Cherry Creek Family Offices LLC

Item 5 – Fees and Compensation

In addition to the information provide in Item 4, Advisory Business, this section provides descriptions of
the fees and compensation arrangements.

CCFO charges a flat fixed, all-inclusive fee. The fee is negotiable based on the amount, composition and
complexity of assets in your account along with the complexity and requirements of family back office
support at the time the agreement is signed. The fee is billed in advance on a quarterly calendar basis.
The client agreement is typically a 2-year agreement, cancelable with 30 days’ notice.

The exact services and fees are stated in the agreement for services and disclosed to you prior to
services being provided. If an agreement for services is executed mid-period, the initial fee is prorated
based on the number of days services were provided during the first billing quarter. Fees are due
quarterly in advance upon receipt of our billing statement that details the amount of the fee, the manner in
which the fee was calculated, any adjustments to the fee and an explanation of any such adjustments.

Account custodians may charge separately for maintaining custody of your accounts. In addition, account
custodians may charge brokerage commissions and/or transaction fees directly to you. We do not
receive any portion of the commission or fees from either the custodian or from you. In addition, you may
incur certain charges imposed by third parties other than us in connection with investments made through
your account, including, but not limited to, mutual fund sales loads, 12(b)-1 fees and surrender charges,
variable annuity fees and surrender charges and IAR and qualified retirement plan fees. Our
management fees are separate and distinct from the fees and expenses charged by investment company
securities that may be recommended to you. A description of these fees and expenses is available in
each security prospectus.

Either party can terminate investment management services at any time by providing written notice to the
other party. Termination is effective 30 days after receipt of notice or such other date as may be agreed
to by the parties. During the 30 days, we continue to provide services on any work previously begun but
will not begin any new work without your specific instruction. If services are terminated within five
business days of executing the client agreement, services are terminated without penalty and no fees are
due. After that, you are responsible for prorated fees that are charged to the effective date of termination.
We provide you with a billing statement detailing the fees earned and the refund due to you.

Private Fund Management

We do not charge a separate management fee for acting as the manager of the CCFO Select Fund, LLC.

Additional Compensation

We do not receive any compensation other than the advisory fees previously discussed. See, Item 14 –
Client Referrals and Other Compensation, for additional information.

Comparable Services

We believe our fees for advisory services are reasonable with respect to the services provided and the
fees charged by other investment advisors offering similar services. However, lower fees for comparable
services may be available from other sources.

Item 7 – Types of Clients

We provide investment advice for ultra-high net worth families and individuals, as well as our pooled
investment vehicle, CCFO Select Fund, LLC.

Minimum Investment Amounts Required

We do not charge any minimum advisory fee for services provided.

There is no minimum investment requirement to participate in the CCFO Select Fund, LLC.