Olive Street Capital Partners LLC

Item 5 - Fees and Compensation

Investment Management Services

Olive Street’s fees include compensation for investment management services and other account-
related services. Olive Street does not charge any other fees; however, Clients are also subject
to third-party fees, which are classified as “Expenses.” In addition to Olive Street’s advisory fees,
a Client also bears all expenses incurred in connection with an account’s investment activities.
Those expenses reduce Clients’ returns. Expenses include some or all of the following: brokerage
fees and commissions; custody fees; trustee fees; transfer taxes; wire transfer and electronic fund
fees; accounting fees and expenses; governmental fees; legal and other professional fees; and other
reasonable costs related to the management of an account.

All fees paid to Olive Street for investment advisory services are separate from any fees and
expenses charged to shareholders of mutual fund shares, mutual fund companies, exchange-traded
funds, or alternative pooled investment vehicles. A complete explanation of the expenses charged
by a mutual fund or alternative investment vehicle is contained in each fund or vehicle’s
prospectus.

Please also see “Item 12: Brokerage Practices” in this Brochure regarding costs and expenses.

Neither Olive Street nor any of its Supervised Persons accept commissions or other
compensation for the sale of securities or other investment products.

The fee for Investment Management Services is generally a percentage of assets under
management. Fees that are based on a percentage of assets under management are applied to
the account asset value on a pro-rated basis, charged quarterly in advance.

If a Client terminates their advisory contract before the end of a billing period, the pre-paid
amount relating to services not rendered shall be pro-rated and refunded to the Client in
accordance with the relationship’s date of termination.

The initial fee is based upon the date the account is accepted for management by execution of the
Investment Management Agreement by Olive Street and the Client or when the assets are
transferred to the qualified custodian. The initial fee is charged at the time of execution of the
Investment Management Agreement and will be based on the account asset value at the given
date. If the account is accepted during a given quarter, then the fee will be pro-rated depending
on the remaining time left in such quarter. Thereafter, the fee is based on the market value of the
account on the last day of the previous calendar quarter and will cover the period from the first
day of the following calendar quarter through the last day of such calendar quarter. The market
value is determined as reported by the custodian. Fees are generally assessed on all assets under
management, including securities, cash and money market balances. Margin debit balances do not
reduce the value of assets under management.

Olive Street Capital Partners LLC                                            Form ADV Part 2A

Currently, Olive Street does not charge a consultant fee related to investment recommendations
into private investments. However, the Firm will disclose the hourly fee that it may charge for
consulting if it offers this service.

Olive Street charges 1.00% (100 basis points) for its investment management services, which is
based on the total market value of the Client account and agreed upon in the Investment
Management Agreement between Olive Street and the Client. This fee schedule could be subject
to negotiation between Olive Street and particular Clients. In the event Olive Street provides
such services to multiple related Client accounts that it, in its sole discretion, classifies as a
“Relationship,” the market values of the multiple related Client accounts will be aggregated and
prorated to minimize fees for the benefit of the Relationship.

For fees that are collected based on a percentage of assets under management, the Client generally
authorizes the Firm to debit fees quarterly directly from their custodial account. The custodian
will send a statement to the Client, at least quarterly, indicating all the amounts disbursed from
the account including the amount of advisory fees. The Client is responsible for verifying the
accuracy of the fee calculation as the custodian will not do so.

The Client can, upon request and approval from Olive Street, pay his/her quarterly management
fee by submitting a check to the Firm within 30 days of the invoice. Examples of this could include,
but are not limited to, where the Client’s account does not have sufficient funds or is restricted
from direct withdrawal (e.g., 401(k) plan assets).

Investment Consulting Services

The fee for Investment Consulting Services is a mutually agreed upon flat fee. Fees are paid on a
quarterly basis, billed quarterly in advance and will be prorated for any partial period. The fee will
be paid by the Client within 14 calendar days of receiving the invoice.

All expenses related to the Client’s assets including, but not limited to, any costs of safekeeping,
transport and acquisition and disposition, such as brokerage and other execution costs, custody
fees and margin cost, and legal, tax and accounting fees shall be paid by the Client. To the extent
that expenses to be borne by the Client are paid by Olive Street or an affiliate thereof, the Client
shall reimburse such party for such expense promptly following its receipt of a related invoice
from Olive Street.

A Client or Olive Street may terminate the Investment Consulting Services Agreement by giving
30 calendar days’ prior written notice of termination to the other. Upon termination, Olive Street
will return any fees owed to the Client on a prorated basis as of the effective date of termination.

Partnership

The Partnership shall pay Olive Street a management fee (the “Management Fee”) quarterly in
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Item 7 - Types of Clients

Olive Street offers investment management services to the Partnership and Clients. The
Partnership investors and Clients include high net-worth individuals, insurance companies and
family offices. Olive Street does not currently require a minimum value in order to establish a
relationship with the Firm. However, Olive Street may implement a minimum account value and
advise additional and different types of Clients in the future.

The Partnership imposes minimum investor qualifications standards but no minimum investment
requirement. Investors in the Partnership should review the Partnership’s Operative Documents
for additional information regarding suitability and the subscription process.