Align Impact LLC

Item 5: Fees and Compensation
 A. Fee Schedule and Payment

   Impact Investing: Financial Planning
   Impact Strategy Clients pay impact strategy fees. The amount and frequency of payment
   is outlined in each Impact Strategy Client’s engagement agreement. Typically, 50% of
   fees are due in advance upon engagement, but never more than six months in advance,
   25% is due three months after the effective engagement agreement date, and the
   remaining 25% of the financial planning fee is due upon completion of the impact
   strategy. If the engagement is terminated prematurely, impact strategy fees that are
   collected in advance will be refunded based on the prorated amount of work completed
   at the point of termination. Fees are negotiated and generally range from $50,000 to
   $200,000, depending on complexity and the amount of assets under consideration
   among other factors. Fees are billed to the Impact Strategy Client and may be paid
   electronically or by check.

Impact Investing: Portfolio Management
Impact Retainer Clients are charged portfolio management fees (“Investing Fees”) on a
quarterly basis. Investing Fees are due in advance and are payable electronically or by
check. When authorized by the client in writing, we will withdraw our fees directly from
the client’s account(s). The Firm allows each Impact Retainer Client to select an asset-
based fee structure, a flat fee structure, or a combination of both. The selection will be
encapsulated in the Impact Retainer Client’s written engagement agreement. Investing
Fees are negotiable. Flat fees typically range from $100,000-$800,000 and are
negotiable in certain circumstances. Impact Retainer Clients whose assets (whether a
portion or in its entirety) are managed by a sub-advisor will sign a written sub-advisory
agreement with the sub-advisor. Align works to negotiate favorable sub-advisory fees for
Impact Retainer Clients but is not involved in collecting them. Any fees owed to the sub-
advisor are separate and distinct from the advisory fees owed to Align.

We treat cash and cash equivalents as an asset class. Accordingly, unless otherwise
agreed in writing, all cash and cash equivalent positions (e.g., money market funds, etc.)
are included as part of assets under management for purposes of calculating our
advisory fee. At any specific point in time, depending upon perceived or anticipated
market conditions/events (there being no guarantee that such anticipated market
conditions/events will occur), we may maintain cash and/or cash equivalent positions for
defensive, liquidity, or other purposes. While assets are maintained in cash or cash
equivalents, such amounts could miss market advances and, depending upon current
yields, at any point in time, our advisory fee could exceed the interest paid by the client’s
cash or cash equivalent positions.

Upon termination of the Impact Retainer advisory relationship, Investing Fees paid in
advance will be refunded equal to the amount of fees allocated to the number of days
left in the quarter. This can be calculated by multiplying the daily rate (equal to the annual
fee rate divided by 365) by the number of days left in the quarter (not including the date
of termination).

The Firm provides portfolio management and investment advisory services to its Funds
Clients and is compensated by asset-based management fees (“Fund Management
Fees”), which are calculated based upon a percentage of either the committed capital to
or the net asset value of the Fund Client. Fund Management Fees are non-negotiable
and typically range from 0.5%-1.5%, depending on the Fund Client. Additionally, Align
receives performance-based fees (“Performance Fees”) for the management of Align
Impact Fund II, LP and Align Impact Fund III, LP. Performance Fees are based upon a
percentage of the net profits of the account being managed, specifically 5% carried
interest above a 10% preferred return.

Fund Management Fees are typically calculated and paid either quarterly in advance or
quarterly in arrears. Performance Fees are typically calculated and paid in anticipation
of distributions made to investors, on either a fund-as-a-whole or deal-by-deal basis.
Fund Management Fees and Performance Fees for each Fund Client are outlined in the
respective private placement memoranda. The Fund Client’s fund administrator will
include any fund-related fees in investor capital call notices. As the capital calls are
collected, the fund administrator will remit the appropriate fees to Align for its services

   as outlined in each Fund Client’s private placement memoranda.

   Impact Investing: Institutional Services
   Align charges Institutional Clients a flat annual fee that ranges from $100,000-$400,000
   for access to its Platform of best-in-class, third party managers and investment products
   that have undergone due diligence by its investment research team and reviewed by its
   investment committee. These fees are negotiable in certain circumstances.

   The Platform is limited to a subset of the investment opportunities that the investment
   committee approves for client use. The criteria for consideration for inclusion on the
   Platform are driven by the demand for and appropriateness of investment opportunities
   for our Institutional Clients, including size, asset class, and thematic exposure.

   This flat annual fee is paid in advance in quarterly installments. Our add-in services,
   including our training and education support service and custom white labeled due
   diligence services, are available for additional fees, based on the complexity of such
   services. The additional fees are typically flat fees, with 50% of the fee due up-front,
   25% three months after the effective date of the engagement, and the remainder due
   upon completion. Institutional Clients receiving these services will receive an invoice
   from Align and may submit payment via ACH, check, or wire. Upon termination of
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Item 7: Types of Clients
    Align generally provides advisory services to the following types of clients and investors:
        • High Net Worth Individuals
        • Charitable Organizations
        • Corporations or Business Entities
        • Institutions
        • Pooled Investment Vehicles

    There is currently no minimum account size; however, Align does have a minimum
    annual fee of $50,000. These fees are negotiable in certain circumstances.

    Align has internal policies and procedures in place to ensure that when Align receives a
    loan from a client, Align does not treat the client more favorably than clients who did not
    provide a loan.