Oxford Bridge Management LLC

ITEM 5.        FEES AND COMPENSATION

A.     Fees and Compensation & Payment of Fees

       As compensation for its services rendered to the Clients, the Clients pay to Oxford Gate a fee
based on assets under management and a performance allocation subject to a hurdle and a high
water mark. Asset based fees are generally paid monthly in advance.

B.     Additional Fees and Expenses

        Clients generally pay out of their assets all ordinary operating expenses, including, without
limitation, administration fees and expenses, and expenses associated with its management, audit,
accounting and legal services, insurance and reporting, research and software costs, certain start
up and organizational expenses and expenses incurred in the investigation, holding, purchase, sale
or exchange of portfolio investments or potential portfolio investments (whether or not ultimately
consummated), pricing services fees, fees of valuation agents, and all expenses that are not normal
operating expenses. A complete description of each Client’s fees and expenses is found in each
Client’s Governing Documents.

Oxford Gate bears all costs and expenses of its operations, including without limitation personnel,
overhead, legal and accounting expenses unless otherwise provided for in the Governing
Documents.

ITEM 7.        TYPES OF CLIENTS

       Oxford Gate provides investment management services to private funds. As of December
31, 2020, Oxford Gate Master Fund and the associated feeder funds are Oxford Gate’s sole clients.