Betteredge Capital LLC

Item 5 Fees and Compensation

Fees will be payable quarterly in advance. If the Client wishes to dispute an invoice, the Client must notify
Betteredge of any disputed invoice within thirty (30) days of receiving the invoice. The Client shall pay Betteredge
a fixed annual fee for advisory services, which is based on the size of the relationship, taking into consideration
the level of assets under advisement, the complexity of the assets, the number of entities, the number and
location of custodians, and the depth and frequency of the expected reviews and other services required. The fee
referred to above shall be reviewed annually.

Betteredge’s compensation is based on a negotiated fixed fee schedule rather than based on an asset-based pricing
business model. Betteredge believes that consistent with its fiduciary duty, it is more beneficial to offer its services
to clients based on a fixed fee, depending on the amount of assets and level of services provided, rather than as
a percentage of assets under management. Betteredge may waive, adjust or rebate fees in certain situations. At
Betteredge’s discretion, Betteredge may combine the account values of family members to determine the
applicable advisory fee. The fees paid to Betteredge may be reduced for Betteredge’s employee and employee
family related accounts.

The specific manner in which fees are charged by Betteredge is established in the client’s written Advisory

Agreement with the Firm. Clients are advised that other clients with similar assets may pay different fees. Clients
should also be aware that the same or similar investment services may be available from other investment
advisors for a lower or higher fee. Clients may elect to be billed directly for fees or to authorize their custodian or
trustee to pay Betteredge’s periodic invoices. Accounts initiated or terminated during a calendar quarter will be
charged a prorated fee. Upon termination of any account, any prepaid, unearned fees will be promptly refunded,
and any earned, unpaid fees will be due and payable in accordance with the client agreement.

Betteredge’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses
which shall be incurred by the client. Clients may incur certain charges imposed by custodians, brokers, third
party investment advisors and other third parties such as fees charged by managers, custodial fees, deferred sales
charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on
brokerage accounts and securities transactions. Betteredge does not receive trail commissions, or mutual fund
12b-1 fees.

Fees charged to Betteredge’s clients by other advisors and third-party managers depend on several factors,
including the size and type of the investment, trading strategy, maturity and degree of risk. Some managers may
charge performance fees on realized or unrealized gains in their portfolio. Please refer to the respective
managers’ Forms ADV, for additional information. We will not assume discretionary authority to hire and fire
manager(s) and/or reallocate your assets to other managers unless you provide prior authorization to do so.
Betteredge does not receive any portion of fees, commissions or other charges from brokers, managers or other
service providers. Betteredge does not receive fees or commissions for recommending any securities, or
investments, or a particular manager.

Item 7 Types of Clients

Betteredge provides advisory services to high net worth and ultra-high net worth clients who are generally
accredited investors, as defined in Rule 501 of the Securities Act of 1933. Betteredge’s client base consists
mostly of international clients.