Lend Academy Investments LLC

Item 5 – Fees and Compensation

Series Funds

For the Series, the Investment Manager receives performance-based fees (as discussed further in Item 6 –
Performance-Based Fees; Side-by-Side Management) and a management fee from investors in each Fund
component or strategy, generally calculated as a percentage of the “Net Asset Value” (that is, total assets, plus
interest income paid and accrued, plus unrealized profits and losses on open positions, minus total liabilities
including any transaction expenses) attributable to each investor as specified in the Offering Documents of the
Series and summarized below:

For the Series component ‘LRLTC’ Fund, the Investment Manager will collect an annual management fee of
1%, which will be calculated on a monthly basis (365 day year, or 0.00274% daily), and billed monthly in
arrears of the Net Asset Value of each investor for such period, calculated following the end of the previous
calendar month, or such other interval as may be determined by the Investment Manager.

For the Series component ‘LRD’ Fund, the Investment Manager will receive a monthly management fee
(“Management Fee”) paid in advance as of the first business day of each calendar month, equal to the sum of
0.0833% (i.e., 1.0% on an annualized basis) of the beginning balance of each investor’s capital account.

The Investment Manager may, in its sole discretion, reduce, waive, or calculate differently the management fee
with respect to any Fund or investor, including, without limitation, affiliates or employees of the Investment
Manager, members of the immediate families of such persons, and trusts or other entities for their benefit.

For all Series component Funds, the Investment Manager intends to limit expenses to 0.59% of the assets of
each Fund, excluding transaction expenses, on an annual basis, with the Investment Manager permitted to
recover excess expenses out of its Management Fee, Performance Fee, or through other means. The Investment
Manager may, at its sole discretion, modify or eliminate this expense limitation at any time. Certain

extraordinary expenses (e.g., non-routine legal, professional, or regulatory compliance expenses) shall be borne
by the Investment Manager in full (and/or allocated proportionally among the Series, as may be applicable in
the Investment Manager’s discretion) in addition to the regular expenses of the Investment Manager.

The minimum investment for all Series Funds is $100,000.00.

See also the Offering Documents for additional details on all the fees and expenses for the Series.

LAI may enter into a side letter or similar agreement to or with an investor that has the effect of establishing
rights under or altering or supplementing the terms of the Offering Documents, including but not limited to,
reducing or waiving the management fee, reducing the account minimum, and/or modifying withdrawal rights
and information rights. LAI may also charge lower management fees or waive account minimums for
employees, including principals, affiliates or relatives of such persons.

Managed Account Service

Lend Academy Investments’ Managed Account Service clients pay a fee, payable either monthly in arrears in
the case of LendingRobot, or quarterly in arrears in the case of NSR Invest. The fee equals an agreed-upon
percentage of the account’s average daily balance for the preceding month or quarter, respectively. The MAS
Management Fee consists of a fee for the utilization of LAI’s investment strategies (“Investment Strategy Fee”)
(or the “MAS Management Fee”). Additionally, some LendingRobot clients are subject to a fee waiver (“Fee
Waiver”) on a certain portion of their MAS fee – usually the first $5,000, subject to a higher limit if the client
is referred by certain partners or at the sole discretion of LAI. The Fee Waiver is independent of the Investment
Service selected, whereby clients using both the NDIS and MAS are subject to the same total Fee Waiver
amount.

 Investment Strategy                              MAS Management Fee
 NSR Invest Conservative                          0.60 % per year, assessed quarterly
 NSR Invest Balanced                              0.60% per year, assessed quarterly
 NSR Invest Assertive                             0.60 % per year, assessed quarterly
 LendingRobot Fully Automated Mode                0.45% per year over Fee Waiver, assessed monthly

The recommended minimum investment for the Managed Account Service is $10,000 per account.

For some clients, we charge a fixed monthly fee for software/technical services that are provided in addition
to advisory services. The fee varies based on the amount of services required.

Non-discretionary Investment Service

NSR Invest’s and LendingRobot’s Non-discretionary Investment Service clients pay a fee, payable either
monthly in arrears in the case of LendingRobot or quarterly in arrears in the case of NSR Invest (“NDIS Fee”).
The NDIS Fee applies to NSR Invest clients with aggregate assets of $20,000 or more. Additionally, some
LendingRobot clients are subject to a Fee Waiver on a certain portion of their NDIS fee – usually the first
$5,000, subject to a higher limit if the client is referred by certain partners or at the discretion of LAI. The Fee
Waiver is independent of the Investment Service selected, whereby clients using both the NDIS and MAS are
subject to the same total Fee Waiver amount.

 Investment Service                              NDIS Fee
 Use of the NSR Platform                         0.45% annually, assessed quarterly

 Use of the LendingRobot Platform                0.45% per year over Fee Waiver, assessed monthly

The recommended minimum investment for the Non-discretionary Investment Service is $5,000 per account.
For some clients, we charge a fixed monthly fee for software/technical services that are provided in addition to
non-discretionary investment services. The fee varies based on the amount of services required.

All Accounts
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Item 7 –Types of Clients

Lend Academy Investments provides discretionary and non-discretionary investment advice directly, through
managed accounts, to eligible individuals, high-net-worth individuals, financial advisors, trusts, family
partnerships, funds, institutions, and other similar clients who execute an investment advisory agreement.
Eligibility varies under state law and is provided with the investment advisory agreement prior to an investor’s
execution.

LAI also acts as a general partner and investment manager to the Funds. Investors in the Funds must be
“accredited investors” as defined under Rule 506 of the Securities Act.

Please see “Fees and Compensation” for information about the account minimums. LAI reserves the right to
waive the account minimum in its sole discretion. LAI also reserves the right to close any account that falls
below the minimum requirements to establish an account due to client activity or due to a change in the value
of the client’s investments.