Bulletproof Capital LLC

Item 5 - Fees and Compensation

For entities with which Bulletproof Capital has a management agreement, the Firm is compensated
for advisory services via a fixed fee. The compensation to Bulletproof Capital is payable as
described in the management agreements with its clients. For certain clients, we charge an
advisory fee for services provided with respect to the held-away accounts mentioned in Item 4
above, just as we do with client accounts that are not held away. The fees charged by us for
managing held-away accounts are identical to the fees we charge for managing accounts that are
not held away. Fees are negotiable. The Firm charges performance-based fees on certain accounts,
as discussed in Item 6 below.

In addition to our fees, clients are responsible for the fees and expenses associated with the
investment of their assets, such as brokerage commissions, transaction fees and expenses, and
other expenses and charges imposed by broker-dealers and custodians who service client accounts
(including but not limited to any custodian fees and account maintenance fees). Clients are
additionally responsible for the fees and expenses of externally managed investments, such as
third-party managers and/or investment advisers, including private funds, and of mutual funds and
exchange traded funds. Such fees, expenses, commissions and charges are exclusive of and in
addition to our fee.

Management Agreements may be terminated by client or Bulletproof Capital with 10 days’ notice.
If any pre-paid, unearned fees were collected, they will be pro-rated to the date of termination, and
will be based upon the part thereof that the service was used during the quarter. Any such pre-
paid, unearned fees will be refunded promptly.

Item 7 - Types of Clients

Bulletproof Capital provides investment advisory services for clients including high net worth
individuals, pooled investment vehicles and charitable organizations. There is no minimum
account size requirement.