Augment Infrastructure Managers Advisory LLC

FEES AND COMPENSATION

Below is a discussion of how the Adviser is generally compensated in connection with
providing advisory services to the Funds.

Advisory Fees and Carried Interest

This brochure will be delivered only to “qualified purchasers” as defined in the Investment
Company Act of 1940, as amended. Accordingly, no fee table is included in this brochure.

For its advisory services to the Funds, Augment is paid a management fee, paid quarterly
in advance (the “Management Fee”), which is based upon a stated percentage of a Fund
investor’s contributed capital.

The Management Fee is neither billed nor directly deducted but, as a general matter,
Augment may draw-down capital commitments from the Limited Partners or may use
amounts that would otherwise be available for distribution to such investors to meet the
obligation to pay the Management Fee.

Further, each Fund’s general partner is entitled to receive performance-based compensation
in connection with its advisory services (i.e., a performance or carried interest allocation).

Other Fees and Expenses

In connection with Augment’s advisory services, the Firm may be entitled to receive
reimbursement from the Funds for all organizational expenses (“Organizational
Expenses”).

Furthermore, separate from the advisory fee above, the Funds themselves bear certain other
fees and expenses, as permitted by the Governing Documents, which are incidental or
related to the management and operation of the Fund and are permitted under the
Governing Documents. These Fund expenses include, but are not limited to: all costs and
expenses relating to their operations, activities, actual or potential investments (whether or
not consummated) and business that are not reimbursed by a portfolio company or portfolio
fund (which reimbursements may be for travel, including, in certain circumstances, meal
and entertainment expenses, and other expenses incurred in connection with such Fund
investment) or applied to reduce transaction fees (as defined by the relevant Fund’s
Governing Documents), including, but not limited to: (a) legal, auditing, consulting, expert
network, and accounting fees and expenses (including costs of reports to the partners,
financial statements, tax returns, tax estimates and Schedule K-1s and any other Fund-
related reporting, and all costs associated with the Fund’s administration or filing
obligations (including (i) expenses incurred in connection with the payment to a third-party
administrator, if applicable, for the performance of services including administrative and
back-office services and (ii) expenses and costs associated with any software or online data
portal used in connection with the maintenance of the Fund’s books and with such
reporting)); (b) any taxes, fees or other governmental charges levied against the Fund or

on its income or assets in connection with their business or operations and all expenses
incurred in connection with any tax audit, investigation, settlement or review of the Fund,
in each case, except to the extent such amounts are (i) allocable to, or subject to
indemnification by, a partner and (ii) actually borne or paid by such partner; (c) all expenses
and costs incurred in connection with compliance with any applicable regulatory regimes
as may be required by applicable laws, rules and regulations, including the Dodd-Frank
Wall Street Reform and Consumer Protection Act, any applicable Commodity Futures
Trading Commission Rules, and any regulatory filings required to be made in respect of
the Fund or any Alternative Investment Vehicle or Feeder Fund (including FATCA, Form
PF and those relating to the Alternative Investment Fund Managers Directive (the “AIFM
Directive”), but excluding Form ADV); (d) custodial fees, commissions, other fees and
expenses arising from its operations; (e) expenses and fees incurred in connection with the
identification, investigation, structuring, acquisition, holding, organizing, managing,
operating, valuing, winding up, liquidating, dissolving and disposition of the Fund’s
proposed or actual portfolio investments, whether or not consummated (including due
diligence in connection therewith and refinancing thereof), including, but not limited to,
interest on money borrowed by or on behalf of the Fund, legal, accounting, audit,
consulting, travel, meals, entertainment, hedging, attendance at conferences in connection
with the evaluation of potential portfolio investments or specific sectors or industries to the
extent such conferences are in furtherance of the Fund’s business, and other expenses (to
the extent not subject to reimbursement); (f) appraisal fees and expenses, including, but not
limited to, the cost of obtaining from an independent appraisal firm a valuation of the
portfolio investments held by the Fund as of the end of each fiscal year and expenses
incurred in connection with other third party valuations; (g) any expenses and costs
incurred in connection with a proposed portfolio investment that would have been allocable
to co-investors had such proposed transaction or investment been consummated, if the
amount allocable to such co-investors is not paid by such parties; (h) commissions,
brokerage fees, custody fees, legal fees and expenses or similar charges incurred in
connection with the purchase and sale of securities; (i) distressed loan servicing fees; (j)
reasonable expenses of the members of the advisory board earned, charged or incurred in
their capacity as such; (k) all fees, expenses and settlements related to hedging transactions;
(l) all expenses relating to litigation and threatened litigation, investigation,
indemnifications, settlements or reviews or other extraordinary events involving the Fund
and the amount of any judgments or settlements paid in connection therewith (except for
legal expenses related to litigation, investigation settlements or reviews or other
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TYPES OF CLIENTS

The clients to whom Augment provides investment advice are private investment funds
offered to investors on a private placement basis. Details concerning applicable suitability
criteria for investors in the Funds are set forth in the respective Governing Documents.
Augment does not have a minimum account size.

Each investor in a Fund is required to meet certain suitability qualifications in order to
invest, such as being a “qualified purchaser” as defined in the Investment Company Act of
1940, as amended. In addition, there are prohibitions on withdrawals from the Fund and
restrictions on transfers of interests in a Fund. Because of these prohibitions and
restrictions, an investment in a Fund is a continuing commitment to invest the amount of
capital subscribed for by an investor, is an illiquid investment, and involves a high degree
of risk. A subscription for limited partner interests in a Fund should be considered only by
persons financially able to maintain their investment and who can accept a loss of all of
their investment.