Augusta Capital Investors LLC

ITEM 5 - Fees and Compensation
Investors in The Augusta Fund will generally be subject to (i) a quarterly management fee, payable in arrears, equal to 1%
annually of such investor’s Capital Account balance as of the end of such quarter (the “Management Fee”); and (ii) an
annual performance allocation equal to 20% of each investor’s ratable share of the Partnership’s profits for such year (the
“Performance Allocation”). Such Performance Allocation shall only be paid if the Partnership achieves an annualized rate of
return equal to 8% of each Partner’s beginning Capital Account balance for such year (the “Hurdle Rate”); provided,
however, that such Performance Allocation shall be subject to a loss carry-forward provision, also known as a “high water
mark,” so that the Performance Allocation will only be deducted from a Limited Partner’s Capital Account to the extent
that such Limited Partner’s pro rata share of such appreciation causes its Capital Account balance, measured on a
cumulative basis and net of any losses, to exceed such Limited Partner’s highest historic Capital Account balance as of the
end of any prior year or, if higher, such Limited Partner’s Capital Account immediately following its admission to the
Partnership (as adjusted for any withdrawals at a time when a Limited Partner’s Capital Account balance is below the
applicable “high water mark”).

Investors will bear the cost of fees charged by the partnerships and funds that the Augusta Fund invests in. These fees are
generally charged as a percentage of assets under management and/or based on performance.

Investors often have the opportunity to invest directly with these partnerships and funds without having to access them
via the Augusta Fund.

Clients may bear the cost of commissions or markups for the purchase of certain securities. Augusta Capital Investors does
not reduce our advisory fees to offset commissions or markups, nor do we receive any revenue from such commissions or
markups.

Beginning 24 months from the date of a Limited Partner’s admission to the Partnership (such period, the “Lock-Up
Period”), such Limited Partner will be generally permitted to make withdrawals from its Capital Account (except to the
extent of its interest in any unrealized Special Investments) as of the last business day of any calendar year, or such other
date as the General Partner may determine in its discretion (each such date, a “Withdrawal Date”) (or more frequently in
the sole discretion of the General Partner), provided that the Partnership receives at least 90 days written notice of such
withdrawal prior to the applicable Withdrawal Date.

©2010 National Compliance Services 800-800-3204                                                                            -4-

AUGUSTA CAPITAL INVESTORS, LLC                                                                               IARD/CRD NO: 168607
FORM ADV PART 2A                                                                                           SEC FILE NO.: 801-78381
BROCHURE                                                                                                                02/19/2018

ITEM 7 - Types of Clients
Interests in the Partnership are being offered under the 3(c)(7) exemption of the Investment Company Act for investment
by up to 499 persons who are “qualified purchasers” as defined inSection 2(a)(51)(A) of the Investment Company Act.

    A. A “qualified purchaser” is any person who comes within any of the following categories, at the time of such
       Limited Partner’s admission to the Partnership:

            I.   any natural person (including any person who holds a joint, community property, or other similar shared
                 ownership interest in an issuer that is excepted under section 3(c)(7) with that person’s qualified
                 purchaser spouse) who owns not less than $5,000,000 in investments, as defined by the Commission;
           II.   any company that owns not less than $5,000,000 in investments and that is owned directly or indirectly by
                 or for 2 or more natural persons who are related as siblings or spouse (including former spouses), or
                 direct lineal descendants by birth or adoption, spouses of such persons, the estates of such persons, or
                 foundations, charitable or-ganizations, or trusts established by or for the benefit of such persons;
          III.   any trust that is not covered by clause (ii) and that was not formed for the specific purpose of acquiring
                 the securities offered, as to which the trustee or other person authorized to make decisions with respect
                 to the trust, and each settlor or other person who has contributed assets to the trust, is a person
                 described in clause (i), (ii), or (iv); or
          IV.    any person, acting for its own account or the accounts of other qualified purchasers, who in the aggregate
                 owns and invests on a discretionary basis, not less than $25,000,000 in investments.

The Interests will not be registered under the Securities Act or the securities laws of any state or any other jurisdiction, nor
is any such registration contemplated.

An investment in the Partnership will be suitable only for investors who have adequate means of providing for current
needs and personal contingencies, can bear the economic risk of the investment, and have no need for liquidity in the
investment. Investors will be required to make representations to the foregoing effect to the Partnership as a condition to
acceptance of their subscription.

©2010 National Compliance Services 800-800-3204                                                                             -5-

AUGUSTA CAPITAL INVESTORS, LLC                                                                              IARD/CRD NO: 168607
FORM ADV PART 2A                                                                                          SEC FILE NO.: 801-78381
BROCHURE                                                                                                               02/19/2018