Sage Hill Capital LLC

Item 5 – Fees and Compensation

Our fee for portfolio management services is based on a percentage of the assets in your
account and is set forth in the fee schedule within the advisory contract. This fee is

negotiable but never exceeds 1.1% annually. Assets in each of your account(s) are included
in the fee assessment unless specifically identified in writing for exclusion.

The specific manner in which fees are charged by Sage Hill Capital is established in a client’s
written agreement with Sage Hill Capital. Sage Hill Capital will generally bill its fees on a
quarterly basis, and bill at the end of the quarter for services rendered (arrears). Clients may
elect to be billed in advance if they so desire, but our preference is to bill after the services
are completed. Clients can also elect to be billed on a monthly basis. Clients may also elect to
either be billed directly for fees to pay by check or to authorize Sage Hill Capital to directly
debit fees from the client’s managed accounts. Quarter-end or month-end balances are
received from custodians in order to calculate the accurate management fee per period.
Management fees shall not be prorated for each capital contribution and withdrawal made
during the applicable calendar quarter (with the exception of de minimis contributions and
withdrawals). Cash and cash equivalents and any margin debt balances are included in the
calculation of advisory fees, unless otherwise noted and agreed to in the executed
Agreement. Accounts initiated or terminated during a calendar quarter will be charged a
prorated fee. Upon termination of any account, any prepaid, unearned fees will be promptly
refunded, and any earned, unpaid fees will be due and payable.

Sage Hill Capital’s fees are exclusive of brokerage commissions, transaction fees, and other
related costs and expenses which shall be incurred by the client. Clients may 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. Mutual funds and exchange traded funds also charge
internal management fees, which are disclosed in a fund’s prospectus.

Such charges, fees and commissions are exclusive of and in addition to Sage Hill Capital’s fee,
and Sage Hill Capital shall not receive any portion of these commissions, fees, and costs.

Sage Hill Capital does not pay loads on mutual funds. In some cases, mutual funds waive
load fees to Registered Investment Advisors, effectively rendering them no-load funds. We
will consider load-waived funds for clients, in addition to no-load funds, and attempt to
allocate our clients into the best possible funds without paying any load.

Clients of Sage Hill Capital have the option to purchase investment products that are
recommended through other brokers or agents that are not affiliated with Sage Hill Capital.
Item 12 further describes the factors that Sage Hill Capital considers in selecting or
recommending broker-dealers for client transactions and determining the reasonableness of
their compensation (e.g., commissions).

Financial Planning Fees

Financial Planning services are at no additional cost and are only offered to clients engaging
our firm for Portfolio Management Services. Financial Planning is not available as a stand-
alone service.
When both investment management or plan implementation and financial planning services
are offered, there is a potential conflict of interest since there is an incentive for the party
offering financial planning services to recommend products or services for which Sage Hill
Capital, or a related party, may receive compensation. However, as a financial planning
client, you are under no obligation to act upon any of our recommendations or effect the
transaction(s) through us if you decide to follow the recommendations.

Consulting

Financial Consulting services are at no additional cost and are only offered to clients
engaging our firm for Portfolio Management Services. Financial Consulting is not available as
a stand-alone service.

Additional Fees and Expenses:
In addition to the advisory fees paid to our Firm, clients also incur certain charges imposed
by other third parties, such as broker-dealers, custodians, trust companies, banks and other
financial institutions (collectively “Financial Institutions”). These additional charges include
securities, transaction fees, custodial fees, fees charged by the Independent Managers,
charges imposed by a mutual fund or ETF in a client’s account, as disclosed in the fund’s
prospectus (e.g., fund management fees and other fund expenses), 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. Our brokerage practices are
described at length in Item 12, below. Neither our Firm nor its supervised persons accept
compensation for the sale of securities. Further, our firm does not share in any of these
additional fees and expenses outlined above.

Item 7 – Types of Clients

Sage Hill Capital provides portfolio management services to individuals, and high net worth
individuals. In the future we expect to provide portfolio management services. Sage Hill
Capital also provides financial planning and consulting services in situations that it feels it
can be of service. Sage Hill Capital does not have a firm minimum asset size. However, the
firm does prefer to advise clients who already have, or will likely have, $1 million in
investable assets in the next 5 years.