Goldenx Company

Item 5.    Fees and Compensation

As compensation for its investment advisory services, the Adviser receives from each Account an
investment advisory fee typically charged as a percentage of the market value of the Account. The
precise amount and the manner and calculation of the investment advisory fee for each Account is
typically set forth in the Sub-Advisory Agreement. Investment advisory fees will differ from one
Client or Account to another. The investment advisory fee is generally subject to modification,
waiver or reduction by the Adviser in its sole discretion, both voluntarily and on a negotiated basis
with selected Clients.

Investment advisory fees are generally billed to, and are payable, monthly in arrears. Fees will be
prorated for additions and withdrawals during the applicable billing period. Clients will have the
right to close any Account without penalty at any time. Accounts opened or closed during a billing
period will be charged a prorated investment advisory fee through the date of termination. The

investment advisory fee may fluctuate depending on various factors, including but not limited to
the size of the Client’s assets held in Accounts that are managed by the Canopy, strategies selected
by the Client and/or the capacity of strategies utilized.

The Adviser has no authority to deduct fees directly from any Account. Pursuant to Client
authorization provided in the Sub-Advisory Agreement between Client and Canopy, and Client’s
contractual responsibility to obtain similar authorization from its Investors, the Adviser sends the
Account’s custodian (via the custodian’s portal or other method as directed by the custodian) the
amount of the appropriate fee for the Account. The custodian then pays the Adviser’s fee directly
to the Adviser out of the Account’s assets. Each Investor receives at least quarterly statements
from the custodian which reflect all of the activity in the Account, including the deduction of the
investment advisory fee. The Client also has visibility into the deduction of the investment
advisory fee, among other matters concerning the Account.

The Adviser’s investment advisory fee does not include brokerage commissions, transaction fees,
and other related costs and expenses. Investors are responsible for certain charges imposed by
custodians, broker-dealers, and other third parties, including but not limited to, fees charged by
Clients, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, withholding
fees, country tax or delivery fees, wire transfer and electronic fund fees, and other fees and taxes
on brokerage accounts and securities transactions. These fees will be paid out of the assets in the
Account. Also, with respect to any mutual fund and exchange-traded fund purchases, there may
be charges imposed at the fund level (e.g., management fees and other fund expenses) that can
increase the total fee paid by Investors. For additional information regarding brokerage practices,
please see Item 12 below.

Item 7.    Types of Clients

The Adviser typically provides its investment advisory services to Clients, who are registered
investment advisors and their Investors. The Investors are typically individuals and their family
members, family foundations, family trusts, and other entities such as corporations, limited
liability companies and partnerships, independent foundations, and endowments.

Accounts are typically subject to a minimum asset size of $350,000, but such minimums may be
waived by the Adviser, in its sole discretion.