Kaiser Partner Financial Advisors Ltd

5.     Fees and Compensation

Investment advisory services
KP FA charges an investment advisory fee (“fee”) for its services. The fee is charged quarterly and is calculated as a percentage of
the average quarterly assets under management, which is equal to the arithmetic mean of the assets under management on the
fifth value day prior to the end of each month. Assets under management for these purposes include all funds subject to the
investment advisory services. Notwithstanding the foregoing, a minimum annual fee of CHF 10’000 (or currency equivalent) will
apply. The investment advisory services can be cancelled at any time by the client. In this case, the accrued fees shall be borne by
the client.

KP FA reserves the right to aggregate related client accounts for fee calculation purposes. Fees vary depending on the assets under
management, the nature of the account and other arrangements that the client can consent to. In certain circumstances, Fees are
waived, discounted and/or negotiated at the discretion of KP FA. KP FA reserves the right to charge additional fees for services
outside the scope of services described below.

Kaiser Partner Financial Advisors Ltd.             28.04.2026                                                        Page 4 of 16

KP FA relies on the custodian banks of its clients to value the assets in each respective client account and directly debits under the
client’s authority its fees from each client’s account proportionally or, where agreed otherwise with the client, from one account.
Fees are not payable in advance.

In any partial calendar quarter, the fee will be prorated based upon the number of days that the agreement was active during the
quarter.

                                           Discretionary Portfolio Management Service
                Asset range in CHF                                         Service Fees in % per annum
         From                     To                              From                                          To
            0                 5’000’000                           0.90                                         1.40
       5’000’001              10’000’000                          0.80                                         1.30
       10’000’001             15’000’000                          0.70                                         1.20
       15’000’001             20’000’000                          0.60                                         1.10
       20’000’001             and above                           0.50                                         1.00

                                           Non-Discretionary Portfolio Advisory Service
                Asset range in CHF                                         Service Fees in % per annum
         From                     To                              From                                          To
            0                 5’000’000                           0.85                                         1.40
       5’000’001              10’000’000                          0.60                                         1.30
       10’000’001             15’000’000                          0.60                                         1.20
       15’000’001             20’000’000                          0.60                                         1.10
       20’000’001             and above                           0.60                                         1.00

                                                Non-Discretionary Hold Only Service
                Asset range in CHF                                         Service Fees in % per annum
          From                    To                              From                                          To
            0                 5’000’000                           0.50                                         0.80
       5’000’001              20’000’000                          0.40                                         0.60
       20’000’001             and above                           0.30                                         0.50

The fee covers solely the investment advisory services described herein. Additional fees can incur for services beyond that, which
will be charged on an hourly basis. These include, among others, fees for reclaim of withheld taxes, fees for expenses related to the
closing of the business relationship and fees for due diligence checks in the European property market. Rates will vary depending
on the type of service and personnel assigned with the work.

Custodian fees, fees for trade settlement and other fees will be charged by the custodian bank chosen by the client and/or the
broker-dealer used for trading securities and foreign exchange. The fee does not include management or other fees charged by
exchange-traded funds or other products in which client funds could be invested.

Fees are subject to VAT at the prevailing rate at the time they are due.

Kaiser Partner Financial Advisors Ltd.              28.04.2026                                                        Page 5 of 16

7.     Types of Clients

KP FA provides investment advisory services to non-U.S. as well as U.S. clients that are high net worth individuals, individuals and
(associated) trusts, estates and other legal entities. A minimum of USD 500’000 is required from clients, although this may be
modified by KP FA.