Morton Capital Management LLC

Item 5. Fees and Compensation

A. Investment Advisory Service Fees:

Morton is compensated for its investment advisory services on a fee-only basis. Morton’s
standard fees are based upon a percentage of assets under management and generally range
from 0.50% to 1.00% on a tiered basis or, on occasion, advisory fees may be a flat fixed amount
(please see descriptions below). These fees are subject to negotiation. Morton’s fees are
generally based on the standard schedule below:

Percentage of the Net Asset Value. Based on the net asset value of the account as of the end
of the preceding calendar quarter, to be paid quarterly in advance:

100 basis points (1%) per annum on the first $5,000,000
50 basis points (1/2 of 1%) per annum on amounts above $5,000,000

A minimum fee of $3,750 per quarter ($15,000 per annum) applies. Morton has discretion to
waive or reduce the minimum fee level for any client at any time.

Fixed Fee. While most clients are charged an asset-based management fee, Morton will
occasionally negotiate an annual flat rate management fee with certain clients. In those
cases, a fixed annual fee is agreed upon with the client and is billed quarterly in advance.

Morton bills for fees on a quarterly basis based on calendar quarters and asset-based fees
are calculated using the account’s asset value (including cash and cash equivalents) as of
the last business day of the prior quarter unless otherwise agreed upon. The fees are
automatically deducted directly from the client’s account unless a direct bill is agreed upon.
Fees are generally billed in advance, and due on the first day of the quarter. Advisory fees are
never charged more than six months prior to the performance of services.

Prior to engaging Morton to provide advisory services, clients are required to enter into a
written Investment Advisory Agreement (the “Agreement”) with Morton setting forth the terms
under which Morton will provide its services. The exact services provided, and applicable fee
schedule will be agreed upon and disclosed in the Agreement. The Agreement is terminable
at will by either party upon receipt of written notice to the other party.

Through the Agreement, clients provide Morton with authority to invoice the client’s custodian

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                                        March 24, 2026

directly for payment of Morton’s fees. Upon receipt of the invoice, the custodian will debit the
fees from the client’s account and credit that amount to Morton‘s fee account. Clients will
receive a periodic (at least quarterly) account statement from their custodian, reflecting
among other things, any fees withdrawn by the custodian and paid to Morton. Clients are
urged to compare statements received by their custodian, with those statements sent by
Morton and/or made available on Morton’s client portal.

Morton has discretion to change, waive or reduce fees or to enter into a fee agreement other
than the standard fee schedules shown above. Some of the factors relevant to the decision to
charge different fees are the account size, type of client, investment strategy and the nature
of the relationship between Morton and the client.

Should a client begin its relationship with Morton during a quarter, the asset management fee
may be prorated for assets held for a partial quarter based on the number of days that the
account was open during the quarter. If Morton’s services are terminated during the quarter,
clients will receive a pro rata refund of any pre-paid unearned advisory fees. Management fees
will be calculated through the termination date and any unearned portion of prepaid fees will
be returned to the client. The portfolio value at the completion of the prior full billing quarter
is used as the basis for the fee computation, adjusted for the number of days during the billing
quarter prior to termination.

B. Private Fund Investment Adviser Fees

Morton serves as the General Partner and provides investment advisory services to RBE, a
private fund. Morton does not charge a management fee or receive any compensation for its
role as General Partner and manager.

C. Tender Offer Fund Investment Adviser Fees

Morton, through its wholly owned subsidiary, serves as the investment adviser to the 83
Investment Group Income Fund (“83IG”). 83IG is a continuously offered, non-diversified, closed-
end tender offer fund registered under the Investment Company Act of 1940 (the “1940 Act”).

83IG has retained Morton’s subsidiary as its investment adviser, and subject to the supervision
of 83IG’s Board of Trustees, Morton provides a continuous program of supervision for 83IG’s
assets. Under our advisory agreement with 83IG, 83IG will compensate Morton or its affiliate
for advisory services through the payment of a Management Fee. The Management Fee is
equal to 0.95% per annum, payable monthly in advance.

Any Morton advisory client who is also an investor in 83IG will receive a credit to their quarterly
investment advisory fees in the same dollar amount of any 83IG Management Fees paid during

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the prior quarter. If the 83IG fee credit exceeds the amount of a client’s advisory fee (for
example, if a client pays a discounted advisory fee), Morton will reduce the client’s advisory fee
to $0, but will not pay out any excess remaining fee credit to the client. Additionally, certain
“friends and family” clients to whom Morton does not charge an advisory fee will not receive a
credit of their 83IG management fees.

D. “Modearn” Offering Fees

Morton’s standard “Modearn” service offering includes financial planning and advice as well
...

Item 7. Types of Clients

Morton typically offers its services to individuals and families (including retirement accounts),
pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and
other business entities, and pooled investment vehicles.

Because Morton’s services are targeted mainly for accounts of over $1,000,000, it may limit
the number of smaller accounts that it chooses to accept. Morton retains discretion to waive
or change the advisory fee for any account, or to decline any potential client for any reason.
As noted in Item 5, Morton charges a minimum fee of $15,000 per annum and Morton has the
sole discretion to reduce or waive this minimum annual fee.

If a Client’s account is a pension or other employee benefit plan governed by the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”), Morton may be a fiduciary to
the plan. In providing our investment management services, the standard of care imposed
upon us is to act with the care, skill, prudence and diligence under the circumstances then
prevailing that a prudent man acting in a like capacity and familiar with such matters would
use in the conduct of an enterprise of a like character and with like aims. Morton will provide
certain required disclosures to the “responsible plan fiduciary” (as such term is defined in
ERISA) in accordance with Section 408(b)(2), regarding the services Morton provides and the
direct and indirect compensation received by Morton. Generally, these disclosures are
contained in this Form ADV Part 2A, the client agreement and/or in separate ERISA disclosure
documents, and are designed to enable the ERISA plan’s fiduciary to: (1) determine the
reasonableness of all compensation received by Morton; (2) identify any potential conflicts of
interests; and (3) satisfy reporting and disclosure requirements to plan participants.

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                                      Form ADV Part 2A
                                       March 24, 2026