Argo Infrastructure Partners 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 is based on both (a) aggregate capital commitments and (b) capital "at risk", as defined
 by the Client investment management agreements.

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Argo Infrastructure Partners LP                                                            Part 2A of Form ADV

 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 utilizes Seven Fund Services, an outsourced third-party service provider for administrative services to
the Fund. The administrative services include overseeing, verifying the assets and valuation of the Fund, and
other back-office services, 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, therefore 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
takes 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’s 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.

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Argo Infrastructure Partners LP                                                              Part 2A of Form ADV