Consilium Investment Management LLC

Item 5 – Fees and Compensation
We offer our services on a fee-only basis. The typical management fee and performance allocation
with respect to private funds and separately managed accounts is as follows:

Consilium Frontier Equity Strategy. The investment management fee for our Frontier Market
Equity Strategy is 1.20% of all assets, annually. The minimum size for a separate account in this
strategy is USD$ 20 million. The fund vehicle has a USD $1 million initial subscription minimum.
The strategy offers monthly liquidity with 60 days’ notice. Expenses of the fund/strategy are paid by
the fund/client, including brokerage fees, custody fees and other fund expenses.

Consilium Extended Opportunities Strategy. The investment management fee for our Extended
Opportunities Strategy is 1.50% of all assets, annually. The performance fee is 20% over a specified
hurdle rate, and it is paid yearly in arrears. Expenses of the strategy are paid by the investor, including
brokerage fees, custody fees and other expenses. The strategy is not open to new investors.

Consilium Concentrated GEM SMA Equity Strategy. The Consilium Concentrated GEM
SMA Equity Strategy seeks capital appreciation through investments in Global Emerging Market
securities. The investment management fee for our Concentrated GEM SMA Strategy is .80% of all
assets, annually. The strategy is currently offered only as a separately managed account with a
minimum size of USD$ 25 million. Expenses of the strategy are paid by the client, including
brokerage fees, custody fees and other operational expenses.

CFP I Holdings, LLC. CFP I Holdings, LLC is a Delaware limited liability company that previously
pursued a commercial real estate investment strategy. All real estate assets have been liquidated.
Approximately $885,454 in cash reserves is maintained pursuant to contractual obligations relating to
pending litigation. No advisory fees are charged or accrued on this account. The strategy is closed to
new investors.

NOTE: Investors should refer to each Fund’s Offering Memorandum, Subscription
Agreements and other offering documents for addition/supplementary information regarding
the Funds as well as the fees and expenses paid by the Funds. Consilium reserves the right
to negotiate fees and investment minimums.

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Item 7 – Types of Clients
Consilium generally provides investment advice to private Investment Funds. Investors in the
Investment Funds include:

   ▪   Municipal and State Plans

   ▪   Pension and profit-sharing plans

   ▪   Trusts, estates, foundations/endowments and other charitable organizations

   ▪   Insurance companies

   ▪   Pooled investment vehicles (other than investment companies)

   ▪   Investment companies

   ▪   Investment advisers

   ▪   Corporations and business entities other than those listed

Types of Investments

Consilium is authorized to enter into any type of investment transaction that it deems appropriate for
its investors, pursuant to the terms of its investment management agreements. Consilium does not
currently advise investors on any types of investments other than those identified below.

Currently, Consilium may offer investment advice on the following types of investments:

   ▪   Equity securities, including exchange-listed securities, securities traded over-the-counter and
       foreign issues

   ▪   Corporate debt securities (other than commercial paper)

   ▪   United States government securities

   ▪   Option contracts on securities

   ▪   Limited partnership interests

   ▪   Private investment funds

   ▪   Futures contracts

   ▪   Derivatives contracts

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Consilium trades and invests principally, but not solely, in debt and equity securities that are traded in
non–U.S. and U.S. public markets. When deemed appropriate, Consilium also invests in options,
bonds, convertible debt, preferred stock, swaps (including, but not limited to, interest rate swaps,
variance swaps, volatility swaps, commodity swaps, credit default swaps, asset swaps, total return
swaps, equity swaps including baskets and emerging markets swaps, variations on any of the foregoing
and any other type of over-the-counter instrument), notes, bills, warrants, futures, rights, derivatives,
non–U.S. currencies, restricted securities, fixed-income assets and other securities or assets.

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