally, similar terms will apply to Separate Accounts, though such Clients may
negotiate terms that differ or are more favorable than others.