By Crypto Management LLC

ITEM 5: FEES AND COMPENSATION

Item 5.A. Description of Compensation Arrangements

BlueYard is generally compensated for its advisory services through asset-based management fees and
performance-based compensation. A general description of the Clients’ anticipated fees and expenses
follows, but Investors should review each Client’s Governing Documents for details of a particular Client’s
fee structure and expenses.

Management Fees

BlueYard generally receives a management fee (“Management Fee”) based on each respective Investor’s
total capital commitment of, up to, 2.5% per annum of such amount. The Management Fee is calculated
and paid quarterly, based on the Investor’s capital commitments, as of the first business day of the quarter,
as more fully provided in the relevant Client’s Governing Documents. The Adviser has in the past, and may
again in the future, launch Funds, particularly special purpose vehicles, in which a Management Fee is not
charged to the Funds.

Performance-Based Compensation

Each Fund has established a special limited partner vehicle (each a “Carry Vehicle” and collectively, the
“Carry Vehicles”) for the purpose of receiving carried interest distributions. Subject to the terms and
limitations set forth in each Client’s Governing Documents, each Fund’s Carry Vehicle is entitled to receive
a performance-based carried interest distribution (“Performance-Based Compensation”) in the amount of
10 to 20% of the Funds’ net profits in excess of capital commitments.

Each General Partner (or BlueYard), in its sole discretion, may modify or waive the Management Fee or
Performance-Based Compensation with respect to any Investor, as set forth in each Client’s Governing
Documents.

Any new Client launched by BlueYard after the date of this Brochure may have materially different
terms than those summarized above and any terms for any existing Client may be amended from
time to time.

Item 5.B. Manner of Payment

BlueYard is authorized to deduct the Management Fees and Performance-Based Compensation, if any,
directly from the respective Funds, and in effect, the Investors’ capital accounts. Fees are collected at the
frequency described in Item 5.A.

Item 5.C. Other Fees and Expenses Clients May be Charged

Below is a general description of the Clients’ expenses and other fees and is not exhaustive. Investors
should refer to the respective Clients’ relevant Governing Documents for a complete understanding
of expenses and fees. The information herein is qualified in its entirety by such documents.

The Funds shall generally be responsible for the following costs and expenses, as provided in each Client’s
Governing Documents: (a) certain taxes, fees, interest, penalties or other governmental charges levied
against the Funds and all expenses incurred in connection with any tax audit, investigation, dispute,
settlement or review of the Funds; (b) duties, fees or government charges of any kind which may be assessed
against the Partnership, including any fees, costs or expenses incurred in connection with seeking or
obtaining any approval, permit, license or consent for the Funds from governmental regulators or other
governmental authority; (c) all fees, costs, expenses (including travel, lodging and meal expenses),
liabilities and obligations incurred in the investigation, due diligence, negotiation, sourcing, organizing,
structuring, monitoring, holding, acquiring, managing, operating, taking public or private, valuing,
restructuring, winding up, liquidating, dissolving, sale, exchange or disposition of the Funds’ investments
(whether or not any transaction by the Funds is ultimately consummated) including, without limitation, any
financing, legal, tax, accounting, advisory, consulting, other professional fees and expenses, interest and
fees on money borrowed by the Funds, BlueYard, or the General Partners on behalf of the Funds, and fees,
costs and expenses related to any software, subscription service, hardware or other technology for purposes
of the secure storage, holding or management of Crypto Assets; (d) all expenses incurred in connection
with securing financing, including but not limited to fees and expenses related to the negotiation and
documentation of agreements with one or more lenders; (e) principal and interest on, and fees and expenses
arising out of, all permitted borrowings made by the Funds; (f) expenses incurred in connection with any
restructuring or amendments to the constituent documents of the Funds; (g) all expenses incurred in
connection with the formation, organization, management, operation and dissolution, liquidation and final
winding up of any special purpose investment vehicles; (h) expenses incurred in connection with attending
meetings of portfolio companies and meetings with representatives thereof (including travel, lodging and
meal expenses); (i) fees and expenses incurred in connection with the default by any Limited Partner to pay
any capital contribution required by this Agreement; (j) all costs related to holding meetings of the advisory
committee and all expenses of the advisory committee incurred pursuant to this Agreement (including
travel, lodging and meals) and all reasonable fees and expenses of any counsel engaged by the Funds’
advisory committee ;(k) all costs and expenses (including travel, lodging and meal expenses) of annual or
special meetings of the Limited Partners or otherwise holding meetings or conferences with Limited
Partners or their representatives, whether individually or in a group, including costs and expenses associated
with the presence of the Funds’ lawyers, accountants or advisers at such annual or special meetings or such
other meetings or conferences;(l) commissions, brokerage fees, finders’ fees or similar charges incurred in
connection with the purchase and sale of securities or Crypto Assets (including, without limitation, any
...

ITEM 7:     TYPES OF CLIENTS

BlueYard provides discretionary investment advice to the Clients, as described in Item 4.B. above. Investors
are generally “accredited investors” within the meaning of Rule 501(a) under the Securities Act of 1933, as
amended, “qualified clients” within the meaning of Rule 205-3 under the Advisers Act of 1940 (the
“Advisers Act”) and “qualified purchasers” as defined in Section 2(a)(51) of the Investment Company Act
of 1940 (the “Investment Company Act”). Investment in the Clients is generally offered to high-net-worth
individuals, funds-of-funds, pension funds, endowments, and other institutional investors that meet the
applicable investor suitability requirements. Each Client generally has a minimum investment amount for
third-party Investors, as provided in each Client’s Governing Documents. Such minimum investment
amounts may be waived by BlueYard at its sole discretion.