Aureon Partners LLC

Item 5 - Fees and Compensation

The Adviser is compensated for providing sub-advisory services to the Sponsoring Adviser.
The Adviser does not charge fees directly to investors in the private investment vehicles
managed by the Sponsoring Adviser.
Sub-Advisory Fees
The Adviser receives a quarterly sub-advisory fee from the Sponsoring Adviser. This fee
may be calculated based on a percentage of the management fees, liquidation fees, or other
applicable fees earned by the general partners of the private investment vehicles managed
by the Sponsoring Adviser. The fee is paid quarterly in advance.
Fee Adjustments
The Sponsoring Adviser may, at its discretion, reduce the fees used to calculate the sub-
advisory fee in certain circumstances, such as a material adverse change in asset
performance or dilution in the underlying portfolio. Any such adjustment will be made in
good faith and in consultation with the Adviser.
Transaction Fees
The Adviser compensates certain third parties, including investment banks, for introducing
prospective sponsors or other clients. Compensation may be structured as a fixed fee or as
a percentage of advisory fees earned from the resulting relationship. These third parties are
not related persons of the Adviser.

Other Compensation
Currently, neither the Adviser nor its supervised persons accept compensation for the sale
of securities or other investment products, including asset-based sales charges or service
fees from the sale of mutual funds, if applicable.
Clients do not receive refunds of sub-advisory fees once paid.

Item 7 - Types of Clients
The Adviser currently provides sub-advisory services to an investment adviser that itself
serves as a sub-adviser to the general partner(s) of certain private investment vehicles
structured as alternative investment funds (“AIFs”). The Adviser does not currently provide
advisory services directly to individual investors or pooled investment vehicles.
The Adviser intends to launch and manage its own privately offered pooled investment
vehicles in the future. These vehicles will be offered to sophisticated, qualified investors,
including institutional investors, family offices, and high-net-worth individuals, subject to
applicable eligibility requirements.
The Adviser does not impose minimum account size requirements at this time, as it does not
currently manage accounts directly for investors.