Valur ROBO Advisors LLC

Item 5 - Fees and Compensation
The Program charges a “wrap” fee which allows Clients to pay a single fee for investment advisory
services (the “Fee”). The Fee is not based upon transactions in a Client account, but rather is a
bundled fee which includes the costs for internet advisory services, execution, clearance, custody
and account reporting.

The Fee will generally consist of a quarterly cost of 25 basis points of the Client’s assets under
management. On an annual basis, this percentage represents a fee of 1.00% of a Client’s assets
under management (i.e., 0.25% per quarter x 4 quarters = 1.00% per year). The Fee is charged
quarterly, in advance, based on the value of the Client’s account on the first business day of the
quarter. Investment advisory fees are prorated for partial quarters. Fees are negotiable. Any
proposed changes to fees will be properly disclosed beforehand to Client’s and require their
informed consent before new fees will come into effect.

Valur will deduct the quarterly advisory Fee from the Client’s account. This Fee will be paid from
funds in the account or from funds resulting from the sale of investments from the Client’s account.
Valur will send an invoice to Charles Schwab & Co. indicating the amount of the Fee to be
deducted from the Client’s account at the beginning of the quarter. The amount due is set forth in
the Advisory Agreement. In addition, Valur will provide each Client a report itemizing the Fee,
including the formula used to calculate the Fee, the value of the assets under management on which
the Fee is based, and the time period covered by the Fee. Clients will be provided with a statement
from Charles Schwab & Co. reflecting deduction of the applicable Fee on a quarterly basis. Clients
are encouraged to compare the account statements from Charles Schwab & Co. with the report
received from Valur. Clients provide Valur with written authorization to be paid directly from their
accounts held by Charles Schwab & Co. in the Advisory Agreement and in separate account forms
provided by Charles Schwab & Co., as applicable.

Each time a Client uses Valur’s internet advisory services, they reaffirm their agreement that Valur
may charge the account, as applicable. In the event Valur cannot charge the applicable accounts,
it reserves the right to terminate a Client’s access to its advisory services. Termination of accounts
will be undertaken at Valur’s sole discretion. Each Client may also terminate its account at any
time. Upon termination of a Client’s account, Valur’s access to a Client’s account will cease within
a reasonable timeframe and they will solely be responsible for managing the assets with the
respective custodian. Once the account termination process is initiated, Valur will no longer
receive any additional fees from the Client with respect to the Client’s account.

Valur reserves the right to waive the Fee or any part thereof for any period for any Client in Valur’s
sole discretion. To this end, Valur may, from time to time, elect to launch programs or initiatives
whereby the Fee may be waived, in whole or in part, for certain categories of Clients. Any such
program or initiative (i) is entirely discretionary to Valur, and may be expanded, narrowed,
suspended, canceled or modified at any time by Valur, and (ii) will be subject to any rules,
guidelines and/or terms and conditions created by Valur in connection therewith (which rules,
guidelines and/or terms may be included in website landing pages on the Website and/or
elsewhere). To the extent any such program or initiative is canceled or terminated, Clients will

once again be charged the then-current Fee on a going-forward basis. Valur shall have sole
discretion in determining whether or not any existing Client or potential Client meets the
requirements to participate in and/or benefit from any such program or initiative, and Valur shall
not be liable to the Client or any other party in connection with any such decision and/or in
connection with the administration of any such program or initiative generally.

Valur believes its wrap fee is reasonable considering the quality and scope of the services it
provides and the fees charged by other investment advisers offering similar services/programs.
However, by participating in a wrap fee program, Clients may end up paying more or less than
they would through a non-wrap fee program where a lower advisory fee is charged, but trade
execution costs are passed directly through to the Client by the executing broker. In that scenario,
Clients would be responsible for any other fees charged by other parties, including the custodian,
Charles Schwab & Co.

Other Account Fees
The Program includes all trade charges applicable to an account. However, Valur’s fees do not
include other related costs and expenses. A Client may incur certain charges imposed by custodians
and other third parties. These include transfer fees, administrative fees and other fees and taxes on
brokerage accounts and securities transactions. The issuer of some of the securities or products
purchased for Clients may charge product fees that affect Clients. Valur does not charge these fees
to Clients and does not benefit directly or indirectly from any such fees. Valur does not receive
any compensation in connection with the sale of securities or other investment products apart from
the advisory fees described above.

Other Compensation

The Adviser may also receive an upfront commission generally paid by brokers for Investments
and is viewed as an operating cost of (i) creating the SPV, (ii) operating the Firm’s Website, and
(iii) implementing the Firm’s ability to pool monies from accredited investors and offer difficult-
to-access opportunities to Clients.

Item 7 - Types of Clients
Valur’s Program is designed to provide investment advisory services to individual investors and
trusts.

Participation in the Program requires that the Client successfully complete a new account
application and complete the suitability questionnaire. Clients approved for an investment advisory
account must maintain a brokerage account with Valur’s custodian, Charles Schwab & Co. Valur
selected Charles Schwab & Co. on the basis of services provided to Valur’s Clients and the fees it
charges.

There are no minimum or maximum account size requirements. However, Valur reserves the right
to impose a minimum or maximum account size or value in the future at its discretion. Valur
further reserves the right to require additional disclosure information from Clients with accounts
in excess of $50,000.