Argo Infrastructure Management LP

Item 5:       Fees and Compensation

   General
   Compensation earned by Argo for the provision of services to its Clients is generally comprised of
   negotiated management fees based on a percentage of capital committed and contributed by the
   Client.

   Management fees are payable quarterly in advance by each Client, based on the applicable
   management fee percentage and are based on both (a) aggregate capital commitments and (b)
   capital "at risk", as defined by the Client investment management agreements.

   The Adviser may be entitled to continue to receive asset management fees as defined in the
   investment management agreements with Clients in circumstances where Clients terminate their
   investment management agreement with the Adviser prior to the expiration of defined time periods
   as set forth in the investment management agreements.
   The Adviser may be allocated an annual Yield Share by a Client in respect of a portfolio
   investment. The terms and calculations of the Yield Share are documented in individual Limited
   Partnership Agreements.

   Finally, the Adviser is entitled to receive payment for certain expenses from Clients related to a)
   establishment expenses (e.g. formation of the legal infrastructure necessary to establish the
   operational infrastructure related to the Adviser's advisory services provided to Clients), b) ongoing
   expenses related to the Adviser' business and its services to Clients and c) specific transaction-
   related expenses incurred in accordance with detailed budgets prepared for and approved by
   Clients, and d) other expenses as set forth in the investment management agreements with
   Clients.

   Affiliated Service Provider
   Argo will utilize Seven Fund Services, an outsourced third-party service provider for administrative
   services to the Fund. The administrative services include overseeing and verifying the Fund's
   assets and valuation, fund accounting, investor reporting, financial reporting, treasury, depositary
   services, and other administrative services. Anna Lisa Prata, CCO of Argo, is a co-owner of Seven
   Fund Services; a potential conflict of interest exists. Argo has a due diligence process for Fund
   Administrators prior to appointing them to oversee the Fund and its operations. Argo’s due
   diligence considerations are the administrator's capability, track record, and experience in handling
   similar assets, and take into consideration any conflicts that might compromise the administrator's
   independence to ensure transparency and fairness in reporting.

Item 7:       Types of Clients
   Argo currently offers investment advisory services to select Institutional Clients. Advisory
   relationships are formed to provide the Clients with access to a specific investment strategy within
   the target infrastructure sector.

   Each Client investment management agreement is negotiated individually. All of Argo's Clients
   qualify as both (1) "qualified purchasers" as defined for purposes of Section 3(c)(7) of the
   Investment Company Act of 1940, and (2) as "accredited investors," as defined in Regulation D
   under the Securities Act of 1933.