Lumina Fund Management LLC

Item 5: Fees and Compensation

Item 5A: For the Fund, Lumina charges a management fee and a performance fee. Lumina may also
negotiate flat fee arrangements with some clients. In addition to the fee(s) Lumina charges, clients may
incur commissions, custodian, ETF and/or mutual fund expenses charged by other service providers (but
not received by Lumina in whole or in part) in connection with Lumina’s advisory services.

Managed Accounts
Item 5B: Management Fee: As of December 31, 2023, Lumina has discontinued its Managed Account
program and returned all Managed Account program assets to investors.

The Fund
Item 5B: Management Fee: Lumina charges an annual 1% management fee, based on a percentage of
assets under management. The management fee is calculated pro-rata on a monthly basis and paid
quarterly in arrears. The Fund’s Administrator independently calculates the management fees, which
are in turn verified by Lumina. Lumina may negotiate its management fee and may offer discounts for
strategic investors, employees, friends and family.

Item 5B: Performance Fee: The Fund’s General Partner, Lumina Fund Advisors LLC, is entitled to an
annual performance fee equal to 10% of the appreciation of each Limited Partner’s Capital Account. The
Fund’s Administrator independently calculates the performance fees, which are in turn verified by
Lumina. The performance fee will be calculated in arrears according to the guidelines stipulated in the
Limited Partnership Agreement and Private Placement Memorandum. Lumina may negotiate its
performance fee and may offer discounts for strategic investors, employees, friends and family.

If the net return is negative, no performance fee is paid by Limited Partners until the value of the Limited
Partners’ Capital Account at the end of successive payment dates exceeds the highest level reached at
the end for all previous calendar years.

Item 5C: Additional Fees: The Fund may incur additional administration, legal and accounting fees in
compliance with its investment management and limited partnership agreement.

Item 7: Types of Clients

Lumina provides advisory services to various types of clients.

The Fund: Lumina’s Fund investors can include qualified high net-worth individuals, corporations, trusts,
fund-of-funds, family offices and other institutional accounts. The minimum investment is $1,000,000;
however, Lumina may accept smaller amounts.