Coraticum Asset Management LLC

FEES AND COMPENSATION

CAM charges two types of fees, namely consultation fees and management fees, which are described
below. CAM does not charge commissions from its clients, nor does it provide commissions to its
personnel. There are other fees incurred by CAM’s clients that are charged by brokers, custodians, and
funds. These additional fees are not passed on to CAM as revenue which means CAM does not receive
any compensation in connection with the purchase or sale of securities. Brokerage fees associated with
research providers are passed on to CAM as an expense (i.e. – a reimbursement to the client) to the
extent to which those fees are greater than those of the custodian broker. For information on brokers,
see the section entitled “Brokerage Practices” on page 11. Clients may purchase recommended
securities through other brokers/agents who are not affiliated with CAM or its related persons.

Consultation fees. A flat fee is charged for consultations. The fee amount is determined by the
complexity of and time requirements of the work. Generally this fee structure is for clients whose
assets are not subject to the full investment discretion of CAM. Fees for consultations are paid at the
time of service or are billed within the next 30 days. This fee is negotiable in advance, but not after the
investment advice has been contracted and rendered.

Management fees. Management services are charged as a percentage of the assets under
management, or an “AUM fee”. The percentage amount for the fee is determined both by the asset
size and by the relative complexity and time intensity required for providing the investment service.
This fee is negotiable before an investment contract is signed. The AUM fees are billed either directly or
in the case of the Fund they are deducted directly with the oversight of an independent third-party CPA
or attorney. Generally this fee ranges from 0.15% to 1.0% annually. This AUM fee is calculated and
charged either monthly or quarterly, and either in advance or in arrears, according to the advisory
contract.

Termination of Advisory Arrangement. In connection with the termination of any advisory arrangement
or investment in the Fund, any pre-paid fee is refundable to CAM’s clients upon on a pro-rata basis. In
general, any pre-paid fees will be returned promptly following termination of the arrangement. Concerns
or requests should be address to Ms. Johnson at the phone number, email address or address set forth on
the cover page.

© 2017 Coraticum Asset Management, LLC

                                                                                       March 30, 2017
                                                              Coraticum Asset Management, LLC Brochure

                      PERFORMANCE BASED FEES AND SIDE-BY-SIDE MANAGEMENT

CAM does not charge performance based fees. CAM does not have any side-by-side management

TYPES OF CLIENTS

CAM welcomes clients of all types for its services, including individuals, institutional clients and
retirement funds. CAM’s clients currently are mostly individuals. One of CAM’s clients is a partnership,
Coraticum Investment Fund, L.P. (“the Fund”), for which CAM is the general partner. The limited
partners of the Fund must be accredited investors as defined in SEC rules and must invest a minimum of
$250,000.

(The minimum investment in the Fund is $250,000 which may be waived in circumstances in which CAM
believes that the waiver of the minimum would be in the best interest of the Fund in light of, among
other possible reasons, CAM’s belief (1) that the investment will be long-­‐term and will increase to an
amount over $250,000 over time, or (2) that the reputation of the Fund or the Fund’s ability to attract
investors, opportunities or goodwill will be enhanced by the investor’s participation in the Fund. Even
though this minimum may be waived, all investors will be required to meet whatever income, net worth
or sophistication requirements are set forth in applicable securities law exemptions.)

                 METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS

NOTE: While all investments are made with the objective of preserving or increasing the real (or
inflation adjusted) value of the investment, every investment strategy bears the risk of loss of some,
or even all, of the real investment (or inflation adjusted) value. All of CAM clients are advised to be
prepared for such losses. There are always risks associated with investing just as there is a risk of real
value loss for not investing. There is not a neutral position, if only because of the existence of price
inflation and the uncertain nature of the future.