SVRN Asset Management LLC

Item 5: Fees and Compensation
We charge a tiered annual asset-based fee: 0.6% for the first $5 million, 0.5% for the next $5 million, and 0.4% for the rest.

Fees are payable after the end of each calendar quarter of service based on the average market value of the assets under

management, minus any borrowings, during the calendar quarter. We subtract borrowings to align our interests with yours.

For the first and last quarters of an engagement, the fee is prorated based on a 365-day year. Fees may either be billed to you or
be withdrawn directly from your account held by a qualified custodian.

Our fee is negotiable. At our discretion we may lower our fee, particularly for early clients. For unusually complex cases we may
add a fixed charge to reflect the added work.

We do not charge our advisory fee on client assets invested in any funds or products for which we already earn fees.

You are responsible for all other fees, including custodial, legal, and accounting. The investment funds we recommend will directly
charge you management, brokerage and other fees. You are also responsible for brokerage costs. However, we prefer to keep
turnover low, so we don’t expect to incur big brokerage costs. See “Item 12: Brokerage Practices” for more information. We don’t
receive any portion of fees charged to you by other service providers.

Item 7: Types of Clients
We offer asset management and financial planning services to high-net-worth individuals, their families and their trusts. We may
accept other types of clients at our discretion. There is no account size minimum. We also provide investment advisory services
to the pooled investment fund mentioned above.