ETZ Advisory LLC

Item 5: Fees and Compensation

A. Advisory Fee Structure
ETZ Advisory LLC generally charges an annual asset-based fee, often 1.00% per annum, for
investment advisory, portfolio implementation, reporting, and custody-facilitation services, unless
a client agreement provides otherwise. Fees may be calculated on regulatory assets under
management or on another contractually defined billable base. Depending on the engagement,
that billable base may include cash and cash equivalents, public and private securities, digital
assets and related rights, private fund interests, real estate interests, life-insurance cash values
or policy receivables recognized under ASC 820, and other covered assets.

Fees are commonly billed monthly in arrears, but the billing period, fee base, valuation
mechanics, and any special treatment for illiquid or restricted assets are governed by the client's
agreement. In some engagements, illiquid or restricted assets may be valued under
documented methodologies, excluded from current fee billing until a liquidity event, or billed
under other disclosed mechanics.

ETZ does not guarantee that the economic benefit of its services will exceed the fees or
expenses incurred by the client.

B. Billing and Payment Methods
Depending on the engagement, ETZ may collect fees by invoice, by authorized custodian debit,
or by other payment methods permitted by the client agreement and applicable law. Where a
client authorizes fee deduction from an account at a qualified custodian, ETZ delivers invoices
and supporting information to the client and, where applicable, to the custodian in accordance
with the applicable agreement and regulatory requirements.

In some engagements and only where supported by the custodian and authorized in writing,
fees may be satisfied in kind up to the invoiced amount through custodian rails. ETZ does not
use that authority to transfer assets to adviser-controlled non-custodial wallets.

Unpaid amounts may accrue interest or other charges only to the extent provided in the client
agreement and permitted by law.

C. Other Fees and Expenses
Clients may incur additional fees and expenses beyond ETZ's advisory fee, including custodian
or brokerage fees, transaction charges, spreads, markups, exchange or network fees, staking
fees, appraisal or valuation expenses, audit fees, administrator fees, legal fees, accounting

fees, tax-preparation fees, insurance-related fees, and fees charged by third-party funds,
platforms, products, vehicles, or service providers.

ETZ does not provide, package, or absorb legal, tax, accounting, entity-classification,
charitable-structuring, or governance services. Clients engage and pay those providers directly
unless a separate written arrangement states otherwise.

D. Additional Compensation - Insurance
Certain supervised persons of the firm may be separately licensed as independent insurance
producers and may receive commissions from third-party insurers when a borrower, manager, or
related counterparty associated with an advisory client purchases insurance in connection with
collateral, liquidity planning, or credit support arrangements. This creates a material conflict of
interest because the supervised person has a financial incentive related to those insurance
products.

ETZ addresses this conflict by requiring written conflict disclosure and consent where
appropriate, by not conditioning the advisory relationship on use of any insurance product or
producer, and by maintaining the service boundary that ETZ does not provide legal, tax, or
accounting advice regarding those arrangements.

E. Additional Compensation - Affiliates and Third-Party Allocations
ETZ Advisory LLC and ETZ Soft Inc. are affiliated entities under common control. ETZ Advisory
LLC may pay ETZ Soft Inc. for technology infrastructure, software, onboarding support,
reporting support, and administrative services, and ETZ seeks to document those intercompany
services and allocations through written records and agreements. In addition, ETZ Soft Inc. or
its personnel may from time to time serve in manager, administrative, or operational roles for
certain client entities or may facilitate transfers between entity accounts or disbursements
approved under applicable governing documents, loan approvals, or authorized instructions.
These arrangements create conflicts because common ownership may influence service
allocation, oversight, pricing, or operational authority.

In certain third-party allocations or platform relationships, ETZ or an affiliate may charge
administrative, placement, access, or monitoring-related fees, or may include reasonable
spreads or markups in transaction pricing where disclosed and permitted by the applicable client
agreement and law. Those charges, if applicable, are disclosed through agreements, offering
materials, confirmations, invoices, and/or Form ADV disclosures.

F. Non-Payment
If a client fails to pay fees when due, ETZ may exercise the rights described in the client
agreement, which may include suspension of non-essential services, continued invoicing, or

other collection steps. ETZ will continue to take steps reasonably necessary to protect client
assets and comply with applicable law.

Item 7: Types of Clients
ETZ Advisory LLC provides services to joint ventures, pooled vehicles, limited liability
companies, trusts, special purpose vehicles, and high-net-worth individuals, as well as other
institutions and entities where the engagement fits the firm's operational and compliance
framework.

ETZ does not impose a universal account minimum, but it may decline relationships that do not
fit the firm's operational capabilities, risk tolerance, custody model, or compliance profile.