Comunidad Fund I Manager LLC

Item 5 – Fees and Compensation

The specific terms of the Manager’s fees and compensation arrangements are set forth in the
respective Fund’s Limited Partnership Agreement. The Manager generally charges an annual
management fee (“Management Fee”) of up to 1.75% of Investor commitments during the Fund’s
investment period. The Manager may, in its sole discretion, reduce, waive or calculate differently
the Management Fee with respect to any Investor including, without limitation, Investors that are
affiliates of the Manager.

In addition to the Management Fee, the Manager (or an affiliated entity or affiliated persons) is
eligible to receive an incentive allocation as described in the respective Operating Agreement.
Generally, Investors receive a return of their invested capital plus a preferred return prior to the
distribution of any incentive allocation paid to the Manager. The preferred return is generally 8%
annualized effective internal rate of return on the aggregate capital contributions of the Investor.
The incentive allocation is generally 20% of the cash available for distribution in excess of the
Limited Partners’ capital contributions and preferred return and is generally subject to the
Manager’s catch-up and final clawback as discussed in the Operating Agreement. Prospective
Investors should refer to the Operating Agreement for specific details on the applicable fees and
incentive allocation calculation methodology.

The Manager may, in its sole discretion, reduce, waive or calculate differently carried interest with
respect to any Investor including, without limitation, Investors that are affiliates of the Manager.

Management Fees shall be calculated and due and payable monthly in arrears commencing on the
first calendar month following the Due Date specified in the first Drawdown Notice, and thereafter
calculated as of the first Business Day of each calendar month thereafter in each year of the
Partnership. In the unlikely event that the Manager does not provide services for a full period, or
if accounts are terminated according to the terms set out in the Fund’s Operating Agreement, before
the end of the relevant period, a pro-rated fee will be returned to the Fund.

The Manager’s Management Fees and incentive allocation are not inclusive of all the fees and
expenses that Investors may bear. Please refer to the respective Fund’s Limited Partnership
Agreement for a detailed description of the expenses payable by the Funds.

Operating and Organizational Expenses

The Funds will bear all third-party and out-of-pocket expenses including but not limited to travel,
lodging, marketing, legal, accounting, auditors and other Organizational Expenses incurred in
conjunction with the establishment and formation of the Funds, the General Partner, the Manager
or any of their Affiliates, in connection with the sale of Interests in the Funds and with the
organization of the Funds and other entities comprising the Funds (including the expenses of
formation of each such entities), plus fees or expenses due or paid to any placement agent or
financial advisors related to the formation of or capital raising for the Funds. (“Placement Costs”);
provided, however, that Management Fees will be waived (prior to being earned) and not payable
to the Manager in an amount equal to (i) any such expenses (other than Placement Costs) in excess
of $950,000, plus (ii) the amount of any Placement Costs paid by the Funds.

In addition to the Funds’ obligation to pay the Organizational Expenses and Placement Costs
described above, the Funds will pay other expenses outlined below and fully detailed in each
respective Fund’s limited partnership agreement: (i) out-of-pocket investment costs, such as
brokerage commissions and finders’ fees and transfer taxes; (ii) all expenses relating to
investigating, acquiring, operating, managing, appraising, constructing, rehabilitating, zoning,
marketing, advertising, financing and disposing of Investments (including, without limitation,
Terminated Transaction Expenses and travel, lodging and other out-of-pocket expenses, regardless
of whether or not the potential investment is acquired or the Investment is disposed of); (iii) fees
and disbursements to third parties relating to any audit and accounting or bookkeeping or tax
services with respect to the books and records of the of the Funds including, without limitation,
the preparation of the periodic reports required to be delivered, tax advice, tax projections, tax
returns and K-1’s, the costs of verifying Distributions, models, valuations and tax allocations; (iv)
fees and disbursements of attorneys, consultants, accountants, tax advisors, bookkeepers,
administrators, third-party appraisers including securities compliance costs, other costs of
valuation, third-party due diligence, third-party research services, third-party fund administrators
and other professionals (including legal fees in connection with any legal opinions required to be
delivered by or on behalf of the Funds); (v) interest expense on borrowings permitted and all
expenses incurred in negotiating, entering into, effecting, maintaining, varying and terminating
any borrowing or guarantee permitted to be incurred; (vi) controversy and controversy settlement
costs; (vii) expenses of members of the Advisory Committee, and any additional advisory
committees; (viii) compensation to members of advisory committees other than the Advisory
Committee; (ix) the amounts required to be paid to any Indemnitee ; (x) all insurance premiums,
finance charges, any fees and costs of brokers, agents, attorneys and advisors, and third-party
charges for risk management services or similar expenses incurred by the Funds or the General
Partner or the Manager in connection with the activities and management of the Funds(including
but not limited to fidelity and directors’ and officers’ insurance); (xi) the cost of maintaining
...

Item 7 – Types of Clients

As further described in Item 4 of this Brochure, the Manager provides investment management
services to the Funds, which are a private fund investment vehicles exempt from registration under
the Investment Company Act of 1940, as amended (“Investment Company Act”).

Investors in the Funds may include, but are not limited to, pension plans, endowments, insurance
companies, investment banks, retail banks, corporate entities, endowments and foundations, trusts,
family offices (both single and multi), high net worth individuals and “knowledgeable employees”.

Admission to the Fund is not open to the general public. It is expected that all future investors,
upon the Adviser’s registration as an investment adviser, must meet certain eligibility provisions
whereby interests are generally only offered to (a) an “accredited investor” as such term is defined
in Rule 501 and Regulation D promulgated by the SEC under the Act, (b) a “qualified client” as
defined in Rule 205‐3 under the Investment Advisers Act of 1940, as amended (the “Investment
Advisers Act”), or (c) a “qualified purchaser” as such term is defined in Section 2(a)(51) of the
Investment Company Act of 1940, as amended (the “Investment Company Act”) or (d)
“knowledgeable employees” as such term is defined in Rule 3c-5 of the Investment Company Act
of 1940. Each person who meets the requirements of this paragraph is referred to herein as a
“Qualified Investor”.

Prospective Investors should refer to the respective Fund’s Offering Memorandum for information
on minimum investment requirements. Typically, the Manager will require a minimum investment
of $1,000,000 depending on Investor type, although the Manager maintains discretion to
individually waive, increase or reduce the minimum investment required.