A. DESCRIPTION OF THE ADVISORY FIRM Ursa Financial, LLC (“Ursa”) provides a mobile portfolio management experience to clients under this wrap fee program (“Program”) as sponsor and portfolio manager via an online mobile app (“Ursa App”). Ursa offers clients programmatic advisory and portfolio management services exclusively through the Ursa App. Though its onboarding suitability questionnaire, Ursa seeks to match clients with a starter portfolio and curate a guided investing experience where clients can customize it through their own decisions. The Program does not provide comprehensive financial planning, tax planning or legal advice. Clients are encouraged to seek the advice and counsel of the client’s own tax, financial, and legal advisers. The Program is not a complete investment program and clients should not use it as the sole component of their investment plan. Total Assets Under Management Annual Fee All Assets 1.00% The Program’s portfolio management fees (“Fees”) are withdrawn directly from the client’s account(s) with client’s authorization through the client’s advisory agreement on a monthly basis. Ursa may also take the fee from a client’s account by instructing the custodian to deduct the fee from the assets in the account including by selling a sufficient amount of holdings to cover the fee. Portfolio management fees are paid in arrears. Ursa uses an average of the daily balance in the client’s account throughout the billing period, after taking into account deposits and withdrawals, for purposes of determining the market value of the assets upon which the advisory fee is based. Since the fee is calculated with the average of the daily balance of the account, the fee for the initial period of an engagement and fee for the final period will be prorated based on the funding date and termination date, respectively. Clients may terminate the agreement without penalty, for full refund of Ursa’s fees, within five business days of signing the Investment Advisory Contract. Thereafter, clients may terminate the Investment Advisory Contract immediately through the Ursa App or written notice and fee collection will terminate as of Ursa's receipt of such notice. Other than as provided above, there is no refund of fees for any reason whatsoever. B. CONTRIBUTION COST

FACTORS The program may cost the client more or less than purchasing such services separately. There are several factors that bear upon the relative cost of the program, including the trading activity in the client’s account, the adviser’s ability to aggregate trades, and the cost of the services if provided separately (which in turn depends on the prices and specific services offered by different providers). C. ADDITIONAL FEES Ursa will wrap third party fees (i.e., custodian fees, brokerage fees, mutual fund fees, transaction fees, etc.) for wrap fee portfolio management accounts. Ursa will charge clients one fee, and pay all transaction fees using the fee collected from the client. Accounts participating in the wrap fee program are not charged higher advisory fees based on trading activity, but clients should be aware that Ursa has an incentive to limit trading activities for those accounts since the firm may absorb those transaction costs. Clients may incur certain other fees not included in the wrap fee and are paid for separately by the client. The Program’s Fees do not include our Custodian’s fees for non-advisory services in your Account, such as outgoing ACH (withdrawals) and physical copies of brokerage documents (digital copies do not have fees). Please see our Fee Schedule available at www.ursavest.com/fees for a list of all other fees. These include, but are not limited to, charges imposed directly by a mutual fund or exchange traded fund, fees associated with “step out” transactions if the account uses different custodians or broker- dealers, 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. D. COMPENSATION OF CLIENT PARTICIPATION Neither Ursa, nor any representatives of Ursa, receive any additional compensation beyond advisory fees for the participation of clients in the wrap fee program. However, compensation received may be more than what would have been received if client paid separately for investment advice, brokerage, and other services. Therefore, Ursa may have a financial incentive to recommend the wrap fee program to clients.