View Capital RIA LP

Item 5 – Fees and Compensation

View Capital Advisory Program – Advisory Account Fees
Generally, the advisory fees charged for VCAP are based upon a percentage of the assets
under management, the services included and expected expenses, or as a fixed fee. The

advisory fee is payable either monthly or quarterly, in advance or in arrears as agreed to by
the client, and is computed based on monthly or quarterly asset values. Subject to
negotiation and in accordance with the individual requirements of each client, the annual
fees generally are not above 2.5% of the assets under management. A $1,000.00 minimum
annual fee applies to any advisory account. The advisory fee will be negotiated between View
Capital RIA and the client at either a blended rate or a flat fee depending upon the client’s
election. The blended, asset-based fee rate is generally assessed in accordance with the
following fee schedule:
Asset Size Fee Range (basis points)
                         First $500,000                50-250 bps
                         Next $500,000                 50-225 bps
                         Next $4,000,000               40-200 bps
                         Next $5,000,000               30-175 bps
                         Over $10,000,000              30-150 bps

If the client invests in a non-affiliated asset investment manager(s), such as a separate
account manager, mutual fund, or alternative investment manager, that manager will charge
a separate fee for their services. All non-affiliated investment manager fees are charged
separately and are disclosed. Any brokerage commissions and transaction charges are also
separate from and in addition to the VCAP management fee.

In addition to advisory fees charged by View Capital RIA, clients will typically be charged
fees by custodians (traditionally a brokerage firm) for custody, trade execution and
clearance. VCAP clients can choose to use Schwab or Pershing for custody, trading execution
and clearing. Both firms offer similar competitive fee structures for these services.

One individual associated with View Capital RIA is also a registered representative of a
broker-dealer, as described in Item 10, and may receive transaction-based compensation in
connection with certain client securities transactions, which is separate from and in addition
to the investment advisory fees paid to View Capital RIA.

View Capital RIA considers many factors in determining the appropriate fees for each client
such as the value of assets, the anticipated timeframe to structure initial and ongoing
recommendations for the client, and the expertise required for managing the client’s
portfolio. View Capital RIA’s advisors have the authority to choose the fee within the above
ranges. Any fees outside of the above ranges are subject to the approval of Jeff Rupp, the
Firm’s Managing Partner.

The client and View Capital RIA may agree to subject some or all of the assets under
management in either program (VCAP or VCCP) to performance billing, whereby View
Capital RIA participates in the relative success of the investment performance and is

compensated accordingly.

Occasionally, accounts of immediate family members who have elected the same services
may be aggregated for purposes of calculating the assets under management that are subject
to the applicable fee. Each account is charged a prorated advisory fee.

Unless otherwise previously agreed upon, VCAP services may be terminated at any time by
View Capital RIA or the client, and the client will be refunded any prepaid fees, prorated from
the date of termination to the end of the fee period.

If the client elects financial planning services offered by View Capital RIA, then View Capital
RIA and the client will mutually agree as to the specific scope of services and fees to be
charged as reflected in the client agreement.

View Capital Consulting Program - Consulting Fees

The VCCP contains several fee options including asset-based fees payable monthly or
quarterly, in advance or in arrears, as agreed to by the client and is computed based on
monthly or quarterly asset values. Generally, annual fees do not exceed 2.5%.

The first fee option for VCCP is that the client pays a fixed consulting fee per quarter or a
percentage of the market value of assets under management, which may be subject to a
minimum fee. The fee is negotiable and includes a certain number of manager searches that
both the client and View Capital RIA agree. The fee does not include brokerage services or
custodian searches.

The second fee option for VCCP includes performance reporting only. However, the client
may engage View Capital RIA for several itemized services.

The fees charged by the Asset Managers are not included in the Consultant’s fees, and the
client pays those managers directly. The fees are negotiated between View Capital RIA and
the client and can be either a blended rate or a flat rate depending upon the client’s election.
The blended, asset-based fee rate is generally assessed in accordance with the following fee
schedule:

Asset Size Fee Range (basis points)

                             First $500,000             50-250 bps
                             Next $500,000              50-225 bps
                            Next $4,000,000             40-200 bps

                            Next $5,000,000             30-175 bps
                           Over $10,000,000             30-150 bps

Pooled Investment Vehicles

Investors in the Pooled Investment Vehicles, (collectively, “Investors”) who are also clients of
View Capital RIA, may or may not be charged a management fee by View Capital RIA for
their investments. There may be a performance-based fee (“carried interest”) earned by View
Capital or an affiliate for investments where View Capital has substantial management or
oversight responsibilities. The Firm or an affiliate may elect to charge a development or a
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Item 7 – Types of Clients

View Capital RIA consulting and advisory services clients may include individuals,
corporations, partnerships, Pooled Investment Vehicles, limited liability companies, trust
accounts, employee benefit plans, charitable institutions and Taft-Hartley Plans. The
standard minimum account value for either program is $1 million; lesser values may be
accepted with management approval. View Capital RIA Services may not be appropriate for
portfolios that fall below these minimum asset levels. The Firm may deem certain accounts
inappropriate for View Capital Consulting Programs.

