Onex Canada Asset Management Inc

5. Fees and Compensation
OCAM typically has a two-tiered fee structure for all of the OCAM Funds and separately managed accounts. Account holders pay an annual
management fee based on a percentage of the market value of the fund or separately managed account (“Base Management Fee”), plus an
annual performance fee (“Performance Fee”) (except where noted). Fees are not negotiable, and do not vary with the size of the account.
We charge a Base Management Fee of between 0% and 1.5% per annum on our high net worth private client assets under management,
depending on the portfolio model in which the assets are invested. Base Management Fees are paid either monthly or quarterly by our clients,
in arrears. Performance Fees are earned and paid once in each 12-month period on all of our portfolio models with Performance Fee
components, in arrears. Our portfolio models with Performance Fee components have a December 31 performance year end.
Pursuant to the Transition described in Item 4 above, certain funds will be subject to lower fees.
Equity Strategies (except as noted)
• Base Management Fee of between 0.30% and 1.0% per annum. No Performance Fee.
Alternative Equity Investment Strategy
• Global Special Situations Strategy: Base Management Fee of between 0.90% and 1.25% per annum. Annual Performance Fee of 20% of any
positive returns before sales tax. Perpetual loss carry forward on all negative returns subject to an annual hurdle rate of between 3% and 5%
before Performance Fees are earned.
Fixed Income and Credit Alternative Investment Strategies
• High Yield and Onex Senior Credit Strategies: Base Management Fee of between 0.40% and 1.0% per annum. No Performance Fee.
Base Management and Performance Fees are calculated and paid at the individual OCAM fund or separately managed account level. Each OCAM
fund is responsible for expenses relating to: the purchase, sale and custody of securities held within the fund’s portfolio; the offering of its units;
interest and borrowing fees; legal, audit, professional and administration fees; record keeping and financial and other reporting costs; as well as
other expenses relating to its operations.
For our separately managed accounts, fees and expenses include those related to the purchase, sale and custody of securities, and are deducted
directly from client assets. Fees are paid in arrears. If a client joins or leaves the Firm between billing periods, fees are pro-rated for the period
since the last billing.
OCAM or its affiliates from time to time enter into arrangements with service providers that provide for fee discounts for services rendered to
OCAM. For example, certain law firms retained by OCAM discount their legal fees for advice in connection with operational, compliance and
related matters with respect to OCAM.
Detailed information on fees and expenses is set forth in the Governing Agreements and/or the Firm’s investor and portfolio guide
(the “Investor and Portfolio Guide”), which are made available to prospective investors prior to their investment.
Clients will incur brokerage and other transaction costs. Please refer to Item 12 of this brochure for more information on brokerages
practices.

ADV — Part 2A                                                                                                                       Onex.com

7. Types of Clients
OCAM generally provides investment advice to high net worth individuals, trusts, private charitable foundations and estates, corporations and
business entities. The minimum investment required to establish a client relationship with the Firm is $3 million CAD. The minimum amount
can be waived at the discretion of the OCAM.

ADV — Part 2A                                                                                                                Onex.com