Chronos Capital Advisors LLC

Item 5 – Fees and Compensation

The annual advisory fee is generally based upon a percentage of the market value of assets placed
under our management and typically ranges from 0.40% to 1.00%, subject to negotiation and
determination in light of each Client’s particular needs. The annualized fee (the “Fee”) for the
advisory services to be provided by Chronos’ advisors is outlined in the agreement with the Client.
The Client’s actual fee may be higher or lower than the standard fee range indicated above based
on several factors, including but not limited to the number of accounts or portfolios, size of the
aggregate assets under management, relationship to other Clients or accounts, or the potential
for additional contributions or assets managed, among others.

In certain circumstances, Chronos may agree to provide services on a flat fee basis, with the
amount of such flat fee subject to agreement between Chronos and the Client. Chronos may
make exceptions to its advisory fee at any time, in its sole discretion.

Family members and friends of employees may receive the same advisory services that Chronos
provides to Clients (as described in this Brochure) for no fee or at fee schedules lower than those
available to Clients.

Billing: Fees are generally billed quarterly in arrears at the beginning of the new calendar quarter.
The fees for each full calendar quarter are based on end-of-period values of the account(s) assets
as shown on the custodian statements or as Chronos determines, based on independent
third-party valuations, and include cash balances. If you are owed any fees upon termination of
an advisory agreement, Chronos will calculate a pro-rated quarterly fee based on the account(s)
ending value through the date of termination.

For new accounts or relationships, the inception date follows the entry into an Investment
Advisory Agreement, at which time Chronos determines that the relevant accounts are fully
funded or nearly fully funded. The fee is pro-rated based on the number of days remaining in the
client account’s opening calendar quarter during which Chronos provides its services.

Startup costs/fees may be charged in agreed amounts concerning system set-ups, due diligence,
and the like. Those fees may vary depending on the nature of the relationship, the complexity of
structures, or other factors. Those fees will be billed separately from advisory fees.

Fee Payment, Direct Debit of the Advisory Fee: Chronos will bill the Client for advisory fees as
they come due. Clients may pay our invoices for advisory services by check or wire, or provide
written authorization instructing their custodian, upon receipt of our quarterly invoices, to deduct
our advisory fees from their account. Chronos works with the Client’s Qualified Custodians to
ensure that the custodians send account statements directly to the Clients at least quarterly and
provide the Clients with online access to their accounts. We encourage Clients to carefully review
the account statements received from their custodians, verify the accuracy of fees and other
information listed in the custodial statements, and promptly notify Chronos of any differences.

Termination: An advisory relationship with Chronos may be terminated at any time by either
party for any reason, upon written notice (as documented in our written agreement with the
Client). Upon termination of any agreement, any prepaid, unearned fees will be promptly
refunded, and any earned, unpaid fees will be due and payable.

Execute Custom Analysis/Projects: When requested by a client, fees for customized analysis or
projects may be quoted on a fixed-fee or hourly basis. As these are customized services, separate
from the other services we provide to Clients, the fees, including hourly rates, will vary by Client
and by project. Project or fixed fees are negotiated based on an assessment or estimate of the
total time to complete the analysis or project. These custom analyses or projects may be
negotiated for current Clients at any time. Our minimum hourly fee is $300- $500, or as agreed.
Fees for these services are billed at the negotiated rate.

Other Fees or Expenses Paid in Connection with Services: All fees paid to Chronos for advisory
services do not include the fees and expenses charged by the third-party investment managers
recommended by Chronos, (e.g., third-party managers, separately managed accounts (“SMAs”),
mutual funds, exchange-traded funds (“ETFs”), investments in limited partnerships or private
equity). Such fees are typically described in each investment fund’s prospectus, offering
documents, or other disclosure documents, and generally include a separate management fee,
fund expenses (e.g., administration, audit, accounting, legal, etc.), and a possible distribution fee.
Fees charged to Chronos’ Clients by other advisors and third-party managers depend on several
factors, including the size and type of the investment, trading strategy, maturity, and risk level.
Some managers may charge performance fees on realized or unrealized gains in their portfolios.
Please refer to the respective managers’ Forms ADV and Form CRS for additional information
regarding their fees and business practices.

Chronos’ fees do not include fees charged by custodians and third-party financial institutions for
such services as custody, brokerage, or wire transfers (among others). In addition to all other fees

and expenses incurred in the management of advisory accounts, Clients are responsible for
brokerage fees and expenses, such as commissions, deferred sales charges, odd-lot differentials,
and transfer taxes.

Chronos’ policy is to offer Clients the lowest available share class. When deemed appropriate for
a Client’s specific situation, we may at times recommend selecting or holding a mutual fund share
class that charges higher internal expenses than other available share classes for the same family.
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Item 7 – Types of Clients

Chronos provides non-discretionary portfolio management and family office services to:

    •   High net worth and ultra-high net worth individuals, including both U.S. and non-U.S.
        residents

   •   Private investment companies
   •   Family entities
   •   Foundations
   •   Trusts
   •   Charitable institutions
   •   Family Offices
   •   Banks
   •   Financial Institutions