Item 8 – Analysis, Investment Strategies and Risk of Loss

View Capital RIA advises clients about the selection, retention and subsequent periodic
evaluation of non-affiliated Asset Managers selected to participate in its investment advisory
and consulting programs. The Asset Managers provide investment management services to
clients on an individual basis or through various commingled investment vehicles such as
mutual funds, partnerships, and common trust funds. Asset Managers may be traditional
Asset Managers managing equity and/or fixed income investments, or they may be non-
traditional Asset Managers utilizing alternative investments including hedge funds and
other illiquid investments. View Capital RIA assists clients with identification and retention
of Asset Managers, evaluation of past performance of a client’s Asset Managers, development
of an asset allocation model, clarification of investment objectives and guidelines, quarterly
performance reporting of a client’s Asset Managers, and ongoing consultation.

View Capital RIA maintains access to statistical databases provided by various Asset
Managers and to other data compiled from reliable internal and third-party sources. View
Capital RIA does not conduct an independent review to verify the Asset Manager’s
performance information, the appropriateness of the Asset Manager’s methodology
calculating performance results, or the information’s accuracy.

View Capital RIA helps clients define their investment strategies and identify Asset
Managers who will pursue those strategies. Following an analysis of the client profile to
determine which Asset Managers are best suited to meet the clients’ investment objectives as
identified in the client profile, each Asset Manager considered receives the client’s profile
information, as requested. After the client selects an Asset Manager, the client executes an
investment management agreement with that Asset Manager and is responsible for paying
the Asset Manager’s fee.

View Capital RIA may recommend termination of an Asset Manager if due diligence
activities indicate an Asset Manager is no longer suitable for a client or if a client’s financial
situation or investment objectives are no longer compatible with the Asset Manager’s

investment philosophy. Other reasons for such a recommendation include changes affecting
the Asset Manager like ownership changes, departure of key personnel, market or
performance fluctuations, or altered investment approach. If the client accepts View Capital
RIA’s recommendation to change managers, the Firm terminates the Asset Manager for the
client.

Risk of Loss

There can be no assurance that View Capital RIA will achieve their investment objectives or
that investment strategies employed by View Capital RIA will be successful. View Capital
RIA’s investment programs may be speculative and can entail substantial risks, including
risk of loss, a risk which the clients and investors should be prepared to bear.

Investments made in a View Capital RIA Account are not insured by the Federal Deposit
Insurance Corporation. Such investments are not deposits or obligations of a bank, nor are
such investments guaranteed by any bank. The client’s assets are subject to investment risk,
including the possible loss of principal amounts invested. Equity securities are subject to
price volatility while fixed income investments may be subject to interest rate risk, default
risk and re-investment risk. Securities denominated in foreign currencies are also subject to
currency fluctuations. Investments in non-traditional investments such as hedge funds, fund
of funds and private equity may be substantially riskier than traditional investments, and
may be subject to illiquidity. In some circumstances non-traditional investments may be
subject to complete loss of principal. Investments in View Capital RIA’s pooled vehicles that
invest in venture capital, private equity, and debt opportunities may involve a greater
principal risk than investments in a diversified fund of many different private equity or debt
investments. Investments in energy exploration and development are subject to a variety of
risks including illiquidity, commodity price volatility, environmental accidents, and
potential dry hole loss.

View Capital RIA personnel utilize a variety of Artificial Intelligence Technology (“AI”) large
language models in their daily functions. View Capital RIA believes the use of AI Utilities
can enhance its business practice and customer service. View Capital maintains licenses for
Firm employees with AI that are “closed-based” systems in which imputed information is
not used for general training of the models for non-View Capital RIA use, and imputed
information is not available for public disclosure. The Firm believes that many of its vendors
use AI in their daily operations.

AI is a relatively new and evolving technology, and there may be known and unknown risks
associated with its use, including content, analyses, or recommendations that AI assists in
producing that are or are alleged to be deficient, inaccurate, or biased. In addition, the use
of Artificial Intelligence Technology may directly or indirectly create security or data risks,
and may increase trademark, licensing, and copyright risks. View Capital RIA will continue
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