Atom Investors LP

ITEM 5 – FEES AND COMPENSATION

Private Investment Funds

The Firm does not currently have a general fee schedule. The fees and expenses associated with
an investment in the Feeder Funds and ACF vary, and they are described in detail in the offering
documents for the applicable Fund’s offering documents. The Firm may, in its discretion, manage
other funds or accounts with higher or lower fees, different fee structures, and different expense
payment arrangements, than those of the Feeder Funds, and ACF. Certain classes of shares and
interests of the Feeder Funds and ACF require investors to pay a redemption or withdrawal charge
to redeem or withdraw an investment, depending upon the amount and timing of the redemption
or withdrawal and other factors. Any such charges are retained by the Master Fund or ACF (as
applicable) for the benefit of the continuing investors in the Feeder Funds or ACF, as applicable.

ACF and the Feeder Funds each generally pay the Investment Manager an asset-based
management fee (“Management Fee”) that is generally calculated and payable quarterly in
advance; provided, with respect to AAE, the “founders” series are not be subject to any
Management Fee and the “standard” series are only charged a Management Fee to the extent such
fee is greater than any performance-based compensation otherwise payable with respect to such
series. The Management Fee is deducted directly from the assets of each of ACF and the Feeder
Funds. ACF and the Feeder Funds each will amortize the Management Fee monthly over the fiscal
quarter for which the Management Fee is paid. The specific manner in which fees are charged by
and paid to the Investment Manager is established in written agreements with ACF and the Feeder
Funds. Details regarding the calculation and payment of the Management Fees compensation for
ACF and specific Feeder Funds are contained within their respective governing documents.

The Management Fee will be prorated and payable as of the date of any subscription by an investor
that is effective other than as of the first day of a fiscal quarter. In the event of a redemption or
withdrawal by an investor other than as of the last day of a fiscal quarter, the Investment Manager
will return to the applicable Fund for payment to, or credit to the redeeming investor in the
applicable Fund, an amount equal to the pro rata portion of the Management Fee, based on the
actual number of days remaining in such fiscal quarter.

In the sole discretion of the Investment Manager, the Management Fee may be waived, reduced or
calculated differently with respect to a series of ACF and the Feeder Funds, including, without
limitation, any investor related to the Investment Manager.

Fund Expenses

The Funds each will bear its own expenses and, with respect to the Feeder Funds, its pro rata share
of the Master Fund’s expenses, including, without limitation, the following:

               (i) the Management Fee, if applicable;

               (ii) expenses, including personnel expenses, related to the research (including,
       without limitation, alternative market data analysis), sourcing, due diligence and
       monitoring of actual and prospective investments (whether or not consummated) and the
       consummation of investments, including the following: fees and expenses related to
       obtaining research and market data (including, without limitation, any information
       technology software or other technology incorporated into the cost of obtaining such
       research and market data); research of participation in initial public offerings; internal
       trading strategies; brokerage, prime brokerage and futures commission merchant fees,
       commissions and expenses; expenses relating to short sales; clearing and settlement
       charges; custodial fees and expenses; bank service fees; interest expenses and fees related
       to financings or re-financings; expenses related to onboarding and monitoring Sub-
       Advisers; fees and expenses of proxy research and voting services; and research-related
       travel, meal and accommodation expenses;

               (iii) the Sub-Advisers’ management fee and/or performance compensation;

               (iv) organizational and reorganizational expenses;

               (v) operational expenses, including the following: Bloomberg terminals, market
       data feeds, trade matching services, portfolio management systems, risk management
       systems, general ledger systems and order management systems; enterprise and
       infrastructure-related expenses, cloud services, third-party administrative fees and
       expenses; fees and expenses of third-party professionals, including attorneys and
       accountants; the costs of any litigation or investigation involving activities of the Funds;
       third-party audit and tax preparation expenses; fees and expenses of the Funds’ officers
       (including, without limitation, any anti-money laundering officers appointed pursuant to
       any applicable anti-money laundering regulations); fees and expenses (including director
       registration fees) of the Funds’ directors; fees and expenses of any advisory committee;
       fees and expenses related to compliance with the rules of any self-regulatory organization
       or applicable law in connection with the activities of the Funds, including any
       governmental, regulatory, licensing, filing or registration fees or taxes (including fees and
       expenses incurred in connection with the preparation and filing of Form PF, Form CPO-
       PQR, Section 13 filings, Section 16 filings and other similar regulatory filings); expenses
       incurred in connection with the offering and sale of the shares and interests in the Feeder
       Funds respectively, and other similar expenses related to the Feeder Funds (including
       expenses related to the preparation of side letters and similar agreements with investors,
...

ITEM 7 – TYPES OF CLIENTS

Private Investment Funds

The Investment Manager provides investment advisory services to the Funds. Investment advice
is provided directly to the Funds and not individually to the investors. Investors in the Funds may
include, but are not limited to, high net worth individuals, family offices, endowments,
foundations, trusts, charitable organizations, pension plans, sovereign wealth funds and corporate
or business entities. Each investor generally is required to be a “qualified purchaser”, as defined
in the U.S. Investment Company Act of 1940, as amended.

Each Fund has a minimum investment amount, specified in their respective governing documents;
however, this amount is subject to the discretion of the Investment Manager, and as such may
permit investment amounts below the minimum amount on a case-by-case basis.

ACF, the Feeder Funds, the General Partner and/or the Investment Manager may from time to time
enter into agreements with certain investors in the Funds that may in each case provide for terms
of investment that are more favorable to or otherwise different from the terms described in the
governing documents. Such terms may include: the provision of additional information or reports,
more favorable transfer rights among affiliated investors or undertakings designed to address legal,
regulatory or other internal policy considerations relevant to such investor. No such agreement

will necessarily entitle any other investor to the same terms of investment, nor will any other
investor have any recourse against the Funds, the General Partner, the Investment Manager and/or
any of their affiliates in the event that certain investors receive additional and/or different rights
and/or terms as a result of such arrangements.

Index Pro

Index Pro Clients may include, but are not limited to, registered investment advisers, family and
multi-family offices, individuals, high-net-worth individuals, trusts, charitable organizations,
endowments, foundations, pension plans and institutional investors. The minimum account size
for an Index Pro Client is $250,000.

Currently there is only one Index Pro Client, and the Investment Manager does not anticipate any
additional Clients will utilize this service in the future.

Advisory Services

The Investment Manager will generally only advise Advisory Clients with investable assets
exceeding $10 million, although in certain circumstances Atom may permit investment from
Advisory Clients below the minimum amount of investable assets on a case-by-case basis.
Advisory Clients are generally sophisticated in financial matters, “accredited investors” within the
meaning of Regulation D under the Securities Act of 1933, as amended, and “qualified purchasers”
under the Investment Company Act of 1940. Such Advisory Clients who are considered to be
accredited investors and qualified purchasers include, but are not limited to, a select number of
high-net-worth individuals, trusts, endowments, charitable organizations, sovereign wealth funds
and other institutional clients. The ISPs for Advisory Clients who meet the accredited investor and
qualified purchaser qualifications may include investments that present a greater risk of loss. Any
individual or trust who does not meet such qualifications will be limited in the types of investments
and services offered. Generally speaking, Advisory Clients who do not possess a certain level of
sophistication with respect to investing will be limited to investments in ETFs and mutual funds.