FEG Curio Investment Partners LLC

Item 5 – Fees and Compensation
                                            Curio Select L.P.

Curio ordinarily will debit from each Series’ capital account and pay to the Investment Manager monthly
or quarterly a management fee, in arrears, in an amount equal to a percentage of either (a) the net asset
value (“NAV”) of such capital account for liquid Funds or (b) the capital commitment, called capital or
NAV associated with such capital account for illiquid or restricted Funds, determined as of the last business
day of each month or quarter. The specific percentage may vary for each Series and will be provided in the
Supplement. Investors must read all offering documents carefully before investing in Curio. All fees
charged by the Investment Manager, or the general partner of Curio are subject to negotiation. In addition
to the management fee, the Funds also bear their own organizational and operating expenses. This includes
expenses for audit, legal, fund administration, custody, compliance, and tax-related fees.

Sub-Adviser Fees

For certain Multi-Fund Series, the Investment Manager may have sub-advisory agreements in place with
investment advisers to assist with investment management services, including but not limited to due
diligence, portfolio construction, and investment selection to the designated series within Curio. Fees may

vary based on the sub-adviser for the applicable Series. The Investment Manager currently has one sub-
advisory agreement in place. The sub-advised Series are only available to investors of the Sub-Adviser/
financial intermediary and are closed to other investors. In accordance with the sub-advisory agreement,
the Series will pay the Sub-Adviser as follows:

                                                  ANNUAL
                  SERIES NAME                    MGMT. FEE                  INCENTIVE FEE
              SFD Core Private Credit –                             5% of excess return over the Secured
                                                      .15%
                   Taxable Series                                        Overnight Financing Rate
              SFD Core Private Credit –                             5% of excess return over the Secured
                                                      .15%
                 Tax Exempt Series                                       Overnight Financing Rate
           SFD Opportunistic Private Credit –                       5% of excess return over the Secured
                                                      .15%
                   Taxable Series                                        Overnight Financing Rate
           SFD Opportunistic Private Credit –                       5% of excess return over the Secured
                                                      .15%
                 Tax Exempt Series                                       Overnight Financing Rate

In the event that a Limited Partner (LP) terminates their relationship with Signature FD, its sub-advisor
management fee changes to 0.25%, and its incentive fee changes to 8% over the Secured Overnight
Financing Rate.

Underlying Fund Fees

In addition to the management fees described above, the Series are generally subject to their pro rata portion
of any fees charged by Curio. By investing in Underlying Funds indirectly through the Series, the investor
bears asset-based fees and expense allocations at the Series level, as well as asset-based and performance-
based fees and expense allocations at the Underlying Fund level. Thus, an investor in the Series may be
subject to higher operating expenses than if they invested in an Underlying Fund directly or in a fund that
did not utilize a “fund of funds” structure. Investors are strongly encouraged to carefully read the offering
documents of Underlying Funds for full disclosure relating to fees and expenses.

                                           Managed Portfolios

The Investment Manager is a sub-adviser to FEG and does not assess an additional management fee to FEG
or the clients managed under this program. Clients pay fees directly to FEG pursuant to their contract. Fees
paid to FEG are disclosed in FEG’s Form ADV Part 2A, and noted below:

FEG’s management fee is 30 basis points (not including platform fee) for clients that utilize an independent
financial intermediary adviser. Actual investment fees incurred by clients may vary. For clients that utilize
FEG as their adviser, the fee generally ranges from 115 to 55 basis points on the value of the investment
assets and includes platform fees. Fees largely vary based on the agreement with the independent financial
intermediary.

For the model portfolio services offered by the Investment Manager, the management fee is 30 basis points
(not including platform fee) for investors that utilize an independent financial intermediary adviser. Actual
investment fees incurred by investors may vary based on the agreement and related fees charged by the
independent financial intermediary and their advisers.

Item 7 – Types of Clients
                                            Curio Select L.P.

The Investment Manager provides investment advisory services to Curio Select, L.P. , a Delaware series
limited partnership that offers strategies that invest in both public and private markets through primarily
non-liquid investment vehicles, such as hedge funds and private capital funds. It is structured as a 3(c)7
exempt private investment vehicle suitable for accredited investors and qualified purchasers. Curio contains
multiple separate Series for individual or multiple strategies,. Under Delaware law, each Series is treated
as a separate legal entity to avoid cross-contamination. Each Series invests in one or more hedge funds, or
private capital funds.

Managed Portfolios is a discretionary and non-discretionary investment program which offers model
portfolios to third parties who serve as financial intermediaries and/or platform providers to individual
clients. For the discretionary investment program, the Investment Manager is a sub-adviser of FEG and
manages portfolios on behalf of FEG’s discretionary intermediary clients and their underling investors