Seaport Global Advisors LLC

Item 5: Fees and Compensation

Investment Management Services Fee: As compensation for its services, Seaport
charges a percentage of the market value of the assets it manages. For separately managed
accounts, the fees are based on an annual percentage rate applied to the market value of the
portfolio on a quarterly basis, and in some cases, monthly. For the Fund, the fees are based
on an annual percentage rate applied to the market value of the portfolio on a monthly
basis. Separately managed account clients may choose to be invoiced, or Seaport can direct
debit from the client’s custodial account, either quarterly or monthly, in advance, or arrears.
For separately managed account clients billed at the beginning of each quarter, and in the
event that a client terminates their investment advisory contract prior to the end of the
quarter, the fee will be recalculated from the beginning of the quarter to the termination
date; any difference between what was paid and the new fee will be returned to the client.
In most cases the fees are calculated based upon the market value of the portfolio at the
end of each quarter/month, although some accounts are billed based upon the market value
of the portfolio at the beginning of the quarter. The timing of calculations is determined in

the services agreement before services begin. One-fourth in the case of quarterly billing or,
in the case of the monthly-billed clients, one-twelfth of the annual fee is then billed to the
client for services performed during that quarter or month. For clients billed at the
beginning of each quarter, and in the event that a client terminates their investment advisory
contract prior to the end of the quarter, the fee will be recalculated from the beginning of
the quarter to the termination date; any difference between what was paid and the new fee
will be returned to the client. For clients billed at the end of each quarter, and in the event
that a client terminates their investment advisory contract prior to the end of the quarter,
the fee will be pro-rated for the partial period that the account was under management. The
management agreement runs for an initial period of one year, and quarterly thereafter. The
agreement generally may be terminated by either party without penalty upon 30 days'
written notice.

EntrepreneurShares Global Portfolio fee schedule: Fees for serving as adviser to the
Fund are based upon the following fee schedule:

Assets Under Management Per Annum
First $20 Million: 1.25%
Over $20 Million: Negotiated

Accounts that are affiliated, whether by family or corporate relationships, are aggregated
for purposes of meeting the applicable breakpoints in the above schedules. Seaport will
negotiate fees for accounts of substantial size, or with platforms with small accounts that
in aggregate are of substantial size.

Seaport may, under certain circumstances and at its discretion, charge lower fees than the
published fee schedule for the first $100 million committed or deposed in each strategy
created by Seaport. Typically, these lower fees only apply to large institutional manager-
of-manager accounts whose multi-manager investment guidelines and business model
require a lower fee be applied.

Seaport does not charge a fee on separately managed account client assets invested in the
Fund because it receives a management fee directly from the Fund as set forth below.

ERShares Global Entrepreneurs Mutual Fund fee schedule: In return for managing
Fund assets, Seaport receives a management fee of 0.89% of the value of Fund assets per
year. Seaport has agreed to lower its fee to ensure a cap on total Fund expenses of 0.98%
for the Institutional share class and 0.98% for Retail class and Class A (which are not
currently active).

SpaceX Exposure - Long/Short SMA Strategy Program: This Separately Managed
Accounts (SMAs) Program is available to accredited investors and qualified institutional
buyers. The Adviser’s fees, including the structure, methodology, and timing of payment,
are negotiated on a client-by-client basis and are set forth in the applicable client
agreement. Fees may be based on factors such as assets in the account, investment results,

account size, complexity, and the overall relationship with the Adviser. As a result,
similarly situated clients may pay different fees and receive different terms.

Separately Managed Account fee schedule: Separately Managed Accounts (SMAs) fees
are charged as a percentage of assets under management and will be agreed upon with the
client in the Investment Management Agreement which will be executed prior to Seaport
providing investment management services to the client.

Other Fees: Separately managed account fees paid to Seaport are for Investment
Management Services only. The fees do not include, for example, fees charged by third
parties such as third-party managers or accountants and attorneys assisting with providing
the client with accounting and legal advice. Commissions on transactions and other account
fees will also be charged by brokerage firms in accordance with the account’s brokerage
or custodial firm’s normal commission schedule. See Item 12, Brokerage Practices, for
additional information.

Prospective clients should be aware that in addition to Seaport's advisory fees, each
exchange-traded fund or mutual fund in which a client's assets are invested also pays its
own advisory fees and other internal expenses, which already have been deducted from the
fund's reported performance.

Item 7: Types of Clients

Description
Seaport currently offers its services to investment companies. In addition, the firm offers
its advisory services to a wide variety of potential clients including, but not limited to
investment companies, financial institutions, pension, and profit-sharing plans,
corporations and individuals. Clients at Seaport currently include investment companies
only. If Seaport were to provide asset management services to other types of clients, a
minimum account size will be considered.