HTAA LLC

Item 5.         Fees and Compensation

The Fund
Pursuant to an advisory agreement between HTAA and the Fund, the Fund pays HTAA
0.91% of the average daily net assets of the Fund. This fee is paid to HTAA on a monthly
basis. Please refer to the ETF’s prospectus for more information on the applicable fees
and expenses.

The Separate Accounts
Clients pay an investment advisory fee based on a percentage of the market value of the
assets managed by HTAA. HTAA may also charge performance-based compensation
with respect to the Separate Accounts, though at this time it has no such arrangements.
HTAA’s compensation from Separate Accounts varies on a case-by-case basis as a result
of negotiations with the Client and/or factors that may include particular circumstances
of the Client. Fees are also determined by the size and scope of the overall Client
relationship with HTAA and its affiliates. Fees are charged quarterly in arrears based on
the end of quarter notional amount and HTAA bills Clients for advisory fees incurred.

Management Fee Only Account

 Notional                                       Fee
 $5M - $50M                                     .80%
 $50M - $100M                                   .70%
 $100M +                                        .60%

Performance Fee Only Account

 Notional                                       Fee
 $5M +                                          15%

General Disclosure
Accounts that invest in ETFs also pay, indirectly, investment advisory fees to the
managers of those funds. HTAA believes that its fees are competitive with fees
charged by other investment advisers for comparable services. Comparable services
may be available, however, from other sources for lower fees.

Each Separate Account client will enter into a Trading Advisory Agreement with HTAA
whereby each such client will appoint HTAA to manage the investment of all cash and
other assets in the account. The Trading Advisory Agreement may be terminated in the
following manner: (i) by either party (for any reason or no reason) upon not less than
30 days’ written notice to the other party (or such shorter period as may be agreed
upon by the client and HTAA in writing); (ii) by either party upon a material breach of
the Agreement by the other party, unless such breach shall have been cured by the
breaching party or waived by the non-breaching party within 15 days after receipt of
written notice of such breach; or (iii) immediately by one party if the other party is
dissolved, becomes insolvent, is unable to pay its debts as they fall due, makes a general

claim instituted against it a proceeding seeking a judgment of insolvency or
bankruptcy, or if a liquidator, administrator or equivalent is appointed in respect of
such party or substantially all of its assets.

In all cases, expenses, the pro rata portion of the management fee through the date
of termination are charged to the account. All prepaid but unearned advisory fees are
refunded on termination of a client’s account.

Each Separate Account is responsible for its own costs and expenses, including
trading costs and expenses including:

    •     Brokerage commissions
    •     Clearing fees
    •     Stamp duties
    •     NFA fees
    •     Exchange fees
    •     Miscellaneous fees such as telephone order placement
    •     Legal, accounting or bookkeeping fees
    •     Administrator fees

HTAA bears its own operating, general, administrative and overhead costs and
expenses, other than the expenses described above.

Item 7.        Types of Clients

HTAA provides investment advice to the Fund and to the Separate Accounts.

With regard to the Fund, individual shares may only be purchased and sold on a
national securities exchange through a broker-dealer. The Fund’s shares are listed on
the Cboe BZX Exchange (the “Exchange”). The shares of the Fund that trade on the
Exchange are “created” at their NAV by market makers, large investors and
institutions only in a number of shares called a “Creation Unit.” The Fund issues and
redeems shares on a continuous basis, at NAV, only in Creation Units of at least
10,000shares. A “creator” enters into an authorized participant agreement
(“Participant Agreement”) with the Distributor or uses a Depository Trust Company
(“DTC”) participant who has executed a Participant Agreement (an “Authorized
Participant”), and deposits into the Fund a portfolio of securities closely
approximating the holdings of the Fund and/or a specified amount of cash, together
totaling the NAV of the Creation Unit(s), in exchange for at least 10,000shares of the
Fund (or multiples thereof).

The price of the Fund’s shares is based on market price, and because exchange-traded
fund shares trade at market prices rather than NAV, shares may trade at a price greater
than NAV (premium) or less than NAV (discount).

With regard to the Separate Accounts, HTAA generally requires a minimum of
$5,000,000 to open a Separate Account but may waive this minimum. HTAA’s Separate
Account clients may include high-net-worth individuals, institutions, trusts,
endowments and pension plans.