Black Hill Capital Partners LLC

ITEM 5: FEES AND COMPENSATION
Fees and Account Billing
Individually Managed Accounts:

Fees for investment management are 1% per year of the assets under management, billed in advance
in quarterly installments. These fees are billed at the beginning of each quarter, based on the assets
under management as of the last day of the previous calendar quarter. Our fees are not negotiable.

Payment for services rendered is due by check or electronic fund transfer.

You may end our advisory relationship by providing 30 days’ written notice. We will prorate the advisory
fees received through the termination date and send you a refund of the prepaid, unearned portion of your

fee. We process refund payments within 30 days of the termination date and, if applicable, will send you
a check or refund your investment account. TrueMark Technology, AI & Deep Learning ETF
The ETF charges its investors a monthly fee based on an annual fee of 0.68% which accrues daily, in
arrears. We are entitled to a fee which is 50% of the net profits (“Net Profits”) made by the investment
adviser to the ETF, TrueMark Investments, LLC (“TrueMark”). Net Profits are calculated as follows:
TrueMark’s fees received from the ETF during a fiscal period, less interest charges on any borrowings,
dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses
incurred in placing orders for the purchase and sale of securities and other investment instruments,
acquired fund fees and expenses, accrued deferred tax liability, extraordinary expenses, and distribution
(12B-1) fees and expenses (if any).

Other Costs Involved
In addition to our advisory fees shown above, you will also incur fees and expenses associated with
making investments on behalf of individually managed accounts. These fees include:

    •   Mutual fund loads (if applicable). These charges are paid to brokers as a form of commission.

    •   Management fees for ETFs and mutual funds. These are fees charged by the managers of the ETF
        or mutual fund and are a portion of the expenses of the ETF or mutual fund.

    •   Brokerage costs and transaction fees for any securities or fixed income trades. These are
        generally charged by your custodian and/or executing broker.

Additional information about brokerage costs and services for individually managed accounts is provided
in “Item 12: Brokerage Practices.”

We believe the fees mentioned above are competitive. However, you may be able to obtain
similar services from other sources at a lower price.

ITEM 7: TYPES OF CLIENTS
We provide investment management services to individuals, other legal entities, and the ETF.

We typically require a minimum investment commitment of $10,000,000 to manage assets in a separate
account. This minimum may be waived at our sole discretion.

Minimum investments by ETFs and other similar entities will be negotiated at the inception of the
relationship.