Blueprint Local LLC

Item 5 – Fees and Compensation

A.    Each Fund pays management fees to the Adviser as compensation for its services. These
      management fees are determined by the size of the Fund’s assets. The management fee ranges
      between 1% and 2% per annum (or such other percentage specified in the offering documents of
      the applicable Fund) of the aggregate capital commitments of the limited partners in the Fund. The
      Adviser and General Partner are authorized to charge lower management fees to one or more
      limited partners in a Fund, based on the timing of the limited partner’s capital commitment to the
      Fund, the amount of the limited partner’s capital commitment to the Fund, or other factors described
      in the offering documents of the applicable Fund.

      The General Partner of each Fund is entitled to receive performance-based compensation
      (commonly referred to as “carried interest”). Specifically, distributions by the Fund will be
      distributed to the limited partners until the limited partners have recovered all capital contributions
      plus a preferred return. Thereafter, the General Partner is entitled to performance based
      compensation whereby distributions are made 100% to the General Partner until the General
      Partner has received 20% (or such other percentage specified in the offering documents of the
      applicable Fund) carried interest, and after such time distributions will be made 80% to the limited
      partners and 20% to the General Partner (or such other percentage split as is set forth in the offering
      documents of the applicable Fund). The General Partner is authorized to reduce the percentage
      of carried interest borne by one or more limited partners in a Fund, based on the timing of the
      limited partner’s capital commitment to the Fund, the amount of the limited partner’s capital
      commitment to the Fund, or other factors described in the offering documents of the applicable
      Fund.

      The Adviser will comply with Rule 205-3 of the Investment Advisers Act of 1940 with respect to
      performance-based compensation. Performance-based compensation will be charged only to
      limited partners of a Fund who qualify as a “qualified client” (as defined in Rule 205-3) and have
      furnished certain information to the applicable Fund in order to ascertain such status.

B.    The Adviser bills each Fund for management fees on a quarterly basis. The management fee with
      respect to a particular Fund will begin accruing on the initial closing date of the applicable Fund.
      Management fees will be payable quarterly, in advance and pro-rated on a daily basis for short
      fiscal periods. The first payment of the management fee with respect to a particular Fund will be
      made at the earliest date upon which the Fund has received sufficient capital contributions to fund
      such payment.

C.    In addition to the asset management and performance-based fees described above, each Fund
      bears or will bear certain costs and expenses which generally will include:

      (i)     any sales taxes or other taxes, fees, penalties or government charges of any kind which
              may be assessed against the Fund and all expenses incurred in connection with any tax
              audit, investigation, settlement or review of the Fund;

      (ii)    commissions or brokerage fees or similar charges incurred in connection with the purchase
              or sale of assets (including any fees payable to third parties and whether or not any such
              purchase or sale is consummated);

      (iii)   interest on and fees and expenses arising out of all permitted borrowings made by the
              Fund;

(iv)     all costs and expenses (including legal fees, judgments and amounts paid in defense and
         settlement) relating to litigation and threatened litigation involving the Fund, including,
         without limitation, settlements of claims and indemnification expenses;

(v)      expenses incurred in connection with distributions made by the Fund;

(vi)     expenses associated with preparation and distribution of the Fund’s audited financial
         statements, tax returns and filings and the Fund’s and any qualified custodian’s reports to
         investors, and maintenance of books and records for the Fund;

(vii)    expenses incurred in connection with the purchase, holding, sale or proposed sale of any
         investment or any temporary investments (whether or not any such purchase or sale is
         consummated), including, without limitation, due diligence; the engagement of consultants,
         advisors or other specialized service providers; travel expenses related to the analysis,
         purchase or sale of investments (including expenses and costs related to unconsummated
         co-investments and co-investment vehicles that would have been allocable to co-investors
         had such proposed transaction or investment been consummated); costs and expenses
         for software, subscription services, periodicals, information services and other databases
         for such purposes; and other expenses related to the investment financing, monitoring,
         enhancement, disposition or reporting of Fund assets (including, for the avoidance of
         doubt, expenses associated with investor portals);

(viii)   fees, costs and expenses incurred in the organization, operation, administration,
         restructuring or termination, liquidation, winding up and dissolution of any entities through
         which the Fund makes investments;

(ix)     all fees and expenses attributable to normal and extraordinary investment banking,
         commercial banking, accounting, third-party administration (including, for the avoidance of
         doubt, maintenance of financial and other records by a third-party administrator), auditing,
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Item 7 – Types of Clients

As described above, the Adviser advises only private funds.

The underlying limited partners of the Funds, while not considered clients of Adviser under the Investment
Advisers Act of 1940, must reasonably demonstrate that they are “accredited investors” within the meaning
of Regulation D of the Securities Act of 1933, as amended, and any new limited partners admitted to a
Fund on or after the effective date of the Adviser’s registration must demonstrate that they are “qualified
clients” under Rule 205-3 of the Investment Advisers Act of 1940. The General Partner of a Fund is
permitted to impose a minimum investment amount for the Fund. Any such minimum will be specified in
the offering documents of the applicable Fund.