A. Firm Information Joseph Advisory Services, LLC (“JAS”) is a registered investment advisor with the U.S. Securities and Exchange Commission. JAS is organized as a Limited Liability Company (“LLC") under the laws of the Texas. JAS was founded 2007. JAS became a registered investment advisor in 2023 and is owned and operated by Ebetuel Pallares (Founder and Chief Executive Officer). JAS has filed an umbrella registration, which also consists of Audaz Capital GP I, LLC (“Audaz Capital”). Audaz Capital is organized as a limited liability company under the laws of the State of Delaware. Audaz Capital is also owned by Ebetuel Pallares (Founder and Chief Executive Officer). The Disclosure Brochure provides information regarding the qualifications, business practices, and the advisory services provided by JAS and Audaz Capital (collectively “the Advisor”). B. Advisory Services Offered The Advisor provides portfolio management services to pooled investment vehicles (each a “Fund” and collectively the “Funds”), in which an affiliate under common ownership and control may serve as the general partner (“General Partner”). The Funds typically make investments in venture capital and growth equity investments, principally (“Portfolio Companies”). These services are detailed in the offering documents for each Fund, which include as applicable, operating agreements, private placement memorandum and/or term sheets, subscription agreements, separate disclosure documents, and all amendments thereto (“Offering Documents”).

The Advisor manages each Fund based on the investment objectives, policies and guidelines as set forth in the respective Offering Documents and not in accordance with the individual needs or objectives of any particular investor therein (herein “Investors”). Each prospective Investor interested in investing in a Fund is required to complete a subscription agreement in which the prospective Investor attests as to whether or not they meet the qualifications to invest in the Fund and further acknowledges and accepts the various risk factors associated with such an investment. In general, Investors in the Funds are not permitted to impose restrictions or limitations. However, the Advisor may enter into side letter agreements with one or more Investors that may alter, modify, or change the terms of interest held by Investors. Certain types of side letters create a conflict of interest among the Advisor and Investors, and/or between Investors themselves. For more detailed information on investment objectives, policies, and guidelines, please refer to the respective Fund’s Offering Documents. D. Wrap Fee Programs The Advisor does not manage or place Client assets into a wrap fee program. Portfolio management services are provided directly by the Advisor. E. Assets Under Management Effective December 31, 2023, the Advisor has approximately $134,367,000 in assets under management, all of which is on a discretionary basis. Clients may request more current information at any time by contacting the Advisor.