Rex Advisers LLC

Item 5 – Fees and Compensation

The fees and compensation payable to REX vary among the REX Shares ETF offerings and are
further described in the applicable prospectus’ fee table. REX, in exchange for providing
advisory services to the UCITS ETFs, receives a portion of the management fee which is
calculated based on a set percentage of the assets under management as set forth in the
corresponding supplement. REX’s compensation for providing advisory services to the
Segregated Portfolios is described in the applicable IMA.

Exchange Traded Funds (“ETFs”)

REX, as the primary investment adviser to the REX Shares ETFs, performs its portfolio
management services in exchange for compensation owed to the Firm as set forth in the fee
table of the prospectus. The fees attendant to the REX Shares ETFs range based on the
investment strategy of the investment offering but, in general, impose a management fee that
varies depending on the specific offering as described in the fee table of the prospectus.
Where applicable, the designated Sub-Adviser to the REX Shares ETFs receives a percentage
of the fee for providing services to these offerings. The fund administrator or custodian for
the REX Shares ETFs deducts applicable advisory or management fees and transmits our fee
payment on a monthly basis.

REX and, where applicable, the designated Sub-Adviser will furnish investment management
and/or portfolio-related services to the REX Shares ETFs that our Firm manages whereas, in
general, the administration, custodial, marketing, and/or distribution services are facilitated
by other financial institutions who receive payment from the funds as described in the
applicable prospectus and SAI. The REX Shares ETFs impose other expenses as further
described in the fund prospectus.

UCITS ETFs

REX, in its capacity as Investment Manager to the UCITS ETFs, is entitled to receive advisory
fees from the Manager. These fees are payable at such times and in such manner as may be
agreed between the Manager and Investment Manager from time to time together with any

value added tax payable thereon. The fee of the Investment Manager shall accrue daily and
be payable monthly in arrears.

REX has delegated certain responsibilities to a Sub-Investment Manager to support the
management of these UCITS ETFs. The Sub-Investment Manager is compensated with a
portion of the management fee earned. For additional information, refer to the applicable
supplement.

Segregated Portfolios

REX receives a management fee payable monthly and calculated as a percentage of the daily
net assets of each Segregated Portfolio under its advisement as specified under the advisory
agreement. This fee is waived under the agreement and REX solely receives the fee attendant
to the REX Shares ETF with which the Segregated Portfolio is associated. REX pays the
expenses associated with the Segregated Portfolios as directed by the applicable governing
documents.

Additional Fees and Expenses

The Fund Clients may incur additional fees and expenses as described in the applicable
prospectus, supplement, and/or SAI. Information concerning additional fees and expenses
for Segregated Portfolios is further described in the applicable governing documents.

Termination and Refunds

In connection with the REX Shares ETFs, termination and refunds are not applicable;
however, investors may liquidate their holdings subject to the terms and conditions
communicated in the prospectus.

In the case of UCITS ETFs, both the Manager, HANETF, and Investment Manager, REX, may
terminate the IMA subject to the prescribed terms and provisions thereunder. Investors may
liquidate their holdings subject to the terms and conditions communicated in the supplement.

For the Segregated Portfolios, the IMA provides that termination, in sum, may be exercised
by either party at anytime subject to 60 days’ written notice.

Item 7 – Types of Clients

REX provides investment management services to the REX Shares ETFs, UCITS ETFs, and
Segregated Portfolios. REX does not otherwise provide advisory services to any other RICs or
other pooled investment vehicles nor does our Firm furnish direct advisory services to any
retail investors as that term is defined by the SEC.

REX does not open or maintain client accounts. To invest in REX Shares ETF(s) or the UCITS
ETFs we manage, the investor must obtain financial services directly from a financial
institution, an RIA or broker-dealer, to open an account and make an investment (subject to
investment account minimums for the UCITS ETFs, as set forth in the applicable supplement).
Investors must meet attendant eligibility requirements specific to the UCITS ETFs which are
not, in general, available to US-based investors whereas the REX Shares ETFs are available to
both US and non-US-based investors. The Segregated Portfolios are not available for direct
investment by investors.