Acacia Asset Management LLC

Fees and Compensation
General

Acacia provides investment advisory services to the Incubator Fund pursuant to an investment
advisory agreement. Acacia does not currently receive a fee for managing the Incubator Fund.
Acacia, however, is permitted to charge fees in the Incubator Fund if agreed to in advance by all
investors. Acacia will typically waive any such fees.

The Incubator Fund may incur additional fees outside of Acacia’s investment advisory fees,
including, but not limited to, administrative fees, custody fees, transfer agent fees, brokerage
commissions and other transaction-related fees, and fees and expenses associated with
investments in third-party mutual funds or exchange-traded funds. These fees and expenses are
described in the Incubator Fund’s governing documents.

Form ADV Part 2 Brochure | Acacia Asset Management LLC                      December 31, 2019

Types of Clients
Acacia currently provides advisory services to a private funding vehicle. There is no investment
minimum to invest in the private funding vehicle.

Acacia anticipates providing advisory services to exchange-traded funds to be issued by Acacia
Trust.

Acacia does not anticipate providing advisory services to other types of clients.