Blue Water Financial Technologies LLC, a Delaware limited liability company, was established on October 9, 2018, and applied for registration as an Investment Adviser later that month. Blue Water Financial Technologies Holding Company, LLC (“HoldCo”) wholly owns Blue Water. The HoldCo is 100% owned by Voxtur Analytics US Corp., a U.S. holding company, and wholly owned subsidiary of Voxtur Analytics Corp. (Ontario) 100% ownership of Voxtur Analytics US Corp. (“Voxtur”). Voxtur is a publicly traded company on the Toronto Stock Exchange (Ticker Symbol: VXTR). Blue Water provides investment advisory services on a non-discretionary basis to its clients (collectively, the “Clients”) that invest in residential mortgage loans, agency mortgage servicing rights (“MSRs”), and other mortgage-related assets. MSR portfolio advisory services shall be provided each day (or at a periodic interval deemed acceptable to Client) subject to overall coverage ratio guidelines provided by Client, and consist of the following: (i) Produce a complete set of risk reports for the servicing portfolio as of a measurement date and deliver the reports to Client. Client is aware and will agree that Blue Water's valuation reports and shock reports in production of its risk reports. The reports that will be provided include: a. Trade Blotter b. Hedge Positions c. Daily Risk Report d. Attribution e. Market Summary f. Monthly Hedge Effectiveness g. Monthly Risk Guardrails and Limits Compliance Report (ii) Utilizing Client's supplied coverage biases, produce several alternative proposed hedge recommendations and/or hedge balancing recommendations for the servicing portfolio as of the measurement date and deliver the reports to Client. (iii) Provide Client with an MSR hedge reporting package monthly (or at a periodic interval as deemed acceptable to Client). The above reporting package will be designed to address exposure, risk, and performance reporting on a sufficiently granular level, while remaining appropriate for the intended senior management and external report recipients. (iv) Model settings will be reviewed with Client, and, where appropriate, Client will provide necessary inputs. Client will be provided with a set of recommend parameters and will manage their own set of parameters. For the avoidance of doubt, Client will be responsible for ensuring that its assumptions have been accurately tracked and captured before hedging will begin. (v) Daily estimates (or where applicable, periodic) derivation of hedge coverage percentages and forecasted impact of defined interest rate shocks, volatility, and convexity shocks based on methods acceptable to the Client. (vi) Daily production of risk management reports including shock summary, daily summary, daily gain/loss summary, trade blotter, trade inventory, and others as agreed by Blue Water and Client. (vii) Provide Client with daily MSR attribution and profit and loss explanation. Valuation Services Blue Water will prepare a formal third-party opinion of fair value on the MSR asset as of the last business day of each calendar month, or as of such other date at request of the Client. This opinion can be provided to management, auditors, and regulators to support the value of the MSR asset as reflect in the Client's books and records. Blue Water’s valuation Services will also include: (i) An intra-month report produced on a daily report that outlines Blue Water’s estimate of fair value complete with shock and risk analysis required to support the value of the MSR. (ii) A formal valuation analysis

booklet in both electronic and paper format, which will include an executive summary of the opinion of value on the MSR portfolio, expressed as an expected fair value range. (iii) A detailed discussion on economic, market, and model assumptions utilized within the model, including a section detailing any changes from previous periods. (iv) An assessment of the secondary servicing market including color on recent transactions, and depth of buyers and sellers to, including, but not limited to assignment of trade, flow, and bulk servicing transactions. (v) Other pertinent reports and discussions to fully disclose price discovery at an appropriate detailed level of the target portfolio. (vi) Other performance reports regarding portfolio activity, including, but not limited to, discussion on prepayments, delinquency, and foreclosures. (vii) Any other risk management reports necessary to accurately describe changes in the portfolio from one period to the next. (viii) Performance benchmarking comparing actual portfolio performance to the modeled performance expectations from the previous period. (ix) Sensitivity analysis for changes in interest rate environments. Without limiting the foregoing, Blue Water will perform portfolio management services (the “Portfolio Management Services”) on behalf of the Clients with respect to the Investments. Such services may include consulting with the officers of the Clients on the purchase and sale of, and other investment opportunities in connection with, the Clients’ portfolio of assets; the collection of information and the submission of reports pertaining to the Clients’ assets, interest rates, and general economic conditions; periodic review and evaluation of the performance of the Clients’ portfolio of assets; acting as liaison between the Clients and banking, mortgage banking, investment banking, and other parties with respect to the purchase, financing and disposition of assets; and other customary functions related to portfolio management. Blue Water tailors its advisory services to each Client in conjunction with the investment guidelines identified in the applicable advisory agreement or governing documents. Each client has the ability to impose reasonable restrictions on the management of its account, including the designation of particular securities or types of securities that should not be purchased for the account, or that should be sold if held in the account. If a Client’s instructions are unreasonable or the Firm believes the instructions are inappropriate for the Client, Blue Water will notify the Client that, unless the instructions are modified, it will cancel the instructions in the Client’s account. Blue Water does not offer a wrap fee program. Blue Water’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses which shall be incurred by Clients. Clients could incur certain charges imposed by custodians, brokers, third party investment and other third parties such as fees charged by managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions. Such charges, fees, and commissions are exclusive of and in addition to Blue Water’s fee, and Blue Water shall not receive any portion of these commissions, fees, or costs. As of December 29th, 2023, Blue Water had $6,635,606,473 in regulatory assets under management. Blue Water managed all assets on a non-discretionary basis.