Alamar Capital Management LLC

ITEM 5: FEES AND COMPENSATION

Investment Management and Institutional Asset Management Fee

The maximum Fee for our Investment Management services will not exceed 1.00%. The ultimate
fee to be assessed will be outlined in the advisory agreement to be signed by the client.
Annualized fees are billed on a pro-rata basis quarterly in arrears based on the value of the
account(s) on the last day of the quarter. Fees are negotiable and will be deducted from client
account(s). Our firm does not offer direct invoicing. Further, it’s important to note that our firm
will assess advisory fees on cash and cash equivalents. As part of this process, Clients understand
the following:

    a) The client’s independent custodian sends statements at least quarterly showing the
       market values for each security included in the Assets and all account disbursements,
       including the amount of the advisory fees paid to our firm;
    b) Clients will provide authorization permitting our firm to be directly paid by these terms.
       Our firm will send an invoice directly to the custodian; and
    c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
       information provided in our statement with those from the qualified custodian will be
       included.

Family Office:

Our Family Office services are billed on a flat fee basis. The total estimated fee, as well as the
ultimate fee charged, is based on the scope and complexity of our engagement with the client.
Our Flat fee for this service generally ranges from $15,000 to $50,000. The fee-paying
arrangements will be determined on a case-by-case basis and will be detailed in the signed
agreement.

Portfolio Monitoring:

The maximum annual fee charged for this service will not exceed 0.25%. Annualized fees are
billed on a pro-rata basis quarterly in arrears based on the value of the account(s) on the last day
of the quarter. Fees are negotiable Clients will be directly billed for our portfolio monitoring
service according to the terms outlined in their executed agreement. Our firm does not offer
direct invoicing. Further, it’s important to note that our firm will assess advisory fees on cash and
cash equivalents. As part of this process, Clients understand the following:

   a) The client’s independent custodian sends statements at least quarterly showing the
      market values for each security included in the Assets and all account disbursements,
      including the amount of the advisory fees paid to our firm;
   b) Clients will provide authorization permitting our firm to be directly paid by these terms.
      Our firm will send an invoice directly to the custodian; and
   c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
      information provided in our statement with those from the qualified custodian will be
      included.

Financial Planning & Consulting:

Our firm does not charge fees for financial plans as this service is offered on a complimentary
basis when requested by our Investment Management Clients.

Retirement Plan Consulting Fee:

Our Retirement Plan Consulting services are billed a fee based on the percentage of Plan assets
under management. The total estimated fee, as well as the ultimate fee charged, is based on the
scope and complexity of our engagement with the client. Fees based on a percentage of managed
Plan assets will not exceed 1.00%. The fee-paying arrangements will be determined on a case-by-
case basis and will be detailed in the signed consulting agreement.

ACM SPV I LLC Fee:

In order to compensate the Manager for its services to the ACM SPV I LLC on behalf of each Client
who subscribe for Units, the ACM SPV I LLC shall charge such respective Client and pay to the
Manager a management fee in an amount equal to product of (x) the rate at which Alamar
charges the Client for investment advisory services, multiplied times (y) the lower of the following
amounts, determined in the same manner and at the same time as Alamar then calculates and
collects its investment management fees: (i) the Client's Invested Capital with respect to such
Units, or (ii) the net fair market value of the ACM SPV I LLC s interests in the Portfolio Company
Securities beneficially owned by the Client, as reasonably determined by the Manager (the
"Management Fee"). Such Management Fee will be payable either from a portion of the Client's
Capital Contribution to the ACM SPV I LLC or from the Client's other assets under management
with Alamar, as determined by the Manager. Please note that as of 12/31, there have been no
investments made.

Other Types of Fees & Expenses

Clients will incur transaction fees for trades executed by their chosen custodian, via individual
transaction charges. These transaction fees are separate from our firm’s advisory fees and will
be disclosed by the chosen custodian. It is important to note however, that Charles Schwab &
Co., Inc. (“Schwab”) and Interactive Brokers’ Lite platform (“IBKR Lite”) do not charge transaction
fees for U.S. listed equities and exchange traded funds. Fidelity Brokerage Services (“Fidelity”)
eliminated transaction fees for U.S. listed equities and exchange traded funds for clients who opt
into electronic delivery of statements or maintain at least $1 million in assets at Fidelity. Clients
who do not meet either criteria will be subject to transaction fees charged by Fidelity for U.S.
listed equities and exchange traded funds.

ITEM 7: TYPES OF CLIENTS & ACCOUNT REQUIREMENTS

A. Description

ACM provides discretionary investment management services on a continuous basis to
individuals, high net worth individuals, trusts, estates, charitable organizations, corporations or
other business entities, and qualified and non-qualified retirement and deferred compensation
plans.

ACM generally requires a minimum initial investment of $500,000 to open an account with the
Firm or a minimum fee of $5000 when assets are allocated in our Alamar Equity, Funds and
Income models and $10,000 when invested in the Alamar Diversified model; however, the Firm
reserves the right to negotiate or waive the initial investment requirement and accept or decline
a potential client for any reason.

There are times when certain restrictions are placed by a client, which prevents ACM from
accepting or continuing to manage the account. ACM reserves the right to not accept and/or
terminate management of a client’s account if it feels that the client-imposed restrictions which
would limit or prevent it from meeting and/or maintaining its overall investment strategy.

Clients who opt into electronic delivery of statements or maintain at least $1 million in assets at
Fidelity will not be charged transaction fees for U.S. listed equities and exchange traded funds.