Bainbridge Partners LLP

Item 5. Fees and Compensation
Fund Management Fees
For the non-US funds and US funds, Bainbridge is compensated for its advisory services through the receipt
of management fees.
For the US funds, the fee arrangements are set forth in the applicable private fund offering document. Fees
are generally paid in arrears and are deducted from client accounts.
    -   The management fee for the Bainbridge Opportunistic Credit Fund is calculated as 0.50% of each
        LP’s commitment.
    -   The management fee for the Bainbridge Strand Fund ranges from 0.75% to 1.25% of the net asset
        value.
For some funds there is also a performance-based fee. Fee arrangements are set forth in the applicable
private fund offering document.
Additional Fees and Expenses
The Firm bears all its own overhead expenses, however each fund will bear its own ordinary and
extraordinary costs. These will include fees and expenses incurred in, or relating or attributable to, its
operation. This may include inter alia, professional services (including legal costs, accounting, auditing and
tax), research and research-related costs, negotiating, structuring, acquiring, trading, settling, monitoring
and holding portfolio investments (where relevant), brokerage and transaction-related costs, transactional
services, interest connected to investment-related borrowing, costs related to the use of an Administrator
and publication of the funds’ net asset value, Directors’ expenses, photocopying, facsimile, postage, and
telephone expenses, expenses of annual and special meetings, extraordinary expenses (e.g., litigation costs
and indemnification obligations), performance and management fees paid to investment manager, and any
fees and expenses involved in registering and maintaining the registration of the fund. Where relevant, each
fund will bear its pro rata share of all expenses related to investment pools in which the fund invests, such
as management fees, performance fees, performance allocations, ordinary operating expenses (e.g.,
administration, legal, accounting and other operational costs) and extraordinary expenses (e.g., litigation).
Full details of fees and expenses are detailed in the applicable private fund offering document.
For additional information related to brokerage and other transaction costs, please see Item 12. Brokerage
Practices.
Side Letters
Fund directors have the power to and may enter into side letters with individual investors on request. As a
result of such side agreements, certain investors may receive additional benefits which other investors will
not receive. Further details are set forth in the applicable private fund offering documents.