Montcalm TCR LLC

ITEM 5: FEES AND COMPENSATION

A. Management and Advisory Fees

Montcalm charges fees based on a percentage of assets under management. The specific
fees charged by Montcalm will be set forth in each Client’s written Agreement with
Montcalm. Although Montcalm believes its advisory fees are competitive, Clients should
be aware that lower fees for comparable services may be available from other sources.

Montcalm charges a minimum $1500 annual fee per household. Montcalm charges a
monthly asset management fee based on the time-weighted daily average balance of the
account(s) for the previous month. Asset management fees are calculated on a month-to-
month basis and are debited from the Client’s account(s) on the following business day.
Fees are generally calculated based on the following annual percentages; however,
Montcalm may, in its sole discretion, modify its annual fee through written agreement
with its Clients. Please refer to your individual Client Agreement and associated fee
schedule for further clarification:

Annual Management and Advisory Fee (other than Montcalm Donor Fund):

1.0% on the first $2,000,000;
0.95% on the next $2,000,001 to $5,000,000;
0.90% on the next $5,000,001 to $10,000,000;
0.80% on the next $10,000,001 to $25,000,000;
0.60% on the next $25,000,001 to $50,000,000;
0.40% on the next $50,000,001 to $100,000,000;

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Montcalm TCR LLC
ADV Part 2A, Firm Brochure
0.20% on the remaining balance.

For Client accounts that have investments in private funds or other alternative investments
as described in Item 4.B. above, Clients will be charged Montcalm’s advisory fees as to
these assets directly through their primary account, except for investments in the Fund
(which is described below, and at Item 4.D. and Item 10). The particular fund’s fees and
expenses will be charged directly to the Client by the fund. Clients invested in such funds
should consult the applicable offering documents for these fees and other terms.

If a Client opens an account during the month, management fees are prorated for assets
held for a partial month based on the number of days that the account was open during
that month. In the event that Montcalm’s services are terminated mid- month, the annual
fee is prorated through the date of termination as defined in the Agreement and any
earned, unpaid balance will be immediately due and payable by Client, and any pre-paid
unearned fees will be promptly refunded to the Client.

Montcalm Donor Fund
For Client funds in accounts in the Montcalm Donor Fund, Montcalm charges an annual
advisory fee commensurate of the clients advisory fee for all assets managed and pulls
those fees the same as other advisory fees, monthly based on average daily balance based
on the Client’s assets in their Donor Advised Fund account. Client will sign a separate
agreement with SDG Impact Fund (SDG) and Legacy Global Fund, who will provide
administrative services to the Donor Funds. SDG and Legacy Global Fund will be
responsible for deducting their portion of the fee. Fidelity is the custodian of the Donor
Advised Fund assets.

No “Double Fees” for Assets invested in Montcalm Capital Fund I LP

When a Client’s assets (including Montcalm Donor Fund account assets) are invested in
the Fund, Montcalm does not charge “double fees”, in other words Montcalm does not
include Fund investments in the assets as to which it charges management and advisory
fees. The Fund pays a management fee to Montcalm each the time the Fund makes an
investment, but investors do not directly bear management fees or contingent
compensation. All of the organizational, operating and administrative fees of the Fund
and each LP Series will be paid for with the fees the Fund receives from the portfolio
companies.

Fees for Third-Party Investment Management
Note that certain fees charged by third parties, are exclusive of, and may be charged in
addition to Montcalm’s investment advisory fee. Please refer to section B. below, and your
Agreement for more specific details.

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Montcalm TCR LLC
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B. Other Fees and Expenses

In addition to Montcalm’s advisory fees, Clients also may incur certain charges or fees
imposed by third parties other than Montcalm. Such charges may include, but are not
limited to: mutual fund, index fund or exchange traded fund fees and expenses, private
fund management fees, retirement plan administration fees (if applicable), deferred sales
charges on mutual funds initially deposited in the account, 12b-1 fees, odd-lot
differentials, transfer taxes, wire transfer and electronic fund fees, margin costs and
interest, and other fees and taxes on brokerage accounts and securities transactions.

Montcalm pays the following costs and expenses of the Account(s) and does not pass
them through to Clients: trading costs, custodial costs, if any, brokerage commissions and
sub-advisory fees of TPMs (see Item 10 for discussion of third-party managers or,
“TPMs”), except that trading costs that relate to liquidating investments when a Client
terminates its Agreement with Montcalm will be passed on to the Client.

All other costs, fees and expenses are separate from, and may be charged in addition to,
the fees charged by Montcalm. Accordingly, Clients should review the fees charged by
any mutual funds or other private funds in which the Client’s assets are invested,
together with the fees charged by Montcalm, to fully understand the total amount of fees
to be paid by the Client and to thereby evaluate the advisory services being provided. In
particular, Client assets invested in mutual funds will be subject to certain fees and
expenses imposed directly by mutual funds to their shareholders, which shall be
described in each fund’s prospectus. These fees will generally include a management fee,
other fund expenses, and a possible distribution fee. If the sponsor also imposes sales
charges, a Client may pay initial or deferred sales or surrender charge.
...

ITEM 7: TYPES OF CLIENTS

Montcalm provides investment management to individuals, trusts, estates, charitable
organizations, corporations business entities and private fund.

There is an account minimum of 1,000,000 to initiate a relationship with Montcalm which
may be waived by Montcalm in its discretion.