Five Eleven Family Office LLC

Item 5: Fees and Compensation

Client fees are negotiated and are set forth in detail in the corresponding Investment Management
Agreement. A brief summary of such fees is provided below.

Management Fee

Five Eleven is to be paid an annual fee (“Management Fee”) which is a percentage of assets under
management. This fee is paid to Five Eleven for advisory services and securities recommendations within
each Client account.

The Management Fee ranges from 0% to 2% per annum. The Management Fee will be negotiated and
agreed to with each Client within the Client’s Investment Management Agreement. The Management Fee
will be paid quarterly in advance of each calendar quarter.

Assets Under Advisement

Five Eleven intends to also be paid an annual fee to advise on each Client’s portfolio. The assets and/or
accounts in which the Firm is not making securities recommendations on behalf of will be deemed “Assets
Under Advisement” and will be charged an “Advisement Fee”. The Advisement Fee ranges from 0% to 1%
per annum.

The Client’s full portfolio (assets and/or accounts) with Five Eleven will be discussed upon inception of a
relationship with the Client and will be categorized as Assets Under Advisement or Assets Under
Management, in which the corresponding fee structure would be decided. The Firm excludes any Assets
Under Advisement from the Management Fee calculation and any Assets Under Management from the
Assets Under Advisement calculation each quarter. Advisement Fees are to be paid quarterly in advance of
each calendar quarter.

The Management Fee and the Advisement Fee are invoiced together and be referred to as the “Wealth
Management Fee”. The Wealth Management Fee is to be charged quarterly in advance of each quarter.

Performance Fee

Five Eleven has the ability to incur performance based fees and has started charging said fees on privately
held Client securities. Specific terms for fees will be set in each privately held security’s Operating
Agreement. The typical performance based fees are a percentage of appreciation from a determined price
in which Five Eleven helped acquire, or started managing an investment on behalf of a Client. Please see
Item 6 below for further disclosure and each SPV’s operating agreement for specific terms and conditions
relating to performance fees.

Other Types of Fees or Expenses

Financial Planning, Consulting, Concierge Services

Five Eleven offers clients a broad range of comprehensive financial planning, consulting, and concierge
services. These services are tailored to the individual needs of the Client, but may include income planning,
cash flow analysis and budgeting. Five Eleven’s concierge services may include assistance with the
essential lifestyle demands of high-net-worth clients, such as coordination of bill pay, property
management, and philanthropic planning.

Prior to engaging Five Eleven to provide financial planning, reporting and/or consulting services, Clients
will be required to enter into a written agreement with the Firm setting forth the terms and conditions of the
engagement.

Special Purpose Vehicles and Other Pooled Investment Vehicles

The Firm sources opportunities that are private in nature. When such opportunities arise, the Firm may
create SPVs or Funds in order to consolidate Client investments into a singular vehicle for the purpose of
accessing such investments. As the Firm will serve as manager of any such SPV or Fund, the Firm will be
entitled to asset management and performance-based fees from such vehicles. However, for any Client
assets classified as “Assets Under Management” and invested into any SPV or Fund, the Firm shall not be
entitled to asset management fees and the Firm’s compensation for such management shall be limited to
performance-based fees as described in the SPV’s or Fund’s private placement memorandum (“PPM”) and
additional offering documents.

Expenses

As further discussed in response to Item 12 below, Five Eleven generally recommends that Clients utilize
the brokerage, custodial, and clearing services of various broker-dealers, trust companies, or banks
(collectively, “Financial Institutions”) for investment management accounts.

The Firm may only implement its investment management recommendations after a client has arranged for
and furnished Five Eleven with all information and authorization regarding accounts with appropriate
Financial Institutions.

Clients generally incur certain charges imposed by the Financial Institutions and other third parties such as
fees charged by independent investment managers, custodial fees, charges imposed directly by a mutual
fund or ETF, deferred sales charges, odd-lot differentials, trade away fees, transfer taxes, wire transfer and
electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions. The

Financial Institutions, executing broker(s) and/or their affiliates may have distribution or similar
arrangements with fund families and receive distribution fees and other compensation in the form of
management fees, placement fees, sales charges, redemption fees, structuring fees, due diligence fees and
trailer fees from products they issue, manage, and/or distribute, or from third-party providers. The Firm’s
Clients may purchase fund shares directly from the funds without using the Firm’s services or incurring our
Management Fee. It is possible that Clients may obtain share classes that are less expensive than the share
classes available through Five Eleven. Please refer to the fund’s prospectus or offering documents for
additional information. Five Eleven does not receive trail commissions or 12b-1 fees. When investing in
funds for a client’s portfolio, Five Eleven generally seeks to invest in the share class that is most
advantageous to the client under the circumstances.

Mutual fund companies typically offer multiple share classes of the same fund. Share classes are described
...

Item 7: Types of Clients

Our clients are the SMAs, as described in Item 4 above. Five Eleven provides its services to individuals,
families, trusts, estates, charitable organizations, corporations, and other types of business entities.

Five Eleven works generally with families and individuals with net worth profiles approaching

$100,000,000 and higher. However, the Firm may waive this requirement at its discretion. The accounts of
family members may be aggregated to meet the minimum portfolio size. In addition, the minimum
requirement will be waived for employee related accounts.

Certain independent investment managers may impose more restrictive account requirements than the Firm.
In such instances, Five Eleven may alter its corresponding account requirements to accommodate those of
the independent investment managers.