Bridgeport Management Company LLC

Item 5. Fees and Compensation
Bridgeport charges management fees and performance fees as set out in each client’s offering documents or investment
management agreement. Fees are negotiable and the Firm has discretion to waive or otherwise modify fees with respect
to any investor, including affiliates of the Firm.
Additionally, the Firm or an affiliate thereof receives operating fees and incentive units tied to the value of the SPVs’
portfolio companies for the development and execution of core strategies for the operating entity and for projects to
increase portfolio value. These portfolio company-related fees are paid regardless of the SPVs’ profitability.
The Firm or any of its affiliates has the right to contract for and receive certain fees from the underlying portfolio
companies of the clients or their subsidiaries. These fees include transaction fees, advisory fees, break-up fees, directors’
fees and other fees of a similar nature. The receipt of such fees will not reduce or offset any investor’s portion of the
management fee paid to the Firm.

Bridgeport Management Company LLC                                   Form ADV Part 2A

All clients advised by Bridgeport will bear their own operating costs and expenses. Investors should consult, as
appropriate, offering documentation or limited partnership agreements for a comprehensive explanation. Expenses
borne by clients, in addition to the fees paid to Bridgeport, will include costs associated with their operation, including
but not limited to the following: (i) administration, organizational and offering expenses, (ii) all fees, costs and expenses
incurred in connection with the making, holding, management, sale or proposed sale of any investment, whether or not
ultimately consummated, including, without limitation, brokerage commissions, finder’s fees, spreads, mark ups,
clearing and settlement costs, investment banking fees, short dividends, commitment fees, interest expense, broken
deal expenses and other transactional charges, (iii) consultants’ and other experts’ fees, legal and due diligence expenses
(including travel expenses), (iv) insurance costs (including directors’ and officers’ insurance, errors and omissions
insurance and other similar policies), (v) custody expenses and expenses of any third party to the extent reimbursed by
a client, and (vi) direct operating expenses, such as fees and expenses incurred in connection with legal, accounting,
audit and tax preparation expenses, filing and registration fees. Please refer to Item 12, Brokerage Practices, for
information regarding Bridgeport’s brokerage practices.