Alyeska Investment Group LP

ITEM 5 – FEES AND COMPENSATION

Item 5.A   Describe how you are compensated for your advisory services. Provide your fee
           schedule. Disclose whether the fees are negotiable.

           Funds:

           Alyeska receives compensation based on assets under management and
           performance. Detailed disclosure about the fees and other expenses applicable to
           an investment in the Funds is provided in the operative documents for the
           applicable Fund.

           Management Fees

           Offshore Feeder– Series One, Series Three, Series Four, and Series Five

           The Master Fund pays Alyeska a management fee (the “Offshore Feeder
           Management Fee”) quarterly in advance equal to 0.50% (2.0% annually) of the
           Master Fund’s net asset value pertaining to shares of the Offshore Feeder– Series
           One, Series Three, Series Four, and Series Five as of the first day of each calendar
           quarter. For Investors and their affiliates who invested in Offshore Feeder– Series
           One, Series Three, Series Four, and Series Five on or after January 1, 2024, the
           Offshore Feeder Management Fee rate shall be reduced incrementally to 1.75%
           or 1.50% for Investors that have been continuously invested in the Offshore
           Feeder or Domestic Feeder (including any period during which an Investor owned
           interests or shares in Alyeska Fund 2, L.P. or Aleutian Fund 2, Ltd.) for at least
           two or four years, respectively; for Investors and their affiliates who invested in
           Offshore Feeder – Series One, Series Three, Series Four, and Series Five prior to
           January 1, 2024, the Offshore Feeder Management Fee rate shall be reduced
           incrementally to 1.75%, 1.50%, 1.25% or 1.00% for Investors that have been
           continuously invested in the Offshore Feeder or Domestic Feeder (including any
           period during which an Investor owned interests or shares in Alyeska Fund 2,
           L.P. or Aleutian Fund 2, Ltd.) for at least two, four, six, or eight years,
           respectively (the “Reduction for Multi-Year Past Investment”).

           In the event shares in the Offshore Feeder are purchased on a day other than the
           first business day of the quarter, the Offshore Feeder Management Fee payable
           by the Master Fund for the quarter in which such sale of shares occurs shall be
           prorated to reflect only that portion of such quarter during which the shares were
           outstanding. To the extent a shareholder redeems other than as of the last day of
           the calendar quarter, such shareholder will be refunded a pro rata portion of the
           Offshore Feeder Management Fee.

           Alyeska, in its sole discretion, may elect (and has elected) to reduce or waive the
           Offshore Feeder Management Fee with respect to principals and employees of
           Alyeska and its affiliates and their respective family members.

           Domestic Feeder – Series One, Series Three, Series Four, Series Five

           The Master Fund pays Alyeska a management fee (the “Domestic Feeder
           Management Fee”) quarterly in advance equal to 0.50% (2.0% annually) of the
           Master Fund’s net asset value pertaining to each Domestic Feeder – Series One,

Series Three, Series Four, and Series Five limited partner’s capital account
balance as of the beginning of such calendar quarter. For Investors and their
affiliates who invested in Domestic Feeder– Series One, Series Three, Series
Four, and Series Five on or after January 1, 2024, the Domestic Feeder
Management Fee rate shall be reduced incrementally to 1.75% or 1.50% for
Investors that have been continuously invested in the Domestic Feeder or
Offshore Feeder (including any period during which an Investor owned interests
or shares in Alyeska Fund 2, L.P. or Aleutian Fund 2, Ltd.) for at least two or four
years, respectively; for Investors and their affiliates who invested in Domestic
Feeder– Series One, Series Three, Series Four, and Series Five prior to January
1, 2024, the Domestic Feeder Management Fee rate shall be reduced
incrementally to 1.75%, 1.50%, 1.25% or 1.00% for Investors that have been
continuously invested in the Domestic Feeder or Offshore Feeder (including any
period during which an Investor owned interests or shares in Alyeska Fund 2,
L.P. or Aleutian Fund 2, Ltd.) for at least two, four, six, or eight years,
respectively (the “Reduction for Multi-Year Past Investment”).

The Master Fund also pays to Alyeska on behalf of the Domestic Feeder a pro
rata portion of the Domestic Feeder Management Fee with respect to the Master
Fund’s net asset value attributable to capital contributions to the Domestic Feeder
– Series One, Series Three, Series Four, or Series Five made other than as of the
first day of a calendar quarter, based on the actual number of days remaining in
such partial quarter. To the extent a Domestic Feeder – Series One, Series Three,
Series Four, or Series Five limited partner makes a withdrawal other than as of
the last day of the calendar quarter, such limited partner will be refunded a pro
rata portion of the Domestic Feeder Management Fee.

Alyeska, in its sole discretion, may elect (and has elected) to reduce or waive the
Domestic Feeder Management Fee with respect to principals and employees of
Alyeska and its affiliates and their respective family members.

Offshore Feeder – Series Two

The Master Fund pays Alyeska a management fee (the “Offshore Feeder – Series
Two Management Fee”) quarterly in advance equal to 0.75% (3.0% annually) of
the Master Fund’s net asset value pertaining to the Offshore Feeder – Series Two
as of the first day of each calendar quarter. For Investors and their affiliates who
invested in Offshore Feeder– Series Two on or after January 1, 2024, the Offshore
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ITEM 7 – TYPES OF CLIENTS

Describe the types of clients to whom you generally provide investment advice, such as individuals, trusts,
investment companies, or pension plans. If you have any requirements for opening or maintaining an
account, such as a minimum account size, disclose the requirements.

Alyeska provides investment advisory services to private investment funds.

Each Investor in the Funds must meet certain eligibility provisions: Interests/Shares in the Funds are
generally offered to (A) U.S. Investors who are (i) accredited investors within the meaning of Regulation D
of the Securities Act of 1933, as amended (the “Securities Act”), and (ii) qualified purchasers within the
meaning of Section 2(a)(51) of the Investment Company Act of 1940, as amended, and (B) non-U.S.
Investors. Investments in the Funds are subject to a minimum investment of $15,000,000 per Investor,
subject to waiver at the discretion of the General Partner or the board of directors of the Offshore Feeder.