Consello Management LP

Item 5: Fees and Compensation

The Advisers receive a management fee (“Management Fee”) and the General Partners
receive a carried interest (“Carried Interest”) in connection with services provided to the

Funds. Certain investors in the Funds may not pay a Management Fee or Carried Interest or
may pay reduced amounts of a Management Fee or Carried Interest. The Advisers, General
Partners or other Consello entities or affiliates receive additional compensation in connection
with management and other services performed for portfolio companies of the Funds and
such additional compensation offsets, subject to certain exceptions, in whole or in part the
Management Fees otherwise payable to the applicable Adviser. Investors in each Fund also
bear certain fund expenses with respect to such Fund, as set forth in the applicable Offering
Documents.

Generally, investors in the Funds are assessed the Management Fee on an annual basis,
payable quarterly in advance to the relevant Adviser or its designated affiliate. As permitted
under the applicable Offering Documents, Consello may reduce or waive the Management
Fee with respect to an investor in its sole discretion. Each General Partner generally will
receive, with respect to the relevant Fund, a Carried Interest representing a percentage of all
realized net profits in excess of an 8% compound preferred return (subject to adjustment for
certain events).

The fees applicable to Consello Investing I are set forth in detail in its Offering Documents. A
brief summary of such fees is provided below.

Management Fee
Consello receives a Management Fee equal to (i) 2.0% per annum of each Investor’s capital
commitment during the investment period of the Fund and (ii) 2.0% of each Investor’s
invested capital thereafter. Consello may, in its sole discretion, waive or modify the
Management Fee for any Investor.

Carried Interest
The relevant General Partner receives a Carried Interest representing 20% of all realized net
profits in excess of an 8% compound preferred return (subject to adjustment for certain
events). The General Partner may, in its sole discretion, waive or modify the Carried Interest
for any Investor.

Other Types of Fees or Expenses
While the discussion below generally refers to the “Fund,” it enumerates certain fees and
expenses that apply generally to an investment in a Fund.

Consello is authorized to incur and pay in the name and on behalf of the Fund all expenses
which they deem necessary or advisable.

The Firm will be responsible for and shall pay, or cause to be paid, all of its own ordinary
administrative and overhead expenses, including, without limitation, all costs and expenses
related to rent, furniture, fixtures, equipment, office supplies, clerical expenses and all
salaries, bonuses and benefits paid to, or on behalf of, personnel of the Firm.

Generally, as set forth in the Offering Documents, each Fund generally bears all costs, fees
and expenses incurred in connection with organizing and establishing the Fund, the General
Partner (and their respective general partners, as applicable) and the marketing and offering
of limited partnership interests in the Fund. A summary of such costs, fees and expenses is set
forth below.

A Fund generally pays or reimburses the General Partner (or an affiliate thereof) for the Fund’s
and its affiliated entities’ structuring, organizational, funding and startup expenses (as further
set forth in the Fund’s limited partnership agreement) (collectively, “Organizational
Expenses”), including travel (including, where appropriate as determined by the General
Partner, the cost of using or chartering private aircraft or other private air travel at a cost not
to exceed the cost of first-class commercial airfare, other air travel, car or ride sharing services,
rail and other modes of transportation, lodging, meals and entertainment), other meals and
entertainment, printing, mailing, courier, legal, capital raising, accounting, regulatory
compliance (including expenses associated with the initial and/or preliminary registrations,
filings and compliance obligations and other offering requirements contemplated by the
European Union Alternative Investment Fund Managers Directive and the United Kingdom
Alternative Investment Fund Managers Regulations 2013 (together the “AIFMD”) or any law,
rule or regulation relating to the implementation thereof in any relevant jurisdiction, or any
other similar law, rule or regulation), the engagement of a Swiss representative and/or paying
agent (appointed pursuant to the Swiss Collective Investment Schemes Act and Financial
Services Act 2018 (as amended), including any law, rule or regulation related to the
implementation thereof), trustee, record keeping, account and similar services and any
depositary appointed by the General Partner (or an affiliate thereof), any administrative or
other filings and other organizational expenses (including expenses incurred in connection
with structuring, organization, negotiating, funding and start-up of the Fund and the General
Partner, including the preparation of, and negotiations with respect to, the private placement
memorandum and supplements thereto, investor presentations and other marketing
materials, the limited partnership agreement, subscription agreements, any agreements with
placement agents and any other similar agreements, but not including any costs or expenses
incurred in connection with the “most-favored-nations” election process). The Fund will also
bear expenses of the type described in the preceding sentence to the extent incurred by any
placement agent. The General Partner (or an affiliate thereof) will bear the cost (through an
offset against the Management Fee or otherwise) of all such organizational expenses in excess
of a capped amount and of any placement fees (“Placement Fees”) payable to any placement
agent in connection with the formation of a Fund.
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Item 7: Types of Clients

Our clients are the Funds, as described in Item 4 above, and the Funds are generally open to,
among others, institutions, pension plans, endowments, high net worth individuals, financially
sophisticated individuals, and other sophisticated investors. Fund interests are offered and
sold generally to investors that are (a) “accredited investors” as defined under Regulation D
of the Securities Act, (b) “qualified clients” as defined under the Advisers Act or other
“knowledgeable employees” of the Advisers, and (c) “qualified purchasers” as defined in
Section 2(a)(51)(A) of the Investment Company Act.

Generally, each Fund requires a minimum Commitment of $10 million, but such amount may
be reduced with the prior agreement of an Adviser, subject to applicable legal requirements.