Monterone Partners LLP

Item 5 - Fees and Compensation

Monterone charges management fees and performance fees.

Fund management fees are generally payable monthly in arrears, are computed based on the market
value of the client’s investment portfolio at the end of the billing period and are deducted from client
accounts. Fees are pro-rated on a daily basis for a portion of any monthly fee period.

Monterone’s SMA clients pay management fees monthly in advance, as negotiated for these mandates.
However, fee schedules and timing may be negotiated on a case by case basis with each underlying client
and set forth in the applicable investment management agreement, separately managed account
agreement or other similar agreement.

Monterone reserves the right to negotiate fees. Some clients pay more or less than others depending on
certain factors, including but not limited to, the duration of the lock-up of the account.

Clients pay other expenses in addition to the fees paid to Monterone. For example, clients may pay costs
such as brokerage commissions, transaction fees, administration fees, audit fees, custodial fees, transfer
taxes, wire transfer fees and electronic fund fees, and other fees and taxes charged to security
transactions which are unrelated to the fees collected by Monterone.

For more information on the Firm’s brokerage practices, please refer to Item 12 in this brochure.

Item 7 - Types of Clients

Monterone provides discretionary investment management services to private funds and institutional
clients in SMAs. Clients in SMAs can include, but are not limited to: family offices, endowments, pension
plans, trusts, estates, corporations and other institutional investors.

Although the Firm has the authority to accept subscriptions for a lesser amount, the required minimum
investment in the Fund is generally $500,000.

In order to provide services to a SMA, Monterone generally requires a minimum level of AUM in the SMA.
The Firm determines minimum level of AUM on a case-by-case basis and at the discretion of the Firm.