TCM Advisors LLC

ITEM 5: FEES AND COMPENSATION

A. Description of how we are compensated for our advisory services provided to you.

     (i) Asset Management:

     Non-Qualified Clients We offer our services to our clients for a 1.25% annual Advisory Fee
     (.3125% quarterly), which shall be pro-rated and paid in advance or arrears on a quarterly
     basis. No increase in the annual fee shall be effective without prior written notification to the
     Client. Fees will be automatically deducted from the account.

1 Please note that our method for computing the amount of “client assets we manage” can be different from the method for computing “assets under

management” required for Item 5.F in Part 1A of Form ADV. However, we have chosen to follow the method outlined for Item 5.F in Part 1A of Form ADV. If
we decide to use a different method at a later date to compute “client assets we manage,” we must keep documentation describing the method we use and
inform you of the change. The amount of assets we manage may be disclosed by rounding to the nearest $100,000. Our “as of” date must not be more than
three months before the date we last updated our Brochure in response to Item 4.E of Form ADV Part 2A.

To assist us with this service, RJFS offers a fee-based pricing model for Ambassador
(“Ambassador Platform”) and Independent Clearing Account (“ICAP”) Platforms (collectively
known as “Platform”). Our firm will present a prospective client with the Platform. The
Ambassador Platform requires an account minimum of $1,000 while ICAP has no account
minimum. ICAP primarily focuses on a model portfolio comprised of mutual funds while the
Ambassador Platform is focused on individual securities such as stocks, bonds, and options
trading. If the client exceeds the threshold amount of $1,000 they will have the option to be
placed in the ICAP or Ambassador Platform. Through client conversations, our firm will help
them determine the most suitable option for their circumstance based on the client’s age, risk
tolerance, investment objectives, etc. Once the client is entered in a platform, we will inform
them that instead of charging their account for custodial services per transaction, the asset-
based fee (“admin fee”) will be charged to our firm as a percentage of assets in the account. In
other words, our firm will cover all transaction costs for both Platforms. Our firm’s annual
Advisory fees of 1.25% (.3125% quarterly) for our Asset Management Service noted above are
inclusive of all admin fees. Please note these custodial fees have since been reduced since
brokerage/custodial platform’s moved to zero commission trading of equities and ETF’s for all
account sizes.

Independent Clearing Account Platform (“ICAP”):

Fees are deducted quarterly in arrears. The initial fee will be the prorated amount due for the
initial calendar quarter from the inception of the account. The initial quarterly fee will be
calculated based on the total value of the account at inception. Subsequent quarterly fees will be
based calculated upon the market value of the account on the last business day of the previous
calendar quarter.

Any fees pursuant to Rule 12b-1 under the Investment Company Act of 1940, or administrative
or servicing fees, received by RJFS with respect to securities held in your Account will be
credited to those accounts quarterly against account fees payable from that account. These fees
are included in the calculation of operating expenses of a mutual fund and are disclosed in the
fund prospectus.

Ambassador Account:

In order to establish an Ambassador Account in the Ambassador Platform, you must meet the
account minimum of $1,000. Certain assets are exempt from the advisory fees and will not
count as part of the account minimum.

Periodic investments, systematic withdrawals, exchanges and mutual fund liquidations are
exempt from transaction charges. Platform are set up to have fees deducted from funds within
the account, so you should plan for this when investing your assets. Fees are deducted quarterly
in advance. The initial fee will be the prorated amount due for the initial calendar quarter from
the inception of the account. The initial quarterly fee will be calculated based on the total value
of the account at inception. Subsequent quarterly fees will be based calculated upon the market
value of the account on the last business day of the previous calendar quarter.

Any fees pursuant to Rule 12b-1 under the Investment Company Act of 1940, or administrative
or servicing fees, received by RJFS with respect to securities held in your Account will be
credited to those accounts quarterly against account fees payable from that account. These fees

   are included in the calculation of operating expenses of a mutual fund and are disclosed in the
   fund prospectus.

   Qualified Clients
   We offer Qualified Clients a Performance Fee structure to be assessed on a quarterly basis.
   Qualified Clients are those that have a minimum net worth of $2.2 million dollars or have placed at
   least $1,100,000 under our management. Qualified clients are annually charged a 1.00% annual
   Base Advisory Fee (0.25% quarterly) quarterly in advance on a pro-rata basis. In addition to this
   fee, Qualified Clients will be assessed a 20% Performance Fee billed quarterly in arrears based on
   the last day of the calendar quarter on all quarterly gains 5% net capital appreciation or greater
   that have accrued during the previous calendar quarter above and beyond the portfolio’s previous
   high-water mark while under our management (i.e., A 5% net gain of new money to the portfolio).
   That Performance Fee will be calculated as one-fifth, or 20% of that net portfolio gain. The
   Performance Fee is payable only if the net profits in the account(s) exceed the performance
   calculation of previous quarters (i.e., the portfolio’s “high water mark”).
...

ITEM 7: TYPES OF CLIENTS AND ACCOUNT REQUIREMENTS

 2 We are currently permitted to charge performance based fees only to clients with at least $1,100,000 under
 management with our firm or a net worth of at least $2.2 million. It is expected that the SEC will revisit this
 standard in the near future and tie the definition of a qualified client to inflation. It is unclear at this time
 whether the SEC will grandfather or exempt existing qualified clients being charged performance based fees
 from a greater financial threshold for meeting the qualified client standard should the definition change.

We have the following types of clients:
   • Individuals;
   • High Net Worth Individuals
   • Trusts, Estates or Charitable Organizations;
   • Corporations, limited liability companies and/or other business types.

Our requirements for opening and maintaining accounts or otherwise engaging us:
   • We require a minimum account balance of $1,000 for clients in our Ambassador Program
       while the ICAP has no minimum account balance. This minimum account balance
       requirement for clients in our Ambassador Program is negotiable and would be required
       throughout the course of the client’s relationship with our firm.