Three Bridges Capital LP

Item 5. Fees and Compensation

The information disclosed below is a summary only, and more detailed descriptions of fees and expenses
applicable to each Client are set forth in each Client's offering documents, limited partnership agreement
or advisory agreement, as applicable.

A. Advisory Fees and Compensation

Generally, the Adviser and its affiliates deduct investment management fees with respect to the Funds on
a monthly basis and with respect to the Managed Accounts on a quarterly basis and performance
compensation on an annual basis, from the assets of Client accounts by instructing such Clients' custodian.

The fees and compensation applicable to each Fund are set forth in detail in each Fund's offering
documents, and the fees applicable to the Managed Accounts are set forth in detail in each Managed
Account's investment management agreement.

As described in each Fund's offering documents, in general, the Funds pay the Adviser a monthly fixed fee
for investment management services in an amount not greater than 0.125% (1.5% per annum). As
described in the Managed Account's investment management agreement, the Managed Accounts generally
pay the Adviser a quarterly fixed fee for investment management services in an amount not greater than
0.375% (1.5% per annum). In addition, subject to the conditions discussed in each Fund's offering
documents (such as "loss carry-forward" provisions and benchmarks) and the Managed Account's
investment management agreement, if for any fiscal year an investor has a net profit, an amount not greater
than 20% of such net profit will be deducted from the investor's capital account as of the end of such fiscal
year (the "Incentive Compensation").

B. Additional Fees and Expenses

Client assets are invested in pooled investment vehicles in a master-feeder structure. Clients will bear
their share of the applicable master fund's operating and other expenses in accordance with the investment
pool’s governing documents.

In general, Clients bear the cost of their respective organizational and operating expenses. In addition to
paying investment management fees and, if applicable, performance-based fees or other compensation,
each Client generally bears its own expenses including, without limitation:

Directors' fees, legal, accounting, consulting, auditing, valuation and other third-party professional
expenses, administration expenses (including expenses of the Client's administrator and any shadow
administrator), operational expenses, including fees and expenses relating to technology (including, without
limitation, costs of software licensing, implementation and custom development) used to research
investments, evaluate and manage risk and facilitate accounting functions, a prorated portion of the cost of
the Adviser's insurance policies (i.e., directors and officers and errors and omissions insurance) relating to
the Client, research expenses and investment expenses such as commissions, interest on margin accounts
and other indebtedness, custodial fees, registrar and transfer agent fees, bank service fees, regulatory
expenses (including Form PF), extraordinary expenses, including, without limitation, the costs of any
litigation, investigation or tax audit involving the activities of the Client and other expenses related to the
purchase, sale or transmittal of the Client's assets.

Generally, all expenses borne by the Funds, other than the fixed fee described above and any expenses
that the Fund General Partner or Board of Directors, as applicable, determines should be allocated to a
particular investor (e.g., investor-related taxes), will be charged against the interests/shares of all the
investors on a pro rata basis. To the extent that expenses to be borne by the Funds are paid by the Adviser,
the Funds will reimburse such party for such expenses.

In addition, Clients will incur brokerage and other transaction costs. Please refer to Item 12 for a discussion
of the Adviser's brokerage practices.

C. Additional Compensation and Conflicts of Interest

Neither the Adviser nor any of its supervised persons accepts compensation (e.g., brokerage commissions)
for the sale of securities or other investment products.

Item 7. Types of Clients

The Adviser generally provides investment advice to the Funds and the Managed Accounts, as described
above, which are its Clients. The Adviser may provide investment advice to additional Managed Accounts
for institutional and other investors in the future. Beneficial owners of Managed Accounts may include
institutions, pension plans, high net worth individuals and other sophisticated investors.

With respect to any client that is a pooled investment vehicle, any initial and additional subscription
minimums are disclosed in the offering memorandum for the pooled investment vehicle.