PERPETUITY Asset Management is a private asset management firm with investment expertise in balanced funds, currency, cash & money market, fixed income and equity management. PERPETUITY is designed to provide investment services to a limited number of institutions, governments, corporations and individuals. The firm's small tight-knit team is a major competitive advantage that allows for a flexible approach to money management, specialized internal research, and 24/7 global client servicing. The firm's staff has both domestic and international financial experience in the world's financial markets- New York, London, Zurich, Frankfurt, Tokyo and Hong Kong. All have achieved outstanding reputations for delivering complete asset management services with superior results and a minimum of risk. To ensure integrity and intellectual curiosity, the firm is owned by its management who on a continual and independent basis are responsible for its results. The firms records are located in Bellingham, WA, USA and on the Worldwide Web at: www.perpetuity.com Client Assets* (As of July 1, 2023) $ Discretionary 0 Non Discretionary 0 AUM 0 *NOTE: On 1 January 2013 PERPETUITY Asset Management moved to a third party only active manager of pension, corporate investment, government, foundation & charity assets. This total does not include the firms investment advisory under it’s SEC ADV registration or PERPETUITY Asset Management. 3. FEES & COMPENSATION Management Fee structure* PERPETUITY fees for Domestic & Global portfolios are comprised of both an annual management fee on gross assets under administration and a performance fee on asset value gains. All fees are calculated on reported end of period portfolio asset values. Fees are fixed for each asset class are as follows. Minimum portfolios are $100 Million. 1) MONEY MARKET & CASH - Annual Management Fee of 1/2 of 1% or 50bp on gross assets under administration. ------------------------ PERFORMANCE*------------------------- Benchmark+ 0 50+ 100 200 300 500bp Management Fee 50 50 50 50 50 50bp Performance Fee(PF) 0 0 5% 5% 5% 5% Total Fees 50 50 50+PF 50+PF 50+PF 50+PF 2) FIXED INCOME - Annual Management Fee of 3/4 of 1% or 75bp on gross assets under administration. Benchmark+ 0 50+ 100 200 300 500bp Management Fee 75 75 75 75 75 75bp Performance Fee(PF) 0 0 10% 10% 10% 10% Total Fees 75 75 75+PF 75+PF 75+PF 75+PF 3) EQUITIES - Annual Management Fee of 1% or 100bp on gross assets under administration. Benchmark+ 0 100+ 200 300 400 500bp Management Fees 100 100 100 100 100 100bp Performance Fees(PF) 0 0 10% 10% 10% 10% Total Fees 100 100 100+PF 100+P F 100+P F 100+P F *Performance (PF) Fees are applied as a percentage (%) of gains above a designated Benchmark Index plus a spread+. Note: Management Fees are payable monthly & Performance Quarterly and deducted directly from the assets under management. Clients are responsible for all custodian fees. Brokerage fees are netted from trade totals. (see Brokerage Fees section 12.) Performance Measurement Methods & Formulae NOTE: The firm’s declared performance is based on the continuously managed Domestic & Global Master Portfolio’s and their sub categories. The master portfolios set the asset strategy, tactics and holdings by which the individual client portfolios will operate under or are replicated. This format avoids the disruptive in/out portfolio transaction effects or influences which effects performance. Outlined below are the methods & formulae used by PERPETUITY Asset Management Inc. to measure all portfolio performance. The comments and details are divided into equity, fixed income, money market, currency and special areas such as private equity and derivatives.

PERPETUITY retains an actuary to Quarterly review the firm’s performance statistics to confirm the investment portfolio yield accuracy and how these are presented. Accountants are also retained on a per project basis to review quarterly all private equity investments. Both consultants verify Sarbanes-Oxley compliance regulations are applied for their respective areas. Money Market, Currency, Fixed Income & Derivatives All performance measurement is locally based. Conventions such as in 360 or 365 day maturity differences between London and New York treasury markets are applied. The Fabozzi Fixed Income Calculator is used to determine performance returns based on local methods in 24 different markets. Formulas used to calculate discounted prices/values yields are standardized across all markets. For complete details on methods and formulas used consult the sources listed below. These represent the basis to all standard setting for PERPETUITY performance reporting. Equity The yield that equity invested monies have earned depends on the performance of the investment and when you made your purchases and redemptions. The formula for ROI yield is: where the yield is 'i', and where each term is the number of years between the ending date of the yield term (the date the yield is being calculated 'to') and the date of the particular transaction. The variables inv 1 and dist 1 represent investments and distributions, respectively. A redemption is a negative investment, where a purchase is a positive investment. All investments and distributions from the beginning yield term date (inclusive) to the ending yield term date (inclusive) are included in the calculation. The Ending value is the closing value of the investment on the ending date of the yield term. The Starting value is the opening value of the investment on the beginning date of the yield term. (This opening value is the same as the closing value of the previous day.) Example Calculation: Assume we are calculating the 6 month average annualized ROI yield ending on 7/31/2006. The date range for this yield term would be 2/1/2006 through 7/31/2006, inclusive of gains and any transactions on both the starting and ending dates. The closing value of this hypothetical investment on 1/31/2006 was $1,000, which is the opening value on the beginning of yield term, 2/1/2006. The closing value of the investment on 7/31/2006 was $2,310. There was one purchase within this time period for $1,200 on 3/15/2006, and a distribution was received in cash on 6/30/2006 for $50. The equation to solve for this yield would look like: The equity portfolio program iteratively solves this equation for 'i', reporting a 6 month average annualized ROI yield value of 17.73%. Private Equity CVA (Corporate Valuation Analysis) which is a proprietary program is used by PERPETUITY to access and monitor the merits of private equity investments Quarterly. The programs results are reported to clients quarterly. Contact portfolio managers for more details. Sources 1. Yield Curve Analysis: The Fundamentals of Risk & Return By Livingston G. Douglas, New York Institute of Finance, New York 2. Quantitative Methods for Financial Analysis By Stephen J. Brown & Mark P. Kritzman, the Institute of Chartered Financial Analysts 3. Fabozzi Fixed Income Calculator (Derivatives, Options, Currency, Fixed Income, Money Markets (15 international markets) 4. Security Analysis, Graham & Dodd, McGraw Hill, New York 5. PERFORMANCE-BASED FEES & SIDE-BY-SIDE MANAGEMENT *Performance (PF) Fees are applied as a percentage (%) of gains above a designated Benchmark Index plus a spread+. There is a fee charged for portfolio performance that exceeds an agreed up benchmark by a set margin. Performance fees are payable semi annually. They are calculated as a % of the gain for equities. No Side by Side Management