CornerStone Alternatives LLC

Item 5 Fees and Compensation

Investment Advisory Fees
Pursuant to an investment advisory contract signed by each Class G, Class N, Class D, and SPV
client, the client will pay Advisor up to a 1.0% annual management fee, payable quarterly in arrears,
based on the value of Advised Investments in the client’s account on the last business day of the
quarter. Under rare circumstances, Client and Advisor may arrange a fixed fee arrangement.
Although the client may have other investable assets in the account, including cash or other
securities, for Class G clients, Advisor only charges an advisory fee on that portion of the account
that is invested in Advised Investments that require an RIA to invest. New account fees will be
prorated from the inception of the account to the end of the first quarter. Advisor may, at its own
discretion, charge a clerical fee of up to $250 per instance to assist the client in any account opening
paperwork or other paperwork related to an application for inclusion in an Advised Investment. For
Class G clients, the Advisor will charge a clerical fee of up to $100 per instance to assist the client
in obtaining an accreditation certificate or any general custodial related administrative issues. For
class G clients, any new investments purchased away from the custodian where Advisor has an
institutional advisory agreement will be charged an additional $200 per year administration fee. If
the client has existing non-custodied investments, there will be no additional charge. Upon prior
notice by Advisor to Client, and for any reason, one or more of these fees may increase for new
investments. These fees on existing investments may increase each year for existing Advised
Investments at a rate no greater than the Consumer Price Index for All Urban Consumers, or CPI-U,
beginning in 2025.

In the event that Client de-links their account from Advisor, a management fee on prior RIA-only
investments will continue to be charged unless the Client demonstrates that the assets have been
formally linked to another Registered Investment Advisor, which must be different from any default
brokerage RIA (e.g., the Schwab RIA designation that occurs upon de-linking). This fee will
continue to be charged based on the terms previously agreed upon until such proof is provided to the

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Advisor. The Client agrees that any new drawdown investment purchased through Advisor is subject
to a minimum cumulative fee of 1% of the total commitment amount by Client to such investment
(“Minimum Drawdown Fee”). In the event that Client de-links from the Advisor before Advisor has
received the full Minimum Drawdown Fee for any of Client’s drawdown investments, then Client
will be responsible for paying Advisor the difference to reach the Minimum Drawdown Fee for each
drawdown investment. If Advisor increases its advisory fee to an amount greater than specified in
this agreement, Client may delink their account(s) without paying the continuation fees in this
provision.

If any investment initially designated as RIA-only changes its status to non-RIA-only during the
investment period, Advisor will continue to bill the management fee for such investment for the
duration of client’s ownership of such investment, unless the investment has been linked to another
RIA as described in the preceding paragraph.

International Investment Advisory Fees
International Clients investing in alternative investments are subject to a specific fee structure. There
is a one-time, upfront fee of up to 1.0% based on the capital commitment amount for each new
investment made. Additionally, there is an ongoing annual management fee of up to 1.0% related
to the servicing of these assets. Finally, an annual administrative fee in a nominal amount of up to
$200 per investment applies to cover manual reporting for international investments that are held
"off platform" (meaning they are not held at a standard custodian like Schwab). The Advisor will
waive this administrative fee in the first year of the investment.

Fees may be negotiated at the sole discretion of the Advisor. Investment advisory fees will be
directly deducted from the client account on a quarterly basis by the qualified custodian or by other
means determined by Advisor and Client. The Client will give written authorization permitting the
Advisor to be paid directly from their account held by the custodian. The custodian will send a
statement at least quarterly to the client. In the event that sufficient funds are not available in the
custodian account to cover the advisory fees, the Client remains ultimately responsible for payment
of any outstanding fees.

Advisor’s fees for investment advisory services are separate and distinct from custodial and
execution fees charged by broker-dealers, and the expenses charged by mutual funds, exchange
traded funds, limited partnerships, and other securities issuers to their investors and shareholders.
These fees will generally include a management fee and other fund or product expenses and are
described in each fund’s or product’s prospectus or offering memorandum.

Advisor may charge a minimum quarterly administration fee as outlined in the Investment Advisory
Agreement if the client holds a low balance.

At no time will Advisor accept or maintain custody of a client’s funds or securities except for
authorized fee deduction.

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Neither Advisor nor its supervised persons accept compensation for the sale of securities or other
investment products, including asset-based sales charges or service fees from the sale of mutual
funds.

Item 7 Types of Clients

Advisor will offer its services to individuals, trusts, estates, or charitable organizations, and
corporations or other business entities. Advisor may establish a minimum account size or a
minimum quarterly billing requirement for new and existing clients. Advisor will provide existing
clients with 30-days prior notice if a minimum account size or minimum quarterly billing amount is
imposed.

The Advisor will primarily support trade execution, recommend or offer investments in Advised
Investments. Generally, investors in Advised Investments must be “accredited investors.” While
the U.S. Securities and Exchange Commission has defined multiple types of institutions as
accredited investors (for example, certain employee benefit plans and tax exempt charitable
organizations with assets in excess of $5 million), Advisor primarily advises individuals and high-
net worth individuals. Individuals are accredited investors if they meet certain financial criteria
defined by applicable law, which may change over time. Currently, an individual qualifies as an
accredited investor if they have a net worth, or joint net worth with a spouse or spousal equivalent,
of at least $1 million excluding the value of their primary residence; or have an income exceeding
$200,000 (or joint income with a spouse or spousal equivalent exceeding $300,000) in each of the
two most recent calendar years and a reasonable expectation of the same income level in the current
year.

Advisor requires that its Class G clients be accredited investors to invest in most Advised
Investments, but may at times accept non-accredited investors in connection with Advised
Investments that do not require investors who are accredited investors (e.g., certain investments
exempt under Rule 506 under SEC Regulation D). Investors in most Advised Investments must
meet the qualification requirements of investments using exemptions under Section 3(c)(1) or 3(c)(7)
of the Investment Company Act of 1940, as amended. When applicable, suitability will be
determined for Class N and D clients through due diligence inquiries determined to be appropriate
in the circumstances by Advisor. Advisor, at its sole discretion, may reject any client application
where the above qualification standards are not met and/or where it reasonably believes the investor
lacks the necessary financial sophistication, who purport to not fully understand Advisor’s method
of compensation and the nature of its risks, or who are otherwise deemed to be unsuitable for such
an arrangement in the Advisor’s sole discretion.

Advisor offers services to international clients seeking access to private markets. To open or
maintain an account, international clients are required to maintain a minimum total account balance
of $250,000. For any new alternative investment or add-on position, minimum order sizes of
$100,000 and $50,000 are required, respectively.

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