Alpha Wave Global LP

Item 5 – Fees and Compensation
Detailed below is a brief summary of certain fees and expenses paid by the Funds. Investors and
prospective investors are advised to review a relevant Fund’s offering materials and other
constituent documents for a more comprehensive discussion of fees and expenses.

Advisory Fees and Compensation

Moraine Funds

Affiliates of Alpha Wave are entitled to receive a quarterly asset-based fee (the “Moraine
Management Fee”) of 1% per annum. The Moraine Management Fee is generally based on the
Moraine Funds’ net asset value.

In addition, an affiliate of Alpha Wave that serves as the general partner of the Moraine Domestic
Feeder Fund receives an annual incentive allocation (the “Moraine Incentive Allocation”). The
Moraine Incentive Allocation is 15% annually, subject to a high-water mark mechanism.

Alpha Wave Ventures II, LP

Alpha Wave receives a quarterly advisory fee based on a negotiated percentage of each limited
partner’s capital commitment. Advisory fees are paid quarterly in advance but amortized monthly.
Ancillary fees, including fees and other income from services provided or related to portfolio
investments or prospective portfolio investments (i.e., advisory, servicing, structuring, break-up or
similar fees), received by the general partner, Alpha Wave Ventures GP, Ltd, will, net of related
expenses, be applied to reduce advisory fees.

In addition, an affiliate of Alpha Wave and an affiliate of the Co-Adviser, will generally be entitled
to receive a negotiated percentage of the profits from Alpha Wave Ventures II, LP (“Ventures II
Carried Interest”). The Ventures II Carried Interest is also subject to a clawback provision.

Alpha Wave Private Credit Funds

Alpha Wave is entitled to receive a quarterly advisory asset-based fee based on a negotiated
percentage of the net asset value of the Alpha Wave Private Credit Funds paid in advance.

In addition, an affiliate of Alpha Wave and an affiliate of the Co-Adviser receive an annual
incentive allocation calculated as a percentage of the realized and unrealized net capital
appreciation and the net current income attributable to the Alpha Wave Private Credit Funds
(“Private Credit Incentive Allocation”). The Private Credit Incentive Allocation is calculated
separately for the net capital appreciation and the net current income and subject to a high-water
mark mechanism and preferred return, respectively.

Alpha Wave Special Opportunities Fund

An affiliate of Alpha Wave that serves as the general partner of the Alpha Wave Special
Opportunities Fund is generally entitled to receive 20% of the profits from the Alpha Wave Special
Opportunities Fund after satisfaction of a preferred return pursuant to a distribution waterfall

described in the offering documents of the Alpha Wave Special Opportunities Fund (the “Special
Opportunities Carried Interest”). The Special Opportunities Carried Interest is also subject to a
clawback provision.

An affiliate of Alpha Wave previously was entitled to receive a quarterly asset-based fee (the
“Special Opportunities Management Fee”). However, the Special Opportunities Management Fee
has been waived going forward.

Other Clients

Certain clients are subject to different advisory fee and incentive compensation arrangements as
set forth in such entities’ or accounts’ governing documents. This includes Funds not identified
earlier in Item 5, clients of the joint ventures, third parties to whom Alpha Wave provides non-
discretionary research and advisory services and any special purpose, co-investment or similar
investment vehicles, which are subject to different advisory fee and incentive compensation
arrangements as set forth in such entities’ or accounts’ governing documents.

Importantly, certain Clients pay performance-based fees calculated on the combined performance
of the Client’s investments and other Clients pay performance-based fees calculated on a
percentage of profits from each underlying investment in the Client. In certain instances, this could
create a conflict of interest for Alpha Wave when investments may not be disposed of pro rata
among relevant Clients. Please see Item 11 “Certain Other Conflicts of Interest” for additional
information on conflicts Alpha Wave may have with certain Clients.

General

The management fees, incentive allocations and carried interest arrangements described above
may be waived, reduced or calculated differently with respect to certain shares or interests in a
particular Client. Investors that are members, shareholders, partners, officers, employees and
affiliates of Alpha Wave, members of the immediate families of such persons and trusts or other
entities established by them or for their benefit are generally not subject to management fees,
incentive allocations or carried interest.

Additional Fees and Expenses

In addition to the advisory fees and compensation described above, Clients also bear their own
expenses as more fully described in each Client’s governing documents. The expenses described
below are applicable to certain Clients, however Clients should review their applicable governing
documents for a comprehensive list of applicable expenses.

These expenses may include, without limitation, some or all of the following: investment expenses
(e.g., expenses that, in Alpha Wave’s discretion, are related to the investment of a Client’s assets,
whether or not such investments are consummated, such as brokerage commissions, expenses
relating to short sales, expenses relating to reviewing, incubating, facilitating, acquiring, financing,
holding, monitoring and disposing of investments, due diligence costs, travel and lodging costs
related to the review, diligence, maintenance and/or disposition of an investment, broken deal

expenses, brokerage commissions, clearing and settlement charges, custodial fees, expenses
relating to treasury and collateral management (including the cost of software packages), bank
...

Item 7 – Types of Clients
Alpha Wave provides discretionary and non-discretionary management services to the Funds as
well as non-discretionary management services to the Joint Venture as described above. Alpha
Wave also provides non-discretionary research and advisory services to a third-party investment
manager with respect to a specific investment. Alpha Wave may in the future provide investment
advice to other private pooled investment vehicles, separately managed accounts, joint ventures,
and other public or private vehicles.

The governing documents applicable to each Client set forth the eligibility requirements, including
minimum subscription amounts for investors in each Fund, which may vary by class. The
minimum subscription amount may be, and often is, waived by Alpha Wave for certain investors,
including for subscriptions by members, shareholders, partners, officers, employees and affiliates
of Alpha Wave, members of the immediate families of such persons and trusts or other entities
established by them or for their benefit.