Certuity LLC

ITEM 5 – FEES AND COMPENSATION

Certuity offers its services on a fee basis, which include fees based upon assets under management,
as well as fixed fees.

Certuity’s standard annual asset-based fee is prorated and charged quarterly, in advance. The annual
fee varies and is generally between 0.30% and 1.50% depending upon the market value of the assets
under management, the Certuity advisor selected and the type of services rendered. Certain clients
have custom billing arrangements based on considerations specific to their accounts. For most client
accounts, excluding the Certuity Private Funds, which are described in the subsequent paragraphs
below, advisory fees are based on the market values on the last day of the previous quarter provided
by Black Diamond, Certuity’s client reporting platform. The values provided by Black Diamond are
based on custodian values and include, but are not limited to, dividend accruals, the effect of corporate
actions, the effect of trade date versus settlement date on transactions of securities, etc. The inclusion
of such will result in differences in the values reported directly by a client’s custodian compared to
Black Diamond. In addition, certain other client accounts are charged advisory fees based upon the
market value of the assets determined by each client’s custodian (instead of Black Diamond). For
clients who are invested in the Certuity Private Funds, the assets / investment values attributable to
the Certuity Private Funds are excluded from this calculation methodology and are billed separately
as described in the subsequent paragraphs below.

Investment advisory services generally begin with the effective date of the Agreement. For that
calendar quarter, fees are adjusted pro rata based upon the number of calendar days in the calendar
quarter in which the Agreement was effective. Fees are generally deducted directly from the client’s
custodial account.

The Agreement between Certuity and the client will continue in effect until terminated in writing by
either party pursuant to the terms and conditions of the Agreement. Clients may withdraw account
assets on notice to Certuity, subject to the usual and customary securities settlement procedures. The
client is responsible to pay for the services rendered until the termination date as defined in the
Agreement. Any unearned fees will be refunded to the client on a prorated basis.

Clients may incur certain charges imposed by financial institutions which include, but are not limited
to Charles Schwab, Fidelity, and any other broker-dealer or third-party investment managers (“Third-
Party Managers”) recommended by Certuity and selected by clients. These fees include, but are not
limited to custodial fees, charges imposed directly by a mutual fund, which are disclosed in the mutual
fund’s prospectus (e.g., mutual fund management fees and other fund expenses), wire transfer and
electronic fund fees, and advisory fees by Third-Party Managers. Such charges, fees and commissions
are exclusive of and in addition to Certuity’s advisory fee.

In the case of the Certuity Private Funds, Certuity serves as the managing member and the investment
advisor. As the managing member and the investment advisor, Certuity receives an advisory fee up to

® 2026 Certuity, LLC. All Rights Reserved.                                                               5

Form ADV Part 2A

1.00% per annum, payable quarterly in advance, based on the capital account balance of each member,
which is based on value provided by the underlying manager of the Certuity Private Fund series or
class and adjusted for capital activity at the Certuity Private Fund level such as capital calls,
distributions and the payment of fees and expenses, including reserves, that occurred during the
quarter. This fee structure in the Certuity Private Funds can give rise to a conflict of interest since
Certuity could receive greater compensation for an investment in the Certuity Private Funds compared
to other assets covered by the Agreement. Certuity attempts to mitigate this conflict by not using its
investment discretion to cause clients to invest in the Certuity Private Funds and by providing
compliance training to all Certuity employees that reinforces the fiduciary duty obligations owed to
the firm’s clients.

In unique cases, Certuity enters into separate agreements, commonly referred to as “side letters”, or
other similar agreements with a particular member in connection with admission to a Certuity Private
Fund without the approval of any other member, which would have the effect of establishing rights
under or supplementing the terms of the applicable fund’s agreement with respect to such member
in a manner more favorable to such member than those applicable to other members. Such rights or
terms in any such side letter or other similar agreement may include, without limitation: (i) reporting
obligations, (ii) waiver of certain confidentiality obligations, (iii) “most favored nation” provisions, (iv)
negotiated fees, or (v) rights or terms requested or necessary in light of particular investment, legal,
regulatory or public policy characteristics of a member.

Certuity Private Fund financial statements for each series, as well as member account statements, are
produced by a third-party administrator. Financial statements for each Certuity Private Fund (including
its associated series or class) are audited annually by an independent public accountant registered
with and subject to inspection by the Public Company Accounting Oversight Board. The audited
financial statements are prepared in accordance with generally accepted accounting principles and
distributed to each member within the required timeframes.

If a client chooses to fund a Certuity Private Fund capital call using liquid investment assets from a
separately managed Certuity account, those funding amounts incur an additional advisory fee when
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ITEM 7 – TYPES OF CLIENTS

Certuity is required to describe the types of clients to whom it generally provides investment advice.
Certuity provides its services to a variety of clients, primarily including high and ultra-high net worth
families and individuals, private foundations, endowments, family offices, other business entities and
pooled investment vehicles. While Certuity does not impose a minimum portfolio size, certain clients
are charged a minimum annual fee. Clients are advised that the Third-Party Managers it may
recommend to clients may impose more restrictive account requirements and billing practices despite
the fact that Certuity does not impose a minimum portfolio size.

Some of Certuity’s clients are principals or employees of, or are otherwise affiliated with, the funds
managed by such third-party investment advisers in whose private funds the Certuity Private Funds
invest. These affiliations may give rise to actual or perceived conflict of interest in that Certuity may be
incentivized to direct its clients or the Certuity Private Funds to invest in the private funds with which
these clients are affiliated in order to retain their business or attract new such clients. Certuity attempts
to mitigate these conflicts by reinforcing the fiduciary duty owed by all employees of Certuity to the
firm’s clients in internal compliance trainings, strict adherence and monitoring of code of conduct and
clear disclosures of potential conflicts of interests.